You are considering the purchase of a 2,300 square foot house that is being offered for $238,500.After researching recent home sales in the area,you find three that are comparable.The first was a 2,500 square foot home that sold for $225,000,the second was a 2,200 square foot home that sold for $200,000 and the third was a 2,000 square foot home that sold for $178,000.Based on your analysis,what would be a reasonable offer on the house? (Round all computations to the nearest dollar.)
(a)$210,000
(b)$207,000
(c)$205,000
(d)$201,000

Question

Quizplus · Accepted Answer

The Answer of You are considering the purchase of a 2,300 square foot house that is being offered for $238,500.After researching recent home sales in the area,you find three that are comparable.The first was a 2,500 square foot home that sold for $225,000,the second was a 2,200 square foot home that sold for $200,000 and the third was a 2,000 square foot home that sold for $178,000.Based on your analysis,what would be a reasonable offer on the house? (Round all computations to the nearest dollar.)
(a)$210,000
(b)$207,000
(c)$205,000
(d)$201,000

You Are Considering the Purchase of a 2,300 Square Foot