Question:

How do I know if  I’m not over paying what the house is worth?

Answer:

The bank will not lend you more than the home is worth.  What is happening many times in this market is that once the appraisal is complete and if the value comes in lower than the sales price, the seller is lowering the sales price to the “value” of the home.

The bottom line is, if you can comfortably make the payments and you love the home, it’s a great deal buying in this market!