Home Buying in 76244>Question Details

pbacon08, Home Buyer in Keller, TX

I am looking at purchasing my landlords home. How can I verify the asking price is right for current market conditions?

Asked by pbacon08, Keller, TX Fri Dec 21, 2012

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Answers

6
1. Yes, get a comparative market analysis from a local realtor. However, a realtor can make you a CMA in about 5 minutes, but a good CMA takes much longer.
2. If the price seems right, then you can proceed with the purchase and then on the Purchase Contract there is a clause 4A.1 that states you can get your earnest money back if the lender has a problem with the appraisal not being high enough.
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0 votes Thank Flag Link Wed Feb 13, 2013
Good Morning,

I also recommend contacting a Realtor for a comparable market analysis. Your Realtor can then help you make the decision to purchase, ask for a lower price or move forward to another home.
Good luck with your decision. If you need assistance, please give me a call, email or text.

Happy Holidays,
Pamela McMahon, Realtor, CHMS, ABR, SFR
Newton Realty Group
email: pamelafmcmahon@att.net
http//www.FrazierRealtyOfNorthTexas.com
0 votes Thank Flag Link Sat Dec 22, 2012
Get with a Realtor and have them pull the comps for the home you are interested in.

Shelly Sierra
RE/MAX Masters
Direct: 214-686-4865
http://www.SierraDFWRealEstate.com
Email: shelly@sierradfwrealestate.com
0 votes Thank Flag Link Fri Dec 21, 2012
I guess you would have to define what YOU consider the "right price":

What do you consider "current market conditions"?
Is your Landlord "distressed"?
Is it a Shortsale?
Do you recognize that the Market is going up?
Do you know what the Market Value of the home is?
A Realtor can answer these questions.
0 votes Thank Flag Link Fri Dec 21, 2012
Do NOT trust zestimates on Zillow or any other website. I recommend you consult with a Realtor® as well as having an appraisal done.
0 votes Thank Flag Link Fri Dec 21, 2012
Good Morning
There are 2 ways that I can think of off of the top of my head you can check with Zillow, they track that information, or you can contact a Real Estate Agent. I would be happy to give you a CMA.


Happy Holidays

John Straub
Keller Williams Realty
817-729-4281
john@dfwfamilyrealty.com

http://www.dfwfamilyrealty.info
0 votes Thank Flag Link Fri Dec 21, 2012
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