I expect you are referring to sq ft cost at $190 to $210.
YOu can only make an educated decision when you personally see the homes in your price range. There are plenty of them and you won't be disappointed.
Frank Hoinsky, Broker
Ansonia,CT

First of all, I will not list an overpriced house, so appriasals haven't been an issue for me. The rare times I've had one that was slightly over, I never got close to selling it without a major price cut in negotiations. I didn't get showings!

Let me know when you have an answer, I am currently dealing with this issue with a potential new listing. This acquaintance thinks their home is worth $100,000 more than new construction 1/4 mile away. I hate to walk away from an acquaintance but I've done it before. One I walked away from a year and a half ago is still listed with an ineffective agent who is in my own office. The seller has missed the boat. I feel bad for them but they chose to list with someone who lied to them. Go figure.

Tell the seller to get their home appraised. Then when it comes in less than what they think, remind them no one will buy the home since the bank wont lend. Only way is if you get a cash buyer who doesnt know a thing about market pricing.

I would include comps of similar homes with your offer. See if that helps.



Sean Dawes

My suggestion is to put in your offer with the wording that House must appraise at full purchase price. That way you are covered in case the house does not appraise.

Often times homes have been updated to be much better than new and that could be why the prices seem too high for you, but they will definately appraise out. There are many factors involved in the appraisal process, not just new vs old.

Hope this helps....AManda