I replied to him 20 minutes ago to his 4-day-old email, asking him to kindly share his price expectation with me. 5 minutes later I already had a reply with a price expectation, to which I won’t even respond anymore
Yes, but (substantively) not now. Emotions – no matter how understandable and justified – should be separated from business. By his behavior, he gave you a very valuable tip about what conduct he considers okay – you should make use of that: In the first step, you contact him back (promptly now), thank him for his offer (
completely without addressing its amount) and promise him you will "gladly take it into consideration." Then you offer the property. You name a price basis "negotiation basis" – my recommendation would be 115% of the price you consider appropriate based on the estimates, rounded (down) to the next reachable XX9,000. It is important not to mince words here, for example: "Please only contact me after you have spoken with your bank. Regarding ‘What is the final price, colleagues,’ I recommend another venue." For contacting you, use a separate mobile number for this purpose; prospective buyers should initially only send an SMS with [price expectation], [name], [their_email_address]. In step three, I would inform the neighbor: "I have received some offers significantly above your first offer. However, I also want to deal fairly with you and give you up to 14 days to express your continued interest by submitting a reasonably increased offer." Provided he knows your usual diction, of course you wouldn’t phrase it so bluntly. Afterwards, in your place, I would favor his last offer as long as it is not clearly more than five grand below those from the previously unknown interested parties. Pecunia non olet, and you’re not supposed to want to marry the buyer.