Dr Sam Wylie

There's no way she will accept it.

And that's that.

But that tells you something about their bottom line on the other side, doesn't it?

So if you up it a little bit and then they say, okay, well now we'll take the offer to the vendor.

Now you know you sort of crossed a threshold here as to what's even possibly acceptable to the seller of it.

So you need to test that threshold.

And one way to test it is whether the real estate agent will take your offer

to the vendor.

I know a lot of properties are sold by auction as well, and you need to do similar things when you go to auctions.

A year ago, you would go into it thinking, I may have to pay 10% or 15% more than the reservation price.

Now you should be going into it thinking, this thing might not sell, and then I'm going to negotiate afterwards.

I'm going to make a lowball offer, and it won't sell, and then I'll go into a negotiation.

with the vendor.

Anyway, I just think that in this market, the soft market where you don't know where the bottom is, take your time and don't pay too much.

Well, saving and regularly investing is obviously a big part of your finances.

You've got a long way to go.

Let me point to a couple of things here that you haven't mentioned in that and that you want to get right.

You want to take the right amount of risk.

Save plenty of money.

And then take the right amount of risk for the long journey that you're on.