how could a realtor selling new homes project a value based rerail image ?how could a realtor selling 20 year old homes project such an image?
Value based retail image is used quite often in the commercial real estate industry. Maybe what you’re trying to ask is how does a real estate agent find the current market value differences between new houses and 20 year old houses on the market?
Aside from individuals having houses built around old neighborhoods, many contractors build houses in groups, creating a new market value for that set of homes, but still close to the selling range of the older neighboring houses. They might put a higher listing price on the newer houses, but houses only sell for what buyers are willing to pay, if they don’t get too many offers, then they’ll lower the price. Once the houses start selling at that price, that’s when you know what they’re worth.
December 30th, 2009 at 1:10 am
Value based retail image is used quite often in the commercial real estate industry. Maybe what you’re trying to ask is how does a real estate agent find the current market value differences between new houses and 20 year old houses on the market?
Aside from individuals having houses built around old neighborhoods, many contractors build houses in groups, creating a new market value for that set of homes, but still close to the selling range of the older neighboring houses. They might put a higher listing price on the newer houses, but houses only sell for what buyers are willing to pay, if they don’t get too many offers, then they’ll lower the price. Once the houses start selling at that price, that’s when you know what they’re worth.
References :
real estate agent
http://www.accessavhomes.com