Buying a Home

Home refers to a place where someone lives. While this can be a house or a cozy bed, home can also be a place where you feel safe and welcome. In addition, home has specific legal connotations. A person’s home is considered his or her legal residence and determines his or her tax liability. It also determines a person’s citizenship status, if he or she lives in a different country.

When looking for a home, it’s important to understand the value of comparable homes in the area. Comparable homes are homes that sold recently for a similar price. These are the homes used in home appraisals, comparative market analyses, and Opendoor evaluations. The more recent these sales are, the higher the home’s value is likely to be.

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