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Originally Posted by aln
What's going on with home & car prices?
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Market value is determined by purchasers who are willing to pay the price. Quality retirement communities are in demand right now. If sellers get greedy and start pricing above market value, people will stay away, and prices will correct.
Some resale homes have view lots or other extras, like sun tunnels, birdcages, pools, summer kitchens, granite counters, etc. Unless you tour a home it's hard to judge if it is overpriced. I think purchasers these days are very knowledgeable ... the internet is a great resource. And hopefully purchasers are working with a reputable real estate agent.