re: Appraisal on house

quote:

---

That isn’t how houses are priced or sold with the exception of a custom built or contracted built home. You keep making this silly analogy about price per square foot.

---

I disagree completely. That is absolutely how almost all houses are sold as the #1 basis and starting point. Yes there are multiple other variables, with personal feelings as probably #2.

The main reason you use price per sq ft is because you can take any street and houses can vary 25-50% in size. The more expensive the neighborhood then likely the more variance. My street has 1400 sq foot houses up to 4000 sq ft. A 4000 sq ft house sells and you can't say that's the same price range for the 1400. We have houses selling in the high 200s up to 500s. If a larger house sells for 450k then someone with a 1800 sq ft house can't assume theirs is worth the same.

Certainly garages are usually not included, how nice things like kitchens are, what type of lot such as golf course, waterfront, etc. There are other variables.

But if OP was pricing his original offer on the fact the house was 500 sq ft larger, he should absolutely not pay that with it now officially being smaller.