While your real estate agent’s advice is invaluable, trust your instincts when deciding on a fair price. Consider these factors:

•Recent sale prices of similar homes in the area

•The home’s condition

•Time the property has been on the market

•Financing terms

•The seller’s circumstances

By the time you’re ready to make an offer, you should have a clear understanding of the home’s value and your budget. Be ready for negotiations, as buyers and sellers often go back and forth to reach an agreed price.