valuation: Why appraisers do not love price per square foot
- 06/06/19 05:25 PM
Often, buyers and sellers are under the impression that it is simple to price a house by its square footage. Nothing is further from the truth, unless of course, all the comparable properties considered are within a couple square feet of each other and have the same quality and condition and are in the same immediate neighborhood with no variation in the value of the site.
Underneath all is the land. This means that a house that sits on a hypothetical 60x120 sqft site should have the same underlying value if the house were 1,000 sqft or 2,000 sqft. If land is … (0 comments)
Often, buyers and sellers are under the impression that it is simple to price a house by its square footage. Nothing is further from the truth, unless of course, all the comparable properties considered are within a couple square feet of each other and have the same quality and condition and are in the same immediate neighborhood with no variation in the value of the site.
;)
;)
