Posted by Bronchick on December 18, 1998 at 14:14:24:
Good to mark it up, but I would not necessary trust the “appraised” value. You may be able to get more, regardless of appraisal or average price per sqft.
For example, if the neighborhood is $80 to $100k, I would ask for $89,900. Buyers rarely dicker much on the price of lease/option homes.