Reader question: “Are there any websites I can use to find out what a home is worth online? I know real estate agents typically provide this kind of information. But we are not working with an agent yet (and we might not). We want to get a sense of what we can afford in the […]
This article explains how to determine the fair market value of a home by evaluating recent sales in the same area. This is one of the most important steps during the offer and negotiation process, because it will prevent you from overpaying.
Planning to buy your first house in 2013? If so, there are some things you need to know. For instance, did you know mortgage lenders are now required by law to verify and document your ability to repay the loan? That’s just one example of how the home buying process has changed.