Discussing property in Oxford MS
A house means so much more than just a house
How many times have you heard that phrase? A property is your investment. If you visit often, then you will have memories associated with the property. It becomes your future lifestyle. For current homeowners, many people will reflect on the effort to save for a house in terms of a down payment.
Buying a property in Oxford MS for now instead of the future
Buying a property needs to be solely focused on the financial resources currently at your disposal. If you cannot afford the property with your desired lifestyle, forcing the issue will only create stress and reluctance over the purchasing decision.
Purchasing a condo in Oxford can be a very sound financial decision. Here’s the list of people who are marketed to purchasing Oxford condos:
- Ole Miss weekenders
- Ole Miss students
- Retirees
- Young professionals
- Small families
All of these groups are people who could be marketed to your Oxford condo if you later decide to sell. Now, compare these people with the target market for houses.
- Families
- Retirees with a lot of children/guests visiting
That’s a slim list. While there’s no such thing as liquidity in real estate, if you choose a property that is easier to market, it becomes a less risky property from a financial standpoint. Notwithstanding, I acknowledge that I am a risk-averse investor. For these reasons, I like to persuade my Oxford buyers to the same financial precaution.