How Do I Know If I’m getting A Good Deal on a Home?

As a homebuyer you’re searching for the right home which has the bedrooms, bathrooms, amenities and location that you want to live in but, how can you really be sure that you’re getting a good deal on a home?

In this article, we will break down several things you can do to be certain that you’re getting a good deal on a home.

#1 – Research Recently Sold Properties  

Use good Realtor (Like those at Fred Sed Realty) to do a comparable analysis of recently sold properties.

The comparable analysis should include properties which are similar in condition, neighborhood, size and amenities.

#2 – Review Comparable Properties Which Are Currently On the Market

Another great thing you can do to know for certain that you’re getting a great deal on a home is to research comparable properties which are currently on the market.

#3 – Consider Comparable Properties That Didn’t Sell

Besides reviewing recently sold properties, and homes which are currently on the market, another fantastic thing you can do when determining if you’re getting a great deal on a home is to search for comparable properties online which didn’t sell.

This step is important because if the home you want to purchase is priced the same as one or more properties which were taken off the market recently then you might want to consider that the home you want to purchase may be overpriced.

#4 – Think About Market Conditions

Market conditions are an important thing to consider when buying a home because if it’s a sellers market you could overpay for a home but if it’s a buyer’s-market you could find a home for a great price.

#5 – Ask Your Realtor

Last of all, but most important, one of the most important things you can do to determine if you’re getting a good deal on a home is to ask your Real Estate Agent because your Realtor will be able to offer you their opinion based on years of experience.

Contact Us

To learn more about how to know if you got a good deal on a home, or to view Southern California homes for sale, contact Fred Sed Realty Group today by calling us at (800)921-9231