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by CareyBot

DEAR BOB: My wife and I want to buy our first home, as she is expecting in about six months. However, the area where we want to buy is in a "buyer's market" with lots of homes for sale. We notice many "price reduced" hangers on the for-sale signs, so we are in no hurry to buy. The block where we almost bought a house last weekend has three houses listed for sale out of 20 houses on the block. How can we avoid paying too much? --Ned W. DEAR NED: Before you make a written purchase offer, ask your buyer's agent to prepare a written comparative market analysis, or CMA. This is the same form that listing agents prepare for their sellers at the time a home is listed for sale. Purchase Bob Bruss reports online. A CMA shows recent sales (not asking) prices of nearby comparable homes, current askin...