$245 or $199; which would you buy?

By
Real Estate Agent with BHG Real Estate - Kansas City Homes SP00229578 2007027091

gas prices

Two gas stations in Kansas City, MO, right on the edge of Prairie Village, KS. One had gas advertisied for 245/gal, the other station had gas advertised for 199/gal. In less than 10 minutes, I saw over 30 cars pull into the 199 station for gas. Guess how many went to the station with 245 gas?

THis is such an excellent example of houses on the same street. If you have a 3 bedroom, 2 bath home and the guy down the street has a similar floor plan, similar landscaping, and 3 bedrooms and 2 baths, the buyers are going to look at both houses and decide which one they want to buy. One is red; one is green. So, a $10,000 paint job to change the color. Maybe less, but that's how the buyer will figure it.

Whatever differences there are between the two houses, they better add up to $45,000 or the buyers aren't going to buy it.

Posted by

Maria Morton,Realtor© Call 816-560-3758.  Google Maria

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Maria Morton of Better Homes & Gardens Real Estate is a licensed Real Estate Agent in KS & MO. 816-560-3758 Mobile 816-410-5499 Office 816-410-6302 eFax 435 Nichols Road Ste. 300 Kansas City, MO 64112   Maria Morton Copyright © 2008-2014 

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Show All Comments
Rainer
2,932
marc paille
Urbanthink.ca - Toronto, ON

thanks for the comment on my blog

October 31, 2008 02:34 AM #1
Rainer
128,997
Justin Ukaoma
Vizion KC - Kansas City, MO
Kansas City Real Estate Investments

Maria -- I drove past these two gas stations a few days ago and wondered what the heck was going on.  I was joking to my sister that Sinclair felt justified charging more for gas because of their amazing customer service.  Unfortunately at those prices no one is willing to pay for the experience.

October 31, 2008 07:23 AM #2
Rainmaker
524,448
Maria Morton
BHG Real Estate - Kansas City Homes - Kansas City, MO
Kansas City Real Estate 816-560-3758

Service at a gas station. Do you remember when gas wss .35/gal & the guy pumped it for you, washed your windshield, and checked the oil? Whatever happened to that service?

October 31, 2008 09:03 AM #3
Rainmaker
620,896
Sandy Shores Broker, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County FL Real Estate

Hi Maria, Well that's not rocket science, is it?  A 30 cent price spread is incredible. I thought that a 38 cent price spread in 9 days, here, was incredible. Unbelievable.  Makes you wonder, doesn't it?

November 01, 2008 08:55 AM #4
Rainmaker
531,769
Liz Moras
Harrison Hot Springs, Cultus Lake - Chilliwack, BC
Chilliwack Realtor, Garrison Crossing,Chilliwack, Abbotsford

Very perceptive and what a good analogy Maria! :-)

November 10, 2008 10:55 PM #5
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Rainmaker
524,448

Maria Morton

Kansas City Real Estate 816-560-3758
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