Your New Home: What to Offer for It - Motley Fool - MSNBC.com

Your New Home: What to Offer for It - Motley Fool - MSNBC.com: "How should you go about deciding what price to offer for a home? Well, first off, look up the going prices for similar homes in the same area. Your agent can be a valuable resource here. He or she should be able to provide information on comparable sales prices for the area.
Next, determine how 'hot' the local market is. If demand for housing is high (sometimes referred to as a 'seller's market'), you won't have too much bargaining power. Homes priced reasonably will sell quickly, for a price close to the asking price. In some super-hot markets, homes may sell above the asking price, as buyers compete with other buyers. In a slow-paced market (sometimes referred to as a"
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