There’s a low inventory of homes in the current market, meaning that buyers are often competing with one another to bid for homes. This also means that many homes are being overpriced, and many buyers are paying more than they should. So how exactly can you tell if a house is overpriced when buying a home in York County?
This is one of the many reasons why you should work with a realtor. A realtor will be able to tell you how many days a certain house has been on the market for. This is a good indicator of whether it’s overpriced. Many buyers don’t bother making a bid that’s substantially lower than the asking price because they don’t realize that some homeowners simply aren’t aware that what they are asking for is too much. The longer a home goes unsold, the more overpriced it probably is. Another way to tell is by simply asking your realtor what he or she thinks the value of the home is. The realtor should be able to compare the price to other homes in the area.
Visit us at Randy Lindsay for more advice on buying a home in York County.