buying your home
How Homes Are Priced
When you find a home you want to buy, it's time to negotiate a sale price with the seller. How is the final price for a property determined?
It is simply based on what the seller wishes to charge.
It is solely based on what the buyer can afford to pay.
It is based on many factors, including the buyer's and the seller's needs, and the prices for which other homes sold in the same geographic area.
The correct answer is "C". Homes can sell for whatever the buyer and seller decide. Your realtor or real estate attorney can help you come up with an appropriate first offer purchase price. Once you submit a price, the seller may make a counter offer. This negotiation continues until you both agree on a price, or until one of you walks away from the sale.