How can I be sure that I’m getting a good deal on my next home purchase?

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    Most purchasers are looking for a home that not only meets their needs but also one that represents a “good investment”. This is logical and it only makes sense that you’ll want a sense of security in knowing that you didn’t overpay in what is typically the largest investment that you’ll ever make. Depending on which agent and company you choose to represent you in your next real estate purchase, you can expect a certain level of service.

    Ask Your Realtor for Comparable Sales in the Area

    The most common way to ensure that you’re not overpaying for your next Spokane home is to ask your real estate agent/broker to locate and identify comparable sold properties within a half mile radius of the home you intend to purchase. This can be done quite easily and quickly by an experienced real estate broker. You’ll want to thoroughly examine the comparable listings that your agent presents. The comparable homes should offer a similar bedroom count, bathroom count, year built, square footage and lot size. The next thing you’ll want to examine is the quality of craftsmanship and the quality of building products in the comparable homes. Keep in mind that only sold comparable properties can be used to determine the true market value of your subject property. Homes that are currently “Active” or still for sale are not typically used to determine the value of your subject property. This is due to the fact that the current asking price of active listings has typically been set by the homeowner and may not be a good representation of the property’s true market value.

    When you identify the right home for you and your family, you should ask your real estate broker to preform this service prior to writing an offer. This is really the only way to ensure that you’re getting a “good deal” on your next home purchase.

    For more information on ANY home for sale in the Greater Spokane market, or to view ALL homes currently listed for sale, please visit our Spokane Real Estate search engine at: www.OhanaRealtyGroup.com

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