To Buy - How To Value A House

If inventory is low, expect to pay a premium (sometimes 5-10% over the "fair" value).

If houses are sitting for 60+ days, you have the leverage to value the home lower and ask for concessions. 5. Don't Ignore the "X-Factors" how to value a house to buy

Asking prices are often just marketing strategy. Only look at what homes actually sold for in the last 3–6 months. If inventory is low, expect to pay a

Check the age and quality of the roof, HVAC system, plumbing, electrical, and foundation. If these need replacing, subtract those estimated costs from your offer price. Don't Ignore the "X-Factors" Asking prices are often

Sites like Zillow (Zestimates) or Redfin are good for a "ballpark" start, but they are algorithms and can't see the hole in the carpet or the smell of a damp basement.

Note: Smaller homes usually have a higher price per square foot than larger ones, so adjust accordingly. 4. Read the Market Temperature