You’re on the hunt for a property for sale, but not just any property; you’re searching for your next dream home. Or maybe you’ve just dipped your toe into the investing world, and you’re ready to find a property that will help you build your portfolio.
In any case, your financial goals are a huge part of the picture in either situation. And with my upcoming books in real estate investment and wealth generation, we dig into just how important it can really be. After decades of buying and selling homes, I’ve discovered there’s more to it than just purchasing the first property for sale that you see. So, today, we’re diving in to find out how to make real estate work for you.
List out your criteria for your next home
How can you meet your financial goals if you don’t know what you’re balancing them against? Maybe you know that a pool is a must-have for you, but a more modest square footage is fine. Or maybe you’re more flexible on which part of a metro area meets your lifestyle. Once you list out what you want and need in your next home, you’ll have an easier time narrowing down the options. And an easier time balancing all your factors against your overall financial situation.
Perform your own financial audit
The word “audit” doesn’t have to be a scary word… at least, not when you perform it yourself. Now, you can always pair up with a professional, which can be a big help. But you’d be surprised how many people never bother to truly see what their current financial situation is. From credit scores to monthly budgets, you want to have an idea of where you are, so you can match a property for sale to your unique situation.
Be realistic about the process of finding property for sale
Of course, there’s one thing you may not have heard many people talk about. And that’s how finding a property for sale is a process. If we could all find a diamond in the rough when looking at our first property, anyone could be an expert real estate agent. But the truth is that each property is a mix of factors that all need to be taken into account when you’re buying, for investment, long-term or principal residence.
Search for hidden possibilities
I’ve made a successful career in investing and real estate by finding those hidden possibilities. And they do exist. Your best chance to succeed is to work with an agent or investor who has the experience in both buying and selling, but also in assessing individual financial goals. The fact of the matter is that each person’s financial situation is different, and there is no one-size-fits-all answer, just like there’s not a one-size-fits-all property. But decades of working with clients to meet their financial goals has taught me that the possibilities really are endless.
Keep an eye on my blog! My upcoming books on real estate and investing will be here before you know it, and you don’t want to miss the big announcement!
Records Results Real Estate
Residential Sales and Property Management Service