Market Conditions in 48170>Question Details

Michael, Home Buyer in Plymouth, MI

what is the price per square foot for exisiting homes in 48170?

Asked by Michael, Plymouth, MI Fri May 16, 2008

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5
Zip codes are not good search criteria. I just answered the same question for a zip in my area, and the prices ranged from about $63 to $109 per s.f.

You need to specify a neighborhood, the number of BR, BA, whether 1 story or 2, features, amenities and upgrades. Then what will you do with the info? Do you have a negotiating strategy beyond just your price offer? Do you know what you need form the seller before you make an offer? What about the option period? Are you dealing with a FSBO or an agent for the listing brokerage--neither has any motivation to serve your interests and advise you. For that matter, an agent for a listing broker will want to get as high a price as possible from you.

Buying a home is unlike any other purchase, and requires a great deal of knowledge and understanding in a range of factual matters and processes. Since using a buyer's agent will cost you no more, and provide you with council and representation that can help you get your best bargain, you should rethink your approach to buying a home.
1 vote Thank Flag Link Fri May 16, 2008
Hi Michael, Here are a couple of more things to consider if you are using price per square foot as a gauge for property values. Usually the more square feet the home has, the less $ per square foot it sells for. I hope this helps. Michael Warde http://www.MiBestHomes.com
Web Reference: http://www.MiBestHomes.com
0 votes Thank Flag Link Sat Feb 15, 2014
depending on location within the zip code and condition price per square foot can range from $100/ft. (worst case scenario), $115/ft. (in the twp. especially) up to $125/ft. (downtown Plymouth).

Hope this helps!

Jeff Glover
0 votes Thank Flag Link Wed Aug 18, 2010
Michael, Appraisers calculate the price per sqft of a home as one way of determining the value. You will be paying your lender to have that done after an offer is accepted.

I would agree with Gordon, a Buyer's Agency Contract is the only way for a real estate professional to legally work for the home buyer in Michigan. Ask your Buyer's Agent to run comparable sales prior to placing an offer, this will give you a range of value.
Web Reference: http://mi-living.com
0 votes Thank Flag Link Fri May 16, 2008
Hi Michael,

The home prices vary quite a bit in Plymouth because of the mix of styles of homes. If you have selected a home to purchase your buyers agent should be able to provide you with a market analysis on that particular home. If you don't have a buyers agent I would be happy to help, I am very familiar with Plymouth.

Gordon
Gordon@MInextHome.com
Web Reference: http://www.MInextHome.com
0 votes Thank Flag Link Fri May 16, 2008
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