Defintely a good place to start is dividing the asking price by the square footage to ascertain the price per square foot. Then compare that to the recent comparable. Of course if it is bigger by far than most of the neighborhood, then this figure will be more diffcult to determine, since biggest and best in a neighborhood will not usually get the average price per square foot.

When a smaller home is nestled in amongst larger homes, it is a plus; not so in reverse, as a larger home amongst smaller usually drags the average price per sq ftg down a bit or more.

Your last question can be true, as many times a seller's expectations are unrealistic when their home is the biggest and/or best.

Have agreat week,
Dee Nofziger, REALTORDanberry Realtors
419-260-1435

Hi, all the answers you have received are correct and the best approach is to have good buyer's agent do a market analysis for you. Hopefully the pool is newer, and is something you truly want. In our area, in-ground pools are considered to be a negative in most situations, and there are plenty of sellers who filled in the pool with dirt after finding out that trying to sell a home with an older in-ground pool is a challenging, slow process. Besides the tax valuation, we can look at recent sales of similar homes, like an appraiser would do, and adjust values accordingly. We can also look at what mortgage amount may may owed on the property that in a declining market might be affecting the saleability; in other words, the sellers owe more than the home is worth and without a bank-approved "short sale" they can't sell the property below the current asking price. We may have to help the seller with a short sale, which does add time and some risk to a buyer's offer. I offer to my buyer clients a 25% rebate of any commission coming into my office, so that could save you some serious money if you need an experienced buyer's agent.

Sounds like you need a Realtor,as well,look at sqft price,they have prob over blt.

On the most recent comp, calculate the cost per square foot. Then take that and times it by the square footage on the home you are looking at. Where does it stand?

I am not saying this determines the exact value as often times a home is worth much less than this figure, I am just trying to see what ballpark it is in.

Does it have any other features besides more square footage that makes it worth more in your opinion? More land, more beds, baths, upgrades etc?


Let us know some more details.

Sean Dawes

If you are working with a Buyers Agent then he/she can give you comparables with adjustments for the differences in square footage and ameneties as well as advice on what to offer.