By Caroline Chai
(RE/MAX Realty 100)
Since it is a buyer's market now, the most logical way is to make an offer based on appraisal value.Appraisal value is derived from comparing similar properties recently sold in the same area within past 6 months. You can obtain estimated instant valuation at Zillows and Yahoo, here's the links:www.zillow.com realestate.yahoo.com/HomevaluesSince value is only an opinion, most likely you will get different numbers. However, they will give you a good ball park idea of it's worth. Depending on how much you like the house and number of bids on the property, you can consult with your agent on how much to offer since you are now educated about the true value of the property.