TOPIC: Buying a HOME 21) HOME PRICE OFFER. Your friend is ready to make an offer on a 2300 sq. ft. home that is priced at $435,000. She investigates other homes on Lots of similar sizes, within the same neighborhood. A 2,200 square foot home that sold for $450,000. A 2450 square foot home that sold for $495,000. A 3000 square foot house that sold for $550,000. What is the approximate market value of the house she is interest in? Is it undervalued or overvalued?

TOPIC: Buying a HOME 21) HOME PRICE OFFER. Your friend is ready to make an offer on a 2300 sq. ft. home that is priced at $435,000. She investigates other homes on Lots of similar sizes, within the same neighborhood. A 2,200 square foot home that sold for $450,000. A 2450 square foot home that sold for $495,000. A 3000 square foot house that sold for $550,000. What is the approximate market value of the house she is interest in? Is it undervalued or overvalued?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section: Chapter Questions

Problem 2DTM

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