Buying Property: Why its more about what you do not do

15 March 2021

In any amateur tennis match. Players inspired by watching the Australian Open will struggle to recreate the shots that led Novak to victory.

Despite knowing this, we try to win points through fast cross-court hits and risky half volleys. The secret to winning any amateur tennis match is through not making unenforced errors. The same idea can be applied to buying property. 

Buying property is a risky and sometimes an overwhelming exercise. Buy the right property and you can be set up for life. Buy the wrong property and it can be a noose around your neck. By eliminating the “DON’Ts” you will be left with the “DOs”

With such secure property rights in Australia, no one should base the value of a property on its primary function as a household dwelling. Any property purchase should have the consideration of wealth creation as the main driving factor.

Understanding the interplay between characteristics in property then avoiding the “DON’Ts” can lead to a healthy capital gain which can be used in the next purchase.

Remember as in tennis, a one in a million wonder shot is worth the same as not making an unenforced error. You don’t have to buy the best property, you just must not make the mistake in buying the wrong property.

Alexander Gibson

Do you know what NOT to do?

Have a confidential conversation to unlock a deeper understanding of property

Recent Articles

Widen your understanding with these articles

The Ultimate Guide On How To Add Value To Your Property: Expert Tips

Are you a homeowner looking to boost the value of your property? Look no further! In this comprehensive guide, we will provide you with expert tips and strategies to increase the value of your property. Whether you are planning to sell in the near future or simply want to enhance the market worth of your home, this guide has got you covered.

How Make An Offer On A Property (NSW)

Sick of auctions? How to make an offer on a property that is irresistible to the vendor

Do real estate agents have to disclose deaths

This tells you once and for all what real estate agent have to disclose in regard to death and the sale of property

Complete Guide: The hidden costs to buy a house

A complete guide to the costs of purchasing property

Do real estate agents lie about other ‘offers’?

Real Estate Agents are always under scrutiny in their day-to-day dealings. This is because of the nature of their industry, the stakes are at their highest. We are talking about the biggest asset purchase or sale in both the vendor’s and buyer’s lives. We are talking about risking their own money and debt. There is only one property available and there can be only one winner and everyone else is the loser. There are no prizes for coming in second.

Should I Buy or Sell First?

Should I Buy or Sell? The answer lies with you and your circumstances

What is a buyers agent

A buyers agent or buyers’ advocate is a licensed real estate agent who is procured by a prospective property purchaser to facilitate the acquisition of a property based on achieving the specific goals of the buyer. The buyers’ agent is tasked with sourcing, evaluating, appraising, negotiating, and securing property on behalf of their client.

What are buyers agent fees? How are they calculated?

In NSW, commissions are completely deregulated; meaning the fee and the structure is completely negotiable and this applies to buyer’s agents not just real estate agents.

Why are we still nervous in the face of economic uncertainty? Is now the right time to buy?

With the election over, have we become more certain about the future? Probably not.

Looking to ‘add value’ to the attic space of an apartment [Cautionary Tale]

A common marketing strategy for agents that sell top floor apartments is to spruik the potential to use the attic space as the main draw card for the property. But be careful, I’ll tell you why.