Analysis paralysis in real estate

Analysis paralysis in real estate

Analysis Paralysis in real estate will lead you to confusion. Some of us have a habit of over analyzing a deal based upon opinions rather than facts. It is true that real estate can be risky investments, due to the cycle of demand and supply, and current economic conditions. The reason of analysis paralysis is based upon fear which is similar to buying. Professional Real Estate Investors have a system of doing due diligence which help give the investor the confidence to buy or flip the property without a doubt. Due to the human nature, 99% of investors will keep delaying hoping for the market to go up or down. It is a quite familiar wording that “I wish I had invested in real estate 10 or 20 years ago”.

Analysis paralysis in real estate

During the Canadian Real Estate Investment Strategy Apprenticeship, you will learn over 50 steps of due diligence. Analysis Paralysis in real estate is like a phobia which is full of doubts and fear of unknown.

You may find tons of investors who are walking and talking encyclopedia of real estate but they have never owned or done a real estate deal. Make sure you are not one of them. We are going to clarify the culprits which may be holding some of the investors back.

What is analysis paralysis in real estate?

Analysis paralysis in real estate

Analysis paralysis is when a real estate investor
or an aspiring real estate investor cannot buy a house
because they over-analyze everything. They run the numbers
over and over and are unable to do their due diligence. They convince themselves the property
is a bad deal or someone else buys the property before
they make a decision.

Analysis paralysis in real estate

Analysis paralysis or paralysis by analysis is the state
of over-analyzing a situation with a fear and a doubt in mind. As a result the decision or action is never taken, therefore paralyzing the outcome. A real estate investor might be seeking the optimal or “perfect” solution upfront, and fear could make the decision lead to erroneous results.

On the opposite end of the time spectrum is the phrase “extinct by instinct”, which is making a fatal decision based on hasty judgment or a gut reaction.

How do you overcome analysis paralysis?

Analysis paralysis is caused by fear.
Fear of failing, fear of losing money and
fear of making a mistake. Many people live their
lives through fear, but people should not fear failing.
I think it is much worse to have never tried and not
known if you could succeed than to try something and
not succeed. There are a few things you can do to
convince yourself to overcome your fears and
analysis paralysis.

Analysis paralysis in real estate

What is the worst thing that could happen?

One thing I always consider when making a big
decision about life or real estate is “what is
the worst thing that could happen if I do this?”
In most cases we believe things will be much worse
in our heads than they will be in reality. Actually,
in most cases we don’t even think clearly about what
will happen if things go wrong, we just don’t want to fail.

What happens if you make mistakes and lose time?

When you lose time from mistakes or bad situations
are you missing out on that much? For one thing if
you are stuck in analysis paralysis you are gaining
nothing by doing nothing and losing time anyway.
When you take action and make mistakes you are learning.
Every mistake is a chance to learn and a chance to make
more money in the future. You aren’t losing time when
you make mistakes, you are gaining experience and learning.

Analysis paralysis in real estate

Why you never fail with the right attitude?

People like to use the word failure all the time.
I believe it is a horrible word to use, because it means
you gave up. No one fails if they don’t stop trying.
Many of the most successful people in the world made
many mistakes, but they never gave up. They refused to
listen to the people who told them they could not succeed,
they worked to prove those people wrong. In fact, I would bet
the most successful people make more mistakes than
unsuccessful people. The successful are willing to take chances,
to take risks and that is how they made it big.

Analysis paralysis in real estate

Buying real estate is a big deal and it is an awesome investment
if you do your homework and buy right. Once you have figured
you want to be a real estate investor and you have the means
to make it happen, don’t let analysis paralysis hold you back.
A great deal that you buy is much better than the perfect
deal that you will never find.

Analysis paralysis in real estate

Alberta Tax sale properties District of Opportunity No. 17

Public Sale of Land Alberta Canada Municipal Government Act,Alberta Aug 28,2018 Alberta Tax sale properties District of Opportunity No. 17

Municipal District of Opportunity No. 17

Notice is hereby given that under the provisions of the Municipal Government Act, the Municipal District of Opportunity No. 17 will offer for sale, by public auction, in the Municipal Office, Wabasca, Alberta on Tuesday, August 28, 2018 at 10:00 a.m.

Alberta Tax sale properties District of Opportunity No. 17

the following lands: Lot

Block

Plan

C of T

8 1 641NY

152 052 729

1 2 3280RS

932 165 906

4C

1 0322723

032 180 948 +1

4B

1 0322723

032 180 948

10

15

7921556

072 466 108

1 27

8021530

072 393 758

8 18

1020902

102 202 134

6A

12

0227578

112 259 270

2 1 0023445

112 014 965 +1

Alberta Tax sale properties District of Opportunity No. 17

1 24

8122581

822 178 336

9 3 8620788

002 257 978

5A

15

0420495

042 042 368

19

– 8321796

982 071 357

3 E 8421864

962 010 602

5 4 8820461

112 129 595

Each parcel will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

The Municipal District of Opportunity No. 17 may, after the public auction, become the owner of any parcel of land that is not sold at the public auction.

