Price and Value

Price and Value are different.

Price is what the property will sell for.

Value is what it is, it is one property.

Example

Price

In 1979 I bought one house

Purchased for $37.500

I still  own that house

It is now priced at $875,000

Value

It was one house in in 1979

It is still one house now in 2024

Remember Price is what the property well sell for and value is what is it ,one property

Review

Price and Value

In 1979 it was one house at $37,500

Now 2024 it is  still one house at $875,000

 This price and value applies to all Real Estate - Residential (Your Home) and Commercial.

Question- Why dose the price go up ?

Answer - Inflation