Friends and family are great companions for dinners and holiday gatherings. But if your you’re selecting an agent solely based on relationship, you could be left holding the bag of poor real estate choices with a much longer life span than your leftovers.
Your home is one of the largest investments you’ll make in your life time. Oftentimes, it’s our greatest asset in retirement. So it comes as a shock to learn that most buyers and sellers don’t interview their real estate advisor. Finding the best fiduciary to handle such an important financial transaction, can be done with asking 4 simple questions.
0 Comments
How soon before buying or selling should you speak with a Realtor? A month, three months, six months?
Would you be shocked to learn I recommend folks reach out to me 12-18 months before they want to buy or sell? Reaching out too late is a costly mistake that could mean:
Do you fear a 2008 housing crash is looming in the wake of high home values and wild appreciation trends nationwide? Are you asking “should I wait to buy”? A reasonable question since I don’t know anyone who wants to buy at the worst possible time!
Let me give some context to what actually happened in 2008 and the factors that make 2022 different. Its important to remove unfounded fears and misguided comparisons that can cost you poor real estate decisions. Likewise, it's important to understand your personal risk tolerance, financial situation and personal circumstances. So what exactly happened in 2008? Contrary to popular belief, there are pros to renting vs. homeownership. Proponents of renting value the flexibility and the fixed-cost model it affords. Surprise repairs won’t derail your savings and renting serves as a great transition between home buys.
Buyers not yet qualified for financing due to a lack of savings, existing debt, or poor credit find it a necessary solution. And while renting may prove the best option sometimes, it does not provide the opportunity for generating wealth like homeownership does. So if you aren’t convinced it’s time to make a plan to exit your rental, here are 5 things to consider. |
MoreOwning real estate should be a journey of building & preserving wealth through the equity in your home or other properties. Our resources are designed to give current and would-be homeowners tips & trick to maintain, improve & shop for their greatest asset. Your search for value in real estate stops here. Archives
July 2024
Categories
All
|