Tips to avoid overpaying
You can avoid overpaying for your first (or next) house by following these tips:
Hire an exclusive buyer’s agent who will work in your best interests. Use multiple tools to determine the home’s value, such as online home value estimators and a competitive market analysis from your real estate agent.
Strive for objectivity by writing a list of pros and cons for each house you view, paying attention to the drawbacks.
Get personalized advice by seeking homeownership counseling from a HUD-certified agency.
Maintain control by being willing to walk away if you can’t get the fair price you want.
“First-time homebuyers, many times, let their emotions get the better of them. They sometimes kind of look at a property with blinders on.” Jim Murrett President of the Appraisal Institute