Are new homes overvalued?My wife and I are looking at building our first home. After picking a floor plan we like, we met with the builder for an estimate which I felt was too high. I then found three other homes in the area that are literally identical which have sold in the past 18 months and looked up the assessed values and their last sold values on the county records website. The problem is the builder wants to charge about 10% more than what they sold for 12-18 months ago and yet the values are about 10% less than what the other buyers paid 12-18 months ago. What gives? We also visited their design center to look at upgrades. Right after we went to Home Depot and saw saw fixtures and flooring that are pretty much the same that are about 25% less. Are builders really that big of crooks? August 19 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.