I am very interested in a house for sale in massachusetts where I presently live. The house is like a raised ranch style with 4 bedrooms,3 bathrooms and a half an acre of fenced in property. It does not need much except a good interior painting. The asking price is 252,500 with $2000 back from seller if there is an accepted offer by March 16th 2007. I need to know what I should offer for this home. It will be the first I have ever owned. It has been on the market for at least 5 months and a relocation company is handling the sale. Can someone help me ? The house is 1224 sq ft not including the finished family room w/fireplace and bathroom and bedroom downstairs, so I would guess that would make the sq ft to be around 1700 to 1800 sq ft. Can anyone help me figure out an offer?
2007-02-12 11:38:37 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
go to www.zillow.com
enter the property address and they will do the comps for you.
2007-02-12 12:13:29 · answer #1 · answered by Insurance Biz CT 5 · 0⤊ 1⤋
What are the sales comps showing?. Perhaps you can have a local Broker/Agent assist, pay them an hourly rate or hire an appraiser. If the home is listed with an agent/Broker have them supply the sales comps. Use Sold listings, not actives or pending but actual solds ideally within the past 6 months.
Good Luck
2007-02-12 12:02:18 · answer #2 · answered by Jimmy 5 · 1⤊ 0⤋
I am not sure about the property value in the community of the property, but from what I know of Massachusetts, if the building is sound, pay the asking price. DON'T HESITATE!
If I had a half acre around my property, PENNSYLVANIA, I would list for $600,000. At this time I have half that amount of ground, and the property value is over $300,000.
2007-02-12 11:58:17 · answer #3 · answered by whatevit 5 · 0⤊ 0⤋
Janie, get a realtor to represent you. This is important. The relo co will pay a commission to the Agent.
Best of luck,
2007-02-12 12:17:04 · answer #4 · answered by Anonymous · 1⤊ 0⤋
It is in your best interests to use a local agent to represent you. They know & understand the market, and will be best able to guide you.
2007-02-12 12:41:44 · answer #5 · answered by cottagstan 5 · 1⤊ 0⤋