Why a house is Real Estate
Although we often refer to the dream of owning a home of one’s own, many of us fail to consider what doing so entirely means and represents to you, personally, rather than what others prioritize and seem to care about. One fact, which should be necessary, is that a house is one meaningful form of owning and possessing real estate, which is why this experience is REAL. With that in mind, this article will attempt to briefly review, consider, and explain, using the mnemonic approach, what this means and represents, and why it matters.
1. Relevant; responsibility; responds; region; research; real estate: Why do we call it real estate? Of course, it is tangible, viable, and valuable, but unless it becomes genuinely relevant to you and your needs or lifestyle, it isn’t necessarily suitable for you. Are you ready, willing, and able to take the responsibility of home ownership? How does, doing so respond to you? Why do you wish to live in this region, neighborhood, area, and block? Have you done your research to make the best decisions for you?
2. Empathy; emphasis; enrich; examine: Look objectively and introspectively to have as much understanding about you as you realize; you need empathy when others are involved. Will your primary emphasis be keeping up with the Joneses, behaving responsibly, and doing what’s best for you in the long run? Will home ownership enrich your life experiences, and will you thoroughly examine and consider your best options and alternatives?
3. Attitude; attention; aspirations; actions: Closely examine your attitude and how the stresses and strains of home ownership will impact you? Are you capable of fully paying attention to the necessary details and responsibilities, and will it meet and exceed your aspirations? What actions are you willing to take, to become a happy real estate owner?
4. Listen; learn; limitations; learning: Can you objectively consider your limits, financially and emotionally, and is it right for you? Will you consistently know from what others have experienced and discovered to make the best decisions? Real estate becomes natural only when you recognize the risks and rewards!
Savvy home buyers proceed carefully and with their eyes open to make the right decisions and ensure pleasure rather than regret. Are you prepared to be disciplined?