Hi Barnes, you do not tell us if you are working with an agent. If you are, good for you. You now have access to some of the greatest information in the world. Also, if you are working with an agent, more than likely, they want to advise you correctly. If you were working with me, I would have you do the following: Look at at least ten to 15 homes in the near vicinity of the one you want to buy. Look 50-100k higher and 50k lower. You will be able to rate your homes approximate ASKING price value in just a trip or two. Once you have that, look at the sales in the last month, two months, three months or even six months ago. You want to look at enough to figure out what the current market is. If none have sold in the last month, then extend the search back until you get a decent data base. Compare plums to plums. If you are still nervous, then check out some of the contingent and pending homes because these will be sales in progress you can bounce against your home. Keep in mind, the list agents on these homes will not likely tell you what the offer was for, but, it will give you an idea of what asking price is selling and how those compare to the one you want to buy.
If you are working without an agent, you have a lot of work in front of you. If you are buying a FSBO, I suggest you hook up with an agent as most FSBO's will pay a commission and you will be in a much better situation.
If all else fails, go to a title company and pay them to do a quic search for the neighborhood you are looking at. Dave Atherton, Deer Park (Spokane area) Washington.