You need a good Buyer's Agent to work with you to determine the the market value of the home. He can do a Comparative Market Analysis and let you know. You may be able to purchase the home at a good price by working with your landlord who knows you.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246
While you can possibly get a good deal by purchasing a private deal by negotiating with the owner, I recommend that you hire a Realtor to represent you.
The market value is not the only consideration in the purchase of the home. An licensed agent, and even better a Realtor, can assist you throughout the entire process including but not limited to the negotiation, obtaining HOA if there is one, helping you estimate costs of repairs, review title work, etc.
It is always best to have an experienced agent or Realtor there to help you navigate the now 16 pages of the purchase contract as well as the number of addendums that are in place to protect buyers/sellers.
I am a licensed Realtor in the Parker area and would be happy to assist you if you are still in need.
I do not see this home listed in the MLS, so I am guessing it's a private deal you are hoping to put together with the owner/your landlord. While you certainly can negotiate and handle this all on your own, I would strongly recommend you hire a Realtor to represent you. That Realtor can tour the home to come up with the accurate market value and guide you through the entire transaction (from title review, to obtaining HOA docs to negotiating inspection items, etc) Having a buyers' agent doesn't cost you a penny and saves you a mound of headache. Regardless of which route you decide to take on this, you really should have an experienced agent tour the home in person to give you the best idea of the value.
Cherry Creek Properties
Chae H. Bae - Managing Broker
Professional Realty Group
4380 South Syracuse Street Suite 309 I Denver, CO 80237
Direct: 888.554.0144 I Office: 303.351.5500 I Facsimile: 303.333.2447
cbae@PRGOnline.biz I http://www.PRGOnline.biz
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