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The Question is Not What Does it Cost, But What is it Worth?!

This is a good point. I unexpectedly had to make a truck purchase this week. This sure applied. Many, many tow jobs later and a stack of repair bills facing me ,  I was ready to move on. It was worth it to me to do something to have reliable and safe for my job.

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.

 

Some things are worth what they cost - some are worth moreWhether 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 properties are worth more than they cost, to some at leastOceanfront 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?!

 

My Jeff Dowler signature

 

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Comment balloon 7 commentsCheryl Ritchie • January 11 2013 08:15PM

Comments

This is a great reblog and Jeff makes a really great point. Very thought-provoking.
Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) about 7 years ago

Getting expert advice does not have to be expensive but it is worth every penny IMHO

Posted by Charles Stallions Property Manager, Pensacola, Pace & Gulf Breeze Property Management (Charles Stallions Real Estate Services) about 7 years ago
Moved to higher priced and taxed California, high cost sure, worth it? You bet!
Posted by Pete Xavier, Outstanding Agent Referrals-Nationwide (Investments to Luxury) about 7 years ago
Hi Cheryl, I agree this is a great re-blog. Knowing the value is where experience gives us the edge in some of our transactions.
Posted by William Johnson, Retired Real Estate Professional (Retired) about 7 years ago

Good morning Cheryl. I missed this the first time around so thanks for the re-blog. So very true. Good luck with the new vehicle.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 7 years ago

Hi Cheryl, what is it worth....good point and great reblog. 

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) about 7 years ago

I change my business cars every 3 to 5 years and keep the old one as a spare....anticipating and projecting what we need and when we need it is hard!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 7 years ago

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