This isn’t a question that has only one answer. There are so many factors that go into pricing a property, and knowing the value of a property. This is something you should really look to your agent for guidance about. The agent will look at days on the market, comparable sales in the neighborhood and surrounding area, the current market specs (average days on the market) , and the plusses and minuses that the particular property has to offer. For instance the size of the lot, the location within the neighborhood, the updates and upgrades that property has, or doesn’t have. It is important to trust the guidance that your agent offers you…we want you to get the property for the best price you can, but we especially don’t want you to lose your dream home by coming in with a less than strong offer.
Posted in: FAQ for Buyers