When you're looking for a home, whether it's in Troncones, Mexico or here in Tucson, Arizona, it can sometimes feel like you're a contestant on a game show, one where your entire savings is riding on your ability to tell whether a home is worth the asking price or not. If the pressure of such a situation is getting to you, we can give you some tips for coming out on top when you're playing the real life game of "Good Deal or Not?"

One way to determine if the asking price is a Good Deal or if it's Not is to compare it to other homes in the neighborhood. Is there a bigger home for sale in Rosedale that's listing at a cheaper price? If there is, then you have to ask yourself why. Find out if there's something wrong with the big house or something special about the one you're looking at. If not, you'll be forced to conclude that in the game of "Good Deal or Not," this house falls into the "Not" category.

If there are no other homes for sale in the neighborhood, you can also look at the real estate statistics for that city or neighborhood. What is the average price per square foot that a house for sale in Scarborough goes for? If you multiply the square footage of the house you're looking at by this value, is it higher or lower than the seller's asking price? If the average price you calculated comes out lower than the asking, you'll have to conclude that you've found yourself a "Good Deal."

If you don't feel confident enough in your abilities to make a decision, it may be time to hire an axpert. This is one of your lifelines in the game of "Good Deal or Not" and you shouldn't be afraid to use it. A real estate agent specializing in downtown Toronto real estate can tell you immediately if a property is a Good Deal or Not because he or she has spent years becoming familiar with the area. Likewise a home inspector or an appraiser can inspect the property and tell you whether, quality wise, it's a Good Deal or Not.

You can compare and consult until you're blue in the face, but ultimately what it all boils down to is you. If you really like a house, a slightly higher price might feel like a Good Deal to you, but if you're not impressed with it, even the cheapest asking price will make you say "Not!" So in the game of Pickering real estate, you are the final deciding factor. Look into your feelings and ask yourself: "does this feel like good deal or not?" We suspect you already know the answer.