In some neighborhoods it would be. In others it would not. If you have a Realtor working on your side in the transaction they could provide you with info on comperable sales in the area. If not, an appraiser could tell you the value of the home for a fee. If you are financing with a mortgage that would be part of the mortgage process. You should also have an inspection done and possibly a survey. If there is not a Realtor involved in the transaction, I would recommend a real estate attorney be involved for the purchase contract. You will also need to have title work done to ensure the title to the home is free and clear. Please contact me if you have additional questions.
Muhammad, that could be a reasonable price but it depends on the house and the neighborhood. If you have the address I can look it up and see what other homes in that neighborhood are selling for, etc. I'd love to help you with your real estate questions and needs. Contact me or any other realtor to get some sound advice on buying this home.
Julie A. Barnett
Prudential Indiana Realty Group
Could be a little high. Is there a basement? The recommendations from Julie are spot on. Email me the address to firstname.lastname@example.org and I'll do a comparative analysis, free of charge. You'll get data on similar recent and nearby sales.