What the owners paid for the house is irrelevant.
When the owners bought the house is irrelevant.
The age of the house is irrelevant.
The needed fix-ups are relevant only when you know what the house is worth. Otherwise, they're irrelevant.
How many houses you've bought is irrelevant.
What you like or don't like about the house is relevant only when you know what the house is worth. Otherwise, that's irrelevant.
See a pattern here?
Hope that helps.
I can only echo Anna's reply to your question. "Keep in mind that whatever the current owner paid for for the property has no bearing in today's market; therefore you really should review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and go from there."-
for your reference, but the best way is hire a Realtor
who can give you recently sold/sale pending prices
in your area.
Cindy Wang Do Yim, Broker/Owner
http://cindyyim.topseller.net/ (For All MLS active listings, click to Search for Homes)
Cindy's Residential & Commercial Realty
We would be happy to help you with that since we have worked with homes in and near this area.
Team Gauze, Inc.
If you don't care, go ahead and offer $377,500. But please pay your agent for wasting their time.
If I were representing the seller, and the home represents a good value, I would advise the buyer to kick your low ball offer to the curb and wait for 'the' buyer. With decreasing inventories, sellers are not in the bind they were in just 18 months ago.
What should you offer? Look at the comps, adjust for tangible imbalance, evaluate average discount, then have your agent write a offer with as few contingencies as possible.
I work the Seymour IL market and would be happy to to provide you with a CMA. Let me know if I can help.
(Your thumbs up to my answer would be greatly appreciated!)
Your real estate agent can prepare a Comparative Market Evaluation for the property you are thinking of preparing a proposal. Review the comparable homes for sale and sold properties to come be able to assess the current market value. Also it is helpful to find out how long the home has been on the market? If itâ€™s been for sale for a while, the seller may be willing to accept a lower offer.
Prudential California Realty