HomeQuestionsUnderstanding price per square footage when buying or selling a home IMPORTANT NOTE: If you want to be included in my article, you must agree to give Rocket Mortgage permission for you to appear in this article by filling in your name in the blank below. If you don’t grant this permission now, ahead of time, I cannot use you in my story. QUESTIONS: 1. Please fill your name in this blank and email me back this entire paragraph along with your written responses to the rest of the questions below: I, _______________(INSERT YOUR NAME) hereby give my permission to Rocket, LLC and its affiliates, agents, and partners (“Authorized Persons”) to use my name, likeness, and any quotes, statements, or media I provide (collectively, “Materials”) for marketing, advertising, or promotional purposes. This includes use on websites, social media, digital or print ads, and other marketing platforms. I understand that my quote(s) may be edited for clarity or length but will not be misrepresented. I confirm that my statements reflect my honest opinions and experiences. By sending this electronic email, I grant Rocket, LLC the right to use these Materials and my Likeness without further approval or compensation. I also release Rocket, LLC from any liability related to the use of this content as outlined above. 2. Please define and explain what price per square foot is and why it’s important to calculate and understand when you are attempting to sell or buy a home. 3. If you are preparing to sell and list a home for sale, should you have your home’s square footage re-measured to ensure accuracy (as opposed to trusting what you were told when you bought or built the home)? 4. What is the best way to most accurately and precisely measure square footage in a home (use a measuring stick, laser, etc.)? 5. What kind of interior space (including basements and attics) can count toward your square footage when listing a home for sale and what cannot? 6. Why is price per square foot an important metric to gauge and use as a tool of comparison when selling or buying homes? 7. Explain how to best compare price per square foot and how these measurements can vary from home to home. 8. Explain what the median price per square foot is currently (nationally) and how your home’s price per square foot can vary wildly from the national median. 10. What is your full name, title, company, city/state?

Understanding price per square footage when buying or selling a home IMPORTANT NOTE: If you want to be included in my article, you must agree to give Rocket Mortgage permission for you to appear in this article by filling in your name in the blank below. If you don’t grant this permission now, ahead of time, I cannot use you in my story. QUESTIONS: 1. Please fill your name in this blank and email me back this entire paragraph along with your written responses to the rest of the questions below: I, _______________(INSERT YOUR NAME) hereby give my permission to Rocket, LLC and its affiliates, agents, and partners (“Authorized Persons”) to use my name, likeness, and any quotes, statements, or media I provide (collectively, “Materials”) for marketing, advertising, or promotional purposes. This includes use on websites, social media, digital or print ads, and other marketing platforms. I understand that my quote(s) may be edited for clarity or length but will not be misrepresented. I confirm that my statements reflect my honest opinions and experiences. By sending this electronic email, I grant Rocket, LLC the right to use these Materials and my Likeness without further approval or compensation. I also release Rocket, LLC from any liability related to the use of this content as outlined above. 2. Please define and explain what price per square foot is and why it’s important to calculate and understand when you are attempting to sell or buy a home. 3. If you are preparing to sell and list a home for sale, should you have your home’s square footage re-measured to ensure accuracy (as opposed to trusting what you were told when you bought or built the home)? 4. What is the best way to most accurately and precisely measure square footage in a home (use a measuring stick, laser, etc.)? 5. What kind of interior space (including basements and attics) can count toward your square footage when listing a home for sale and what cannot? 6. Why is price per square foot an important metric to gauge and use as a tool of comparison when selling or buying homes? 7. Explain how to best compare price per square foot and how these measurements can vary from home to home. 8. Explain what the median price per square foot is currently (nationally) and how your home’s price per square foot can vary wildly from the national median. 10. What is your full name, title, company, city/state?

Asked by Rocket Mortgage

Asked 4 months ago

Reviewed by Featured.com

1 Answers

Albert Richer

Founder & Editor at WhatAreTheBest.com comparison data

Answered 4 months ago

I, Albert Richer hereby give my permission to Rocket, LLC and its affiliates, agents, and partners to use my name, likeness, and any quotes, statements, or media I provide for marketing, advertising, or promotional purposes. This includes use on websites, social media, digital or print ads, and other marketing platforms. I understand that my statements may be edited for clarity or length but will not be misrepresented. I confirm these statements reflect my honest opinions and experiences. By sending this electronic email, I grant Rocket, LLC the right to use this material and my likeness without further approval or compensation and release Rocket, LLC from any liability related to the use of this content. 2. Price per square foot Price per square foot is the home price divided by total livable square footage. Buyers use it to compare value across neighborhoods and sellers use it to validate pricing against recent comps. 3. Should sellers remeasure Yes. Many listings contain inaccurate legacy measurements. A fresh measurement avoids appraisal problems and buyer disputes. 4. Most accurate measurement tool A laser distance measurer combined with interior sketches is the most precise and repeatable method. Professionals often pair it with digital floor plan software. 5. What counts as square footage Only finished, heated, and above grade areas count. Basements typically do not count unless fully finished and walkout grade. Attics only count if finished, climate controlled, and meet ceiling height rules. 6. Why price per square foot matters It standardizes comparisons. It helps buyers identify outliers and helps sellers justify their pricing with quantifiable benchmarks. 7. How to compare ppSf correctly Always compare homes with similar build quality, finishes, layout efficiency, and usable space. Large homes often have lower ppSf while smaller homes trend higher. 8. Current national median ppSf The national median is about 222 dollars per square foot, but market dynamics vary. A well located home can be double the median while rural or aging properties can fall far below it. 10. Contact Albert Richer Memphis, TN Albert Richer, Founder, WhatAreTheBest.com.

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Albert Richer

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Albert Richer