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The false economy of bargains and DIY

Everyone loves a bargain, but when it comes to investing in real estate, penny pinching on the purchase price and professional services can often be more problematic than profitable.

James Fitzgerald
James Fitzgerald says good professionals with strong track records are crucial for the success of a property investment.

Who doesn’t love a good bargain? Prices slashed! Fifty per cent off sales! End of financial year savings! That sense of satisfaction that comes with knowing you’ve scored yourself a cracking deal!

Did you really? Or did you just buy the merchandise they couldn’t move, pay what the item was actually worth rather than the inflated asking price, or worse, land yourself a lemon?

That balloon of satisfaction quickly deflates when you realise that de…