Monday, March 3, 2008

What Should I Do?

The title of this post was used because it's the question I've been asked most frequently here lately. I remember a few years back when the question was "how much over asking price should I go to make sure I get it?" The funny thing is the answer to both is the same; You should evaluate all relevant facts for what you are considering and come to a conclusion that best suites your needs. Easy enough right? Well to put it another way, whether you are considering buying a home, selling a home or are considering making an investment in real estate many things must be considered to determine what will be best for you.

Some things you might consider are; What are the short and long term effects of what you're considering? What risks are involved for acting or failing to act? If you're buying you might consider things like; How long do you plan to live in or hold the investment you are about to make (the best financing options will differ depending on your answer)? If you're selling you will have to compare the alternatives to selling; i.e. could you rent it out and if so what are the benefits and drawbacks. Could you offer owner financing or would you be better served to sell now or later? Each alternative can have positive long term effects but does it fit in with your objectives?

So if you need help figuring out what you should do please give me a call or email. I'll be happy to assist you with determining what is best for you.

Until next time.

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