Im FREAKing out, buying my first house?
July 26th, 2009 | by Anthony |aussie_guy asked:
im buying my first home for 275k got finance and going through contract stuff now. is there any tips or clues for buying and selling investment houses? also any tips on stress management?
thanks maggie its really my first house then. I completely understand that the two need complete separation. the house i refered to as my first home is 4 br on 600m2 that is zoned as high res. so great investment
VINCENZA
2 Responses to “Im FREAKing out, buying my first house?”
By Maggie on Jul 27, 2009 | Reply
Worry is like a rocking chair. It gives you something to do but gets you nowhere.
Buying or selling a house is up there with divorce and bereavement on the stressometer. Everyone loses sleep over it, but you get there in the end. I just take the view that if I’m meant to have this house, I’ll get it. If I’m not, there’ll be a better one around the corner and it has always been true. I have never come across anyone who was sorry that a deal fell through.
As for investment. You say you are buying your first home and then you ask about buying and selling investment houses. The biggest tip I can give you is keep the two completely separate in your mind. Your home is where your heart is, choose it that way if you wish. If you are investing in property, your heart has no place in the decision making process. It’s pure business. You have to be dispassionate and logical in your choices and decisions. You have to be able to think like your customers (renters or buyers) and not buy or refurb to your tastes or standards, you won’t be living there. Learn to distinguish between the two or you will make some big mistakes and waste a lot of money.
By littledevotional89 on Jul 29, 2009 | Reply
Can I have the best answer???? haha