The real estate sector generally follows which of the following models of pricing?

Variable Pricing Cost Plus Pricing Penetration Pricing Fixed Pricing

Variable Pricing

The real estate market also functions with the use of variable pricing. Prospective home– owners will often submit bids for properties that are less than the posted asking prices, in the hopes that the owners will accept a smaller amount. This often leads to a series of offers and counteroffers that sometimes results in a sale taking place. At other times, the two parties are unable to come to terms, and no sale takes place.