Why are the sellers ridiculous? The value of a piece of property is based on the current valuation and not how much the owner bought it for.[/QUOTE]


When I bid 2.3M - that was the market. However, the owner wants 2.4M. If I paid 2.4M, it would look like an anomaly, an aberration on the URA caveat lodged website. Basically he is ridiculous because he wants his price to be above market or else he would not sell. He is, in other words - greedy, like most landed property sellers.