End of last year we advertised some 40 properties on Property Investor Network before the December revamp of the property sections. Which of course is done but no properties listed yet, all on its’ way.. anyway I digress.

The deals were good, of course, as the market is different now and in a buyers market most deals all of the sudden seem good. But the problem was that many investors couldn’t make their mind up which to buy.

Heck, you have 40 to choose from, can’t you just choose one. I know, it should easy but it isn’t, I agree. So, here is the problem and the solutiuon.....

After 4 years of prices going up and up endlessly in the property market in South Africa all of the sudden to see good deals, is just a shock to the system. 10% and 20% below market value and even 30% below market value is just unreal when everything was above market value just a few months ago.

But this is also a catch, because the lack of decision and shock lead to zero action and zero action does not make any profit nor does it increase the property portfolio by anything more than zero.

If investors don’t know what to chose from anymore and some think the next property deal will be better and better than the previous, at this rate the market will turn again and they didn’t buy anything while there was time to pick the deals.

I sure hope they make their mind up before the market turns back into a sellers market. This is catch a 22 situation and investors should follow their plan and portfolio. M

If the returns are good and the property matches the investing profile and portfolio there is not much to dwell about, a good matching deal is a good matching deal any day.

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Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.