Meaningful long term decisions

There is no doubt there is a degree of difficulty in making meaningful long term decisions in the current property market when faced with a daily barrage of negative media information, most of which is speculative.

The only available facts are historical. As they say, hindsight is a wonderful thing. Without stating the obvious, some basics must surely come in to play in making wise purchase decisions like;

1. Can I afford this?
2. Is this a home that works for me? (I love it!)
3. Do I intend to hold this for the medium/long term?

If the answer to these question is yes – history would demonstrate the purchase will add to your life personally and financially.

The ability to move forward in a purchase decision most often relates to confidence. Doing the homework is one thing – the ability to stand back from the noise of many voices and make a wise decision can be another. Sales numbers are down, and yet as the saying goes, the time to buy is when no one else is. Great in theory for some, harder in practice. We note with interest, that generally buyers would prefer to pay more in a heated market, proving one thing – the buying decision is essentially a feeling.