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Originally Posted by Nicky
Id say thats a pretty decent offer, tell him you will let it go for 1500 
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I agree to a certain extent. If they offered you $1200 it's most likely much less than what they are actually willing to pay for it. I would counter with a little higher price of $1700 - $2000
What ever offer they come back with, assuming it's still greater than $1200 I would accept it.