The primary question is: "What's the fair market value?" Then adjust that number by how much (or how little) you want the property. Get the comps on the property, and begin there.

"... 6 months ago, the seller has the following he paid for closings costs, mortgage, insurance, tax, home improvements, closing costs again, realtors fees. Plus the hope of making some profit."

And why is this the new buyer's concern at all?

Mr or Ms HAwkins,

The Fair Market Value is what it is. Regardless of what it was bought for 6 months ago, what is it worth today?

And if a real estate agent or a lawyer or doctor or truck driver bought it, so what?

Get with a real estate agent of your own to do a Comparable Market Anaylsis (CMA) and see what the market says it is worth.

Good luck!

Dominick

Buyers forget a few things 6 months ago, the seller has the following he paid for closings costs, mortgage, insurance, tax, home improvements, closing costs again, realtors fees. Plus the hope of making some profit. Add those items up http://www.lynn911.com http://www.homes-for-sale-dallas.com