How often do we hear "it sold for XX per square foot!" Almost everyone in the business, buyers and sellers use it. But is it valid? Should we give it much thought? In my opinion, no.
It's only useful for me when negotiating. Because its such a false number, I'm able to use it to my client's advantage when dealing with less savvy "competitors" who use it during negotiations.
It doesn't matter what it is or which side it should favor, it can be argued unequivocally either way. I believe that to be a testament to its uselessness.
The property in the picture? 106 Keswick in Sugar Creek completely updated...5400 sq ft, 625k. On the market beginning May 15th. ,2011
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The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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