How Do You Know If a Home Is Priced Fairly?

Having a buyer’s agent on your side will help ensure that you purchase a fairly priced home. Here’s how.

Buying a Jonesboro home?  Get a Full Home Search

Selling your Jonesboro home? Get a Free Home Price Evaluation

A question I get asked pretty regularly is, “How do buyers know if a home is priced fairly?” The answer to that includes a few factors.

First, you need to hire an expert buyer’s agent. 

Once you speak with them and they’ve found you a perfect a home, they’ll see what comparable homes have sold for in that neighborhood recently. In the real estate world, we call these properties “comps.”

Comparables help ensure that a home is priced fairly.

If you’re looking for a specific floor plan in a specific area, your agent will look at homes with that same floor plan in the same area and see what other buyers have paid for those homes.

Usually a comparable home has already had an appraisal and inspection done as well, so the comparable home will be able to tell your agent if a home is priced correctly. 

If you have any questions or are in need of an expert buyer’s agent, please don’t hesitate to reach out to us with a phone call or an email. I look forward to hearing from you!