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Suggestions in How to
Determine Your Offer Price
These factors will
help you to determine a fair offering price for the purchase of the home.
1) Check out recent sales of similar
surrounding properties to come up with a general price range. (see
Comparable
Sales)
2) Analyze any additional data available about the home such as condition, improvements,
current market conditions, and any other circumstances the seller may have (for
example - do they need to have it sold within 3 months to
transfer out of state for their job?).
3) Leave room for
negotiations - You may feel you have submitted a fair offer but will the
seller? Perhaps you will meet somewhere in the middle!
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