It must be priced OK since someone has made an offer on it and got it accepted.
In the future, you should consider the services of a buyers agent. It is their job to interpret the market for you and give opinions as to pricing etc. This is generally free of charge to you but does require a contract.
If you are working with the agent who has a listing or working with an agent without a buyers agency contract that agent is working for the seller and is under no obligation to do any more than provide comparable properties (that will most likely favor the property you are interested in) and leave it to you to interpret the numbers.
Hiring a buyers agent can save you a lot of time and money.
Good luck to you!
First Weber Group
You have received alot of very good information from some fellow Realtors. As I tell my Sellers- the value of your home is in the eyes of the Buyers. They determine what the "market value" is on every property. A home is worth what someone is willing to pay for it.
Therefore, to make sure that you are able to weigh all your options and have access to all the facts- you would be wise to work with a Buyer's Agent. Not all agents charge a "fee" for Buyer Agency representation.
I have never charged a fee, and don't plan to. I work for FREE until I am successful in getting my clients to closing on the home that they have determined best fits their needs. I am paid through the listing broker - not by my Buyers.
There are many qualified Realtors here to help you. Take the time to talk with them.
All the Best to you!
The advice I like to give is to imagine having the house in one hand and the list price in cash in the other. Which one weighs more? By how much? You see, it's sellers with homes and buyers with money that determine the true value of anything. A buyers agent will provide guidance in what to offer and then apply their negotiation skills to get you as close to what you want to pay as possible. Some houses are price very well, but that does not mean you can't offer less to get an even better price. Find an agent who is well-versed in the area where you are looking. They will know the neighborhoods, the schools, and price ranges. Many times they have already been through the houses in the area and can save you some time by pointing out the exceptional values. It helps to find someone who grew up where you are looking (shameless plug!).
For your second question what agents charge are as individual as the agents themselves. We all get paid by the seller with the permission of the buyer for whom we are working. My personal policy is that I don't take money out of my buyers' pockets, they're already making the biggest purchases of their lives.
To find an agent you can call various offices in the area you want to buy and talk to the one who picks up the phone, you can interview agents at open houses, get referrals from friends and family or take a look right here on Trulia - you have three (well, 4 - Sally and David) great agents answering your questions!
I wish you luck!
First Weber, Brookfield
Brad Koenig, ABR, CRS, GRI, E-PRO and Kati Hatfield Client Care Manager
Your Local Home Team, LLC-First Weber Realtors
http://www.YourLocalHomeTeam.com Search for homes in the area!
262-364-3404 Direct Fax
Proudly Serving Southcentral Wisconsin with Referrals from our Clients
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We were actually asked for a fee of $500 for doing buyer's agency by one of the agents from Remax. Is this a fair practice?