MAKING A PURCHASE OFFER Several factors influence the market value of a home, and your agent plays a crucial role in providing the insights and information necessary for you to confidently make an offer.
Considerations include: How long the home has been on the market
Why the seller is selling
If the price has been reduced
If there are multiple offers
Other items that might be included in the sale (furniture, hot tub, etc.)
Whether the seller is offering an assumable loan or financing
How much the home is worth— your agent will provide a comparable market analysis (CMA) showing the list and sales prices for similar homes in your area
The "list to sale price ratio", an indication of how competitive the market is for homes in this area