Wintertime is usually a slow time for the residential real estate market. Cold temperatures and budgets that are recuperating from the holidays make January and February low activity months. The weather in many areas also makes most construction activities a non-starter. During this time of year, seasoned real estate professionals get into prep mode, establishing or maintaining professional relationships, stepping-up marketing efforts and preparing properties for the Spring. Homebuyers can use this time to prepare as well, by getting their financing in order, paying off debts and seeking additional sources of funding. One source of funding that often is overlooked is homebuyer programs and downpayment assistance funds.
Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts
Monday, February 19, 2024
Saturday, April 29, 2023
Discipline and the Down Payment: Using Your Superpower To Get Paid!
Real estate is about asset and
cashflow management. Put more simply, it’s about managing what you have. The
right purchase exchanges your resources, in the form of cash, into a property,
contract, tax lien, note or some other real estate asset. Once you have
obtained a property, decisions have to be made regarding its repair, management
and sale, if that is your plan. No matter where you are in the
process—purchasing, managing, or selling, discipline is key.
One of the most controllable aspects of our lives is our behavior. How we act and respond to the world shapes our present and our future. Our ability to act in a way that brings about our desired outcomes is uniquely ours and belongs to no one else. In that way, discipline is our superpower.