Confused about the difference between the comps price and the selling price of a house

[Michael DeStefano]

Hey BP,

I just found a great resource called ReZamp.com. But I'm a little confused as to how a house can be valued at one price, but be selling for a different price. For instance the website lists a property at 174k, but says it's value is 243k. So I'm confused as to why the house would not be selling for that amount if that is what it is valued at. Could someone explain this to me?