Overcoming Procrastination in Property Investment!
Time is Money, And Property Markets Don’t Wait
When it comes to property investment, procrastination is a challenge many buyers face. It’s an issue worth discussing because it can be quantified: once you understand how fast the market moves and the average timeline for buying a property, you can calculate the true cost of waiting.
The reality is, time is money. According to Domain, the average Australian takes over nine months to search, inspect, and negotiate before purchasing a property. However, mortgage pre-approvals only last 90 days (12 weeks). In practice, many buyers struggle to complete 12 full weeks of open homes due to work, family commitments, and other responsibilities.
If you manage to inspect two properties per weekend, you’ll see roughly 12 properties in that 12-week period. But how many of these will actually be suitable?
How many are underquoted on price?
How many require significant renovations or repairs?
How many simply don’t meet your needs?
In reality, only a handful will align with your criteria. Meanwhile, the market doesn’t stand still. Prices could be moving away from you, and properties that were once within reach may no longer be affordable or available. Waiting too long means you risk losing valuable time - and ultimately, money.
How to Overcome Procrastination in Property Buying
At Providence, our team inspects 12 properties in just three weeks. That’s a significant acceleration compared to the typical buyer’s timeline. This approach allows us to quickly identify the best opportunities, saving our clients time, money, and stress, while letting them focus on other aspects of their lives.
The key to success? A clear plan of action and efficient execution. Procrastination is costly because it translates directly into financial losses, and that’s something every buyer wants to avoid.
Why Do Buyers Procrastinate?
What’s holding buyers back? It’s not always just fear of making the wrong decision - often, it’s the sheer overwhelm of life. Many buyers juggle full-time jobs, school runs, sports, and family commitments, making it easy to delay action. This is where outsourcing the buying process to a professional buyers’ agent can make all the difference.
The Cost of Waiting in Property Investment
The property market doesn’t wait for anyone. Even in quieter conditions, values can rise faster than buyers can save. Delaying your decision could mean paying a significantly higher price later. So, don’t let procrastination hold you back. Take action today and start working towards your property goals!
