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Updated almost 6 years ago on .

Offering on a property
Hello,
I’m new to the forum but I have a question regarding a listing I found.
The asking price for the listing is 1.2 million but the appraisal information that the realtor sent me states that it was appraised for 800,000 in 2019.
It is a 12 unit property.
7 units are vacant
Would I offer at 800,000 or something in between?
How would you go about the negotiation process l?