How Much Should You Pay for That Home?

Although purchase offers consist of many variables, the most important aspect for many home buyers is figuring out how much to pay for a home.

Picking the price to pay for a home is crucial, yet few home buyers do their homework beforehand. Most buyers select a price based on the homes they have seen. They compare inventory and list prices to each other, often without asking for crucial information that could have a huge influence on the final purchase price.

Unlike shopping for groceries or clothing, the list price of a home is rarely indicative of its value. Sellers can ask any price they want. It doesn't always mean they will get it or that the price is reasonable . . . read more about How Much to Pay for a Home.

More Articles by Elizabeth Weintraub:

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• Address Buyer Possession Upfront
  
• Good Faith Deposits

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_{At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.}