Exactly. Appraisals are simply negotiating tools. Ya really like that $2million pool? Fork over the cash.
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Do most lose money when they build a mansion?
- Thread starter Amun Ra
- Start date
Exactly. Appraisals are simply negotiating tools. Ya really like that $2million pool? Fork over the cash.
That house...is a lot. It's huge and clearly very luxurious but there is something off about it. Beautiful wooden floors though.https://www.zillow.com/homedetails/2101-Adel-Dr-Loganville-GA-30052/98022149_zpid/
Found a ton of these mostly on the eastern side of the US where they are well over 10k sq ft and so many seem to sell for about $100 per sq ft. Does the price per sq ft go down significantly when building large or do these guys just sell at a loss just to get out of the property?
%%https://www.zillow.com/homedetails/2101-Adel-Dr-Loganville-GA-30052/98022149_zpid/
Found a ton of these mostly on the eastern side of the US where they are well over 10k sq ft and so many seem to sell for about $100 per sq ft. Does the price per sq ft go down significantly when building large or do these guys just sell at a loss just to get out of the property?
NO/price for building big tends to go the other way/big up;
even though a builder[ or commercial contractor] may get a price discount on materials with volume. Big apartments may get a better buy, but that's per apartment + varies anyway\location.
Big land may get a better buy per acre, depending on location..........................
Zillow Quits Home flipping Business , cites inability to forecast prices.''[ WSJ-Fox Business]
Taxes?? Varies greatly even when the appraiser gets it right. I get greenbelt lower taxes on mine \but that's for farm with profit plan.