Knowing When To Cut Your Losses

Buying and selling real estate is one way to guarantee an interesting business career – but it is not without its drawbacks. One of those drawbacks, the significant risk factor, is part of what makes it interesting. But if you can play the game well, you need never become one of the many people who falls under the intense pressure of trying to turn a profit. Sometimes, real estate is as much about trying to find the smallest loss on a deal when the avenues of profit and breaking even are closed off to you.

Whenever you buy a property with the intention of increasing its resale value, you do it with some amount of optimism. The mere thought of “If I can get this work done, source the materials and get it to market on time and on budget, then I will make a profit”, leaves open three ways that things can go wrong. Maybe the work will not get done as well or as quickly as you had hoped. Maybe the materials will prove harder to source than you had planned for, and as for the schedule … well, unforeseen circumstances make fools of us all.

The fact is that sometimes, despite your best efforts, you will see your intended profit begin to shrink – and sometimes, it will disappear altogether. It is at this point that you will be tempted to bring everything to a sharp conclusion and just sell for whatever someone will give you. This is a big mistake. If you hold on and set a new, realistic deadline and price you can at least cut your losses, and maybe live to develop again.

Realtor Gifts - Funny Realtor Mug 11oz - Real Estate Agent Coffee Mug
for $15.95 New from $15.95
Absolutely love your order or contact us and we'll make it right. Your satisfaction is 100% guaranteed.
Realtor Coffee Mug 11oz - I am a Realtor and a Mom - Real Estate Agent Funny Realtor gifts for Women
for $12.95 New from $12.95
Get this awesome Realtor Mom mug for the World's Best Realtor ever or the one you know personally, or someone you work with and can relate to it! Has the saying: "Im a Realtor and a Mom, Nothing Scares Me". Hilarious gift idea you can get for some re... read more
CafePress - Coolest. Real Estate Agent. Ever. Travel Mug - Stainless Steel Travel Mug, Insulated 16 oz. Coffee Tumbler
for $19.99 New from $15.95
CafePress brings your passions to life with the perfect item for every occasion. With thousands of designs to choose from, you are certain to find the unique item you've been seeking. This stainless steel travel mug is some serious drinkware, and is ... read more
World's Best Realtor Coffee Mug Gift Idea for Real Estate Agent Professional Mortgage Broker RE Investor, 11oz Novelty Ceramic Tea Cup by Digibuddha DM0074
for $15.95 New from $15.95
THE PERFECT GIFT FOR YOUR NUMBER ONE REALTOR: a fun, inspiring message for the top rated person handling the biggest investment of your life! Real estate professional brokers property transactions every day and this is a sincere and lighthearted way ... read more
Funny Real Estate Mug World's Best Looking Real Estate Agent Job Occupation Gift
for $15.99 New from $15.99
11 oz white ceramic mug printed with quote.(You could message us if you wanna print your own saying on the mug)Made of durable ceramic for lasting beauty and quality.Package include 1 piece only. An everyday used 11 ounces cup/coffee mug with handle.... read more
Best Shot Glass Coffee Mug Gifts Ideas for Men and Women. Real estate agent because badass miracle worker is not an official job title.
for $8.95 New from $8.95
Take your own shot glass with you and have fun when people see the unique sayings and designs on it! Great gift idea.
Funny Mug - Keep Calm I'm A Real Estate Agent - 11 OZ Coffee Mugs - Inspirational gifts and sarcasm - By A Mug To Keep TM
New from $6.75
The perfect size to enjoy your morning beverage and the perfect gift for your loved ones on that special day. Ideal to surprise friends or co-workers at the office on any occasion. Yours today for a very cheap price.
CafePress - I Love My Real Estate Agent Mug - Unique Coffee Mug, Coffee Cup
for $13.99 New from $13.99
CafePress brings your passions to life with the perfect item for every occasion. With thousands of designs to choose from, you are certain to find the unique item you've been seeking. This coffee mug is the perfect drinkware companion. The smooth whi... read more
Realtor Travel Mug 14oz - I am a Realtor and a Mom - Real Estate Agent Funny Realtor gifts for Women Beverage Coffee Mugs
for $17.95 New from $17.95
You Can Make Any Realtors Light Up With Delight! Get this awesome Realtor Mom mug for the World's Best Realtor ever or the one you know personally, or someone you work with and can relate to it! Has the saying: "Im a Realtor and a Mom, Nothing Scares... read more
by

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!