You may not know it to the exact dollar (agreed) but you need to know it to within a few thousand. A registered valuer has to do exactly the same thing.
That is correct and why we purchased it for $390K and not for the full list price that I thought it was worth (and then some).
Yes...
I usually ask "what do you think I can get it for?" Tell the REA: "you know the property and the vendor - if you were buying it what would you pay?"
Just use this as part of what you do. You should already know exactly what the property is worth from your own DD. I don't see anyone buying at...
