Hello again from the entire team at Professionals Armidale!

 

This week I would like to talk about the advice some buyers receive from well meaning friends, financial advisors and legal representatives.

 

Not all deals are good ones and advice is important however some advice may not be neutral or in your best interests. I recently caught up with an old client of mine who told me two stories from when she was looking to buy some several years ago.

 

The first case was advice she received from her finance broker. The broker told her not to buy a property because ‘it is too much’ (in his opinion)… so she didn’t buy…

 

On the second occasion she found a house and the ‘pest report came back in a negative way’ (not to fear though, as she was told for $10,000 the problem could be fixed)… so she walked away from the deal also.

 

She then went on to tell me that she regretted me not buying the first one because it recently sold for $100,000 more than before and she said “that advice cost me $100,000”.

 

She continued on to then tell me that the other property was purchased by someone she knew… and guess what, the pest report was fine… the only difference was that this pest company didn’t also sell a $10,000 system… and some real estate agents have a bad name for ripping people off! That property has increased in value now by $85,000.

 

I’m not saying to not take on advice however do what you want, and get several opinions and remember human nature is to say ‘NO’.

 

Real estate over time goes up in value and really it is going to be YOUR home!!! And if you love your home, it doesn’t matter what anyone else thinks, it is your castle.