Wes’s Window on Tiffany & Co

by wes

There I was, standing in a queue just to get into a shop.

A security guard stopped me at the door.

“Do you have an appointment?”

I took a deep breath.

Two years ago, I was given a silver dog tag chain for my birthday. It’s one of those pieces of jewellery you wear every day and never really think about. A couple of weeks ago the clasp broke, so I took it back to the store to have it repaired.

By now you’ve probably guessed the kind of necklace and store it was.

Tiffany’s.

Standing there waiting to get in, I was already preparing myself mentally for the bill. I hadn’t spoken to anyone. Nobody had quoted me a price. I hadn’t even sat down.

But the experience had already done the work.

The security. The appointment. The minimalist showroom. Everything beautifully displayed behind glass. Before anyone even looked at my necklace, I already knew this wasn’t going to be cheap.

It was a gift, so I wanted it repaired properly. I accepted that quality comes at a price and settled in.

Later that afternoon I popped into Lovisa to buy my little niece in South Africa a birthday gift. They don’t have stores like that back home, so it was the perfect opportunity. You know the place. Walls covered in earrings, necklaces, bracelets and hair accessories.

Five minutes later, with a little help from the sales assistant, I’d picked out earrings, a necklace, a bracelet and something for her hair.

I got to the till.

The total for all of that was much less than replacing one tiny clasp on my Tiffany chain, but i did think that was alot for a shop like that.

And do you know what?

Neither price surprised me.

The experience had already prepared me for both.

Tiffany’s made me expect premium pricing long before I knew what the repair would cost. Lovisa made me expect affordability before I’d even picked up the first pair of earrings.

Property works exactly the same way.

Before buyers ask about the bedrooms, the rates or the floor plan, they’ve already formed an opinion about value.

If they arrive at a beautifully presented home with no outsatnding maintenance, quality photography, thoughtful staging and an agent who is organised and professional, they’re already expecting a premium property with a premium price tag.

Walk them into a home with overflowing cupboards, boxes stacked in the corners, burnt-out light bulbs and a listing that looks like it was photographed on a Nokia from 2008, and they’re already mentally discounting the price before they’ve reached the kitchen.

Presentation doesn’t magically increase a property’s value.

But it absolutely influences what buyers expect to pay.

Just like Tiffany’s wasn’t selling me a clasp.

They were selling me confidence.

And that’s often what buyers are really paying for too.

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