Emotional property mistakes that could cost you money

Augusta

VIP Contributor
The buying and selling of property can be an emotional process. This happen most when it has to do with your personal property that you want to let out At this point you might be having a conflicting feelings and maybe memories that becloud your sense of reasoning.

However, you have to always snap out and handled it as the business transaction that it is. and avoid your heart dictating or making the choices.for you.

Emotional property mistakes that could cost you money


Purchasing decision is based on emotion

You would make a costly mistake buying or selling property based on your emotions than on logic doing this will results in overpaying for a property,

Emotional distraction as a seller
As a property vendor you might price your property low. With the emotions dictate; this might be an indirect reflection of what is happening in the market and the broader economy.


Failing to plan
Buying and selling property requires enormous planning and not on emotions but doing otherwise brings huge issue

Becoming too attached to a property

Being emotional or sentimental about your property with bring about unrealistic expectations of the process and selling price. And this can lead to failure.
 
Top