The house i want is for sale for 160000, im renting it and living in it currently. how much should i offer?
If you really want the house I’d offer about 80% to 85% of what the property is worth for starters. Finding the true worth is the hard part. Forget about what they are asking, that has nothing to do with what it is really worth. Study the comp’s in the area, look at what is available now and look at recent sales. Also look at things like days on the market, how many are on local market and the demand for the area. I would also research the recent history of the house, the condition of the house and any defects and added upgrading costs you may face.
