#172: The Top 7 things property buyers get wrong – Part 2

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaI https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode Dave, Cate and Pete take you through: Market update 1. How the different sectors of the market react to price movements Pete shares with you how the most expensive, middle and lowest sectors of the market in both capitals and regional centres react to market movements. Check out our show notes for an interesting graph that shows it all. 2. The lure of off-markets Cate shares a conversation that she had with an agent who is very experienced about her take on off-market properties. While 95% of them are disappointing, there is the odd gem to be found. Tune in to find out how you can capitalise on these opportunities. n. 3. The Property Planner updates his predictions for the next RBA rate movement Due to further inflationary developments in the US, money markets have changed their predictions for the next rate increase to be 50 basis points, rather than 25. The top 7 things that buyers get wrong – Part 2 #3. Mixing emotion with pragmatism when it comes to investing The trio discuss some of the biggest mistakes that can lead you astray when you listen to your heart instead of your head when investing. What are the causes of emotional decision making and how can you detach yourself to make pragmatic decisions? Tune in to find out. #4. Low ball offers and a quest for a bargain (instead of a quality property) One of the critical mistakes is chasing the property bargain unicorn. The reality is that if a property is heavily discounted, there are some issues that the purchaser has to deal with. #5. Being impatient with time The trio discuss why property is a get rich slow scheme and the errors that buyers fall into when they start to feel impatience creeping in. #6. Counting cents instead of dollars When does scrimping and saving lead to mistakes? The trio discuss the items that you should dig into your wallet to address. #7. DIY’ing the things that you shouldn’t Renovations are tricky to get right and some work even requires permits and certificates. Before you role up your sleeves and get out the paint brush, take a listen to the things that potentially you should be getting a professional to do. Visit the show notes - https://propertyplanning.com.au/the-top-7-things-property-buyers-get-wrong-part-2-ep-172/