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How do you determine what is a good bid price for a home?

The list price isn’t always a good indicator of the FMV. You can look at the comps a realtor pulls up, but aren’t always comparable. I’d say going just by the average sqft of what sold and applying it to a home you like, isn’t the best. Sometimes these comps could have much nicer upgrades and materials, be in more desirable location, be in better condition. I assume this market may be a bit crazy and these conditions may not apply, but in a regular market, how do you go about seeing if the list price is fair or is too much?

submitted by /u/Successful_Leg_707
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source https://www.reddit.com/r/RealEstate/comments/sa4ilc/how_do_you_determine_what_is_a_good_bid_price_for/
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