If you’re new to the process of house hunting, it can be incredibly intimidating. In this market, How to Make Sure You’re Getting a Fair Price for a Property is even more. When the housing market fluctuates up and down, it’s hard to know if the price of a home is good or not. Implementing some of these tips can help you have greater reassurance when you make an offer on a home that you aren’t paying more than what you should.

How to Make Sure You’re Getting a Fair Price for a Property: Work With an Agent

Working with an agent is perhaps the most important thing you can do to make sure you get a fair price on your property. Some people may initially want to buy a home without an agent to avoid paying commission.

However, without an agent, you may not even be able to bid on certain houses (some agents will only work with other agents) which could result in a more limited set of options. And besides that, their expertise in the market will help ensure you get a good price.

Get an Appraisal

Getting an appraisal is another surefire way to get a better gauge on the right price for a home. Appraisals are great for many reasons. Namely, there are many factors taken into account for an appraisal to arrive at the most accurate price. Because appraisers are meticulous in considering a variety of different home factors, they’ll arrive at a very specific number that you can trust.

How to Make Sure You’re Getting a Fair Price for a Property: Research the Market

Working with an agent and getting an appraisal will make a big difference in helping ensure you can make a reasonable offer on a home. But doing your own research about the market can make a big difference as well. Researching the market and looking at a variety of different homes in different locations can help you not only gauge the trends in the market but also help you identify preferences of yours that may put you in a higher or lower price range. Being aware of how your preferences impact the price range can help you go to your agent more prepared.

The process of finding a home, making an offer, and then closing on a home is a complicated one. Starting with some of these steps will help you at these different stages of the home buying process. Failing to implement them could result in paying more than what you could have otherwise.

Read this next: Major Home Renovations You Need to Give a Fixer-Upper

 

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
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