Price per square foot when all other things are equal.

[Craig Parsons]

So I am looking at a property in which I think the asking price is a bit high. My reasoning is based on comparison of rent to price ratio and square footage of other properties on the market.

So for sake of discussion let's pretend we have 2 houses side by side that both currently bring in 1% of asking price from rent. Both places are tri plexes.

The catch is one house is 2.9 times larger in square foot than the other but it's only about 15% more expensive.

My question is how much of a bargaining chip is the size factor when negotiating with the seller?

There are other factors as well such as the larger property is one 4 bedroom unit with two 1 bedrooms. And the smaller is two 2 bedroom units and one one bedroom unit. Does this affect my offer price as well?

Thanks for reading and hopefully discussing!