Sentences with phrase «understand home values in their area»
Homeowners, and those looking to buy a home, should keep a close eye on their local market to better understand home values in their area, and the trend they are on.»
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The crime rate applies more where you looked at things like serious predatory lending and inflated home values — where older people were talked into refinancing their house that was worth about $ 40k for a loan of about $ 80k so they could lower their payments by $ 75 / month, or those who really didn't understand what they were signing were talked into majorly inflated prices for homes in areas not worth it.
Viewing plenty of houses on the market and doing some research into the median sale - to - list ratio in your target area may help you understand how the purchase you made compares to other local purchases, and relieve any lingering doubts about whether you paid too much based on the value of your home.
On showings, Ready RE Agents will help you understand neighborhoods as well as home values in these areas.
You'll want a realtor who understands the areas you are looking in, the kinds of homes you are interested in, and is familiar with construction (and old houses if you are looking for an older home) and property values in the area so they can help advise you on the pros and cons of each home.