Everyone has their own perception on home buying. What one person thinks a house is worth is sometimes a big difference from what someone else has in mind. Jeff Dowler points this out in his post below.
The Question is Not What Does it Cost, But What is it Worth?!
We enjoyed a couple relaxing days in the California desert for New Year’s. And on New Year’s Day, in addition to the Rose Bowl Parade I watched a older movie, “You Have Mail” (remember AOL??) with Tom Hanks (a fave actor of mine) and Meg Ryan.
Whether you remember it or not, one of the lines in the movie that really caught my attention…and I am paraphrasing, although I think I am close…was “the question is not what does it cost, but what is it worth?!”
Really, that is what it’s all about in our business. And it's true about other things as well.
So many people get caught up in what homes cost…”it’s overpriced,” “I wouldn’t pay that much for that home,”…but don’t consider that it is all about what the home is worth.
In other words, what is the home’s value and what is someone willing to pay for it. As well as what it is worth to you!
Some homes are worth far more than the cost. Take oceanfront property.
Oceanfront homes in my area are selling in the $1000 to $3000+/SF range at the moment. Based on size, some homes would probably sell in the $200 - $275/SF range away from the beaches.
Oceanfront homes are worth that because of the lifestyle they afford and people’s willingness to pay what is necessary to get a home on the ocean.
But not everyone would find the same value in these properties, even though the worth has been set by the current market.
That’s where our expertise and knowledge of the market comes in
Another perspective…what is it worth to sell your home now and move on with your life plans, whatever those might be vs. hanging out for a particular price, or holding off for now hoping for that prices will improve. Yes, you may not make as much as you could have a number of years ago, but what is the cost of waiting?
Some things are hard to put a dollar figure on.
The true value, or worth, is not necessarily monetary but could be peace of mind, a new life somewhere, a different job you can enjoy, more free time, and other intangibles that are worth far more than they cost.
It seems some things are worth more than they cost. Others are not worth what they cost.
Something to consider, don’t you think?!
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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com
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Opinions are of Karen Hurst, Broker/Owner of Stonehurst Realty only. For a free consultation, visit me at Stonehurstrealty.com and find out if this is your time to buy or sell!
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