Youth Revisited!

June 9, 2016

What Childhood Board Games Have Taught Us About Real Estate!

By: Ari Taylor

Remember playing candy land? How about Monopoly? Battleship? Believe it or not, those games actually prepared us for life much better than we could have ever imagined! Buying property is a game, and how you play that game makes all the difference!

We were all taught to play fair, to be honest and no cheating! These basic rules hold true with real estate today. Here are some other rules that play strongly into purchasing property:

CANDYLAND — Pick a card, move 2 red spaces. Whoops! You’re stuck in the Molasses Swamp! There are always sticky situations that will arise, but working with the right real estate team can help move you right through them.

(You sunk my) BATTLESHIP — A game of strategy in which you have to read the expressions on your opponent’s face in order to guess where he placed his ship. Knowing the present market, your area overall and having your end goal in sight at all times, you will be better able to read the situation and make the best possible offer.

MONOPOLY — It seems like this one really speaks for itself. You are making deals to buy the right property. There are a few big lessons here, though. First: Don’t spend all of your money at once and make certain that you buy within your means! Sure, it sounds fantastic to own Park Place and Boardwalk, but can you afford to develop on those properties? How often do other players pay rent on those spaces? Simply thinking about a purchase from all angles will help you make the right decisions (and not send you directly to jail).

CLUE — It was Miss Scarlet in the dining room with the candlestick! Ask questions and look at the facts before you get ready to make an offer (or an accusation)!

CRANIUM — Build a team that is good in several areas and rely on their expertise to win! Cranium challenges you to use your whole brain. Purchasing property challenges you to use your whole team consisting of a realtor, an attorney, a lender, and an inspector. If you are all on the same page, there is no way you can lose!
Start planning your game night now!