Quote:
Originally Posted by Penglobal
Greetings -
I'm a newbie, renting and in the process of looking to buy a pre-owned home. A neighbor on my block has moved away and interested in selling me her home without an agent. The home is perfect for me and I'm trying to determine the right and (FAIR) price to pay the owner. I not trying to steal the house nor am I willing to throw money away.
How can I determine a cash selling price for the home in todays market that's both fair to me and the owner. ? Thanks !
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hire a state licensed real estate appraiser. I have bought and sold three properties here over the last 12 years and would not trust a RE agent. First, their only concern is getting your business and they will tell you what they think you want to hear. Second, I don't believe agents have access to the same sales, neighborhood, and area data as an appraiser office does. You would have to shell out a few hundred for an appraiser, but it is a sound investment.