In the field of economics, the break-even point is important in determining how far you are from the moment your business can run by itself. Specifically, the break-even point tells you when the cost of something equals the benefit obtained. In the real estate industry, this point can help you decide the best time to sell, invest, or perhaps refinance your property.
Consult with your REALTOR® and learn more about this subject. Knowing your break-even point will prevent you from wasting your money and help you to avoid foreclosures and erroneous refinancing.
Jose Cuervo, REALTOR®
Jose Cuervo Realtors
JCuervo@austin.rr.com
512/346-6661
