How does a buyer decide what price to offer on a Franklin, MA Home purchase?confused

This may seem like a difficult question to answer but it is actually quite easy...  Your buyer agent will sit down and review the most recent comparable sales with you prior to your making your offer.  Realtors use much of the same methods to determine a fair market value for a Franklin, MA home as bank appraisers would.

  1. Living Space--the approximate living area of the home is key to determining value
  2. Age--year built but have there been many updates
  3. Condition--how does this home compare to others that are similar in age and living space
  4. Location--is the home on a main road or a side street; are there negative factors such as power lines

Once all of these factors are weighed against the other similar homes a price range will stand out.  Sometimes home are more difficult than others to assess due to their unique qualities but a close approximation will be determined.

What Does Not Affect Fair Market Value:

  • Assessed value from the town record
  • What the seller had paid for the home
  • the dollar value of the updates done by the seller
  • public vs. private utilities

If you are starting a home search and need help making sense of it all, please give me a call at 508-369-5131 or email franklinmahomes@comcast.net.  I can help make for a smooth and enjoyable process... Just ask my long list of happy buyers and sellers.

 

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Kathy Stankard of Coldwell Banker Residential Brokerage can beCB logo reached by cell at 508-369-5131 or via email. 

Kathy has been a top producing REALTOR for the past 15 years helping buyers and sellers in the Franklin, MA and metrowest of Boston area.  Feel free to check out her website for more resources and information.

 

 

Franklin MA Real Estate News

 

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Kathy Stankard & First Time Buyers,Relocation

Franklin, MA

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Coldwell Banker of Franklin, MA/508-369-5131

Address: Franklin, Wrentham, Norfolk, Plainville, North Attleboro, Holliston, Hopkinton, , Bellingham, Milford, Ashland, Framingham, Franklin, MA, 02038

Cell Phone: (508) 369-5131

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Real estate rants and advice on the Franklin, Massachusetts and the metro west of Boston area. Stop by often because you never know what resources or tidbits you might find!


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