Other Factors Influencing Your Offer Price
Gathering and analyzing information from comparable sales helps to establish the range of prices you should consider when making an offer to purchase a home. Most weight should be given to the more recent sales, but even so, you need to do a bit more analysis before settling on the price you will offer. This is because you also need to consider the overall condition of the property, the improvements, the current real estate market and the circumstances behind the seller’s decision to sell.