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While the market has cooled since then across the U.S., many homes still list for more thantheir value.
But how can you recognize a home is overpriced?
Ideally, a sellers agent also reviewed comps before helping the seller price their property.
But comps can change weekly or even daily, according to Roofshark.com.
While working with a Realtor helps, you might run comps on any property on your own.
From structural damage to an outdated kitchen, any work needed will cost money.
you might factor these costs into any offer you make to avoid overpaying for the home.
Thats where a reputable home inspection service comes in.
You may also negotiate with the seller to fix the problems before closing as part of the contract.
Especially in todays hot market, it may be tempting to forgo the inspection, Erickson wrote.
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