What's the max you will pay per sqft.
Just wondering?
I have been making offers on and going right around $50 a sqft.
Is there some way you try to find the right price for the offer?
The properties are all REO's and some will be cash at closing or trans-finance.
Most Popular Reply
Price per square foot is not the best way to value a residential property. Instead, you should be looking at comparable properties within a half-mile to a mile radius that have been sold in the previous six months. That will be a better indicator of the value of your property.
Once you have the value, you can subtract out your costs (rehab, holding, purchase, selling) and your desired amount of equity/profit to determine a reasonable offer price.
There has been plenty written here about how to do this...keep reading these forums and you're sure to learn a lot...