The Price of Inaction
via travisbuyshomes.com
“The price of inaction is far greater than the cost of making a mistake.” -Meister Eckhart
Analysis paralysis – it’s quite a regular phenomenon. For me, it strikes most frequently in the shopping aisles while choosing items that are relatively inexpensive, but just expensive enough to warrant consideration. For many, it strikes during much more important decisions – which car to buy; which investment strategies to use; or perhaps how or when to sell a house.
Certainly, selling a house is a decision that necessitates careful consideration. It can have a large impact on a person’s domestic life, personal finances, and credit rating. There is a thin line, though, between careful consideration and unnecessary sitting and thinking (“thumb sucking,” as Warrant Buffett calls it).
The gravity of the decision is further exacerbated when a seller faces a distressed situation – as with a job loss, divorce, or vacant properties. This can often lead a person to task avoidance or altogether burying their head in the sand – which of course leads to the worst possible result.
A decent proportion of the sellers that contact me on a weekly basis want additional time to consider their options. Some of them take as much as three or four weeks before moving forward. Others avoid the decision all together. One late mortgage payment becomes a full month delinquent, then two months behind, then three… Forget about how much equity can be had today or when the mortgage will be paid off. Suddenly, the options are severely narrowed and the only objective is to avoid foreclosure at all costs.
Please don’t let this happen to you. Making a difficult decision that involves risk with your personal finances, the equity in your home, or your credit rating may seem monumental. The price of inaction is far greater, however.
th
“The price of inaction is far greater than the cost of making a mistake.” -Meister Eckhart
Analysis paralysis – it’s quite a regular phenomenon. For me, it strikes most frequently in the shopping aisles while choosing items that are relatively inexpensive, but just expensive enough to warrant consideration. For many, it strikes during much more important decisions – which car to buy; which investment strategies to use; or perhaps how or when to sell a house.
Certainly, selling a house is a decision that necessitates careful consideration. It can have a large impact on a person’s domestic life, personal finances, and credit rating. There is a thin line, though, between careful consideration and unnecessary sitting and thinking (“thumb sucking,” as Warrant Buffett calls it).
The gravity of the decision is further exacerbated when a seller faces a distressed situation – as with a job loss, divorce, or vacant properties. This can often lead a person to task avoidance or altogether burying their head in the sand – which of course leads to the worst possible result.
A decent proportion of the sellers that contact me on a weekly basis want additional time to consider their options. Some of them take as much as three or four weeks before moving forward. Others avoid the decision all together. One late mortgage payment becomes a full month delinquent, then two months behind, then three… Forget about how much equity can be had today or when the mortgage will be paid off. Suddenly, the options are severely narrowed and the only objective is to avoid foreclosure at all costs.
Please don’t let this happen to you. Making a difficult decision that involves risk with your personal finances, the equity in your home, or your credit rating may seem monumental. The price of inaction is far greater, however.
th
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