02/03/2023
Buying or selling a home is probably the biggest investment you’ll make. Here's how to tell when you're buying or selling a property if you're getting a good deal.
1. Know what a ""good deal"" means to YOU. For example, does a good deal mean that you can afford the house of your dreams despite competing offers? Is it paying 30% less for a house than what the previous owner paid for it? Is it a deal, in the sense that you save money compared to what the house would normally sell for?
2. Calculate the difference between ""your"" price and other comparisons. The price you agree to pay or accept for a property is useless in a vacuum; you must compare it to a few pricing benchmarks to see whether it is a ""good"" price.
3. Consider the particulars of your circumstance, including seasonality, market dynamics, accessibility, and rivalry. In Wisconsin, purchasers could anticipate getting a better ""bargain"" in the winter than they would in the summer.
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Source: https://www.businessinsider.com/4-ways-to-tell-if-youre-getting-a-good-deal--on-your-home-2012-10
