For most people buying a home involves learning even if they bought a home perhaps 7 years ago. An experience agent will help you learn quickly and make a better offer than you could on your own.
Foster City real estate statistics at http://julianalee.com/foster-city/foster-city-statistics.htm
Recent Foster City condominium sales at http://julianalee.com/foster-city/foster-city-home-sales.htm
Give me a call and we can chat about the best steps for buying a home.
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Over 20 years experience
Over 1,000 homes sold in San Mateo and Santa Clara Counties
You may know that today was "offer day". All offer(s) were due at noon. If you have yet to submit an offer, the smartest thing to do is contact me. 650-921-9855. I can help you understand where the Seller is at in the process. If no offers present...well, forget $560,000, true?
Another great thing about this complex is with the tennis/pool and other amenities, the neighbors are great. The ground floor units have a huge private yard too
Ok, I just opened the MLS for a look. 10 sales in the last 4 months, 6 of those were distressed, and not one of them sold for over $463k. I'd like to cancel my previous prediction and say that, unless you're competing against other offers and HAVE to have that place, I wouldn't offer any more than $500k for it.
contact me if you'd like me to explain any of this in detail, or send you a data sheet with the numbers.
I'd honestly have to look at recent sales and see what an appropriate value should be, then let you calculate in your desire for the property (positive or negative).
However, all this goes out the window if you are competing against other offers. In the current Peninsula market, you'd be hard pressed to find anything around $550k that is a 3/2 with 1400+sqft. I'd frankly be surprised, with the current inventory shortage, if there weren't multiple offers on that place. When multiple offers occur around here, things tend to get out of hand.
If you are competing against multiple offers, I predict that unit will sell for around $650k... just based on the current activity and demand we are experiencing. If you don't LOVE this unit, I wouldn't compete against other offers for it. Something else will come along.
Hope this helps:)