BuyingAHome-JenniferChristenot

too low. But ethically, real estate agents cannot tell buyers
an exact dollar amount to offer on the home. Buyers are
given the listing that includes the price and determine on
their own whether they should offer the full asking price, or
whether they should go a bit above or below it. Often the
choice seems very simple. If the buyers are in love with the
home and are happy paying the asking price, they will. If the
buyers could see themselves there, but think the seller might
have overestimated the value, they can offer a little less. But
sometimes, the answer is just not that simple.
For example, what if you do love the home and would happy
to pay the full asking price, if there wasn’t all that work needed
in the basement, or on the roof. While you might want to
offer a bit lower than asking, you might not know how much.
Because the agent can’t tell you directly how much to offer,
you’ll need to know some other questions to ask to get your
answer.
The best question you can ask is for prices of “comps,”
comparable homes that are in the same neighborhood,
and are similar in size and structure. If those properties have
already sold you can ask what they sold for, and even for price
ranges of multiple homes in the area.
Another great question to ask to get an idea of the home’s
worth is to ask how long the property has been on the market.
If it’s been listed for several weeks and hasn’t seen a lot of
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FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT