It Also Does not matter what the seller owes.....

This is a follow-up to my blog two days ago about the fact that it does not matter what the seller paid for his home....

It really does not matter what he owes either.  We are not privvy to his personal finances and what he owes has nothing to do with what he is willing to sell the home for.  What is your reason for asking these questions?  Are you trying to divine the lowest price you can get him to accept? Believe me, the answers to what he paid or what he owes are only going to mislead you. 

Comps are the magic numbers to get you to a closing along with the negotiating skills of your realtor.  If you are serious about a certain piece of property then sit down with your agent and do the math.  If every comparable home on the block has sold in the mid $300's then you are not likely to get it for $220 just because you have ferreted through property records and think you have found the seller's bottom line unless it looks something like this......

I encourage buyers to spend more time paying attention to the lifestyle that the neighborhood offers, the floor plan and if it is suited to the way they want to live, the location in the neighborhood and the factors that are going to affect them every day that they live in it.  It's not a good deal if the only thing attractive about the home was the price!

Please take a look at my blog http://activerain.com/action/blogs_admin/write/3685548