Posted by Paul Ness, MAI on August 11, 2003 at 09:59:37:
There is always a range because the market is not perfect, but there must be reasons for a wide range. If you have one or two out of line with the others there could be hidden reasons such as seller paying substantial closing costs and building them into the price, or family-to-family purchase, distressed sale, etc. Or there could be other quality and condition differences. If you really want answers to these questions you need to call each realtor or owner involved. If it’s only for due diligence and not financing, you can get an appraiser to do the work for you and complete a “limited” appraisal for around $150-$200.