Dollar Per SQFT Rant

The reality of “Price per Square Foot”…

  • It has become common lingo among many agents, title reps, and marketing firms.
  • The stat itself, does not tell the whole story of the property value
  • It easily becomes a “debatable” statistic that prevents a great “selling conversation”
  • Typically, agents who are not skilled in pricing have a greater tendency to use this formula.

Where Price per Square Foot is great:

  • Construction purposes
  • Commercial real estate, where emotion is less influential
  • The words “price per square foot” does not mean the same as “value”
Posted on June 21, 2018 at 11:08 pm
Eric Karlene | Category: Info

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