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

question 85

Multiple Choice

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

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Definitions:

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