It's the first I've staged, but it had a significant impact on the buyer's perception in my opinion.  

I also think that MLT is a good play overall because of historical perceptions that kind of kept it beat down and because it is a stellar location.

I was just happy to see your overall feel/perception of that area so far from your experience.

@Rashmi Priyolkar the perception of safety often depends on where in a neighborhood a property is.

@Jd Martin I think you were forgetting that the price of an asset is determined by the perception of value and that could change in lock step if panic strikes.

Contracts that are entered into illegally or even with the perception of being illegal can be unwound or given compensation in court.

Finally, perhaps it'd your investor and not the contractor, the perception of how much work and the actual amount of work that it takes, maybe skewed by the investor, the contractor may be the realist, think back at the last few cases and try to define a pattern, define who the realist is.

No, Remember this everyone.His perception is his reality.He is probably older and has been doing this the old fashion way and has a lot and realizes that he doesn't want to bother with this one as much as he thought he did.TIME AND CIRCUMSTANCES is always my perspective.

In addition, I think there's this perception that no one wants to be the "first deal."    

These expectations change with the market and with investors' perception of risk/return from other investment alternatives (stocks, bonds, REITs, gold, etc).