Ask the Agent: This Month’s Question (Oct 2019)

Real Estate

How do I know if a property is a good deal?

The key to answering this question is a working relationship with a real estate agent.

I can research the market for you to determine a fair price for a property. I will pull “comps” (comparable properties) from the multiple listing service to see what similar properties have sold for in the area. This comparison will also include the prices of other homes currently on the market.

I will review the size, location, and other features of the home to determine what other properties are comparable, then I can figure out the home’s approximate value in the current market.

We can then compare this value to the current asking price to determine if the property is priced too high, just right, or is a good deal. If you decide to move forward with the property, I can also use this information to help you negotiate the best price possible for the home.