Terms: Cash or Certified Cheque; A deposit of $100 at time of the sale (nonrefundable); and balance including GST within 10 days of the public auction.

Alberta Tax sale properties District of Opportunity No. 17

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Dated at Wabasca, Alberta, May 22, 2018.

William Kostiw, Chief Administrative Officer.

Alberta Tax sale properties Spirit River

Public Sale of Land Alberta Canada

Municipal Government Act,Alberta

July 26,2018 Alberta Tax sale properties Spirit River

Municipal District of Spirit River No. 133

Notice is hereby given that under the provisions of the Municipal Government Act, the Municipal District of Spirit River No.133 will offer for sale, by public auction, in the Municipal District of Spirit River No.133, 4202-50 Street, Spirit River, Alberta, on Thursday, July 26, 2018 at 10:00 a.m. the following: Lot

Alberta Tax sale properties Spirit River

Legal

Linc

C of T

3.840 acres

NE 21-79-4-6

0021 478 565

238X127

.23 acres

SW 7-78-4-6

0021 482 641

167U106

Each parcel will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

The property is being offered for sale on an “as is” “where is” basis and the Municipal District of Spirit River No.133 makes no representation and gives no warranty whatsoever as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence or presence of environmental contamination, or the developability of the subject land for any intended use by the Purchaser. No bid will be accepted where the bidder attempts to attach conditions precedent to the sale of the parcel. No terms and conditions of sale will be considered other than those specified by the Municipal District of Spirit River No.133.

Alberta Tax sale properties Spirit River

The Municipal District of Spirit River may, after the public auction, become the owner of any parcel of land not sold at the public auction.

Terms: Cash, Bank Draft or Certified Cheque. A three thousand dollar ($3,000.00) deposit is payable upon the acceptance of the bid at public auction. The balance of the accepted bid is due within 30 days or the deposit will be forfeited, and the Municipality will consider the next bid.

Additional terms and conditions of sale will be announced at the sale, or may be obtained from the undersigned.

Alberta Tax sale properties Spirit River

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Dated at Spirit River, Alberta, May 29, 2018.

Kelly Hudson, CAO.

Alberta Tax sale properties Town of Cardston

Public Sale of Land Alberta Canada

Municipal Government Act,Alberta

Aug 14,2018 Alberta Tax sale properties Town of Cardston

Notice is hereby given that under the provisions of the Municipal Government Act, the Town of Cardston will offer for sale, by public auction, in the Town Administration Building at 67 – 3 Avenue West, Cardston, Alberta, on Tuesday, August 14, 2018, at 1:00 p.m., the following land: Lot and Description

Alberta Tax sale properties Town of Cardston

Block

Plan

C of T

7 (PTN

20

4025JK

021063504

Alberta Tax sale properties Town of Cardston

This parcel will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

The Town of Cardston may, after the public auction, become the owner of any parcel of land that is not sold at the public auction.

Terms: Payment must be made by Cash, Certified Cheque, Bank Draft, or Money Order. GST will apply on land sold at the public auction.

Alberta Tax sale properties Town of Cardston

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Dated at Cardston, Alberta, May 23, 2018.

Jeff Shaw, Chief Administrative Officer.

Alberta Tax sale properties Town of Calmar

Public Sale of Land Alberta Canada Municipal Government Act,Alberta

Jul 26,2018 Alberta Tax sale properties Town of Calmar

Notice is hereby given that under the provisions of the Municipal Government Act, the Town of Calmar will offer for sale, by public auction, at the Calmar Town Council Chambers in Calmar, Alberta, 4901-50 Avenue, Calmar, Alberta on Thursday, July 26, 2018, at 9:30 a.m., the following lands or improvement: Lot

Alberta Tax sale properties Town of Calmar

Block

Plan

C of T

12

7 627HW

052 075 275

Alberta Tax sale properties Town of Calmar

This parcel will be offered for sale subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

Alberta Tax sale properties Town of Calmar

The land is being offered for sale on an “as is, where is” basis, and the Town makes no representation and gives no warranty whatsoever as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence or presence of environmental contamination, vacant possession, or the developability of the subject land for any intended use by the Purchaser. No bid will be accepted where the bidder attempts to attach conditions precedent to the sale of any parcel. No terms and conditions of sale will be considered other than those specified by the Town.

Alberta Tax sale properties Town of Calmar

The Town of Calmar may, after the public auction, become the owner of any parcel of land that is not sold at the public auction.

Terms: Cash, Money Order, or Certified Cheque.

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Dated at Calmar, Alberta, June 15, 2018.

Kathy Rodberg, Chief Administrative Officer.