Archive for December, 2012

Advertisements

A couple of weeks ago, millions of Americans experienced Black Friday sales. Do you know why it’s called Black Friday? In short, it is because most businesses’ profit and loss statements enter the “black” from the success of those sales, in other words, they break even and enter into a positive. Every month we are either in the “black” or in the “red,” as it relates to our finances. There is income and expenses, and we are either at a profit or a loss. Sounds like running a business, right?

Your home is like running a business, and it is one of the most important topics in any real estate market. When I meet with property owners I run into many different personalities. Some owners are extremely organized, and others seem to make it through life with no cares and somehow the mortgage, household expenses, and so forth get paid.

Part of owning a home means knowing as accurately as possible how much income you receive and the expenses that exist each month. It comes down to an important topic I teach in real estate ownership and investing, apprehension vs. anticipation. When we anticipate we create greater chances of winning consistently, and when apprehension is present we slow down our progress.

For example, a homeowner who is projecting in the year 2013 on listing their home for sale, it is recommended to begin the preparation process 7-10 months in advance, because it helps eliminate much of the guess work (apprehension), and helps a property owner better position themselves for the day they go on the market (anticipation). There is more detail involved in the process, but the point I want to share is simple: apprehension will cost you time & money, anticipation will save you time and make you money.

In the next article I will share a basic strategy to set up a household budget that can be immediately implemented. Start running your home like a business, and watch your personal finances avoid “the red” and consistently stay in “the black”. If you are a homeowner that is considering selling at some point in the year 2013, please do yourself a favor, and begin preparing now. Feel free to contact us at 760.596.9856 or email us at info@NissiAgents.com for a FREE Market Analysis on your home to begin the preparation process of what is ahead in the year 2013. As always, if you like to personally connect with me through social media, please do so here: http://www.JoinDNA.com