Posts from June 2020

Pricing a home is one of the toughest things I do as a real estate agent. It's an art, much like hitting a curveball or knowing what shoes to wear with skinny jeans. And like these examples, it's wrought with pain if done incorrectly.

An asking price too high can, after a messy bout of price drops, cause the home to sell for less than market value. Yet a price too low may cause you to miss financial gain.

You  may assume the best approach to pricing is to list higher than you expect to receive, like listing for $350,000 but really expecting $340,000. This may have been true in past markets, but in today's climate with homes selling in single digit days, pricing at (or even below) the true market value could sell your home for more than market value. Why? This price point will attract the most buyers, increase marketing momentum,...

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Millionaire who saved 70% of his income and retired at 35: 'We should all live by these 6 basic principles'

The article from the above link tells the story of a young couple who decided that it was more important to build wealth and retire young than to live a "normal" life (a life like most of their friends and family). They pretty much gave up eating out and spending on non-essentials, even while doing all they could to increase their income. For several years they lived off 30% of what they brought in and saved the rest.

At 35, they have more than $1,000,000 in in...

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