We know that there is a lot of noise out there are the moment. We’re here to tell you that these changes will not be permanent.
Property is a not “get rich quick” and if that’s what you’re expecting, you’re already losing.
Does the short term outlook look different? Yes, that’s obvious. So, it’s time to find the opportunity in a crisis and hatch your plan for the long term.
Here are our top 5 tips to capitalise in the current market:
Assess Your Portfolio
Make sure you are prepared for what’s to come. Is everything on the correct product? Are you on the best tariffs for utilities?
Choose your Information Carefully
Get your information from a select number of trusted and reliable sources.
Too much noise, too many different opinions and too many different sources can cause confusion and contradiction. Establish what information you can trust and stick to it.
Be Agile
Agility across multiple strategies and even areas might just be the difference between continuing to be profitable and having to tighten your belt.
The Power is in the Follow Up
If you’re able to, follow up on those killer deals that you missed out on. There will definitely be a good deal out there waiting to be had.
Don’t Panic
We’ve talked a lot before about creating a realistic a robust strategy. You need to ensure you’re capable of absorbing shocks and being able to mitigate risks. Look beyond the short and even mid term uncertainty to weather out inevitable fluctuations in the property market. However, now more than ever you need to think and plan with the long term in mind.
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