The trend of precisely pricing homes is on the rise. Research indicates that a house with a precise price will sell better than a house priced with a rounded number. That’s because this technique plays with a key characteristic of human psychology.
This is Why You Buy, the show that reveals how marketers play on human psychology to get you to spend more--- and gives you the tools to spend smarter.
Sources:
New York Sun
Johnson School at Cornell University
Nudge
Taylor and Francis online
Subscribe to Cheddar on YouTube:
Connect with Cheddar!
On Facebook:
On Twitter:
On Instagram:
On Cheddar.com:
Cheddar,why you buy,human psychology,human psychology behavior,homes,home owner,better homes,better homes & gardens,selling homes,how prices are determined,where do the prices come from,how the prices are discovered,price discovery process,price discovery,price mechanism,how prices arise,market price system,house prices,price system,price context,property prices,design price objections,housing prices,charge more price,housing market,
0 Comments