Negotiation on price

[Aditya Soma]

Hello Everyone,

I hope everyone had a wonderful day so far.

In RPInvesting Book  @Brandon Turner says that it's always good start negotiation with 80%-20% strategy(Mean if Property is 100,000 ask for 80,000).   

But, Last few days I meet some Local RE Agents(Windsor ON) one of them said me that now a days if we offer 20% less then asking price that would give a very bad Impression on buyer and 99% seller will ignore the buyer who ask 20% less.

Friends please share your thoughts/Experience on 80-20% strategy, best ways to negotiate and get the deal done.

Thanks

Aditya Soma