1. Find a trustworthy real estate agent. Your agent (and google) can tell you the average price per square foot for every neighborhood. Compare this to the asking price (price per square foot) and you can evaluate whether the house is over-priced or on par with recent sales in that area.
2. Look for a house that has been on the market for awhile. Ask your agent (or me!) to search for houses that have been listed on the MLS for over 60 days, those houses are overpriced and, most likely, the sellers will be ready to come down.
3. Find out where they are building the next Cosco. Cosco does careful research into the next up and coming neighborhood. If you buy into an area near a newly arriving Cosco, there is a high likelihood of gentrification.
4. Compromise. You may have to give up a few square feet to gain a better neighborhood.
5. Build on. The two beds/one bath house is not usually in demand which brings down the price, but if you have space to add a bathroom for $10,000-$15,000, you’ve just improved your quality of life and created value by making the house a two beds/two baths.
2. Look for a house that has been on the market for awhile. Ask your agent (or me!) to search for houses that have been listed on the MLS for over 60 days, those houses are overpriced and, most likely, the sellers will be ready to come down.
3. Find out where they are building the next Cosco. Cosco does careful research into the next up and coming neighborhood. If you buy into an area near a newly arriving Cosco, there is a high likelihood of gentrification.
4. Compromise. You may have to give up a few square feet to gain a better neighborhood.
5. Build on. The two beds/one bath house is not usually in demand which brings down the price, but if you have space to add a bathroom for $10,000-$15,000, you’ve just improved your quality of life and created value by making the house a two beds/two baths.