Commercial Property Danger To Avoid, Property Value Vs. Asking Price, US Housing Price/Income Rise 1992-2005


Commercial Property Danger To Avoid

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property.  A property owner may request any price for his property-this may or may not be anywhere near market value.  The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate Insight:

From 1992-2005, home prices went up 205% while income during that period only rose 10%