Avoca Beach, New South Wales Australia (PressExposure) May 29, 2007 -- New South Wales, Central Coast, May 2007 â Nicky Price has launched another article on common mistakes made when Investing in Real Estate. It has been proven many times that Property Investing can be financially rewarding and an excellent way to achieve ones financial goals. But, mistakes can be made and usually result in the purchaser losing money.
A very common mistake made buy purchasers is buying the first property one sees. Property Investing is a financial Investment, therefore buying in haste could prove to be quite costly. Investors should take the time to shop around, especially if one is just starting out in this industry.
Interviews with local Real Estate Agents show a trend with Property Investment buyers that is also a common mistake. Agents have been quoted as saying, âbuying with your heart and not your head is a big mistake when purchasing property as an investment.â One result from making this mistake could find buyers spending more on the purchase rather than less. Investing in property is strictly a business transaction and should be treated accordingly.
It is strongly suggested Building Inspection Reports be obtained when purchasing any property. Many thousands of dollars can be lost on repairs to properties, therefore it is vital one knows exactly what condition the property is in prior to purchase by having the property inspected by a qualified Building Inspector. Unexpected surprises could mean the difference between financial success and financial disaster.
The recently launched Real Estate Investment advice blog provides important information on Property Investments. Avoid common mistakes and learn basic tips on how to be a successful Property Investor.
To learn more visit the website www.realestateinvestmentadvice.blogspot.com