Home Buying in Lapeer>Question Details

Bbonarde, Home Buyer in Lapeer, MI

I'm a first time home buyer, what should I look to spend per sqft in Davison/Lapper MI? Should I look for a starter or family home with this?

Asked by Bbonarde, Lapeer, MI Fri Apr 22, 2011


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Check out this listing - I lived in this house for 4 months in transition to my relocation to Atlanta and it's sooooo adorable! So much history, yet quaint and totally remodeled and affordable! If I lived in Lapeer/Davison area - I would live here! Good luck with your findings!!
0 votes Thank Flag Link Tue Sep 25, 2012
Buying a home by pricing the square foot does not work in todays market. It maybe a good way to price builder, but in todays market you will not find a builder that can compete with homes already on the market, even if you have to fix them up to meet your needs and taste. You should be shopping with a Realtor that is educated in the area and cal show you comparable sales in the area to teach you what you can get for your money.

I grew up in Davison and now live in Lapeer. I am one of the top volume Buyers agents in these areas. If you need further assistance I would be happy to help you.

Doug Ferrell
Cell: 810-691-0731
0 votes Thank Flag Link Tue Jul 5, 2011
Good Morning Bbonarde

The first step is to get prequalified for a mortgage. There are lenders out the offering assistance to first time homebuyers with their closing costs. There are too many factors to quote a price per square foot. You're looking in 2 different counties. We would need to know a price range to be able to calculate from. You need the services of a Buyers Agent who will be able to run comparables for the area you find a home in. If you have any additional questions or need assistance just give me a call or send me an e-mail.

Good Luck,

Karen Paytas, GRI, CMS
Real Living Kee Realty
0 votes Thank Flag Link Fri Apr 22, 2011
Hello Bbonarde,
Call me. I can answer all of your questions and get you started in the right direction.
Kind Regards,
Angeline Brown
Vice President/Owner
Browns 1st Class Realty Inc.
Web Reference: http://www.itshome.org
0 votes Thank Flag Link Fri Apr 22, 2011
First of all, I would talk to a mortgage broker or lender to determine what you qualify for, and what you're comfortable with. Next, find a Realtor who can work with you as a Buyer's Agent. He/she will search for properties in the local MLS that fit your price range and other search criteria (location, SF, #BR/BA, style, schools, etc). Next, I would NOT base your decision on price per SF -- because typically, the larger the house, the lower the price per SF!

Say you are looking at a 1,500-square-foot home that is listed for $150,000. The price per-square-foot is $100. Maybe the home next door is 2,000 square feet, and it is listed at $185,000. The price per-square-foot of the larger home is $92.50. Is the $185K house a "better deal"? Who knows?!

This is why you need a Realtor working for you. They will be able to help determine which home has the better value and can determine what a good offer would be, base on sold comps in the area.

Good luck!
Web Reference: http://www.sallygrenier.com
0 votes Thank Flag Link Fri Apr 22, 2011
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