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Tips for Getting a Fair Price on a Home
All homebuyers have one thing in common – it is they do not want to get ripped off. Whatever the state of the housing market, but especially if it is frothy, it is essential to make sure you get the right price. How do you know that you are getting a fair deal, even when the market is tight?
1. Check recently sold properties
A comparable property is one that is a similar size, condition, neighborhood, and amenities to the one you are buying. With that having said, you also gain valuable information by looking at how the property you are interested in compares at a price to different houses. Your real estate agent is the best source of accurate, up to date information of comparable properties.
2. Similar features on the market
In this case, you can visit other homes and get a real sense of how their size, condition, and amenities compare the property you are considering. You can then compare prices and see what seems fair and reasonable sellers know that they must price their properties similarly to market comparable if they want to be competitive.
3. Look at the unsold relative
If the house you are eyeing is ... more
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