Don't Make Me Release The Flying Monkeys

I have seen homes that otherwise may be valued around $300,000.00 be listed for half a million or more simply because they are in an upscale neighborhood. The location and community will carry more weight in the seller market than the house actually will. At the same time, I have seen people way over build in a neighborhood that doesn't carry the market and they loose their shirts in the end. They can't get out of it what they put into it.