5 Realistic Real Estate Considerations!
Website design By BotEap.comAfter more than 15 years as a licensed real estate seller in New York State, I firmly believe that in order to maximize one’s potential to be successful, profit, and happy with any purchase, decision, etc. real estate, it is important to proceed wisely, carefully, and in a well-considered manner! I often refer to these as the truisms of anyone actively involved in this industry! Since, for most people, the financial value of their home represents their greatest asset, doesn’t it make sense to proceed in the smartest, most informed way possible? With that in mind, this article will briefly attempt to consider, examine, review and discuss 5 essential and realistic considerations.
Website design By BotEap.com1. do not try market time!: Very few are able, and are fortunate enough, to market time, when it comes to this specific industry and component of our economy. Rather, several other factors must be considered, including: affordability; ability to meet present and future needs; taste for the specific neighborhood; financial/economic affairs; etc
Website design By BotEap.com2. Will you be a starter – at home, or longer term?: From the outset, it is wise to consider whether the specific home will be a starter home or one that will be kept for the long term. This process makes it easier to make the best decisions in terms of the specifics of a home, such as size, rooms, features, and needs/priorities! Obviously, one cannot accurately predict/read the future, but if the goal is longer term, it means planning for a family, quality schools and other conveniences, needs, priorities, etc.
Website design By BotEap.com3. Differentiate between the wish list and the real needs: A savvy homebuyer enters the process with two lists: one, which is a wish list; and the other, one’s real needs and priorities! This means realistically evaluating his personal circumstances, as well as his finances and his comfort zone! The wish list, should help you select one, when the real needs, directs you to some options and fit your budget and other priorities, needs and perceptions.
Website design By BotEap.com4. Why would you want to live in this area?: What could a specific area offer that makes it attractive to you? Consider factors such as: security/crime; schools; convenience to stores, transportation, places of worship, etc.; and other personal priorities, etc!
Website design By BotEap.com5. Why some specific house/house?: What makes a specific house appeal to you? Be careful, have it inspected by a professional home inspector/engineer, so there are far fewer unwelcome surprises! Consider, what do you think are the highest priorities for your home and why? Also, identify how a property could enhance or harm your personal happiness and well-being. Obviously, be sure that it does not become, House – rich, but financially – poor!
Website design By BotEap.comBy continuing to pay attention to these and other considerations, you will increase your potential to make the wisest personal decision! Will you be your own best friend?