What's that feeling?

Discussion in 'Investor Psychology & Mindset' started by Bran, 10th Feb, 2016.

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  1. Bran

    Bran Well-Known Member

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    How do I describe the feeling that I have right now - after you make an unconditional offer on a property you've never been in, in a location that you would never have bought before today, at a price that is higher than any you've ever bought before (including your PPOR), for a medium-long term plan involving something that you've never done before?

    Argh!

    #takeabigbiteandkeepchewing
     
    Bran, 10th Feb, 2016
    #1
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  2. Bran

    Bran Well-Known Member

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    If you need me, I'll be vomiting.
     
    Bran, 10th Feb, 2016
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  3. Heinz57

    Heinz57 Well-Known Member

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    Fear and loathing. Or indigestion
     
    Heinz57, 10th Feb, 2016
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  4. Greyghost

    Greyghost Well-Known Member

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    #coolingoffperiod
     
    Greyghost, 10th Feb, 2016
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  5. Xenia

    Xenia Well-Known Member

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    Excitement and growth
    I'm sure you will be fine Bran
     
    Xenia, 10th Feb, 2016
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  6. D.T.

    D.T. Specialist Property Manager Business Member

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    Have definitely been there, it's addictive so ya just keep doing it :)
     
    D.T., 10th Feb, 2016
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  7. Steven Ryan

    Steven Ryan Well-Known Member

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    What @Xenia said.

    One of my best deals was one I walked into on the first open with a blank cheque and bought unconditionally on the day.

    @ellejay, a bit early to be asking I reckon.. usuaully when someone is buying sight unseen without conditions they are trying to snap something up before too many people catch wind ;)
     
    Steven Ryan, 10th Feb, 2016
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  8. ellejay

    ellejay Well-Known Member

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    I realise that, it was an attempt at humour ;)
     
    ellejay, 10th Feb, 2016
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  9. Bran

    Bran Well-Known Member

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    Ha ha. I hope I can share this one.

    Ha ha. I hope it's declined so I can share this one.

    Shut up you.

    No, the other one.
     
    Bran, 10th Feb, 2016
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  10. ellejay

    ellejay Well-Known Member

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    It's exciting, just enjoy the moment.:)
     
    ellejay, 10th Feb, 2016
    #10
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  11. bob shovel

    bob shovel Well-Known Member

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    whats the worst that could happen? property always goes up!:confused::cool:

    im sure you at least half a peanut upstairs to make an educated decision.
     
    bob shovel, 10th Feb, 2016
    #11
  12. Coota9

    Coota9 Well-Known Member

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    Don't sweat it,after all it's only money
     
    Coota9, 10th Feb, 2016
    #12
  13. Adele

    Adele Well-Known Member

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    Fancy?:D
     
    Adele, 10th Feb, 2016
    #13
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  14. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

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    Ooooh I know the sick feeling. I felt it when my first ever investment property offer was accepted. It was a verbal offer and the agent rang up and said congratulations it yours and I thought "yay how awesome :D" and then immediately thought "oh god :eek: what if this and what if that". It wasn't even an offer in writing let alone on a contract with my signature on it and there I was indulging in panic as though I was already committed. Thankfully I pushed the feeling aside and referred back to my factual research and got on with getting that thing under contract before anyone could change their mind :) . It certainly was not sight unseen though and that contract of sale was stitched up with so many conditions in my favour it was ridiculous :p .
     
    JacM, 11th Feb, 2016
    #14
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  15. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    offerors remorse

    ta

    trolf
     
    Rolf Latham, 11th Feb, 2016
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  16. JenW

    JenW Well-Known Member

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    The emotion? How about - terror?
     
    JenW, 11th Feb, 2016
    #16
  17. Sackie

    Sackie Well-Known Member

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    Good luck @Bran. I'm sure you'll be fine. Enjoy the moment :)
     
    Sackie, 11th Feb, 2016
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  18. Bran

    Bran Well-Known Member

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    Sleepless night :/
    It's all numbers I keep telling myself. If it didn't make numbers sense, I wouldn't do it.
     
    Bran, 11th Feb, 2016
    #18
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  19. EN710

    EN710 Well-Known Member

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    I call it "what have I done"
    I'll be looking for faults (after it went unconditional) found some and went "sugar!!" Then go to sleep. Repeat several days until I'm tired
     
    EN710, 11th Feb, 2016
    #19
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  20. wylie

    wylie Moderator Staff Member

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    Are you pushing for a signature to wrap this up today? I hate waiting for the second signature wondering what is happening behind the scenes.

    Will this be an IP, potential development block in the future or a new family home?

    Good luck!
     
    wylie, 11th Feb, 2016
    #20
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