(Mis)Reading the Signs Pricing real estate is fundamentally precedent-driven. In other words, if you want to establish an estimated fair market value for “Property H,” you first need to determine what Properties E, F, and G sold for. In Realtor (and Appraiser) lingo, E, F, and G are called Comp’s (“Comparable Sold Properties”), and the compare-and-contrast process...Read More
Then: $11.5 Million Now: $5.5 Million No, that’s not a typo: this Orono home is now listed for $5.5 million, a whopping $6 million below its original (2010) list price of $11.5 million (serious change in the Midwest — or anywhere else for that matter). Is it well-priced now? I have no idea — I...Read More
