Archive for May, 2006

Estimating Phoenix Home Values

My husband and I were driving around one weekend, looking at open houses. I was struck by the comment of a woman selling her home as a FSBO. I’m familiar with prices in the area, and knew her price was high. What she said though was, “There are several homes for sale on the street, and this one is much lower than the comps.” I’m sure this lady was sincere in what she said- she just didn’t understand the difference between having the lowest listed price on the street, and the price that comparable houses were selling for. Calculating comps…
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