Urban Relocation

Tips: Relocation and Home Buying (part 3)

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