-
Emotional Decisions: How to Stay Rational When Choosing a Fixer-Upper
This leads to emotional buying or impulsive decisions owing to emotional attachment, which is bound to affect the buyer and not align with their best interests. Rationality during the process of buying is always important to ensuring an investment is sound. My husband and I wanted this old-timey piece of history, and when I said we were buying, it seemed really so in love with me. Our emotions may have almost drowned out our better judgment. I recently was reading an article where NY Real estate developer Dov Hertz was interviews. He emphasizes the need for objectivity: “Don’t get attached to a property before you have fully appraised it.” This…