In case you have been living under a rock, you know that the seventh instalment of Star Wars has finally arrived — a decade after Revenge of the Sith. While the story takes place in a cinematic universe in a galaxy far, far away, it provides chunks of wisdom relevant to property investors in our world.
To celebrate the coming of Star Wars: The Force Awakens, below are some words of wisdom that can teach you a thing or two about investment (and hopefully help you become a property investment Jedi).
Be 100% Committed
During Luke’s Jedi training with Yoda in the original trilogy, the Jedi Master uttered these words: “Do or do not, there is no try.” This means Luke needs to be 100% committed to the cause that trying is not an option.
Investors must try and try to find the right investment property that will provide them the highest yield. Resortbrokers.com.au suggests working with property brokers who can help with the process from start to finish.
Don’t Let Your Eyes Deceive You
“That’s no moon… it’s a space station.”
In Star Wars Episode IV, Luke Skywalker mistakes the Death Star for a moon—and property investors have something to learn from the scene: double-check the property before buying. Personally visit it, and get additional information from neighbours or brokers. A property that looks to be in great shape could be hiding some issues.
Don’t Let Emotions Rule You
In the Revenge of the Sith, Chancellor Palpatine convinced Anakin Skywalker to turn to the Dark Side. Anakin’s visions about the death of his wife led him to become Sith Lord Darth Vader.
The lesson here is to do not let your emotions control you, or you may end up going to the Dark Side. When purchasing an investment property, it is easy to be persuaded by the excitement about your new investment. To help you get the best deal, try to remain objective during a transaction.
In the current market, some investors planning to sell their properties may also feel pressured to sell sooner. It is important to avoid acting in panic and fear, and instead think first and weigh all the options.
Movies teach us life lessons, and Star Wars is certainly overflowing with them. The events may involve the Jedi, clone troopers, and other elements that do not really exist in our world, but property investors like you can surely learn a thing or two from them.