Buying Tip: The Secret Science of Bidding Your opening bid ought to be based on two things: what you can afford and what you think it is worth. Make your opening quote something that's sensible and fair and isn't going to entirely offend the seller. You need to look at exactly what other houses have gone for in that community and you need to get an average cost per square foot. Sizing up a house on a price-per-square-foot basis is a great equalizer. Also, see if the next-door neighbors have plans to put up a new or something that might interfere with the property's value down the roadway.
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