Sarah Fluggel is considering the purchase of ahome located at 2121 Tarter Circle in Frisco,Texas.The home has 3,000 square feet of heated and cooled living area,and the current owners are asking a price of $375,000for it.

a. Use the information provided in the following table to determine an initial estimateof the value of the home Sarah is considering

Comp #1Comp #2

Sale price#240,000$265,000Square footage2,2402,145Selling price/sq.ft.$107.14$123.54Time on the market61 days32 day

b. After making her initial estimate of the value of the home,Sarah decided to investi-gate whether the owner