In my professional opinion

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One of my students has negotiated a good property recently and today the vendor wanted to see her solicitor with the agreement before signing.

The vendor came back and wanted 2 changes.
1. The late settlement interest figure had to be changed from 9% to 12% as her solicitor said it “had to be 12%”
2. They had to draw up a second original agreement as it was only binding if each solicitor had an original.

Now both these things are absolute nonsense and a timely reminder to us all that we need good professional advice. There are plenty of people who don’t know what they are doing. Make sure you deal with people who do!! Imagine what other drivel this lawyer would be telling clients.

And remember, you will have to spend money sometimes to get good advice. If you aren’t willing to invest in yourself then don’t invest in property.

I’m too afraid to add up what I’ve spent on getting educated and seeing people like Matthew Gilligan and others to ensure I am set up right. But I’d do it again and I continue to invest in myself because it is necessary and the results are great. My forum is an incredible resource of advice from professionals for five hundred bucks a year however I still tell people often to go and see a professional as the laws are simply complicated, (pun intended).

So do yourself a favour today, decide that you will invest in yourself and not begrudge the money, it is not a “cost” or “expense”, it is an investment.

What would it “cost” you to have a lawyer as bad as the above example giving you advice on your investing??