Quote:
HE PRICE The home is, however, seemingly overpriced, even given the added ‘value’ of the Mr. Rogers neighborhood we like. $300k when the home sold 3 years ago for $270k. No improvements done, just maintained it very nicely.
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In some markets, only a $30,000 increase in price would be under pricing it. In some others, it may have declined in value. What the property sold for in the past, and what it may sell for in the future have nothing to do with the current market value. Forget what the owner paid for it.
What the home is worth, is what the current market value is. That is the only thing that counts.
If they are holding offers to review all of them this coming Friday, is an indication there are offers already made and some of them may have contingencies that are not as good as others. Some my be at a lower price. Some may be for hard to acquire loans. Some may be contingent or selling a presently owned home, etc.
This is not an unusual situation, and the sellers will select the offer that best fits their personal situation.
If you like the home, make your offer. Use as few contingencies as you possibly can. The clean contract is the one usually accepted. Use as close to offer date for a closing date, as you and your agent feel it is possible to accomplish as this is often the contract that is selected if the owner wants a quick closing. Don't make a real low ball offer, as this will not be accepted if there are other offers.