Blame for Lack of Professionalism?
The CORRECT PRICING is actually helping our customers to know the real value of having, but when the desire to get a portfolio violates an ethical duty to correct information, it creates a bubble that magnitude occurs Real Overvaluation.
Every day I grow as a professional this bubble to find properties with ridiculous prices, totally out of touch with the real value should be based on the features of construction, dimensions, quality of materials, environment, etc. Signs
Overvaluation:
property is estimated to be left in monthly terms the equivalent of 0.0075 of its value. For example, if you have a building that is worth a million dollars, then in normal circumstances, should generate each month, an income of about seven thousand five hundred dollars.
When prices soar, all this balance disappears, the properties begin to be more time for sale or vacant without rent. The rental value of a basic property leaves no room for a family on minimum wage, let alone the same family could aspire to own property.
Thus has occurred in recent months a significant increase in the classifieds of housing supply and a large part of them is repeated for a long time without success, demonstrating that they have no answer. It would seem that difficult to understand that today you can not negotiate anything whose price does not meet reality. Is that the tendency to "cover" that leads to overestimate the bulk of the properties, preclude transactions in the context of selective demand, demanding and knowledgeable. This situation also tends to frustrate the implementation of the operations that are about to materialize (just because prices are requested in such cases according to the reality of the market), because the respective owners are reluctant to sell, without prior security that can automatically reinvest the proceeds of the operation in a building and usually do not find similar characteristics and values \u200b\u200bsimilar to trading. Some people try to justify higher claims in the price of their properties in the increases that occurred in the building materials.
While this factor affects the price of the units used, is not the only thing that determines, as the capacity of savings and incomes have been mostly upward momentum, but most the so-called "mattress money" recovered from "yard" has already been invested and secondly, few dare to take bank loans. It is valid to consider a factor that can promote the values \u200b\u200band leave out others that balance.
In short, the so-called "market price" or the real price of a property is one that is governed by law the interplay of supply and demand. Therefore, the real estate prices can never be arbitrary and therefore subject to the will or the subjective opinion of the vendors. If your values \u200b\u200bare excessive or misplaced on demand, simply can not sell, that is the case today with most of the property market and what is prompting a recession. Proof of this is the high demand for rentals has been occurring because, as most of those who need housing can not buy it at current prices, they should choose to rent.
Therefore, the Real Estate Chamber of Mendoza, the benefit of buyers, sellers and all the real estate market, says it is essential to lower expectations for prices to respond to this reality and entrusted with the prior assessments of trust real estate professionals, but not pressure them to change their assessments if they do not meet the expectations of some vendors. And avoid a deepening recession that hurts everyone.
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