Price vs. Value
Posted by Joshua Keen on Tuesday, June 19th, 2007 at 6:43am.There are just two things you need to know about the real estate market:
1. Every HOME has a VALUE in today's market.
2. Every SELLER has a PRICE for their home.
Now, you may be asking yourself...What's the difference? A key distinction that is often overlooked in our industry is that of value vs. price. You see, the VALUE of a home is the what a ready, willing and able buyer pays for that home in today's marketplace. PRICE, on the other hand, is merely a strategy devised through the offering of a home to the market for sale.
1. Every HOME has a VALUE in today's market.
2. Every SELLER has a PRICE for their home.
Now, you may be asking yourself...What's the difference? A key distinction that is often overlooked in our industry is that of value vs. price. You see, the VALUE of a home is the what a ready, willing and able buyer pays for that home in today's marketplace. PRICE, on the other hand, is merely a strategy devised through the offering of a home to the market for sale.
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