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Answers (4)
Best Answer
- fastest2
- Contributions:9
you can do comparables (comps) to figure out if the price reflects the current market value.
If you're working with an agent they should have offered to provide this info for you without you having to ask.
Check to see if your county provides online sales information (many do). That is an easy way for lay people (non-agents) to research sold prices.
then of course, you need to know about upgrades and such. But, it will give you a good idea just seeing the sold prices.
If you're working with an agent they should have offered to provide this info for you without you having to ask.
Check to see if your county provides online sales information (many do). That is an easy way for lay people (non-agents) to research sold prices.
then of course, you need to know about upgrades and such. But, it will give you a good idea just seeing the sold prices.
- Marshall Ford, "marshall.ford"
- Contributions:15
I checked public records for you. The house is owned by Fannie Mae. Looks like a foreclosure. In 2007 the house sold for $200,000.
Nobody says that you have to offer what they are asking for. Get a Realtor, see the house and make an offer.
Marshall
Nobody says that you have to offer what they are asking for. Get a Realtor, see the house and make an offer.
Marshall
- yfalade
- Contributions:19
Compare homes in same neighborhood and same characteristics. Find out if any renovations or recent upgrades. justify the price difference. Find out if past sale recorded was part and not the full picture of total records. Find out if last sale was arm's length.
- Sam DeBord, "SeattleHome.com"
- Contributions:3472
Past sales could be in-family sales, auction sales, etc. Compare the homes to other homes' recent comparable sales and see if the value holds up.
How is it that this home last sold for $40k and now it's being sold for $175k Why the big difference
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