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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.
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