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Current It’s important to determine how much a house is worth before you make an Offer to Purchase. Don’t let the emotions that come with buying a home harm your bargaining power. The seller will want to get the highest price. You will want to get the lowest price. Competition from other buyers, “well-priced” property, days on market, property listing history, current market status (buyer’s market? seller’s market?), inventory, and adverse influences all play a role in your negotiation process. A good place to start is with “comps” (comparative market value) that have recently sold. If you are using a Buyer’s Broker to buy your home, he/she will conduct a property value study in preparation of writing your Offer. If you are not using a Buyer’s Broker, you will need to do your own homework. You can take advantage of a number of commercial services or free reports (see |
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The Buyer's Broker Co., Inc. |
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