Napa Homes for Sale: Seller's Asking Price

One of the best ways to determine how much a home you're looking for is really worth is to look what other comparable homes in the neighborhood are listed for and prices of homes that have actually sold. This is one of the most reliable indications of the homes now you.

However there are other factors to consider. In some cases these other factors can give you a factual reference in negotiating with the owner. In other cases they can give you an emotional edge when negotiating. Hopefully this information will help you come up with a win-win situation for you and the seller.

How long has the seller been living there and how much did they pay for the home? Depending on what the real estate market is doing in the area the current value could be higher or lower in what the seller paid. If you are armed with the facts you can help educate the seller about home prices in the current market if they're being unrealistic.

What have other comparable homes the neighborhood sold for? As mentioned in the beginning this is one of the best ways to determine selling price because this is one of the ways that bank appraisers determine value.

How much does the seller all on the property? If the seller owns the property free and clear they may be more flexible and may even offer you terms terms, especially in a slow market. However if the seller owes more than the property is worth it came really complicate the situation in the seller may actually have to pay the bank money on home sells.

How long has the home and on the market? The longer the home is on the market, the more of an indication that the home is priced too high or the market is soft. Either way this increases the odds that you will be able get the home of a lower price. One of the key factors is how soon the homeowner needs to sell.

Have there been any offers on the home? How much worthy offers? If the home is been on the market for only a short time and has generated multiple offers, this is a good indication that the home will sell pretty quickly and most likely near the asking price. However if the home has been on the market for a long time and has not received many offers, then the seller may be much more flexible.

Getting this valuable information may not be easy to do on your own. That's why it's usually good practice to use a professional real estate agent who has the source says and contacts to be able to provide this information to you. Don't forget you can also look for Napa Homes for Sale.