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How do you know if you're paying too much for a house?

How do you know if you're paying too much for a house? I know that the housing market is crazy right now, but I don't want to overpay. I
Asked By Alex | Fort Worth, TX | 387 views | Buying | 1 year ago
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Pro
91 Answers
Lisa and Greg Harris

eXp Realty, LLC

(42)

2 things that will help you! 1- with financing, an appraisal is done to confirm for the lender the value of the home. 2- a trusted local expert REALTOR is key in helping guide you through the process and look at and review the most up-to-date comparable data to reveal the market values that are happening in our fast pace market!
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Novice
5 Answers
Jean Lewis

Keller Williams Pinnacle

(75)

An appraisal will let you know if you are paying too much for a house.

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Novice
4 Answers
Kristina Owens

JLA

(2)

This is one of the reasons I recommend having a real estate agent for buyers. They can run comps for you and see what similar homes are going for in that specific area. Home prices can vary greatly from area to area and even neighborhood to neighborhood so it is important you are comparing apples to apples. You also need to adjust for things like additional bedrooms, bathrooms, and yard size.
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Novice
2 Answers
Juliette Bergeron

REMAX Innovative PRoperties

(59)

Have your trusted Realtor run comps and make sure the property your purchasing is worth the price

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