Examlex

Solved

Why Might Someone Choose to Sell His House Himself Instead

question 3

Essay

Why might someone choose to sell his house himself instead of using a real estate agent?


Definitions:

Profit Opportunities

Situations where individuals or firms can earn a return on investment that is more than the norm, often due to market inefficiencies or information asymmetries.

Opportunity Cost

The cost of choosing one option over another, represented by the benefits that could have been obtained by choosing the alternate option.

Opportunity Cost

Neglecting possible gains from other scenarios by focusing on a singular choice.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking a different course of action.

Related Questions