Tips: Relocation and Home Buying (part 3)
June 5, 2008 7:59 pm General
Select Neighborhoods
Whether you choose older or new homes, because agents tend to specialize in neighborhoods, hire an agent who works in the neighborhoods where you want to buy. A good agent can tell you the differences between homes as sometimes a home across the street from another can vary greatly in price.
Local specialists have intimate knowledge about their areas that you won’t get anywhere else. Ask for details on:
* Recent comparable sales.
* Average per-square-foot cost. Break this down by price ranges and square-foot values because the larger the home, the lower the square-foot cost.
* Average list-to-sales-price ratios.
Source: homebuying.about.com