EP. 1081 - "Discover the 'Herd Mentality' in Real Estate 🏡🐑 #PropertyTrends"

Are you feeling the FOMA in property buying? Ever wondered why we often feel more confident purchasing a property that others are interested in? This episode unravels the mysteries of the herd mentality in property buying. We examine why buyers often fall prey to this psychological phenomenon and provide strategies to help you sidestep the fear of missing out. In addition, we crack open the latest news on interest rates being held for the third month in a row, discussing what this means for mortgage holders.But that's not all! We're also joined by Michael Siljik, a renowned agent who has significant experience dealing with buyers in the Northern Beaches. Michael offers his unique insights into the Eastern European mentality, particularly their nonverbal communication style and how it influences property transactions. Brace yourself for an illuminating discussion on the use of gestures in the negotiation process and the profound impact it can have on buyers and sellers. The knowledge you'll gain from this episode could completely change the way you approach your property transactions. Listen in for a deeper understanding of the factors that affect buyer behavior and how to use them to your advantage.