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January 27, 2012
Determining home values is important for buyers and real estate investors. Although not the same as the asking price, the value of a home can increase or decrease depending on buyers' perceived 'value' of amenities.
Another factor that affects home values is data collected through comparable sales reports. Comp reports provide information about recent home sales in the area. They are relatively easy to acquire in markets where there is considerable activity, but are harder to find in rural areas or communities where people stay put.
Buyers can obtain comp reports from realtors and real estate websites like PropertyShark.com and Zillow.com. When reviewing data it's important to compare apples to apples. Review prices of homes that have similar square footage, number of bedrooms and baths, lot sizes, and built within the same decade.
May 20, 2009
First time house buyer tips help individuals make informed decisions about their real estate purchase. Real estate polls suggest people are at least beginning to think about buying a house. Most people realize prices will eventually start going back up and are planning their strategy of when to buy.
Today, I'm happy to share the following first time house buyer tips and hope you find them beneficial. This post focuses on the required steps for buying houses and what you can expect along the way.