WHAT IS VALUE RANGE PRICING IN REAL ESTATE?

Value Range Pricing is when home sellers, rather than listing their home at a certain price, put up a range instead.

For instance, rather than listing a home for N10,000,000m, the advert will indicate that the sellers are looking for offers in the vicinity of N9,750,000m to N10,250,000m.

Value Range Pricing is also known as "Variable Range Pricing". VRP is rare but it is growing in popularity because it offers certain advantages to both buyers and sellers.

According to Sachs Ferrandia prediction, " once buyers and sellers understand the ryhme and reason of the concept and how it can uncover more opportunities for both sides, VRP will likely expand throughout the industry.

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