Research local crime statistics to assess the safety of the neighborhood. Consider the presence of community policing or neighborhood watch programs. Evaluate housing costs and the overall cost of living.

Look at recently rented homes, shops and apartments in your area that are similar in size, condition, and features. Review current listings to see what similar properties are rented for and how long they stay on the market.

Closing costs can include a variety of fees, which may vary by location and specific transaction. Common components of closing costs include Loan Origination Fees, Inspection Fees and Attorney Fees. Buyers typically pay most of the closing costs, including loan origination fees, appraisal fees, and title insurance.

Assess the condition of the property. If it requires repairs or updates, use that as leverage in your negotiation. Consider what amenities are offered and how they compare to similar properties. Highlighting any shortcomings can strengthen your position.