A Client's Pound-Foolish DecisionI remember the advice I received from a savvy real estate investor as I was about to purchase my first house.

It was listed at $29,000, and I inquired about whether I should offer $28,000.

The investor told me, “If you like the house, don’t lose it for $1,000. Do you know what $1,000 is? It’s $6.00 a month for the life of the mortgage.”

When broken down into those terms, who wants to lose a desirable home for $6.00/month? You can use the same logic when trying to convince possible clients NOT to go blindly with the low-ball home inspector.

I discuss this mindset in this week’s video blog.

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