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Real Estate Investment: Pricing Residential Property Prudently

Written By: Jacquelyn Annete García Vadnais When trying to acquire a new home or investment property, it can be difficult to ascertain when you are getting a good price on a residential property. Many purchasers view purchasing a residential property as an emotional decision as well, which does not help them get the best value for their money. For prospective buyers that are looking to purchase a new home or a new residential investment property, it is recommended to review the information below: Key Indicators to Look For to Ensure You Get the Best Real Estate Deal Analyze Sold Comparables on the Market When purchasing a residential property, it is best to do your own research, or work with an agent with local experience in the area. This way, the agent will be able to discuss with you comparables that have sold recently. It is recommended to analyze several recently sold comparables that have similar square footages, number of rooms/ bathrooms, and landscaping features as the proper