Keeping in mind how hard home loans are to get . I think some of the homes for sale here are a bit over priced.

Asked by Jesse, Saint Joseph, MO Mon Jun 13, 2011

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Dan Tabit, Agent, Issaquah, WA
Mon Jun 13, 2011
Jesse,
Seller's still want all they can get. Values have dropped and some sellers are having a hard time accepting this. On the other hand, many buyers are missing out on good homes by assuming that sellers will accept anything offered. My advice is to find a home you like in a price range you can afford and with the help of a good agent make an offer. You will get it accepted, rejected or countered depending on many factors.
List price is just a place to start. Some listings are overpriced, but others that are well priced do sell quickly. Best of luck.
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Shanna Rogers, Agent, Murrieta, CA
Mon Jun 13, 2011
Hi Jesse,

The only way to know if they are over-priced is to have your Realtor do a Comparative Market Analysis (CMA) on the property(s) you are interested in to calculate market value. Have your Realtor use Sold comps within a 1 mile radius of the property (the closer to the property, the better) that have sold within the last 3 months. This will give you market value and you can base your offer on that.

Keep in mind that in today's market, many sellers owe more on their homes than their market value and will list them high hoping to avoid doing a Short Sale.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
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