How to Spot a Great Deal in Real Estate
The first step to spotting a great deal in real estate is to understand the current market conditions. Is it a buyer's market with plenty of inventory and lower prices, or a seller's market, where competition is high and prices rise quickly? Knowing the market type helps you identify opportunities. In a buyer's market, you might find undervalued homes or motivated sellers. In a seller's market, great deals might be rare but still possible with the right strategy. Compare Comparable PropertiesResearching comparable properties, often called comps, is essential. Look at recent sales in the neighborhood for homes similar in size,…