Quote:
Originally Posted by Repsol
Good points from all. Comps in the ara range from $85-87. Which is why I'm hesitant to match at $96. Area is good and is next to new schools. It was listed at $103 orginally and lowered to $96 around 21 days later.
Fyi - I already own a house but I'm renting it out and looking to pick up another property which is why I'm I'm looking at price per square more than anything.
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as people have said above though, $/sq ft is a REALLY short sighted way of looking at houses, and I'd really advise against it. Many houses have unpublished increases in sq/ft (additions, finished basements, finished attics, etc) and they don't get taken into account.
What comes into play is the comps for comparable houses....the $/sq ft should play a very minor rule in all of this....