That maxim about the first offer proves correct

Sellers who resist a first offer can count on crying over spilled milk. (Flickr photo by +tajc)

Conventional wisdom has it that the first offer on a property usually will be the best one.

With two co-ops on the market of which I have knowledge, such has been the case.

One was listed for $799,000 at the outset and the other, for $3.95 million.

The first apartment went on the market in early February. A few weeks later, I presented an offer Continue reading