PRICE vs VALUE
The most common question Realtors are asked today is, “Is it time to buy?”
It doesn’t matter if you are looking for a single family home, a townhouse or a condo, a specific location and/or neighborhood, if financing rates are close to historic lows or even if you are a foreigner with a very favorable exchange rate vs the US Dollar.
Clearly there are so many things to consider when you are planning to buy a property, but the one thing that matters the most to Buyers these days is Price, and price only will determine if it’s time to buy.
But what about Price vs Value.
“Price is what you pay. Value is what you get”. This is a famous quote from Warren Buffett – the Chairman of Berkshire Hathaway, the holding company that ultimately owns Esslinger-Wooten-Maxwell, Inc., Realtors®.
From a monetary perspective, Value is define as: “What something is worth to you compared to the price paid or asked for it”.
Keep this Value definition in mind the next time you plan to buy a property.
2008 is becoming the year for opportunities with Excellent Value!
