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*bump* Any news?

So, any update?

That's the whole point - both of you have to put your money where your mouth is. You each read both valuations, and you get one last chance - you to name your highest price, he his lowest. Then if you're still far apart, you auction on the basis I stated, setting the tipping point halfway...

Why don't you agree to auction it on the basis that if it sells for less than the halfway point between your two prices, he has to pay the auction costs, and if it sells for more than that, you have to pay the auction costs. This forces you both to do your best to accurately predict the market...

Like wylie, I don't understand why you don't want to auction it. There are no court costs if you agree to sell. The auctioneer costs next-to-nothing; the agent's commission is a couple of percent, but seems worth it if it means you get the property at the much lower price that you think...

sharynl, do you perhaps already have a contract to purchase at a price fixed by a valuation, or something like that?

Why not disengage and just take your offer to purchase off the table? Won't he either come back and agree to your price, or suggest you agree to sell it on the open market (at which point you could choose to make an offer)?