Quote:
Originally Posted by SvilleKid
He got close to what I think is THE most important issue: MARKET VALUE!
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In a static or depreciating market it's hard to pin point "market value".
The best way to figure out what you should pay will be based on a home inspection, appraisal, and a comparative market analysis of other properties with similiar features. If there are any issues that arise from the inspection then deduct it from the price you are willing to pay and add or deduct any features from the property you are interested in to the ones in the CMA. Then take note of what the selling price was and the listing price. Determine what the % of the listing price was actually paid. Hopefully your agent has already informed you about these tools and again good luck.