Two weeks ago mary put her house on the market for 215000., Ask an Expert

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Two weeks ago, Mary put her house on the market for $215,000. There had been little interest in Mary's house until yesterday, when a young couple saw the house and made an immediate offer of $170,000. Mary told her agent that $170,000 was clearly unacceptable, adding that she was willing to negotiate. How should Mary think about her reservation price for the house?

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