Question
Denise and Kenny are ready to make an offer on an 1,800-square-foot home that is priced at $135,000. They investigate other homes on lots of
Denise and Kenny are ready to make an offer on an 1,800-square-foot home that is priced at $135,000. They investigate other homes on lots of similar size and find the follow-ing information:
A 2,400-square-foot home sold for $168,000.
A 1,500-square-foot home sold for $106,500.
A 1,100-square-foot home sold for $79,000.
What offer should they make on the home?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
