Decide what you can comfortably spend before choosing which homes to tour. A townwide sale price can help frame your search, but it cannot account for your financing, closing expenses or priorities.
For Pontiac single-family homes and condos, townhouses and apartments, the typical sale price was $151,050 in the latest market report. The number of homes sold in the latest market report was 46. The typical asking price among homes listed for sale was $155,500 in the latest market report. The number of homes listed for sale in the latest market report was 114.
Completed sales offer useful price context, while listed asking prices describe what was being requested for another set of homes. Neither figure establishes the price or monthly payment that makes sense for you. A comfortable search range should leave room to consider the money needed at closing as well as the purchase price.
Talk with a lender about payment options and the money you would need to pay at closing before setting your search range. Separate your must-have features from preferences so a promising home does not push you beyond a comfortable budget. Compare homes you like with recent sales of similar homes before deciding what price you could reasonably offer.
