Signs a Property Is Priced Too High MABA MassachusettsRealEstate FirstTimeHomeBuyers MaByerAgent

No one wants to pay too much for a house. It can be a frustrating prospect, plus it makes your payments higher and could make appreciation seem less likely.

If home values fall too much, you could end up underwater, which means owing more on your mortgage than your home is worth.

But you shouldn’t be worried about that.

Fortunately, there are ways to spot an overpriced home. To ensure you don’t overpay, we’ll watch for these signs.

• Its days on market (DOM) is high. If a home has been on the market a while, it likely means no one who has toured it has thought it was worth the price. This typically indicates a price point that’s too high or something wrong with the home.
• It has a higher price than similar properties. Unless a home has standout or……..

To read more click here

FIRST TIME HOMEBUYERS

Buyer’s Agents Explained