Anytime you are shopping for real estate you want to be 100 percent confident in the deal before moving forward. The last thing you want to do is spend thousands of dollars and find that you made a mistake. That being said, there are two times when you may want to ?settle? when buying an investment property.
1. If the price is too good to be true. There may be a few details that you don?t care for, but with the right price you can make up for them. Of course, you need to make sure that the price really is too good to be true. You never know when an underlying detail, such as a major defect, will make the low price not so attractive.
2. When you see potential that everybody else is overlooking. Some people may look at an investment property and see nothing. But those with experience and vision have the ability to look past these details and realize that settling can be a good thing.
Settling is not always a good thing when buying real estate, but this does not mean that you should totally discount it. If one of the two situations above come up, you may be in perfect position to get a great deal.