Biggest Mistake Ever that Many People Made

If you are at the age of 25-30, each time when we attend gathering or friends/relatives' wedding dinner, some topic like car, house, partner is never missed out. Some friend around us have bought few houses, some have 1 house, and some are grumbling that they have no money to buy a property.

Yes, you will always heard this:

"I don't have money to buy property!",

"I heard my friend said, the economy will down next year, so I don't buy",

"I haven't see any house that I like yet",

"I don't like the location.",

In summary, there are five major reasons that why they still haven't own a property yet:

1) Speculate that the housing price will drop

In fact, the statistic shows that property price is increasing throughout the last few years, despite the change of economic circumstance. If this is so true, and you haven't own a house, do you think it's worth to renting and help other people to own a house?

2) Act slow

Spending time on researching the best property, but never able to make up the decision and dragging their purchasing desire. Unfortunately, the price may not fit their budget when their purchasing desire come.

3) Aim to get a 100% perfect house that suits them

Indeed, a property price is not cheap as an apple, many of them too picky in selecting their perfect home. A single spoil of tile on wall hold their decision from purchasing, while hoping there is a better house which never exists.

4) Never trust to any developer and agents

They are over beware of the news/rumours that many agents and developers cheat on the transaction. Of course be careful in paying the transaction is a must, at the same time you can protect yourself by choosing a reputable developers and agents to avoid the tragedy.

5) Refuse to know/ taking advice

In their mind, purchasing the property is always the game for rich one. In fact, the poor one will always be poor when they refuse to know and find out the way to get the solution. The best example I can show is you can own a house today with RM8000 to own a RM600k property. If you are going to dig out more information, and congrats you are at least not fall into this category of traits.

This is not to say that advice is always good to follow--many people who invest on a tip lose money. A willingness to listen to others, and being humble enough to take advice, is important for success.

6) Not willing to tie up with commitment

Indeed, bearing with debt is stressful for many. A proper financial planning and investment strategy can help to solve your solutions. Hire a professional to advice, taking care of your property, collecting rental and selling the house (if applicable) to achieve your goal (for investment).

Hoping that the above traits does not fall on you. Acquiring your property has never been so hard as long as you get a trustworthy person to assist you. Open your mind and get ready to the journey to become wealthy.