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Fees, you don’t want to pay - The buying with emotion

You can end up paying this fee in 2 ways.

Firstly, when you fall in love with a property and overpay.

Now while this may be allowed when you buy your home, it’s a big mistake for property investors.

The second way you pay this fee is when you miss out on an opportunity because you have an unrealistic expectation of what the property's price actually is and offer well below an acceptable price.

You then get angry that the vendors are being "greedy" and storm off, not prepared to negotiate at all.

This learning fee here is about your own ignorance and not remaining objective and basing your negotiations on cold hard facts such as recent comparable sales.

Either way, the learning fee you could end up paying is considerable.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Wednesday, 28 September 2022


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