Extreme anchors, how extreme is extreme?

[Jo Kinal]

When choosing an extreme anchor and making an offer, how extreme is extreme or is this a bad strategy for purchasing residential real estate. People can get quite ticked off. For example on a 250k house you want to rent out, do you just pay the 250k or do you try to negotiate a much lower price if you need to get to your 1% rule or as close as you can?