Mranon, Before I became a sales agent I was an appraiser in the Truckee/Tahoe area for 7 years and have great insight into the valuation of this market. Focusing on price per sqft is very dangerous as there are so many factors that go into price per sqft including neighborhood location, setting, topography, orientation, quality, condition, room count, floorplan, etc. Often times a smaller home will have a higher price per sqft than a larger home on a similar lot because the lot value is a constant and the size of the house is a variable thus the larger house will have a lower price per sqft.
Depending on what neighborhood you are looking at in Truckee pricing has fallen back to 2002 - 2004 numbers and some neighborhoods are showing more strength than others creating superior opportunities. As a Truckee-Tahoe Realtor I am well versed in pricing in all the neighborhoods, I know how to help you find the best deals in the market, and I know that I could help you figure out a pricing strategy that makes sense on many levels.
I feel that it would be in your best interest to talk with me in order to discuss your overall goals, a price range that you are comfortable, and the type of home that you would like to own. That way I can spend my time focusing on the factors that make a given property a good deal and I can consult with you in order to achieve your real estate goals.
Depending on the neighborhood pricing in the $250 -$300 per sqft range is not absurd at all.
Replacement value is very specific to a given property as the overall level of quality, size of house, and floorplan will significantly effect replacement value. In this area it is extremely hard to build a house for less than $200 per sqft unless you are building the house on your own. I am well versed in construction costs and have resources to figure out a reasonable range for replacement cost.
When dealing with foreclosure properties the banks will look at all reasonable offers. If a given home is priced significantly below the market and it is a descent home there is going to be competition which will most likely drive up the price. I am very experienced in dealing with REO properties, getting offers accepted, and watching out for my clients interests.
I would be happy to further discuss any of your questions or concerns so please do not hesitate to contact me. Have a great day and I look forward to helping you achieve your real estate goals.
Best regards, Dave
David Westall, Realtor
Tahoe Riverfront Realty, Inc.