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How do I know if a home is priced fairly?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Compare the list price to recent sales of similar homes in the same neighborhood, known as comps. Your agent can provide a comparative market analysis. Pay attention to price per square foot, days on market, and whether the seller has already reduced the price.

Why It Matters

Overpaying for a home can affect your equity, monthly payment, and future resale value.

Related Questions

What should I look for during an open house? How much should I save for a down payment? What are closing costs and how much are they? What loan options are available for first-time buyers? What questions should I ask my real estate agent when buying?

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