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Real Estate
Reply to "Determining price for off-market sale"
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[quote=Anonymous]We have a neighbor selling this spring (we currently rent) and they've reached out to let us know. If we can do this off market without an agent, what is a reasonable way to reach a price that feels fair for both sides? A couple of ideas: 1) Get 2-3 professional appraisals and take the median/average; 2) we write down a price we'd pay / they write down a price they'd take, and we split the difference if there is overlap (if not, repeat until there is); 3) Given we'd collectively save $60-70k in realtor fees (this is NWDC), split the difference between redfin/zillow estimate and tax assessment? Those approaches may seem crazy, open to suggestions! [/quote]
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