Question

What is the most important factor in determining the offer price of a​ home? A. The...

What is the most important factor in determining the offer price of a​ home?

A.

The market analysis to find the per square foot price of other homes nearby

B.

The highest price you are willing to pay that the seller will accept

C.

The quality of the structure and materials

D.

An estimate of the future value of the home for resale

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Answer #1

D. An estimate of the future value of the home for resale

Most important factor in determining the offer price of a​ home is an estimate of the future value of the home for resale.

Even if A B & C suggest that suggest that price of home is high, it won't matter much if estimate of the future value of the home for resale is enough to get the required returns on sale of home.

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