Saturday, July 17, 2010

Strike While the Iron is Hot!







I just got off the phone with a potential inn buyer who had his sights set on a property that appeared to be a perfect fit for him. A one-of-a-kind mountain lodge in a town outside of Rocky Mountain National Park, it's a place where this man has owned a cabin for over 35 years. In other words, it's a place he knows and loves well.

He's had his eye on the property for over two years, even stopping by to take a closer look. Now, he's on his way to the area next month and would like to see it. Finally. Well, guess what? There are two other offers pending on the property now so it's likely that he'll lose out on what would have been a match made in heaven. And, if he wants to move forward and make an offer, he's in a competitive situation, never a good place for a buyer to be in.

Amazingly, this happens often! It's almost as though a message is sent out into the cosmos that brings people out of the woodwork so that they can all bid on the same property.

The truth is, you never know when a property is going to get some action. When you're searching for a needle in a haystack, if the opportunity comes along, it's better to strike while the iron's hot! That way you'll avoid the disappointment that's sure to follow if that dream property of yours slips through your fingers because you thought it would sit on the market forever.

I HATE it when that happens!

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