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Asked by Lisa, Clinton, CT Mon Nov 12, 2007

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Maureen O'Gr…, Agent, Essex, CT
Fri Nov 16, 2007
This is a reasonable offer. Most sellers and buyers expect to negotiate. Your Buyers agent should have done a CMA on the house for you prior to your offer however keep in mind that what a home is worth to you does have an element of intrinsic value so there is no magic bullet for picking the correct price.
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Carl Guild, Agent, East Hampton, CT
Mon Nov 12, 2007
That depends on alot of factors. If your working with an agent, they should have done a market analysis of the home to figure out a good price to offer. Also it depends on what is included and other terms of the offer like possesion terms, etc.. I sincerely doubt it is too much because the home is being offered for 399K. If it is listed with a Realtor, they should have also done a market analysis. If your offer is accepted, hopefully it has a mortgage contingency clause that states the home must appraise for purchase price. This will also protect you. Good luck and I am always available if you need further help. 860-539-5373
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