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How Do You Know How Much to Pay for a Home?

Hello Hampton Roads,

As a home buyer, how do you know how much to pay for a home? This is one of the most common questions I hear during my buyer consultaiton sessions so I thought I would address this question here and list the top things to consider when deciding on the offer price. Remember a successful transaction is when both parties come to a "meeting of the minds" and an agreement is reached with both price and terms.

First a word about buyer representation:  As a home buyer, make sure you use the professional representation of a buyer's agent. A good buyer's agent can be a tremendous help in assisting you in how much to offer.  Also, buyer agent representation is usually FREE to the buyer as the seller is the one paying the real estate commission which is shared by both the buyer's agent and the seller's agent.  The seller's agent represents the seller, not you or your best interests.

Here are some top considerations regarding how much to pay …

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