Guess Who REALLY Sets The True Price On Houses? Hats?
Gary has a simple way of distilling almost any idea in real estate to easy-to-understand terms. And pricing is no exception.
If you have had the pleasure of being "coached" by Gary, I suggest that you take some time to go over his archive of treasures.
Bon Appetit!
I sometimes think I see the world in too simple of terms compared to everyone making everything so darn complicated.
Guess Who Really Sets The True Price On Houses? Hats?
Well you may think the seller does since they have the product. But remember THEIRS is the fantasy price, not the real price. What they call the ASKING price. In a strong buyers market (lots of supply) the prices will fall. In a strong sellers market (lots of demand) prices will rise.
Back to Gary's simple pea brain again. See this lady with the funny hat? Well you have to admit it is funny. She would probably say stylish. Name is Princess Beatrice and she was at the Kate and William wedding. That HAT was so popular and got so many comments they auctioned it on eBay. NOW finally the auction is over. It went up and up and up in price with the bid. They thought maybe $10,000 or slightly greater. OK, let your jaw drop to the floor. Memorabilia I guess. Fetched $130,000 from an anonymous donor.
Proceeds to UNICEF and Children In Crisis. A strong Sellers market but the BUYERS again determined the price.
THINK BUYERS always in price. The new iPad2 comes out. What happens to the iPad1??? Big fire sale. Got it? Remember the funny hat lady!!!
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