Price VS Square Foot
By Herb Hamilton, Real Estate Broker ,CDPE, Downtown Portland
(RE/MAX Preferred Inc. Realtors)
The Price per Square foot argument. It is not all that often but on occasion I do get a Buyer or two who are over enamored with the Price per Square Foot question. Here is the Story. After showing Bob and Sue this perfect little Condo in downtown Portland the other day they wanted me to send them some comps. I am always more than happy to do that as a well informed Buyer is a Happy Buyer. After viewing the comps Bob emails back and wants to make an offer based on his calculations using Square Feet. So a little history about this property may be in order. First of all it is a Bank Owned ( REO ) property with a price tag at $54,500 is lower than any other Condo in the entire area. Secondly it is a Studio of about 388 SQ FT and had previously sold for $139,000. Third it is in a Building th...
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