Monday, May 17, 2010

All I Do Is Harp About "The Price!"

In real estate, be it residential or commercial, it is all about price. 
The saying that people always throw about is “Location, Location, Location!”

But, the truth - “it is all about price, price, price!”

Several key issues come into play when determining price, such as:
  • Location, 
  • Highest and Best Use of location,
  • Condition,
  • Similar property sales (recent),
  • Competition (supply vs. demand)
Here we have been discussing the price but not the value? The market (buyer) will set the price based on the perceived value.

Gary L. Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.  Whether your interest lies in a 55+ community such as Heritage Isle, a golf course community such as Baytree National Golf Links or water front, give me a call!