Paying a Premium – Who does that!?
Mar 15, 2023
The important thing is that whatever you do make sure you do it knowingly.
Paying a premium is irresponsible if you don’t know you’re doing it!
But sometimes people will knowingly pay a premium.
You need to work out what is the:
- Bargain price
- Fair price
- Premium price
Which one of these you are willing to pay depends on how good a fit the property is to your requirements, and how much you love it.
Some buyers will consciously be willing to pay a premium because for them the property is such a good fit that its not really a premium for them.
Some buyers will see a property they don’t mind but don’t love … and decide that they will only proceed if they can buy it at a bargain price.
The most important thing is that whatever you do should be done consciously and optimally.