Risk comes from now knowing what you’re doing. – Warren Buffett
When Mr. Buffett made this comment he was likely referring to trading in the stock markets, but the reality is, this can apply to so many areas.
A simple example of risk would be learning to ride your bike, and inevitably falling because you don’t know what you are doing. However, if you were lucky you had a family member there mentoring you, showing you the ropes and encouraging you and eventually you are a pro! You never look back.
Similarly, real estate can be like that – but, surely it is a lot more complicated than riding a bike. And it’s beset not to ask family members for help! However, if you hire a professional they will know all the ins and outs, and if that REALTOR® truly is great, they won’t have so much pride to tell you “I’m not sure, but I’ll get the answer”.
Since real estate is so intricate and any number of situations can come up, I highly recommend that you hire a great local agent who can mentor you threw the process and encourage you along the way. I’ve heard too many stories of people trying to navigate through real estate along, without any professional help, and in the end, they have a big crash – and sometimes run home to mom (literally adults do that sometimes).
Point being, put your helmet and your game face on, but don’t go it alone. Get someone that knows what they are doing so that you limit your risk! Happy hunting!
What do you think?
Born in Nebraska in 1930, Warren Buffett demonstrated keen business abilities at a young age. He formed Buffett Partnership Ltd. in 1956, and by 1965 he had assumed control of Berkshire Hathaway. Overseeing the growth of a conglomerate with holdings in the media, insurance, energy and food and beverage industries, Buffett became one of the world’s richest men and a celebrated philanthropist.