Buying a property in your early 20s is one of the smartest decisions you will ever make. Not only will you get a jump-start on building wealth, you also won’t be left struggling to pay off a mortgage later in life.
Buying a property at auction can be a stressful event, even if you have done it once or twice before. It is the fact that there are other people there to compete in price for a property that you have already decided you would like to buy.
That is one of the reasons why people take properties to auction – to create that emotion and build that feeling in the buyers that they may miss out; moreover it is in our nature that once we have decided we want something, we’re very likely to go after it.