Making Money when you buy

Property as you might be aware is one of the few investments where people by and large have made money rather then lost. Don't get me wrong people have made money elsewhere too but property investment as a source of making money has been almost a nobrainer. Seldom does one lose it unless you haven't cared to do the homework on the deal.
Against the general notion that you make money once you sell the property, I believe that property based wealth creation works faster if you consider the buying phase and and analyse it closely too. Needless to say there is money to be made, in fact lots of it when you actually enter the deal as a buyer. You know the prices, you know the sq. ft. rate prevailing in the area , you know that prices of similar properties move in unison, so when you stumble across a specific property which is well researched profile wise and notice that price is less then the average or can be negotiated ..... you have almost made money instantly. Not only will you ride the capital again till you sell it( I don't recommend selling generally) or refinance it, you will be ahead of the game to start with. Its not the easiest thing to come across an under priced property but not very rare either. You can negotiate deal to only go through if they are under priced or just walk away. We often shop around for best prices to go on holidays, buy groceries and get our cars fixed. Why not do it to our investments too?

Wealth Basics Rule # 4: Try to buy the property under the market valuation to get ahead in the financial race.