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Value vs Price


A realtor recently posted something about value versus price and it really got me thinking…

I was at the grocery store and I was going to buy some steak. There were the premium brands and then there were a bunch with a big red sticker on them at a discounted price. The first thing I did was pick up and thoroughly inspect the discounted meat because my first instinct was that something had to be wrong with it in order for it to be priced so low. Those of you who know me, know that I am always looking for a bargain so I pondered over the small purchase and decided to go with the more expensive steak. Why? The perceived value.

 I think it is the same in real estate. I often hear people asking who is the cheapest for inspections, lawyers, appraisals, realtors ext. When it comes to potentially the largest purchase of your life, do you really want to use the most discounted services? Personally, I use the people who I feel confident will give me excellent service. Sometimes that old saying “you get what you pay for” rings true. For example, I would rather use the home inspector who costs a little more if they catch a flaw that could potentially cost me thousands if it went unnoticed. Or a realtor who has a higher commission if they will sell my property faster or get me a better bargain on a purchase, which could again save me thousands.

I know this can be a touchy subject, but it is just some food for thought…

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