If inventory is low, expect to pay a premium (sometimes 5-10% over the "fair" value).
Finding your dream home is the fun part, but figuring out if the price tag is fair? That’s where the real work begins. Overpaying for a house can haunt your finances for decades, while underestimating a home’s value might cost you a winning bid. 1. Master the "Comps" (Comparative Market Analysis) how to value a house to buy
The most reliable way to value a home is to look at —recently sold homes in the same area that are similar in size, condition, and features. If inventory is low, expect to pay a