How can a seller prepare for negotiations in a real estate transaction?

The correct approach for a seller to prepare for negotiations in a real estate transaction is to assess the current market and potential buyer interest. This involves researching comparable properties, understanding market trends, and gauging the level of interest from potential buyers. By doing this, sellers can establish a realistic and competitive price for their property, which positions them favorably during negotiations.

This preparation allows sellers to make informed decisions, respond effectively to offers, and negotiate terms that align with market conditions, ultimately maximizing their chances of a successful sale. Understanding buyer interest also helps in determining negotiation strategies, such as whether to accept, counter, or reject offers based on the likelihood of finding buyers willing to meet their terms.

The other options do not contribute to effective negotiation preparation as they focus on unrealistic or counterproductive strategies.