What is the 3, 3, 3 rule?
Boston Condo for Sale Search
What is the 3 3 3 rule?
In a summary:
Core Components of the Rule
- 3 Months of Emergency Savings: Cash kept for unexpected personal expenses like job loss or medical events.
- 3 Months of Mortgage Reserves: Separate funds dedicated strictly to housing costs including principal, interest, taxes, and insurance.
- 3 Properties Compared: Minimum physical asset comparison to establish market baseline value before bidding. [Bostonreb.com]
Primary Financial Goals
- Mitigates Foreclosure Risk: Buffers against immediate income drops during the critical first year of ownership.
- Prevents Maintenance Deficits: Ensures capital remains available for urgent structural or appliance repairs.
- Removes Buyer Urgency: Prevents emotional overpaying by forcing analysis of alternative properties. [Ford Realty Inc]
Strategic Implementation
- Calculate Combined Reserves: Sum six total months of projected survival and housing expenses before searching.
- Isolate Housing Capital: Deposit the mortgage reserve into a high-yield account distinct from daily checking.
- Document Property Metrics: Compare price per square foot, HOA fees, and repair needs across three distinct homes.
Love thy neighbor
Updated: Boston Real Estate Blog 2026
Looking for a Boston Back Bay or Beacon Hill condo?
Call today!
Where is Ford Realty Located?
Ford Realty is located in 137 Charles Street in Beacon Hill
Byline – John Ford – Boston Seaport Condo Broker.
Ford Realty Beacon Hill – Condo for Sale Office
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2026
John Ford Boston Beacon Hill Condo Broker 137 Charles Street Boston, MA. 02114
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2026
