Tommyv, Home Buyer in Cazenovia Park, Buff...

how do find if houses in area that are very similar in one your bidding on to make sure not paying to much for the house?

Asked by Tommyv, Cazenovia Park, Buffalo, NY Sun Feb 7, 2010

Help the community by answering this question:


Tommy your best bet is to have your buyer broker simply complete a broker price opinion for you showing you what similar homes have sold for and what similar properties are for sale for in this area. If you are buying own your on, you will need to search the public portion of the mls websites to find what has sold and what is for sale. You should complete this before making any offers so you know where to start and what price you dont want to go over.
Web Reference:
0 votes Thank Flag Link Mon Feb 8, 2010
The answer to your question is easy... Many "counties" have websites which contain "public access" information on home sales and other information about the home...this county information is usually found in the "tax" section. You could start there... However, a good Realtor should be able to "pull up" the comparables for you provided those listings were sold utilizing the local MLS system... And, you could always "knock" on a few doors and ask the new owners?

Hope this helps...

John Becker / Bald Head
0 votes Thank Flag Link Mon Feb 8, 2010
Tommy - How do the homes you have already seen compare with the one you are interested in?

As Dan noted, your agent will be able to provide a list of comparable sales. If you can, drive by them, and see how they compare. Often the listings will have interior photos, so you can get a sense of what they looked like.

Carefully look through the information your agent provides, and discuss the differences between homes.
Bidding on a home is not an exact science......................but once you are better informed, you should feel more confident in moving forward.

Best wishes!!
Debbie Rose
Prudential NJ Properties
0 votes Thank Flag Link Mon Feb 8, 2010
Have your realtor do a CMA. A Comparative Market Analysis looks at recently sold houses similar to the one you are looking at and suggests what might be a reasonable price to buy a similar house at.
0 votes Thank Flag Link Sun Feb 7, 2010
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