Even if you're buying directly from your landlord, it would be in your best interests to have the services of a buyer's agent. An agent can run comps for you and, based on recent sales, let you know the market value of the home you're considering.
While I have no idea where the townhouse is located, $400K sounds like it might be high based on the values of other townhouses in that zip code. Please contact me for more information. Thanks!... more