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How can I get the current value on a home not yet on the market so I can make an offer?

I am interested in buying a house that is currently a rental and not on the market.  I know the owner would like to sell sometime in the short term but the asking price when it was one the market privately about two years ago is overpriced I believe.  How can I find out the value of the home so I can approach her with a fair offer?  Should I get an appraisal of the home?
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September 10 2012 - Shepherdstown
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Thanks so much for the answer!  Truly appreciated :)
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September 11 2012
Call a few listing agents and ask them for a comparative market analysis, that should be your guide to make an offer.  Good luck!
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September 10 2012
It is a good idea to buy a house that you are currently rent because you
have lived there and understood more of the house condition and its neighborhood's situation.  

The latest house sold record or Comparative Market Analysis/CMA list
is the best way for you to see what kind reasonable price for your offer.  

You can get house sold record from Real Estate Professional, Newspaper, Website or County.  Hope you have a chance to buy it from landlord! 

  
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September 10 2012
 
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How can I get the current value on a home not yet on the market so I can make an offer?
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September 11 2012 | 3 answers
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