No two homes are identical. Once you have a "ballpark" from comps, you must adjust for the specific condition of the home in question.
This essay outlines the core components of pricing a house: analyzing comparable sales, adjusting for property-specific factors, and navigating the current economic climate. 1. The Foundation: Comparable Market Analysis (CMA) how to price a house to buy
If the home requires immediate repairs (e.g., a new roof or HVAC), these costs should be deducted from your offer price. No two homes are identical
While not the only metric, this helps standardize values across properties of different sizes. 2. Adjusting for Condition and Upgrades adjusting for property-specific factors