Home Buying in Pittsburgh>Question Details

Jeff, Both Buyer and Seller in Florham Park, NJ

the listed price higher than the market value, how to understand

Asked by Jeff, Florham Park, NJ Tue Oct 28, 2008

I like one house listed price 70K, but in one piece of paper in the house said the market value of the house is 54K, I want to know what does this mean especially compared to the houses listed price is lower than the market value, and how much should I offer for this 70K house, will it be appropriate to offer 54K then, thanks,

Help the community by answering this question:


Market value is a relative term. Ultimately the sale price of any property is amount the buyer and seller mutually agree is a fair price to close the deal. I would recommend you find a local REALTOR and have them run a market analysis on the home you’re interested in buying. Your REALTOR will know the neighborhood, market trends and advise you on appropriate offer price. Offering $54,000 might be too high.
Web Reference: http://www.stynesgroup.com
1 vote Thank Flag Link Tue Oct 28, 2008
How are you detrmining market value?
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Tue Nov 11, 2008
Cindi Hagley…, Real Estate Pro in San Ramon, CA
You need to locate a Trulia agent in your area, therefore they can review and investigate submitting the correct offer on the property. Keep in mind you'll need to be approved by a lender submit an offer.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Oct 28, 2008
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