I was once caught in this trap. The feeling that there will be a divine signal and everything will come into alignment. It would trigger the ‘do it’ in me, ‘the time is right’, ‘buy it now’.
When I started seriously looking into property investment in 2005 and 2006 I said to myself I have time. The big boom has just finished, I can now take my time and learn everything there is to know about property and once prices have come back down a bit I can get in there and get some. The learning part was great and it helped me avoid making some serious investing mistakes, such as not using a Trust to buy my properties, but the waiting for prices to come back down was a mistake.
As I waited for prices to level off, time went by, followed by some more time. And while this time was going by, strangely enough in most places property prices were going up (of course some places faster than others).
In the end I saw the error of my ways and stopped waiting for the planets to align with the perfect property deal. I bit the bullet and hired a Buyers Agent. That in many ways took the pressure off me as I knew I had an expert working for me. And when the time came to get the biggest loan of my life I felt great!
Remember the saying… . the best time to buy property was 10 years ago.. the next best time is today!
Here’s an article I found on waiting for the perfect time. Read it, it applies to many things in your life!
Waiting for that perfect moment in life to do something is wasted time! Trust me. Just do it. Making mistakes is the greatest way to learn in life.No comments