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What is the 3 3 3 rule in real estate?
I've heard this a lot but I'm not sure what it means when it comes to deciding to buy a home. what is the 3 3 3 rule? Why is it important?
Asked By Georgia | Cary, NC | 10 views | Buying | Updated 6 days ago
Answer(2)
Jennifer Hupke
RE/MAX Forward
The 3–3–3 rule in real estate is a simple stability framework people use to decide whether buying makes financial and practical sense.
It typically means:
Stay at least 3 years
Expect around 3% annual appreciation (long-term average)
Plan for roughly 3% in buying/selling costs per side
It typically means:
Stay at least 3 years
Expect around 3% annual appreciation (long-term average)
Plan for roughly 3% in buying/selling costs per side
- 1 day ago
Helpful (2)
Unhelpful (0)
Michael Siers
Howard Hanna Outer Banks Realty
Georgia, the rule important so that you don't get in financial trouble. You should have saved up 3 months of payment, 3 months of living expenses and before buying get your agent to show you three comps that justify the price.
- 1 day ago
- Helpful (2)
- Unhelpful (0)
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