Trulia Voices Real Estate Q&A in Manalapan

Sandeep
Home Buyer
New Jersey

We are interested in a home in Manalapan, NJ. The house is listed at 485K.

Mon Jun 30 2008, 13:28 - Manalapan - Home Buying - 3 answers

We are thinking of making an offer and wanted to find out what would be a good starting price for negotiation - we don't want to lowball too much but at the same time don't want to pay more than the current value of the home in today's market. Its a 3 bedroom single family about 10 years old in a nice development. Similar 4-bed room home sold for 455K in the same development.
Can you provide some guidelines.

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Answers (3)

FIRST: Susan Wesely

Purnima Talwar
Real Estate Pro
07726

Tue Jul 29 2008, 06:03

Have you made an offer yet? I'm a local realtor for Manalapan NJ and if you give me the name of the development I can guide you in the right direction, or even try to find you the best value for your needs.
Call me 908-770-5999

Web Reference: http://www.9realtor.com

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mortgagecompany
Real Estate Pro
San Francisco

Mon Jun 30 2008, 15:58

The simple answer is to take three reasonably priced homes in your area, add them up and divide by three. This can be your price point.

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Susan Wesely
Real Estate Pro
Saint Paul

Mon Jun 30 2008, 14:47

FIRST ANSWER

This is another "ask a local Realtor" question. The local Realtor can assist you in figuring out a good offer. You've made a start by identifying one similar property. The question is, how does that one differ from the one you want? ANd what other comparisons can you make? A Realtor can do a lot more for you, too - and it won't cost you anything additional. If you need a referral to a local Realtor, please email me at su@suwesely.com. Best of luck.

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