How to Determine Price Per Square Foot by Zip Code?
AuthorAmanda Dodge. Date:
A large part of real estate is confirming that a house is fairly priced. Sellers want to list their homes at fair levels that will attract buyers and sell quickly. Buyers want to confirm that a potential property has a good price – and will likely appraise within a reasonable level during the mortgage application process. One metric to use when evaluating homes is the square foot price. Tracking the square foot price allows you to compare multiple homes against each other even if they are different sizes. It is a useful tool for gauging how a house is listed. Looking at the average price per square foot in specific neighborhoods can help you learn about the houses for sale. You can even use this tool to compare price points across different ZIP codes or regions where you want to buy. However, many people don’t know how to determine price … Continued
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