The Complication of the Simple Real Estate Purchase

I am still determining if this approach to Real Estate will work for you. It only works with some. However, who do you know is open-minded and needs Real Estate? For years, people have instructed their friends and loved ones to purchase the best property they can afford or to buy the worst house in a good neighborhood; then, they are to fix them up to sell them. Have you acquired the skill set and time to fix up your property? These well-meaning philosophers may have made what appeared to be a profit in the past before considering the time value of money and the cost of selling a property. It has been estimated that one needs to hold their properties for five to seven years to break even. (This assumes that the one is not a professional flipper.) If you remodel your new property, it may take longer to break even. 

We should consider the cost of:

• Uprooting children from their schools and friends
• Losing contact with our friends and the loss of our networking
• Continually adjusting our lifestyles to fit into our new properties
• Having another rent a room from you

(Free image of the thinker) 

  Photo by Tingey Injury Law Firm on Unsplash

Purchasing property involves decisions:

• Are you buying a house or a home
• How important is it that you provide your family with a stable home environment
• What do you expect from your property
• How would you feel if, at the close of the day, you discovered you hadn’t provided your family with a home

https://www.pexels.com/video/time-lapse-footage-of-vehicular-and-people-traffic-in-a-city-street-at-daytime-2697636/

(Link to video of people at crossroads)

What do you understand about the home purchasing process?

• Can Real Estate be exchanged?
• Can a house grow into becoming a home?
• Can a home evolve with the changing demands of your lifestyle?
• How does moving affect the equity you have in a home?
• What amount of Capital Gains Tax is exempt from taxes?
• Why or for what purpose are you purchasing your next property?
• How can Real Estate help you obtain the lifestyle you’ve dreamed of?
• Do you wish to remain house-poor, continuously climb the social ladder, ever perusing the larger, more expensive house until you retire, and then downsize?
• If so, what is your estimated cost for doing so?
• Do you have more faith in an evolving system than yourself?
• Do you desire a Real Estate broker who will sell you a property that meets your needs for today, or are you searching for a broker who’ll work with you to develop a Real Estate strategy? 

Real Estate can be as straightforward or as complex as you desire it to be. If you know someone who is open-minded and is looking to sell or purchase property, please ask them to contact me through my email: spi.socal@gmail.com.

Note: Images on this blog site are from a free source. No image or group of photos are intended to represent the people I serve. I don’t care about race (that is a politically correct term that I do not like because we are all of the same race, the human race. I prefer the term ethnicity), color, religion, sex, gender, marital status, disability, genetic information, national origin, source of income, Veteran or military status, ancestry, citizenship, primary language or immigration status. I am a service provider for all people. We will all rise together when we band together and help one another. Joseph Erwin is a Real Estate Broker, DRE # O2131799, and a CA general contractor # B 696662. He’s a member of the CRMLS and The East Valley Association of Realtors located in the Inland Empire region of Southern California.