Comparable
sales information helps you to determine a base price range for a
particular home. Adding in the various factors like property condition,
improvements, market conditions, and seller motivation help determine
whether a "fair" price would be at the upper limit of that range or the
lower limit. Perhaps you will feel a fair price is outside of that price
range.
The "fair"
price should be approximately what you are willing to agree on at the
end of negotiations with the seller. The price you put in your
offer to begin negotiations is totally up to you and depends
on your negotiating style. Most buyers start off somewhat lower than the
price they eventually want to pay.
Although
your agent may provide advice and guidance, you are the one who makes the
decision. The price you put in the offer is totally up to you.
