In Property – You Make Money When You Buy, Not When You Sell
Purchase price is main factor that determines profit later on.
A common saying in real estate investing is, “You make your money when you buy, not when you sell.” This means that your purchase price is the main factor that determines your profit later on.
Christabel and I give a dose of harsh reality on this edition of #property show NTV. Watch full interview
When it comes to making money on property, it’s crucial to buy well and that’s why appointing an experienced real estate agent can make all the difference.
There is no point in relying on the state of the market or wishful thinking, it all comes down to buying well, that is choosing a property that will increase in value over time.
While it may seem exciting to start house-hunting, especially for first-timers, trawling the online listings and traipsing around weekend inspections quickly loses its appeal. It doesn’t make sense to waste time and energy looking at substandard properties that are out of your price range when a professional can make the process so much easier.
Just as the best real estate agents will sell at a higher price earning you more money, a great buyer’s agent will make you money when you buy.
