How do you figure out it's worth?
Our house has been on the market for 6 months and we finally have an offer. It's a low-ball offer and we're not thrilled but it's a start. Very few homes have sold near us in the past 6 months so our only comparables are for houses like ours currently for sale. How in the world do we figure out how much our home is worth so we can counter offer? Of course, our agent thinks the offer is a "good deal." This offer is 55K below our starting price and almost 100K below assessed value. We are not desperate to sell so we're not going to give it away.
We have 2 acres of wooded property with a 13 year old, nicely kept 2400 square foot house with a 2 car attached garage. We have a paved drive, very large fenced in rear yard, a 17X30 deck with an attached screened gazebo. We are 10 minutes from town. Our agent keeps comparing our house to houses 15-20 minutes out further, which are going for cheaper. Does location not have any value?
Needless to say, while we are encouraged that we have an offer, we are frustrated because it's difficult to put the information together to make a counter-offer.