Property Advisory Series: Lumen Advisory — Part 8: Why do smart people make bad property decisions? (3)
*When the price — and the prestige of the location — distort perceived value
Dominic Baah, Founder & CEO, Lumen Advisory Company Ltd [email protected] [email protected]
Imagine a house is advertised at GH¢3 million. You inspect it, like the location, admire the finishing and tell yourself you will negotiate. Then the agent calls: “Good news. The owner has reduced the price to GH¢2.7 million.”
Published by Francis Buetey
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