As for comps, remember that sales even from September/October will be grossly misleading because we are now in a dramatically different market. Volumes are way down and prices are falling.
You have to understand that even though a Realtor's paycheck is a percentage of the sales price, as a buyers agent we are legally bound to do the best we can for our client. That aside, I have never met a realtor that would put a few dollars from 1 transaction ahead of the rest of their career. In this business, if we don't do the absolute best for our client, then we will lose that client, and any possible referrals we might have gotten from them.
We can only survive in this business, or not, by the quality of our work. Our reputation is everything! If my clients don't feel that I have done everything possible for them, then I have failed them. In no way do I work for the seller when I am representing a buyer. To the contrary, I do everything I can to squeeze every cent out of them.
To put it in perspective, this house is currently among the lowest priced,comparable, new construction homes, in Westport. During the past year, the lowest comp sold for $1,435,000.
If you would like more detailed information about the Westport market, I would be happy to speak with you.
Marilyn Katz, ABR, e-PRO
Prudential Connecticut Realty
272 Post Road East, Westport, CT 06880
203-429-1041 Voice Mail
It sounds like you don't have buyer representation. I would advise you to seek some out to assist you with this. As your agent, a buyer rep will do all the research on the house, and neighborhood. Only by evaluating all of the pertinent facts, including your financial situation, will you be able to make a sound, informed decision.
If I can be of assistance with the process, I would be happy to help