How can you tell the market is hot? How about you get a call from a conveyancer at 9:30 looking for some information on a deal so he can get the sale ready to close? I just got that call, from a notary who is still in his office, working on deal that closes at the end of this month. This isn’t the first time we’ve heard evidence of notaries and lawyers working very long hours to handle the demand.
I read the National Post/Financial Post each day. I don’t always get to read everything, but I think its the best paper around. The last three days its included excerpts from P.J. O’Rourke’s recent book on Adam Smith’s seminal book “Wealth of Nations”.
O’Rourke is a funny guy, (he’s the H.L. Mencken Research Fellow at the Cato Institute; anyone connected to Mencken probably has a sense of humour I like) and his thoughts on Smith are worth reading, even if you dont agree with them (and I’m sure we have a few around here in that camp).
A more real estate related piece by Brad Lamb was in today’s issue. Brad writes about his take on Buyer’s Remorse.
I don’t think Brad is saying “Buy anything, anytime”; I think he’s saying that he’s advised clients to buy (because he can see it will be good for them), they’ve chickened out, and they regret it later. Fear of action will always be a challenge, regardless of the market, but it is exactly that: a challenge. I think Brad is pointing out that you can’t let emotion get in the way of a good move. Sometimes you have to feel the fear and do it anyway. If you want to be successful in real estate you have to realize that fear, on its own, is not a reason to run from a deal. (I’m posting the link in this case because I’m pretty sure that the sentiments expressed will arouse some discussion – for what its worth, I’m with Brad Lamb).