Since, there are many types of assets, why do we refer to, a specific asset, as REAL estate? Obviously, when we own a house, a piece of land, building, etc, it is real, and it’s part of our estate, but, what is often, referred to, as real property, has specific, individual, value, and is viewed differently, than many other assets. As a Real Estate Licensed Salesperson, in New York State, for over a decade, I consider it, an honor, and privilege, to be able to serve and represent clients and customers, in their quest, to either, buy, or sell, these assets. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means, and represents.
1. Rights; real; responsibilities: Owning real property, has, both, rights, and responsibilities! If one doesn’t take these seriously, he risks hurting his own best interests! The process must begin, prior to purchasing, when a potential, qualified buyer, develops a relationship, with the real estate agent, he hires, and trusts, to help him, make the wisest decision. Since, for most people, their personal home, represents their single, biggest, financial asset, doesn’t it make sense, to proceed, as wisely, and carefully, as possible? Analyze your real reasons, for buying a home, and, specifically, some specific one! Be prepared for the necessary up – keep, maintenance, repairs, renovations, and desired upgrades, from the onset! In other words, have a plan!
2. Emphasis; example; efforts: Will you be prepared, and ready, to place your emphasis, where it will do you, the most good, in terms of serving, your personal interests and needs, as well as preserving and enhancing the value of the property, etc? How will your efforts, be focused, so you can make the house, an example, others are attracted to it, and want to buy?
3. Attitude; aptitude; actions; assets: Proceed with a can – do, positive attitude, and the well – developed, aptitude, and skill – set, which enhances your experiences and value of your asset! Don’t just talk, but, keep it real, and take the actions, which are needed, to make the home ownership, process, a positive one!
4. Listen; learn: When you buy, and own, real property, read as much relevant information, as possible, listen to those with true expertise, and professional knowledge (qualified real estate agents, for example), and commit, to learn thoroughly, and proceed, in a smart way!
You might be well – served, owning REAL property/ real estate, or owning, for example, a home, of your own, might not be for you! Will you commit to knowing what’s best for you?