A Reader writes:
I am very interested in buying a condo near downtown Dallas in an exclusive, small building. The price is over $600 per square foot. I am doing this without a Realtor for personal reasons.
My question is this: I know that condo sales at the Ritz, Museum Tower and One Arts are also in that same price per square foot range, but I wonder if those are fair comparables? They are very different buildings. How would I go about finding comparables in an area saturated with big high rises? Thanks!
Dear Reader: Interesting question. Perhaps our vast real estate brain bank can help you out? I will caution you that while I totally understand not using a Realtor for this transaction, research shows that buyers tend to overpay when they buy without an agent. I also think comparing a smaller building to these large, amenity-loaded high rises may not be appropriate.
Go ahead, go nuts in the comments department!