BOOM BUY MISTAKES

When you’re in the thick of things, it seems that prices will only ever go up and stock will keep shrinking. In reality, when looking at previous hot market history we see that potential vendors are encouraged by crazy sales results and decide to sell because they believe they’re going to make a killing. This means that more properties come onto the market, buyers have more choice and steer clear of properties with inflated price tags. As the market goes from hot to warm, buyers have more choice and less reason to panic buy. Better to wait than make a bad decision.