We’re serious about buying a place, but how much do we bid on it?
The most important thing you can do when it comes to real estate is be informed. Do your research -- ask your real estate agent, look at county records, or go to Zillow.com, RealEstateABC.com, EAppraisal.com, and Cyberhomes.com to look at “comps,” which are the sales prices of comparable homes in the neighborhood where you want to buy. Make sure they’re recent (six months or less) to reflect the current trends in the market. Once you’ve done your homework, you’ll have a good idea of what the home’s really worth. Have any real estate tips of your own? Share them in the comments!
Nestpert Joseph Russo, Executive Director of The National Council for Financial Literacy and Real Estate Expert at ITeachAboutMoney.com
See More: Buying a Home , Budgeting , Real Estate