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[quote=Anonymous][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]

NW DC is hot and sellers get multiple offers usually with no contingencies.

IF they are willing to sell to you ask their price / look at comps.

I would get multiple appraisals but they can probably get the top or more depending on location and state of the home.

If I sold my house now to a neighbor I wouldn’t have to clean and de clutter and I probably wouldn’t repaint (the outside has some areas we need to paint so we were going to repaint this spring), I also would offer as is, but share the work we have done.  I might give a slight discount but definitely not the realtor fee!  I would also look at comps and see how much more homes have been going above in the area (our home is move in ready all new baths and kitchen with high end appliances) and decide if it’s even worth it for me.

I’m not selling but a neighbors home in the last few months went for $400k over ask and it was tiny, a lot smaller than my home, less baths, and not as well done. [/quote]

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