If you are like me, you enjoy buying real estate but not selling it. One reason: the seller pays the transaction fee from their bottom line and the buyer pays nothing for real estate professional services. And that’s not the only reason: “buy and hold” is a good strategy for buying real estate. We all need a place to live, right?
When you are buying, some good things to consider are: school district, walkability, stairs, community and activities, to name a few. Planning for the long-term when buying real estate is always a good idea, even if it doesn’t work out that way. I know people who have told me this is the home of their dreams for the rest of their lives only to have them call in five years to say they want to be closer to their family so they need to sell. Or that their knees can’t do stairs any more and they need a single level. What ever the reason, your needs may change and your home may not fit your lifestyle any more. That’s all right, that is why I’m here.
If you find your self in that position, we’ll talk about all your options, such as: home modifications so you can age in place; selling to simplify your life so you can travel; or financial or health reasons that might cause a change. The California Association of Realtors says the average household moves every 7-8 years, so you are not alone. If you are using the “buy and hold” strategy, you can build equity faster than earning interest on your savings account when you buy at the right time. Let’s talk about all your options soon so you have more information to make your decision.