The "buying with emotion” learning fee
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
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.
Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
RealRenta also has a free vision, so why not check it out
Thursday, 22 October 2020