efore you plunk down your home are all location. It’s
hard-earned cash for what certainly true when determining
seems to be the perfect price. The least fancy home in a
home, step back and take time to good neighborhood is worth more,
consider the following: in the long run, than the
fanciest house in a bad
A Comparative Market Analysis neighborhood.
Ask your real estate agent to
provide you with a Comparative To evaluate the house you want,
Market Analysis (CMA). A CMA research the local housing
compares similar homes in the market. Browse the Internet,
same neighborhood that have sold local newspaper ads and real
in the past six months to a year estate publications. Visit nearby
or are still on the market. The open houses, talk to the
house you want should compare neighbors and keep your eyes
favorably in price, with the open. The best neighborhoods have
price properties sold for being good schools, nearby amenities
more indicative of real estate such as grocery stores and parks,
value than the listing price. The as well as a low crime rate.
more similar the features (square
footage, number of rooms, number The condition of the home
of bathrooms, age, lot size, Look past cosmetic repairs such
etc.) and the more recent the as a fresh coat of paint and new
data, the more accurately the CMA carpeting. These could disguise
reflects the current market. defects such as peeling walls or
cracked flooring. And try to
Location, location, location ignore decor. Those beautiful
It’s an old real estate saying paintings, vases overflowing with
that the three most important flowers and freshly baked cookies
factors to consider when buying a won't be there when you move in.
Focus instead on basics that add cec/yourhome/buying/is-the-house-
value such as a solid structure, worth-the-price.as">a roof and basement without leaks color="#001000"
and heating, electrical, plumbing size="-2">http://www.lendingtree.
and other systems that work. com/cec/yourhome/buying/is-the-ho
use-worth-the-price.aspFor more on home prices, visit
href="http://www.lendingtree.com/
About the Author:
The editorial staff at LendingTree is committed to helping consumers become smarter borrowers. Visit http://www.lendingtree.com/cec for more information and tips on buying, selling, and financing a home. Copyright 1998-2006, LendingTree, LLC.
Source: www.isnare.com 
