What do they mean by ';market analysis before buying home????';?

I'm planning to buy my first house. Don't have much idea , so asked many friends and colleagues for suggestion. everyone says 'do a good market study before you invest'.. now i'm not getting exactly what to do.What do they mean by ';market analysis before buying home????';?
Select a buyer's agent to represent you.





Look at several houses to get educated about your local market.





When you find one that you want, ask your buyer's agent to do a market study showing how much houses have sold for in that neighborhood recently, how many are currently pending and how many are actively on the market. That helps you know what would be reasonable to offer.What do they mean by ';market analysis before buying home????';?
YOU need a good Real Estate Agent. Do not do this on your own. Look at Dave Ramsey's site and look at ELP endorsed local providers

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