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Cliff Roe's |
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Mobile Office |
"The Condo Pro" |
| What's Sold | What's For Sale | For Rent |
| EXAMPLE: Imagine an isolated island with a single complex where supply and demand equal one unit each month. As long as supply and demand remain in balance prices remain stable; Fair Market Value is the previous sales price +/- inflation. Assume that demand increases by one unit. Every month there will be two buyers vying for a single unit. Demand exceeds supply by a ratio of 2:1 pushing prices higher. Remove one buyer and the situation is reversed. Knowledge of supply and demand can save buyers $1,000s in any market. This same knowledge can produce $1,000s of additional dollars for condo owners who know when to sell. |
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