Does aerial photography sell speed or does it sell price
Aerial photography in a marketing budget tends to get justified two different ways, and the two arguments do not actually measure the same thing. The speed argument says aerial makes a photo set stop the scroll, drives more clicks, more showings, and a faster sale. On a property carrying $2,400 a month in debt service and taxes, selling two weeks sooner is worth roughly $1,100, against an aerial package cost around $350, which is an easy case to defend and does not require a buyer to pay anything extra. The price argument is different: on acreage or an estate, aerial imagery may be the only way a buyer understands what they are actually getting, and a buyer who understands the full parcel bids on the parcel rather than on the house with some trees around it. That is a price effect and should show up in the sale number rather than the calendar. The honest limitation is that neither effect gets isolated cleanly in practice. Listings that get aerial photography also tend to get better ground photos, better descriptions, and often a more capable agent overall, which makes it hard to attribute the outcome to the aerial imagery specifically. And in states that do not publish sale prices, the price-side argument cannot even be checked after the fact. The speed argument is the one that holds up on its own merits regardless of market, since it only depends on carrying cost and days on market, both of which are directly observable; the price argument is real on certain property types but should be treated as a reasonable hypothesis rather than a provable return.
In your underwriting, aerial marketing spend mostly buys:
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