I am looking at a home listed for 799k. Similar homes in the same neighborhood that are in foreclosure are

Louise
Louise
Home Buyer
Fairfield, CA

listed at 679-699k. WIth the market value continuing to decline, what is a good price to offer for the home that is not in foreclosure?

Fri Feb 27 2009, 09:12 - Home Buying in 95688 - 1 answer
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Steve Ornellas: MBA, RE Masters, GRI, ABR, e-PRO, CMPS
Steve Ornellas:...
Broker
Fremont, CA
FIRST ANSWER

Hi Louise, a Comparative Market Analysis (CMA) gives you the best representation of market price/activity/trend direction - for the specific property details you search on. A buyer should look specifically at the targeted segment of properties that match their search criteria for the information to be meaningful, and in your case, arrive at an offer price.

Ask your Realtor to perform this for you.

Best, Steve

Web Reference: http://www.Steven-Anthony.com
Fri Feb 27 2009, 09:22
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