Another bidder said he would make an offer for the property that is far less than the $1.2 billion the seller expects.

Many sellers expect more money than their neighbors got only a few months ago.

Bargaining is essential and the initial price will generally be at least a third higher than what the seller expects.

When a house is purchased for $500,000, he said, both the buyer and the seller can probably expect to pay from $1,200 to $1,500.

A seller would normally expect to receive the current market value of the units within fourteen days.

By waiting longer, sellers expect to get a higher price for the material they hold.

One reason properties are remaining on the market longer is that sellers still expect to reap double-digit price appreciation each year.

A seller should expect a broker to walk through the home pointing out cosmetic changes that might make it more appealing.

In the sales negotiation, seller and buyer will each be expecting to conclude a deal which is favourable to themselves.

Even as the market has tempered, sellers still expect prices of $2,000 per square foot.