When shopping for a new home, nearby comparable locations can be a huge help in knowing whether or not you’re paying the right price for your place. However, one of the most important first time home buying tips suggests that you don’t overlook the appraisal process. Be sure to have your home appraised to ensure you’re getting a fair deal. While it can cost anywhere between $300 and $500 for the average home, prices may vary depending on location and situation. While it’s a good idea to plan to pay this fee out of pocket, be sure to talk to your realtor or lender first. There’s a good chance you may be able to cover the fee by wrapping it up into your closing costs.