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DeeLight

$$ per sf

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Who decides the price per sf of a property? I understand that it is the most concise way to determine fmv for a home. However, I think sometimes a home can still be overpriced for an area or for the amount of inventory available using this formula.

 

Yes? No?

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Agree. Even a property that is priced at what's considered market value may still be priced to high for what someone is willing to pay.

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Who decides the price per sf of a property?

The buyer. What someone is willing to pay determines better than everything else what a property is worth.

Appraisals, cost per SF, etc are all starting points. From there human emotions take over.

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MC hits the hammer right on the head. So for L/Os, selling to the retail buyer and to move houses quickly,

Nice Houses in Good Areas work best.

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And the opposite can be true. Not basing your business model solely on financing, some maybe willing to pay ABOVE market price.

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Who decides the price per sf of a property?

The buyer. What someone is willing to pay determines better than everything else what a property is worth.

Appraisals, cost per SF, etc are all starting points. From there human emotions take over.

 

Wow, such an interesting learning curve. I am learning so much getting this deal done. So, to me right now it seems that there is little that is black and white---other than if the numbers will work for us to take the deal. But even then there are many roads that lead to the $$$.

 

I smell a payday coming soon :D

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MC hits the hammer right on the head. So for L/Os, selling to the retail buyer and to move houses quickly,

Nice Houses in Good Areas work best.

 

Yeah, I am learning that Steve. This one I'm working is that. The only lil challenge is that there is quite of bit in this lil area. It's all good there is a fam for every home . . . I jus gotta find them ;)

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