Top Five Pitfalls when Entering a new Property Market
Although having three or four solid rules of thumb in your back pocket can take you a long way in the property world, when you are entering a new market it’s almost impossible to avoid the leg work required to familiarize yourself with the ins and outs of those local dynamics. It doesn’t matter whether you are a rosy cheeked first home buyer or a grizzled career landlord, there are city specific quirks and nuances which you simply must learn if you want to be successful in buying property.
Every day I come across a certain number of smirk-faced buyers who are convinced that they can bypass this step, but in the end they all must confront the cold truth.
These things take time.
I won’t pretend that I can spare you that process, but I can let you in on a few common missteps that I see occurring in the Auckland Property Market every single day.
Over the next few weeks, I will be drip feeding you a list of the top five pitfalls I'm witnessing on a daily basis among new buyers entering our market. These are not generic property tips; these are specific to YOUR market.
Who knows? You may recognise yourself in a few of these!
Here’s a hint at my number 5:
Trusting the agent’s myth of ‘buyer feedback…’
That’s all for now,
We will be in touch next week.