Memoirs Of A Property Agent:
I Used To Be Jealous Of My Clients…

"By Terence Lee, Property Strategist"
I had long wanted to share this story of mine. But whenever I started writing, I would stop.

Because honestly, it’s a little embarrassing.

But after plenty of start-stop attempts, I finally powered through and completed it.

Since I realized that my own experiences can help other home owners make the safest and most logical decisions regarding their properties.

Which is especially important now, given the turbulent state of the market.

What’s a little embarrassment when it can benefit others greatly, right?

**Or… if you like me to tell you my property story in person (I’m a more vivid face-to-face story-teller), fill in your details below and I’ll contact you to arrange a date and time.

Plus, I’ll share lots of other property-related essential info with you! This is a fraction of what I’ll be sharing:
  • How to differentiate between the hype and the truth in property investment – A home owner’s guide to safe but effective property wealth generation.
  • The key to buying a private property without over-stretching your finances. (This is the mistake I ALMOST made, so I’ll be sharing my new and improved strategy based on personal experience)
  • The “Profit From The Panic” Property Blueprint – How To leverage on your home as a profitable and secure investment vehicle, even if many others are panicking.
  • The 2nd Property Gameplan – Leverage on your HDB flat as the foundation to comfortably own a 2nd property, and perhaps eventually have a “Multi-Property Empire” of your own.
  • Key trends and developments in the Singapore property market, so you can make the best property-related decision for your family.
  • Plenty of other property-related strategies, techniques and insights you won’t find anywhere else!

My Conservative But Effective Approach To Property Has Benefited Many Home Owners

Or read on to enjoy my embarrassing story before we meet up…

Back In 2011, I Was Planning To Buy An Expensive Condo With My Fiancée…

At the time, I was a hotshot young agent, who thought that I had the world at my feet.

I was closing sales. Making good money.

Make money already, must spend also right?

And what better way to spend, than to invest in a condo with my fiancée?

It would give us a great foundation for investment purposes, and also a dream home to start a family.

We visited showflat after showflat. Considered more projects than I could count.

Before finally deciding on what seemed like a flawless choice.

The condo was in a mature estate with amenities aplenty. There were a few good schools for our children. It was located conveniently with public transport and expressways close by for easy travel.

Everything was seemingly perfect. Except for one thing:

The Finances

As mentioned earlier, I was making a decent income as a young, hotshot property agent back then.

I definitely had enough in the bank to afford the initial 20% down payment.

But what about after that? More specifically, the monthly loan repayments of a few thousand dollars?

I had not really considered that initially.

My head was too far up in the clouds…dreaming of all the benefits and prestige of being a private home owner.

After the initial euphoria wore off, I got my head together and did what I should’ve done in the first place: A comprehensive check of my finances.
What I realized was depressing…

The monthly loan repayments had the potential to ruin my finances in the long-term.

Especially if I suffer a loss of income (not uncommon in my industry).

If that happens (touch wood), I did not really have a back-up plan.

And that would mean financial ruin for my family and me!

In other words, my condo purchase would be a MASSIVE RISK.

So call it cold feet. Or a last minute descend to reality.

But just as I was about to sign the contract…

I Pulled Out Of The Purchase At The Last Minute

Over the years, I’ve continued to service my clients in their private property ventures, while arming myself with more experience and knowledge.

For those who completed their purchases without financial complications, I could not help but feel a little pang of jealousy.

But at the same time, I feel relieved that I did not go through with my unwise purchase. Because first and foremost, I have to be financially responsible.

There will always be “good deals” in the market. Since I’m in the industry, it’s not difficult for me to identify them.

So when my family and I are ready, we will definitely take action to upgrade our lives. Not earlier. Not later

The moment finally came in 2019…

After building my nest egg and financial reserves for 8 long years, the time was finally right for us to upgrade to a condo, safely and securely.

So Why Am I Sharing My Story With You?

I’ve seen many home owners, some of whom are my friends, make the same mistake I almost did: Committing to property purchases they would have difficulty servicing.

Whether is it upgrading from HDB to private, buying a second property for passive income, or even investing in overseas properties… I’ve seen it all. And I’ve witnessed the financial stresses they put themselves through.

Unfortunately, they did not ask for my advice before making those purchases. If they did, I would have shared my own personal experience with them.

That’s why I feel that it’s my responsibility to write this message for all of you now.

Moral of the story - always err on the side of caution. Buying property is probably the biggest purchase you’ll make in life.

Make the wrong purchase decision, especially when you’re not financially-ready, is a sure-fire way to fall into financial ruin.

Don’t let that happen!

So Are You Unsure If You’re Making The Right Property Decision?

If you are, it’s totally normal. Making a 6-7 figure commitment should never be an impulse one.

Instead, you should cover all your bases. Do your due diligence. Make sure this is the right financial move, instead of following a “monkey see monkey do mentality” and blindly chasing that social status.

I almost made this mistake, and I want to help you avoid falling into this damaging trap.

Register for a Property Strategy Session with me, and I promise that you’ll get nothing but the most honest and cautious advice from me.

When it comes to property, better be safe than sorry.

Agree? If yes, fill in your details below and I’ll contact you for your Property Strategy Session over coffee (or beer!) ASAP. Talk soon!
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