The best (and only way in my opinion) to understand the best offering price is to have a local real estate agent (although not trying to sell you - we would love the opportunity) run a current competitive market analysis and tell you where the probable appraisal will wind up. This is a great way to find your probable sales price giving you the best offer possible without going too much under or over which might cause you to lose the bid right away.
I would stay clear of virtual website values such as google, realtor.com, trulia, and zillow (although I personally love the websites for other reasons) as their values are often skewed and lacking real information.
Hope this helps. If you feel like surfing the web, feel free to search the Las Vegas MLS in real time by using the link below or accessing the mls from our homepage at http://www.theballengroup.com
It doesnt matter whether the house has been empty or occupied or on the market for long...what you have to look at the condition of the house and location and then compare the similar sold properties in that area to write the offer. Check what percentage the value is depricating on the market so that you can lower your price according to that from the current market price. Work with an agent to help you to write the best and strong offer for you...good luck!
Good luck, Dunes
Low ball offers many have no response from lenders. Bank can hold onto home till sales offer their anticipated amount.
MANY forget banks have to pay expenses at closing:
Realtors fees, asset mgmt feets, closing costs, prep work, legal fees, clean up costs, securing property.