Automarket Journal

One of the things that I have learned about life from my adventures in real estate investing is that it is smart to know the value of things on the market.  It means that if you want to have an idea as to what the value of a property is, you need to look at a lot of properties.

Taking this little nugget of wisdom to heart, when I went looking for a new car, I decided to follow the same advice.  Alright, it was going to be a new car for me, but truly all I can afford is a used one.  So I made a list of places that sold used cars in Fort Worth and planned to visit all of them.  But the goal was to get a feel for prices and not buy a car on the first time out.

After taking a look at the cars, I was beginning to get an idea of what they were worth.  But that wasn’t enough for me.  Instead I thought that I should check out prices elsewhere to see if that made any difference.  I made a visit to check out used cars in Weatherford to get a feeling for the prices.

When I noticed that the prices were similar, I picked out one I liked and bought it.  But I feel much better knowing that I looked before I leaped – I know I paid a good price.

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