VIDEO: "How Do I Know I’m Paying a Fair Price?"

As a trusted REALTOR® who helps people find homes they love, an important part of the job is helping homebuyers determine whether they are paying a fair price. Since no two properties are identical, an experienced buyer’s agent will look at many factors when evaluating price. First, they will research similar properties in your target area to determine a general price range. Then, we look at current market conditions, and review recent sales data. And finally, a REALTOR® with keen local knowledge will evaluate other price influencers like the condition or age of the property, whether it needs repairs, and growth plans for the area. Depending on the type of home and its location, your REALTOR® may also review its association fee schedule and insurability requirements. With professional guidance from a local REALTOR®, you will know whether the property is priced fairly, which will assist everyone when it’s time to negotiate a fair price offer.