What other homes are selling for in the area will give you a better idea the market value and maybe the offer you would like make on the property. Knowing the market value of a home will also prepare you for your loan appraisal. Values are fluctuating monthly right now. Some up some down. It is what you fell it is worth but it is also a loan to value issue if financing a home, which most people do.
I grew up in Woodlynne ,of course I am now 51, It was a close town where everyone knew everyone and their business. I mean that to be funny and serious.
You have to remember, you do not have to offer what the owner is asking. You can view the property and determine what the property is worth to you. You would then make an offer to purchase. If the owner accepts your offer, or they can make a counter offer that you can accept, then we move onto the next step....the sales contract.
However, if neither you nor the seller accepts an specific offer, there is no deal. That is the way the market prices are set. Where there is an agreed upon price that the seller is willing to sell at and that the buyer is willing to buy for.
I can't speak for either the listing agent nor the seller as to why they selected that specific price at which to list the property. All I can say is to look at the property and make an appropriate offer for it.
Real Estate Consultant
ReSales & Investment Realty, LLC