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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