Why? When you are considering buying real estate, the first question you need to ask is why? What is your motivation and what will its purpose be? Not if you should or not - real estate is a very stable investment class and an excellent wealth creation vehicle. The reason you ask why is to choose the best piece of real estate for your needs and try to navigate through the emotional obstacles that can cloud your judgement.
Marty Maher
Reasons people purchase real estate vary, but each motivation has a different set of rules attached to it. If you are buying your first home you generally have a budget to stick to and that will govern what you can purchase. If you are buying a lifestyle property, you are generally looking for physical elements to suit
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your needs. If you are buying a commercial property, you are looking at position and rental returns etc.
day come along, but in reality half of the residence will never get used. The list goes on.
Where we have seen people go wrong, is when they let their ego rule their decision making process. They buy a property that they can't afford, or a property that really does not suit them, because their ego has overruled their common sense judgement. This is less of a problem if you are paying cash, but even then we have seen properties bought as a trophy to impress a peer group and rarely used. We have seen first home buyers put themselves into critical debt situations because they bought with their ego rather than their budget. We have seen empty nesters upgrading to a larger property in the hope that grand kids will one
The key to a successful real estate purchase is, in the first instance, sit down and examine your motivations for purchasing and what you ideally want from this property. Write them down. You will then have a framework to start your search with. Do this before you start looking, as the ego is a powerful justifier and we are visual beings, attracted to beautiful things. There is nothing wrong with being attracted to beautiful properties, it’s just that if it doesn't suit your situation, the beauty has a way of wearing off as reality sets in. If we can be of any assistance in any real estate matter please do not hesitate to call.
we sell great ocean properties aireys inlet 5220 0000
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