Submitted by Sandi Egan on April 9, 2008 – 11:58am.
So what do you personally think is a fair price for that home?
Frankly, just looking at a home like this and where it's located, I have a conceived notion that this a nice home for your slightly above average worker-bee professional, that's looking for a step up. I wouldn't consider this a starter home, due to it's size and amenities.. But something that one would move into as a step up.
Something someone would move into after they already owned for awhile elsewhere and were trading into something larger. Something that even if they trade up, a folks would have to stretch initially using a traditional 30year loan. I wouldn't consider someone who is a FB able to purchase this home. Normally, $700k would be a price that I would think would be attainable by some professional with a single income or double income with some professionals that get paid less. And no, I don't consider this high end, because it *should* be attainable most professionals who've been working for a few years or for folks that can trade up. It's no LJ, RSF, or DelMar.
….But whatever I think is a "fair" price for this (or anyone else's perception of what a fair price is)is irrelevant…The fair price is what the market currently commands.
