0
Still curious? Ask our experts.
Chat with our AI personalities
Rene
Professor
ViviAdd your answer:
Earn +20 pts
How do you estimate the cost per square foot of a home?
The simple calculation is to divide the cost of the home by the number of square feet in the home. Typically, internet sites such as Zillow will do the work for you and list the price/square foot. There may be a big difference between the price per square foot on the asking price and the price on homes that have actually sold. In both pricing your own home and making an offer on a home that you'd like to buy, it's important to see the price per square for homes that have actually sold. You need to pull a report of the homes for sale in your area. You can do this by visiting one of the sites on the web that offer that service, or by contacting a local real estate agent. How much are the comparable homes in your area charging per square foot? Do you have more upgrades or less than the comparable homes? Take the average of all the information and calculate your own price. Granted it needs to be reasonable. You can also call an appraiser out to make an official estimate. They cost anywhere from $250 to $350. They will measure your actual square footage and give you a full report. Its probably something you will have to pay for as a seller anyway when you plan to sell your home.
What is the median price for a home in Cleveland?
"Depending on the size of the home you are looking to buy in Cleveland , for a average size home it can run from 160,000 anywhere to 250,000 right now."
What is the median price of a home in 1955?
In 1955, the median price of a home in the United States was approximately $18,000. This figure reflects the post-World War II housing boom, where demand for homes surged as returning veterans sought to settle down. Adjusted for inflation, this price would be significantly lower than modern home prices, highlighting the changes in the housing market over the decades.
Is the adjusted sales price on a home appraisal the sale price?
no. the sale price is whatever the two parties agree on. The appraised value is just that, a value that someone appraised the value to be. (Although the lender does put more value on the appraised value than on any other.)
Alexis paid 20700 as a down payment for her new home. If the down payment was 11.5 percent of the total price of the house what was the total price?
20700 is 11.5%. 20700 ÷ 11.5 = 1800 (1%) 1800 x 100 = 180,000
