Most people think they know home prices in their own area. Most people are wrong by more than they think.
Why we are wrong
- We remember prices from years ago.
- We remember the extreme sales that people talk about.
- We know our own home's price and use it for everything.
The 20-guess test
- Open the map around your home.
- Play the 20 nearest sold homes.
- Do not open any clues.
- Write down your average score and if you were mostly high or low.
What you learn
- The real range of prices on your streets.
- Which streets are more popular than you thought.
- How much age and size matter here.
Do it with a neighbour
Play the same 20 homes. Compare. It is a good talk over coffee.
Repeat in six months
The market changes. So does your knowledge. Play again and see.
PricePinner