Linz’s Musings – Don’t fall victim to FOMO
As we close the chapter on another month, we start our slow decent into Winter here in Oz.
There is certainly on sign of the real estate markets cooling though, in fact, particularly in the U.S. its heating up even more…
I put up a post on socials yesterday, I thought was quite funny (if you didn’t see it check out our social post on Instagram or FB for April 29) describing the real estate market in the U.S. like a game of musical chairs.
Now, while this was ‘tongue in cheek’ so-to-speak, it actually was also kind of apt…
It certainly can feel like the floor is on fire sometimes, when everything is moving so quickly, deals are getting snapped up left, right and centre. We can start to get that dreaded feeling of FOMO (fear of missing out).
Its important though, not to let that frustrate you. Do not be fooled into thinking you are ‘missing out’ or get pushing into paying too much for a property, just to get a deal.
Remember, my father always told me, “You make your money when you buy something, not when you sell. Selling is just the realisation of the profit”.
And while now, might seem an incredible time to get into the U.S. residential market, with the right strategies, its ALWAYS a good time, not just now…
So, have patience, do your due diligence and if you miss a deal, watch out for the next, it will come.