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What you should never do

Sydneys leading Buyers Agent and aussieproperty.com member Peter Kelaher offers some advice on the key issues you should avoid when acquiring property. Useful tips that could save you thousands!
- Never rush your decision. It is much better if you adopt a cautious and time consuming search in consideration of properties rather than jumping quickly into a purchase that doesn't really suit your needs. Many people rush into buying property with the end result being what is called Buyers Blues. This is when you are in remorse and regret, for buying something that you are not 100% happy with. You will however always receive a small touch of Buyers Blues no matter how happy you are, due to a new sense of commitment.

- As much as possible discipline yourself to look at properties practically and without emotion. Emotions tend to cloud good judgement. I know this is easy to say but much harder to put into practice when you are looking for a family home it has to feel right. I find the best way to make a healthy decision on property, is that one partner adopts the emotional side and the other the practical side, coming together ending up in a very balanced decision.

- Do not under any circumstances sign anything until you have consulted with your solicitor, and feel comfortable with the commitment you are about to make. Always view a property more than once, and if you do feel as though this is really the one for you, act quickly but sensibly, not looking to keen so as to avoid paying a higher price. Remember the real estate agent you are dealing with works and represents the seller.
He or She is there to get the best price, terms and conditions for the seller not you the buyer.

To get the best price, terms and conditions for the Buyer, you should employ what is called a "Buyers Agent" (property negotiator) who works in your best interests only.

Never miss the chance to own a good piece of real estate. The saying goes "the only bad property investment is no property investment". In most cases this is not far from the truth.  

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