How Do I Know If I’m Getting a Fair Price for a Home?

The best way to determine whether a home is fairly priced is by reviewing comparable sales—similar properties that recently sold nearby. Appraisers and agents use these “comps” to assess market value based on location, size, condition, and features. Beyond numbers, consider the property’s demand, upgrades, and how long it’s been on the market. A trusted agent will provide a comparative market analysis (CMA) to ensure your decision aligns with local data and not just listing hype.