Lessons In Value

Real Estate value is in the details. Sometimes it’s in the price; but be careful. For price and value are not the sameValue can be upside potential. Or, value may be in stability. 

Sometimes value is about your personal strategy. Do you plan to buy and hold? Or, are you speculating? Each comes with risks, in addition to rewards, and price alone is not enough to project profit.

You have to consider what else, in addition to price, you will have to invest. You also have to consider your exit strategy. Remember,real estate markets change – going down as well as up. So, plan for contingencies, and be prepared financially to stay invested long enough to ride out any declines.

There always is risk as well as reward. Value is how much risk there is compared to reward in the real estate world!