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The Final Decision on Your Offer Price
Comparable sales
information helps you to determine a base price range for a particular
home. Adding in the various factors like property condition,
improvements, market conditions, and seller motivation help determine
whether a "fair" price would be at the upper limit of that
range or the lower limit. Perhaps you will feel a fair price is outside
of that price range.
The "fair"
price should be approximately what you are willing to agree on at the end
of negotiations with the seller. The price you put in your offer
to begin negotiations is totally up to you and depends on
your negotiating style. Most buyers start off somewhat lower than the
price they eventually want to pay.
Although your agent
may provide advice and guidance, you are the one who makes the decision.
The price you put in the offer is totally up to you.
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