Property Buy and Sell Tips

Comparable sales is when you look at the recent sales of similar houses and is the first step in determining your offer price. You should specifically look at the prices of homes that have similar square footage, garage space, number of bedrooms and bathrooms, property size, and construction type. If the home you want to buy is part of a tract of houses, it should be easier to find exact models to compare with each other.

Analyzing information from comparable sales will help you establish the price range you should consider when you make an offer. You should place more weight on recent sales but you still need to do more analysis before making your mind up on your offer. This is because you also need to consider the property’s condition, the market, and the circumstances behind the seller’s decision to sell.

This entry was posted on Thursday, March 20th, 2008 at 12:41 pm and is filed under Buying. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.