Something is worth by definition what someone is willing to pay at some point in time in some place by non urgent buyers. The more efficient the market, the quicker and more consistently the price will be very repeatable regardless of buyer and seller. I.e the stock market (assuming everyone has the same information).
Estate sales when being sold to the public “as is” “no minimums” are not efficient; there are urgent sellers. When real estate is sold with no contingency, the price is lower as the seller is motivated to move quickly.
Sounds like Hilde got a good deal when she bought and a market deal when she sold. Econ 101.
Estate sales when being sold to the public “as is” “no minimums” are not efficient; there are urgent sellers. When real estate is sold with no contingency, the price is lower as the seller is motivated to move quickly.
Sounds like Hilde got a good deal when she bought and a market deal when she sold. Econ 101.