Summary
Deciding what price a buyer should offer on a home requires many considerations. Here are some recommendations I provide my buyers:
You should approach the offer price in the same way an appraiser approaches establishing market value. If you are financing the purchase, your lender will require an appraisal be completed. Therefore, it benefits you to take into account many of the same factors as an appraiser, so your final purchase price is at or below the appraised market value. Remove emotional considerations and concentrate on the quantitative facts.See the full content of this document
Extract
Advice for Buyers Making an Offer
Review comparable closed sales in the area. Look for homes that have sold within the past three to four mon...
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