Getting Over the Fear of Money
For people investing in real estate, you may realize that there are
several unknowns that have to be accounted for that are related to
money. This investment relates to both home owners as well as those
involved in the real estate business. There are several common fears
that are related to money in real estate.
One of the main problems that is part of real estate investing is being
chancy. If you are investing in a property to own a home, you will
have to take out a loan. If you are unable to pay taxes or the loan at
any time, you will be at risk of loosing the home. This can cause
several levels of fear to occur, which may lead to the wrong loan
being purchased for security. Knowing how much risk you are willing to
take with your loan will define what type of loan you should get.
Another widespread fear factor with money is regarding investing in a
property during the wrong time. If the economy is at a low or if the
market price is not good, investing in a certain property may mean a
loss. This is a risk factor that many real estate companies will
decide to take in order to sell a home. When deciding if this is a
good investment or not requires some risk and can cause fear if you
are unsure about the economy and sale of the home.
Money in the real estate business means taking risks. Whether you are
a home owner or are in the real estate business, there will be quite a
few times where you will have to determine logical decisions without
knowing if there will be money to back up the decision. It is
important to acknowledge these fears so that certain boundaries can be
set in relation to them. This means that you know when you are going
too far with a purchase or investment or when the fears are holding
you back from making the right moves. By knowing the financial details
of a home purchase, you can move past your fears and make the right
investments.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob
has over 27 years of residential real estate experience, authored a
number of published articles and served as an expert witness for
San Diego lawyers. You can contact
Bob via e-mail at bob@brokerforyou.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
------------
This work is protected under copyright and may not be published in
other works without express written permission from
Promotions Unlimited
or the following procedures are implemented: Please feel free to
publish this article (as long as no changes are made (all hyper-links
to remain and not be modified in any way) and the author's name and
site URL's are retained) in your ezine, newsletter, offline
publication or website. A copy would be appreciated at Click
here to email Bob
Back to San Diego downtown real estate article index |
