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Why Do Homeowners Over Value Their Homes
Home values are local and looking at national averages or reading information online does not necessarily help consumers price their homes correctly.
Calling a local real estate agent and asking for a Comparative Market Analysis would be far more helpful than trying to guess what the price of a house should be. 
Why Do Homeowners Over Value Their Homes
I would have to answer that question this way. Mostly because Brokers and news sources all broadcast that home values are close to the all time high. Who can blame homeowners, no one has said that lots of homes in specific locations went up in value but that it does not apply everywhere or specifically to their particular home.
What was left out of all the broadcasting and blogs is that real estate is very local and each area has it's own pricing history and values based on that particular neighborhood.
Even the National, State and Local Associations make the same broader statements about the communities, states general or median values. I think this concept has confused many homeowners and caused them to over value their own homes based on what they read.
An example that comes up a lot is the many neighborhoods and communities that make up ... more

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