Whereas a home used to be a place to raise a family in a nice neighborhood, Real Estate today is this PLUS a:
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significant investment;
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long-term financial commitment;
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income tax shelter;
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asset with risk (value decline) and reward (value growth);
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high cost to maintain;
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environmental (CO2) footprint impact.
In fact, there are perhaps over 50 valid Real Estate factors that buyers weigh in today’s Real Estate decisions. Wow!
Each factor translates to value in the eyes of a buyer. Hence, these are factors should be understood as they have real impact on your property’s value. So, it makes sense that, this should be our focus: Real Estate decisions require knowledge – Better information yields better decisions.
Greg’s Corner Lot will focus on understanding Real Estate so that better decisions can be made. In time we will cover these topics and more:
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Today’s Market: Buyers & Sellers
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Trends: Past, Present and Future
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Rent vs. Buy
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Build vs. Buy
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Real Estate for Investors
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Components of Value: Theory vs. Reality
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Financing
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Saving Real Estate Taxes
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Reducing Energy Consumption
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Reducing Water Consumption
Your comments are welcome. Today, you may not be looking to buy or sell, but you probably know someone who is. You can share something you learn that might help a friend or neighbor… and with a little karma, you just might receive some help back when you least expect it.
Yours in Real Estate,
Greg
Greg Goumas, Expertise – Knowledge – Experience. Licensed Appraiser and Realtor, MBA Finance. Helping property owners make better financial decisions: buy, sell, build versus buy, how much to build, how to save on property taxes, and how to reduce energy consumption. Greg lives in Los Altos Hills with his wife and children. www.GregGoumas.com
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