Sellers and buyers will both benefit from having a better understaning of where a home fits into the overall pricing structure of a community. As a buyer by following these simple guidelines you can increase the likelihood that the offer you make will represent a good value to you, and if a seller you won't be inclined to turn down an offer that you should accept.
First- Have your agent provide you a list of all of the homes like the one you are considering, that are either under contract, or that have sold within the last 3-4 months.
Second- Upon review you will begin to notice that they can be arranged into three categories. Let’s call these categories A, B and C. Now separate each of the properties into one of the three categories.