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Updated almost 6 years ago on . Most recent reply
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Have you ever regretted NOT buying a property?
There are lots of stories about buyer's remorse, but have you ever regretted NOT buying a property?
If so, what caused you not to buy the property in the first place? And what did you realize later that made you regret not pulling the trigger?
Most importantly, how did this experience shape your future decision making process?
Most Popular Reply
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- Investor, Entrepreneur, Educator
- Springfield, MO
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Absolutely have kicked myself, several times, but one really stands out. It was a farm house and barn, just over 3 acres outside the city limits on the southeast side. It was a booming area and about 500 feet from the south Sam's Club. I was going to put my mortgage company there. Thought about for about 4 days and lost out!!!!! Probably lost 1.5 M by dragging my feet.
Have regrets on the selling side too, further east from my missed buy out about 5 miles I had an acreage that I was using as an out of town second home get away. River frontage with an A frame (I could stand on either deck level and spit in the river, saying it that way to say I'm on the water) property had a barn, corral, tennis court (previous owner was a tennis coach so it was a professional court) pond, grass pasture and an old cabin. As things go, it was just a weekender and a long story but bottom line, a very wealthy neighbor ask me what I had to have for it, like an idiot I opened my mouth, in a few minutes he said write it up.
I learned to act quickly and to say no to those I know.
Now, I'm single and retired!!!!! Minutes to all kinds of shopping and services yet secluded from city life. A perfect retirement spot, I can see myself riding a good horse, having all my toys in the barn, knocking the ball around, kayaking in my backyard or just jumping in and sitting on the rapids having a cold one.
Please excuse me for awhile, now that I've been reminded again, I need to go kick myself some more!