In this market buying right makes all the difference…but understanding what qualifies as a “good buy” and why can be tricky.

Everyone seems to agree it is a great time to buy, that’s common sense.  But buying right takes a lot more than just common sense.  There are lots of myths about how to get a deal in today’s real estate market.

Just because the price of a home is lower that what it sold for a few years back does not mean that it is a good deal.

Just because the price is less that the tax value does not mean it is a good deal.

We determine value based on neighborhood market statistics.  It is the only way to know how well the price you are paying compares to the local trends.  We look at statistics such as, average and median sales prices,  and, price per finished square foot.  We look at these numbers in the general neighborhood and the larger community.  We also look at how these numbers are changing over time.  In some cases we break down the land value vs. the structure value, in some case we determine the opportunity value in improvements that could be made.  Often there is value to a buyer in getting their new home within a certain time frame.  Sometimes getting the “perfect” home is more important than saving a few thousand dollars.

Bottom line, getting a deal requires an expert understanding of the specific location, price range, and type of home.

Getting a handle on the market is hard work and takes some time, but it pays off.