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Asked by Erwin Eschert, 32 hillcrest drive colts neck,nj07722 Wed Nov 19, 2008

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Derek Joyner, , Winston Salem, NC
Wed Nov 19, 2008
Acre price is for land only. Asking price is the price for finished sq. ft. Sales price is what someone actually pays for the finished sq. ft. Example. I have a house listed for $100,000. It is a 1000 sq. ft. house. The asking price per sq. ft. is $100 per sq. ft. If you and your agent come in and offer us $90,000 for the home and my sellers accept. The sales price will be $90 per sq. ft. On the acre price. If I have a 5 acre lot available for $25,000. The price per acre is $5000. If you and your agent come in with an offer of $22000 for the 5 acres. My sellers accept. Now the sales price is $4400 per acre. Hope this helps.
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