Buying a Home – How Much Should You OfferBy comparing properties currently listed for sale, pending sales and recently sold, one can develop a general or relative sense of a properties worth. This can be deceiving however when taking into account some important factors such as the location of the property, its condition, market conditions at the time, and what the terms of the sale may have been.
The real estate market is dynamic and fluid; at times, the modulations are quite noticeable at other times quite subtle. Shifting economic conditions, the ebb and flow of supply and demand and the changing desires of consumers can all have a significant impact on the state of the market.
Whether you are buying or seller a home, your real estate agent can prepare a Comparable Market Analysis (CMA) for you to determine what the market conditions are at the time of your purchase or sale.