How do you buy a property at a fair price?
- Shop. Compare neighborhoods not only by driving through them but also by obtaining information regarding assessor's valuations and historical sales trends (both relating to volume of sales and change-in-price data).
- Ask your agent about the history of a particular property you are interested in and about the reasonable price to be paid for that property relative to other properties that have sold.
- If you are getting a loan to purchase a property, ask that an appraiser familiar with the market be retained, and read the appraisal. If the appraisal is vague or obviously inaccurate ask questions.
- Stay away from gimmicks. Real estate is a big investment. Be cautious when you are being offered something too good to be true or being rushed to make a decision.
- Go to our sponsor's page and get our subscribers on your side. Our subscribers are individuals and institutions that believe that when you buy a property at a fair price, everyone benefits.
- Bookmark this page and use it.