1. Check the selling price of comparable homes in your area.
2. See what you can afford. Work with local mortgage lenders to give you an idea of the price of home that would fit for your income.
3. Find out what your total monthly housing costs would be, including tax and homeowners insurance.
4. Find out how much you'll likely pay in closing costs.
5. Look at your budget and determine how a house fits into it. Fannie Mae recommends that buyers spend no more than 28% of their income on housing costs.
6. Talk to reputable real-estate agents in your area about the real-estate climate. (This is something I can certainly do for you- just give me a call (317)966-1790.)
The above information was taken from MSN Real Estate.
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