Projected List Price: $500k . . or $800k”
Agents at a recent Realtor meeting got a chuckle listening to a colleague do some pre-list marketing for an upcoming property.
Projected list price: “$500k — or $800k.”
Umm . . . huh?!?
It turns out the home needs significant updating, and the owner is trying to decide whether to tackle the work and list for $800k, or skip it and list for $500k.
Pricing Paradox
Schrödinger’s cat stands for the proposition that — according to quantum mechanics theory — something (in this case, a cat) may be simultaneously presumed both alive and dead.
I know what a $500k house looks like, and I know what an $800k house looks like.
But, I don’t know many that are simultaneously both . . .
