Price Per Square Foot: A good value?

Pricing a property is a real challenge. It’s a big challenge to real estate agents, buyers, and sellers, too. Perhaps, this is the common error an agent and homeowners can experience when pricing the property per square foot measurement.

There were a lot of things to consider before providing the actual value of a property. There are many ways to measure the true value of a home to convert it to a reasonable and correct price. You can use the price of the comparables in the same area and compare the price per square foot.

There’s also a more in-depth analysis to acquire the real value of a property using comparisons to calculate the value of the home. And this type of valuation is typically done by a Certified Appraiser.

So, how do you really calculate the price per square foot? 

Definitely it is calculated by dividing the price of the home per square foot. And it includes the square footage of the property, the price per square foot, and the price of the property. As an agent and homeowner, you don’t want your listing to expire. So knowing how to compute the real value, will definitely get your listing to the right place. Now is the right time to acquire the skill of price per square foot. There’s a lot of ways to do the computation. Buyers and sellers always wanted the price per foot.

Price per foot doesn’t count for upgrades. Whether or not the seller did renovations, that won’t matter if we’re pricing it per square foot. But upgrades/renovations rather make the property more salable. 

Market knowledge is still required when doing this. Mastering these skills will benefit both the buyer and the seller. With that said, it is also important that you have a good discernment and integrity especially if it’s the pricing that we’re talking about for a good agent to seller and buyer relationship.

Have you liked our FB page yet? Click the link and hit the like button. Dietz Appraisal FB Page