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Dickson Realty

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eXp Realty, LLC

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RE/MAX Market Place

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How do you know if you're paying too much for a house?

How do you know if you're paying too much for a house? I know that the housing market is crazy right now, but I don't want to overpay. I

Asked By Alex | Fort Worth, TX | 223 views | Buying | 9 months ago

Answer(4)

Pro

91 Answers

Lisa and Greg Harris

eXp Realty, LLC

(42)

2 things that will help you! 1- with financing, an appraisal is done to confirm for the lender the value of the home. 2- a trusted local expert REALTOR is key in helping guide you through the process and look at and review the most up-to-date comparable data to reveal the market values that are happening in our fast pace market!

8 months ago
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Novice

5 Answers

Jean Lewis

Keller Williams Pinnacle

(75)

An appraisal will let you know if you are paying too much for a house.

8 months ago
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4 Answers

Kristina Owens

JLA

(2)

This is one of the reasons I recommend having a real estate agent for buyers. They can run comps for you and see what similar homes are going for in that specific area. Home prices can vary greatly from area to area and even neighborhood to neighborhood so it is important you are comparing apples to apples. You also need to adjust for things like additional bedrooms, bathrooms, and yard size.