Although, we, often, refer to the dream, of owning, a home, of one’s own, many of us, fail to fully consider, what doing so, actually, means, and represents. to you, personally, rather than, what others, prioritize, and/ or seem to care about! One fact, which should be, important, is, a house, is one, meaningful, form of owning, and possessing, real estate, and why, this experiencing is true, REAL. With that in mind, this article will attempt to briefly review, consider, and explain using the mnemonic approach, what this means and represents, and why it matters.
1. Relevant; responsibility; response; region; research; real estate: Why do we call it, real estate? Of course, it is tangible, viable, and has a value but, until I become truly relevant to you and your needs, lifestyle, etc., it isn’t necessarily right for you! Are you ready, willing, and able to take, and assume the responsibility of home ownership? How does, doing so, respond to you? Why do you wish to live in this particular, region, neighborhood, area, and specific block? Have you done your research in order to make the best decisions for you personally?
2. Empathy; emphasis; enrich; examine: Look objectively and introspectively in order to have as much understanding about you as you realize you need to have empathy when others are involved! Will your primary emphasis be keeping up with the Jones or behaving responsibly, and doing what’s best for you in the longer run? Will homeownership enrich your life experiences, and will you thoroughly examine and consider the best options and alternatives, for you?
3. Attitude; attention; aspirations; actions: Closely examine your personal attitude and how the stresses and strains of home ownership will impact you? Are you capable of fully paying attention to the necessary details and responsibilities, and will it meet and exceed your aspirations? What actions are you willing to do in order to become a happy owner of real estate?
4. Listen; learn; limitations; learning: Are you able to objectively consider your personal limitations financially and emotionally and is it right for you? Will you consistently learn from what others have experienced and discovered in order to make the best decisions? Real estate becomes truly real only when you recognize both the risks as well as the rewards!
Smart home buyers proceed carefully and with their eyes wide open in order to make the right decisions and ensuring pleasure rather than regret! Are you prepared to be disciplined?
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.