Cost vs. Price: What New Real Estate Investors Need to Know
Price and cost are two very different things in real estate, and any REI who’s been around for more than a few transactions can tell you that—but if you’re just starting out, here’s what you need to know about price vs. cost. Price in a Real Estate Transaction If the price and a real estate transaction is the flat-rate amount you pay. If you buy a property for $75,000, for example, that’s the price. The cost, however, is very different. Cost in a Real Estate Transaction The true cost of a real estate transaction includes the price and several other