Monday, June 26, 2006
The first factor to be taken into account is the advertised price of the house. Intentionally some sellers overprice and some others ask for pretty close to what they hope to get and some other sellers underprice their houses in the expectation of attracting a flood of potential buyers who will contend and overbid. We have no obligation to sell the house at the advertised rate. The second factor that has to be considered is the price that you can be able to afford. An important thing to be noted is that while figuring out the cost of the house, be sure to factor in your share of the closing costs and the final factor to be considered is the prices for comparable houses.
