We don't need to get a loan; how can we evaluate $value of home?We are first-time home buyers, who have enough saved to actually pay for a reasonably priced home in the Syracuse, NY area. After looking at various homes, our agent - a personal acquaintance - showed us his home, which is going to be on the market (not yet listed). He offered it to us at a "special" discount (more than 10K less than the amount he said he will list it at) because he is anxious to sell it, get the equity (and... we are known to him). It is actually the house we liked the best - and he knows we are interested. Inside, he's done amazing renovations: completely gorgeous kitchen, new half bath, new furnace, water heater, etc. (all of which made it v. attractive to us). Of course, we will get an inspection done. The house has some minor problems: concrete on path leading up to front steps is damaged; small garage is not well-maintained/siding falling off/more of a shed); some exterior/interior painting needs to be completed. The roof will need replacement within 2-5 years (agent says projected price took this into account). Since we are not from the US, this whole process is unfamiliar to us. Will you please give us some pointers on how best to proceed? I want to know if we can get an evaluation on the house's value, if we do not get a loan from a bank. It's difficult to know whether the value we are being offered is a "real" reflection of the market value for a home in that area, given all the renos he's done. Not many sales in the area in recent times (SYR economy is never very stable). A few homes (about 5 of them) in the area (close to SYR's small 'downtown') have been renovated and sold for 180k-210K. The rest, if we look around, are all >100k, but sold a while back, and probably didn't have updates. Zillow shows that he purchased the house a year ago at $97K and added the updates.April 23 - Near Westside00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.