I hope someone can give me guidance on pricing our 3200 sqft house!
Our home was completed Feb. 2009, it cost us $647K to build .
I've interviewed 3 Realtors, First one thinks $550K would be good starting figure. The other 2 are still looking for comps, as the house is in a new subdivision in a new planned community!
A local appraiser friend (doing it for 30 years) recommended pricing at a price above what it cost to build, he suggests $700K. His reasoning is there are no comps, it is a prestigious neighborhood, the home is very, high quality interior/exterior, and all square footage is not equal.
Last remark prompted by 4200sqft house across the street, 'For Sale' $695K!
If any Realtors out there, is the appraiser correct?