It’s a simple fact that every home buyer wants to receive a good deal on their potential home. It’s an especially important aspect of the home-buying process to be sure to buy a home at a fair market price. But how do you know if you’re getting a good marketing price or not? Let’s take a look at some indicators that can help you know whether you’re buying your home for a fair price or not. Look at Recently Sold Properties A property that is in a similar neighborhood, similar in size, and condition that has been recently sold is a great reference point for you to know under what pricing category the home you’re interested is in. Try doing a quick online search to get a better idea of all comparable homes within your chosen neighborhood. Learn About Market Conditions Before deciding whether a home is priced fairly or not, take a look at the state of the current market. Understanding both the seller’s market and the buyer’s market can help you make a better decision towards what the house market should look like. Also take a look at the impact of mortgage rates. This can overall lead you to make an informed decision. Ask Your Real Estate Agent For home-buyers, especially first-time home-buyers, this may seem a bit more of a difficult task, but that’s what your real estate agent is there for. Having a deep understanding of the house market that can only be attributed to years of experience, your real estate agent should be able to guide you and help you understand which homes are at fair offering price. Feeling overwhelmed? Our MGR real estate agents are always here to help you navigate through the home buying process. Give us a call today and let’s get started on finding you and your family the perfect home!