When Confusion Reigns, Deals Are Had
How about some bookmark love? ::
Why is it that qualified people refuse to buy when the market favors them?
Robert Kiyosaki, "The Reason the Rich get Richer is because they play by a different set of rules."
Barbara Corcoran, "Where there's confusion, there are always bargains".
5) Lack of pressure/momentum creates doubt, when in fact it should be a green light. Remember the so-called hot market of 3-4 years ago? The thing that made it a hot market was that the home sellers had a huge advantage. That huge advantage created an emergency panic to buy homes.
4) 80%-90% of investors and second home buyers follow the wisdom or the folly of the masses. In this case the foolish thing that people say is not to buy when the buyer in fact has the advantage.
"If fifty million people say a foolish thing, it is still a foolish thing." -- Anatole France
3) Real Estate Maven Barbara Corcoran, says, "Where there is confusion there are always bargains." Her statement exactly echoes Warren Buffett who said that all of the chaos is a sign of good deals.
2) The media won't tell you if and when you are getting a good deal, so what will? RESEARCH. Ensure that you are getting a good price by finding the market price and underbidding it. This is where you make your real estate agent earn their worth, and this is something into which you should put a significant amount of time and effort.
1) Realize that prices don't adjust as rapidly in premium areas. Starter homes and the middle market will be most susceptible to overpricing and finding deals. Don't try to apply the same rules across the board or across all price bands.
Finally ask yourself, are you playing by the rules that keep you one of the have nots? Or are you going to do as Kiyosaki suggests and play by a different set of rules?
Why is it that qualified people refuse to buy when the market favors them?
Robert Kiyosaki, "The Reason the Rich get Richer is because they play by a different set of rules."
Barbara Corcoran, "Where there's confusion, there are always bargains".
5) Lack of pressure/momentum creates doubt, when in fact it should be a green light. Remember the so-called hot market of 3-4 years ago? The thing that made it a hot market was that the home sellers had a huge advantage. That huge advantage created an emergency panic to buy homes.
4) 80%-90% of investors and second home buyers follow the wisdom or the folly of the masses. In this case the foolish thing that people say is not to buy when the buyer in fact has the advantage.
"If fifty million people say a foolish thing, it is still a foolish thing." -- Anatole France
3) Real Estate Maven Barbara Corcoran, says, "Where there is confusion there are always bargains." Her statement exactly echoes Warren Buffett who said that all of the chaos is a sign of good deals.
2) The media won't tell you if and when you are getting a good deal, so what will? RESEARCH. Ensure that you are getting a good price by finding the market price and underbidding it. This is where you make your real estate agent earn their worth, and this is something into which you should put a significant amount of time and effort.
1) Realize that prices don't adjust as rapidly in premium areas. Starter homes and the middle market will be most susceptible to overpricing and finding deals. Don't try to apply the same rules across the board or across all price bands.
Finally ask yourself, are you playing by the rules that keep you one of the have nots? Or are you going to do as Kiyosaki suggests and play by a different set of rules?
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