Why patience is important when buying property

Transcript
“Hello and welcome back to daily buying tips, I’m Dean Berman from Berman Buys.

Today we’re going to talk about why patience is important when buying.

I often find buyers want to purchase as soon as possible.

You’ve made the decision, and you want it now.

Which is totally fine and understandable.

However, I would recommend that rushing isn’t the best idea.

Rushing is basically taking the first thing that comes along.

We are generally talking about alot of money here.

From hundreds of thousands to millions of dollars.

Sometimes you are lucky as a buyer and the perfect property comes up straight away.

Sometimes it takes a few weeks.

And sometimes a few months.

From my experience, it will eventually show itself.

Patience is important during this search timeframe.

Particularly if it takes longer than you had hoped.

I do understand often times there are time pressures from expiring rental leases.

Upsizing or downsizing from a property sale.

Or even continuing the investment journey.

My main tip would be to create an initial plan.

Then amend the plan as you go.

There will likely be one or two really important points which you should try and stick too.

I often find buyers goals change as the search continues and the market shows what properties are really worth.

Don’t get deflated.

Your property is around the corner, it just might have a few turns.”