Jeff, Both Buyer and Seller in Florham Park, NJ

the listed price higher than the market value, how to understand

Asked by Jeff, Florham Park, NJ Tue Oct 28, 2008

I like one house listed price 70K, but in one piece of paper in the house said the market value of the house is 54K, I want to know what does this mean especially compared to the houses listed price is lower than the market value, and how much should I offer for this 70K house, will it be appropriate to offer 54K then, thanks,

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Tom Stynes, Agent, Cupertino, CA
Tue Oct 28, 2008
Market value is a relative term. Ultimately the sale price of any property is amount the buyer and seller mutually agree is a fair price to close the deal. I would recommend you find a local REALTOR and have them run a market analysis on the home you’re interested in buying. Your REALTOR will know the neighborhood, market trends and advise you on appropriate offer price. Offering $54,000 might be too high.
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The Hagley G…, Agent, Pleasanton, CA
Tue Nov 11, 2008
How are you detrmining market value?
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Dallas Texas, Agent, Dallas, TN
Tue Oct 28, 2008
You need to locate a Trulia agent in your area, therefore they can review and investigate submitting the correct offer on the property. Keep in mind you'll need to be approved by a lender submit an offer.
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