DeeLight 8 Report post Posted August 19, 2012 Wow, so much to learn! I have a deal on the table that seems to be in demand----without the FOUR eager t/bs knowing all the particulars. Here's the rub: this house is hard or impossible to comp. All the houses in the area are "less than" this house. They are in the $77k to $104k $$ per sf range. This one is on sewer others are all on septic. This one clearly leads the pack but how do I figure a good price on it? The OOS owner (a builder/developer who seems to be hurting) wants $275k; the highest comp in the area at $98.7 per sf sold recently for $225. This house I'm working with is $147 per sf. Thanks for your input!! p.s. just did the math on the highest comp in the area---not the closest---it sold for $225k (as above) so if it had sold for the $$ persf that this house is it would have sold for $334,632. So does that mean that this house could very well appraise for $300k ish in 1-2 yrs? omgosh my brain Share this post Link to post Share on other sites
MichaelC 160 Report post Posted August 20, 2012 Dee, no one on the board can tell you the value of that property. Way too many variables go into that, including knowing the local market. You know more than you think and if you put that knowledge to work you will come up with an accurate determination of value. Trust your judgement, get some numbers in place, and get 'er done. Share this post Link to post Share on other sites
DeeLight 8 Report post Posted August 20, 2012 Yup, getting her done!! I got a contract and am marketing!! Share this post Link to post Share on other sites
MichaelC 160 Report post Posted August 20, 2012 Good for you! Listen to the market. It will let you know whether or not your terms are in line. Share this post Link to post Share on other sites
<Steve> 82 Report post Posted August 20, 2012 Congrats Dee! Is this a CA? Share this post Link to post Share on other sites
DeeLight 8 Report post Posted August 20, 2012 Yes Steve but I even have a potential straight buyer on it too. It's a non exclusive so I hope I find a buyer first!!! Share this post Link to post Share on other sites
<Steve> 82 Report post Posted August 21, 2012 Yes Steve but I even have a potential straight buyer on it too. It's a non exclusive so I hope I find a buyer first!!!I hope you do too! Nice! Share this post Link to post Share on other sites
MichaelC 160 Report post Posted August 21, 2012 Yes Steve but I even have a potential straight buyer on it too. It's a non exclusive so I hope I find a buyer first!!! Straight. . .Gay. . .what difference does it make?? Sorry, couldn't resist. . . Share this post Link to post Share on other sites
DeeLight 8 Report post Posted August 21, 2012 :lol: :lol: :lol: :lol: :lol: whooh, gasp. U r funny MC Share this post Link to post Share on other sites
