Final answer:
The real estate agent's statement suggests that swimming pools add value to properties and can result in houses selling at a higher price. The added value is contingent on market demand and the luxury aspect of such amenities. Additionally, the liquidity of real estate assets can be low due to the time needed to sell a property.
Step-by-step explanation:
The real estate agent's claim that houses with swimming pools tend to sell for more than houses without swimming pools means that a swimming pool is considered a desirable feature that can increase a property's market value.
The implicit assumption is that, assuming all other factors are consistent, the presence of a swimming pool adds value to a house and makes it more appealing to potential buyers, who may be willing to pay a premium for the luxury and convenience it provides.
Therefore, when evaluating the rate of return on an investment in real estate, the addition of a swimming pool could potentially contribute to achieving a higher capital gain when selling the property.
However, this added value also depends on market demand and preferences, and while it may enhance the appeal for some, it can also introduce additional maintenance costs and insurance considerations. Particularly in luxury markets, such extra amenities are often expected and can help a property to stand out.
In the context of real estate transactions and investments, liquidity refers to how quickly an asset can be sold and converted into cash. Tangible assets such as houses have lower liquidity due to the significant time and effort required to complete a sale.
Although the agent's claim highlights a potential benefit of pools, it's important for buyers and sellers to weigh the overall risks and benefits associated with such investments, considering factors such as market trends, property location, and individual preferences.