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My personal experience is that quite often "luck" is just someone winning via statistics. After all, when you try something that has a 1% probability of succes
by Tade0 3y ago
My personal experience is that quite often "luck" is just someone winning via statistics.
After all, when you try something that has a 1% probability of success seventy times, it becomes a coin toss whether you succeed at least once.
I was "lucky" with the apartment I bought because I've become obsessed with checking listings and at one point was doing it several times a day.
Took eight months to find the right property and now when I talk with people looking for a place everyone swears that there's nothing for sale in my area.
The truth is that there is - 3-4 times a year and you have to call the same day, because it gets bought immediately.
- gosub100 3y agoCan you help me understand those types of real estate markets? If they are sold immediately doesn't that mean the sellers are giving up substantial gains by not asking enough?
- Tade0 3y agoI don't understand them either to be honest. What I do know is that most of the apartments I've seen which were offered at a good price went for sale as part of a divorce settlement. My significant other has an uncanny talent in getting such information from people. This neighbourhood was planned with families in mind and people hold on to their properties here, so I suspect it's mostly divorcees wanting to deal with the matter as soon as possible. Normally investors scoop it all up, but at the third attempt in this area I managed to get ahead of them.
- pjerem 3y agoDivorce makes the fastest sales but the thing is people always sell for a reason anyway and every seller have somehow a deadline depending on what’s next.
- pjerem 3y agoMost of the time, sellers are in the process of buying another place (or other life reasons like divorce or whatever) so they are incentivized to sell at a good price but also pretty quick.
- wnc3141 3y agoyou see that with very high dollar listings. They sit on the market longer