Dave Buoncristiani

First, know that the listing (or asking) price of a home is not the same as its value. Your offer-price must be determined on a house-by-house basis. There are two primary components to determining value. First is to look at 'comps' (comparable homes in the area that have recently sold). Homes are unique so you'll want to adjust the value of the comp to get a more similar comparison to the subject property (the home you are considering buying). This will give you a good approximation of the subject property's market value. A good Realtor who knows the area can help you with this. Second is personal, you may choose to increase or decrease your offer-price depending on your needs and preferences. There are different considerations to take into account when you are buying a single-family home vs. a condo or some other type of property. For example: single-family homes are more self-contained and usually don't have a Home Owners Association. This offers the homeowners more flexibility as to what they can do to the property. Condos and or Town homes on the other hand will have a Home Owners Association which controls much of what can be done to a property. To be great. first love what you do. Dave Buoncristiani Frank Howard Allen Realtors (415) 899-9238 Dbuoncristiani@FHAllen.com - Mon Apr 23 2007, 15:51