You know those people who are always waiting for the optimal time to buy a property?<\/p>\n
They either wait and wait until everyone else starts buying or they wait and wait and ultimately do nothing at all.<\/p>\n
The thing is each of those strategies is as silly as each other.<\/p>\n
You might think that is a little odd because surely buying something is better than buying nothing at all, but you\u2019d be wrong.<\/p>\n
Why is that?<\/strong> Ultimately, this herd mentality of buyers pushes up the value of properties.<\/p>\n On the other hand, buying nothing at all doesn\u2019t improve your financial situation either, and the people suffering from analysis paralysis generally struggle to ever take the next step to actually buying something.<\/p>\n
\nWell, buying when everyone else is, when all your friends tell you it\u2019s the right time or when the media tells you its time, often means you\u2019re driven by FOMO \u2013 fear of missing out \u2013 which sometimes means the property you buy is overpriced or possibly inferior.<\/p>\n