Market Conditions in 98467>Question Details

lee, Other/Just Looking in University Place, WA

would 165 pre sq foot be to much to pay for a 1500 sq ft remodel on 1/3 acre in 98467?

Asked by lee, University Place, WA Sat Feb 2, 2013

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8
Lee,
It could be, or it could be a bargain. $perSqFt is not a universal safe means of determining value. What if two 1500 square foot homes were 1 block away. One was "remodeled" by the home owner using cheap materials and amateur skills. Another was remodeled by a professional using top notch materials and great skill, are they worth the same?
You need to have a local professional on your side to evaluate all aspects of this deal, price, quality, terms etc.
1 vote Thank Flag Link Sat Feb 2, 2013
Depends on the property. Is there a view, land?
0 votes Thank Flag Link Thu Apr 10, 2014
The answer lies in the market analysis that any competent buyer broker will do for you before you purchase any property. A blind analysis is worthless and doesn't give you any basis on which to make a decision. Get connected to a local pro and ask these questions about a specific property. Generalities are just that.
$165 per sq ft is undervalued if ........... you fill in the blanks. I know I can if told what the address is and what condition is.
0 votes Thank Flag Link Fri Jun 21, 2013
it depends, Right now the market is really hot if your selling a home. Does the home have a view, or a basement, some add value some subtract.
Frank
0 votes Thank Flag Link Sat Feb 2, 2013
Get at least 3 bids minimum before you commit to anyone!

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
0 votes Thank Flag Link Sat Feb 2, 2013
Hello Lee,
the average Price per Sq. ft. in 98467 is $144 as of December. we are seeing a change in the market and inventory is low which will factor in.the quality of the remodel will determine if it is worth it or not as Dan mentioned.1/3 of an acre can be hard to come by in university place. it sounds like you should be ok but you should have your realtor do a CMA on the home you are purchasing to make sure you are getting the most for your money. if you are not working with an agent you can give me a call and I would be happy to do one for you at no cost.
hope this helps
Cyrus
253-343-4910
cyrusbonnet@windermere.com
http://www.soldiersagent.com
0 votes Thank Flag Link Sat Feb 2, 2013
Hi Lee, Have your Realtor prepare a Comparative Market Analysis for you. This will show you what the prices are in the area.
0 votes Thank Flag Link Sat Feb 2, 2013
Lee, I agree with Dan Tabit. Work with a local broker--he or she shouldn't charge you for the service.
Web Reference: http://cbbain.com/paulpival
0 votes Thank Flag Link Sat Feb 2, 2013
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