Home purchase is a good deal

[Davidbrown1]

How can I tell if a specific home purchase is a good deal?

[1pklake]

Look at the homes on the market in the area and what they have sold for. Also, do you like the home? The circumstances of the sellers is probably is a direct answer to why the home is a "good" deal.

[FrankN]

The best way to tell if the home is a good deal is to have your agent to a CMA on the property to determine its market value. If it's listed below the what suggested price on the CMA tells you, then you may have a winner considering the CMA is determined by other comparables in the area. Also, check the property taxes and see what they are relative to last year.

[shubh]

It is not a really tough task. Prepare the comparative statement highlighting following topics:
No dues
Comparative rates of similar property
Details of some recent deals
Available loan facilities
Future scope
Expected escalation of prices.

[ogden34]

For sure that you can get a good deal in purchasing a house ask assistance from real estate professionals as they are the one who knows and do have experienced in buying a properties.

[escapeso]

Have a realtor look at recent solds. I would also ignore zillow, tax appraisals, and what other houses are selling for. That is what people that want to "avoid a realtor" do and it usually bites them in the end.

[Joelrunner]

Hire any Realtor in these forums who is in your area because they likely know more than the average bear ;-)

[maryd]

do the comps...and find another Real Estate Professional

[Toby Lane]

I would say if there are multiple bids on a property, it was probably a good deal. Or at least someone thought so.

[Rickie]

Hi,

One should buy home at a good location which encourages good public life.
Don't buy in a neighborhood you don't know. Check at night to see what activities take place. Ask the neighbors and the local law enforcement about crime statistics.