lifestyle upgrade: The real estate market and buying pants
- 05/23/14 01:14 AM
How's the market? Everyone seems to be asking that question when they learn that I'm a real estate professional. Like most folks in my business, I try to say something positive and true. The market is great, the market is improving, the market is back. Fact is that the condition of the market has little to do with whether you should be considering buying a new home. Now the pants. When do yo buy a pair of pants? Sure, sometimes they're on sale, but you probably buy a pair of pants when you either need them or want them. You may (1 comments)
lifestyle upgrade: Is this the best time for a home move up?
- 04/05/13 12:52 AM
We make a lot of decisions that add to our expenses and detract from our enjoyment derived from them. Buy new tires for the car, and trade it a week or month later. The short time enjoying the new tires cost you $5 to $20 or more a day, and the trade in value is substantially unaffected. Remodel the kitchen or bathroom just before you put the house on the market. The upgrades may affect the sale price, but you received almost no benefit from them other than return of some of the cash outlay. The same improvements made a couple (3 comments)
lifestyle upgrade: The Market Is Up, The market Is Down -- So What?
- 05/04/12 01:22 AM
Why are you thinking about buying a new home? Perhaps you have been living with relatives and the welcome is wearing out. maybe your landlord is a jerk and he's raising the rent again. Maybe you have a four bedroom family in a two bedroom home. Maybe your neighborhood stinks. maybe your neighbors stink. Fact is that you are probably thinking about a new home because you feel that it's time for a lifestyle upgrade. You know that you and your family deserve something better than the current condition. But, is this the right time? Of course it is. The only (3 comments)
lifestyle upgrade: Notice: You are going to lose your children soon
- 12/18/11 05:01 AM
A couple years ago, I wrote about the importance of making your lifestyle upgrades as soon as it is physically possible. One of the most prevalent reasons for upgrading is to make life's experiences better for your children. The fact is that children are perishable. They expire on or about their eighteenth birthday, and any child-helping things you want to do for them have to be done in eighteen years. If they were ten when I wrote about lifestyle upgrades for your kids, there is now 25% less time for them to enjoy that upgrade before they stop being children. If (8 comments)
Many folks made the decision last year and chose from the above list. In the event that you missed the opportunity, now is the time to make up for your omission. If you're still in that (7 comments)
lifestyle upgrade: Time the Market? Why not Time Your Life Instead?
- 11/12/11 04:18 AM
Time the Market? Why not Time Your Life Instead? There are lots of real estate professionals trying to convince potential home buyers that now is the time to buy. They typically cite home price trends and mortgage loan interest rates, along with a suggestion that timing the market is difficult and usually not productive. While I agree with much of what is published, there is one important question I would like to ask. So what? People considering buying a home, either a first home or one to replace a home that no longer suits their needs, are consumers. They are not (3 comments)
lifestyle upgrade: Dealing with the fears of fence sitting first time buyers
- 10/09/11 05:43 AM
People who claim to be home buyers are sometimes not really sold on the idea of leaving the Land of the Bland, the world of temporary housing, the rental world. At some point in their journey to a better lifestyle, they are slapped by the harsh reality that they are contemplating making the biggest financial commitment in their lives. Or, are they??? Many of my first time buying clients are limited in their buying power by their previous and ongoing commitments. The first time buying couple typically have two late model car or truck loans to pay. The original amount of (3 comments)