You may be putting the cart before the horse. First you want to buy a house that meets your needs. Is this one the right area, size, acreage etc. If this is "the" house that you are looking to buy, have your Realtor do an analysis of what is an appropriate price for you to pay. If you are not working with a Realtor yet, find one! You will need someone to help you with this purchase as well as the sale of your current property. If you are looking to interview someone, I would be happy to speak with you 302-562-0628 or call John from the previous answer. But do yourself a favor and call. Have a great day..............................chris

Hello,
Without seeing the property and comparing it to other sold homes in the area, it would not be possible to give you an accurate answer and would do you an injustice to try to give a yes or no at this point. Meeting with a professional realtor who has experience in studying and pricing homes accurately, and negotiating is recommended to inform you and protect your interests.

However in general, the market is down since 2006. For all of 2006 in the Greenville, Hockessin, Centreville area, the average sold price for homes (that settled in the $50k to $2mm range) was $556,906. Whereas the average sold price for the same range of homes from July 2008 through Feb 2009 was down to $490,602.

To peg the bid for your next home strictly on one home's sales price next door that sold in 2006, would be risky. If you would like an analysis prepared for you, please contact a professional realtor. Typically real estate agents do not charge to work with buyers (we do not), and therefore your representation is free - from finding a home with you, through negotiations (and re-negotiations after a home inspection if needed) - all the way through settlement.

Please let us know if you have further questions or would like a detailed analysis prepared for you (either on your home sale or purchase side). I work extremely Full Time (meaning overtime :)) to service my clients to make sure they get the homes and deals that they desire.

Sincerely,
John Luca - Licensed in PA, DE & MD
302-740-5872
302-999-6966
john@tristateteam.com
Full Time Expertise - Working Full Time for You!