Formulas for valuing time in real estate. Part 1.

There are a gazillion formulas out there for how to value a real estate transaction. The 70% rule. The 1% rule. This rule. That rule. But you know what pretty much none of them account for? Time. A transaction (such as a house flip) that doesn't fit any of the usual money metrics but that doesn't take much time from the person doing it should be considered more valuable (and vice versa)! And so, in part 1 of this two-part series, Stan discusses a way to account for time in real estate transactions by giving values to four factors: Enjoyment Factors, Stress Factors, Negative Lifestyle Factors, and Missed Opportunities Factors.

As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.