Your thoughts about layaway properties.

How much is my property worth in todays market?


Supply-and-demand is a model for understanding the determination of the price of
quantity of a good sold on the market. The explanation works by looking at two different
groups – buyers and sellers – and asking how they interact.

The supply-and-demand model relies on a high degree of competition, meaning that there
are enough buyers and sellers in the market for bidding to take place. Buyers bid against
each other and thereby raise the price, while sellers bid against each other and thereby
lower the price. The equilibrium is a point at which all the bidding has been done;
nobody has an incentive to offer higher prices or accept lower prices.
Perfect competition exists when there are so many buyers and sellers that no single buyer
or seller can unilaterally affect the price on the market. Imperfect competition exists
when a single buyer or seller has the power to influence the price on the market.
The supply-and-demand model applies most accurately when there is perfect
competition. This is an abstraction, because no market is actually perfectly competitive,
but the supply-and-demand framework still provides a good approximation for what is
happening much of the time.

The Concept of Demand.
Used in the vernacular to mean almost any kind of wish or desire or need. But to an
economist, demand refers to both willingness and ability to pay.
Quantity demanded is the total amount of a good that buyers would choose to
purchase under given conditions. The given conditions include:
• price of the good
• income and wealth
• prices of substitutes and complements
• population
• preferences (tastes)
• expectations of future prices
We refer to all of these things except the price of the good as determinants of demand.
We could talk about the relationship between quantity demanded and any one of these
things. But when we talk about a demand curve, we are focusing on the relationship
between quantity demanded and price (while holding all the others fixed).

The Concept of Supply
Used in the vernacular to mean a fixed amount, such as the total amount of petroleum in
the world. Again, economists think of it differently. Supply is not just the amount of
something there, but the willingness and ability of potential sellers to produce and sell it.
Quantity supplied is the total amount of a goods that sellers would choose to produce
and sell under given conditions. The given conditions include:
• price of the goods
• prices of factors of production (labor, capital)
• prices of alternative products the firm could produce
• technology
• productive capacity
• expectations of future prices
We refer to all of these, with the exception of the price of the good, as determinants of
supply.
When we talk about Supply, we’re talking about the relationship between quantity
supplied and the price of the good, while holding everything else constant.

 

If I remember correctly, I think they taught us this principles in Elementary School...

 

Market price is what you will take and the seller will pay. Nothing more complicated than that.

Economists are notorious for making simple things complicated.

 

In my case trying to sell my home the problem was finding a buyer with money. Those (very) few with money here or coming here, may want to build their own house instead of buying one that is built and ready to move into.

 

I am reading a book that explains that there is a thing called "Anchoring", it's a well known phenomen in price making, if you are selling something, it is of a immense advantage if you can state you price first, this number will be the "Anchor", in this case you want the number to be as high as realistically possible, if you are buying, then the lowest price likely acceptable to the seller is offered.
The opposite party that hears you offered price will mentally adjust to your price even if they had already a fixed price in mind...
This has been proven to be true many times

So if you want to sell, jack up your price and wait(it does not work if you can not wait), and if you want to buy, go as low as possible with your offer...

Good luck