I think it’s something that follows a little on from yesterdays conversation.
People seem to think round numbers when buying or selling.
It becomes a need to ‘hit a number’ or to ‘clear a certain amount’ out of a transaction.
I think it helps to know this when you’re in negotiations. It gives some perspective on what the other side might be thinking.
You don’t hear too often of the owner who wants $956,200 for their home. Most brains aren’t wired that way.