Patience is a virtue and how it can improve your life.

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Patience is a virtue and how it can improve your life.

Before I get into the deep dive on how patience can help Boston condo for sale buyers, let me tell you a short story, its a story how a Beacon Hill rental agent.

God grant me patience, but I want it now

The Beacon Hill apartment rental agent sat in an uncomfortable-looking straight-back wooden chair. Hunched over a yellow legal pad on his lap—writing furiously with a felt tip pen.

When his roommate entered the room, she said, “What are you doing?”
“Self-treatment for my self-diagnosis,” he replied. And he kept on writing without looking up.
“For what?”
“My mental disorder.”
“What mental disorder?”
“Clinical impatience.”
“Give me that!” She grabbed the pad out of his hand.
Row after row of his squiggly script read, “I will try to be more patient.”
“Why didn’t you do this on your computer?”
“The thing was taking too long to boot up.”

Okay let’s get into the deep dive,

We’ve all heard the term “patience is a virtue” but have you ever asked yourself what does it really mean? As a Boston real estate broker, to me its the ability to wait for something without frustration and it also displays a positive aspect of ones personality.

The Buffet study

A study of behavior at breakfast buffets showed that the first item in the buffet was taken by 75% of the diners (even when the order of the items was reversed) and that two-thirds of all the food taken came from the first three items, regardless of how long the buffet is.

This means that smart consumers benefit from adopting patience as they consider what else is on the menu.

Of course, this game theory applies to a lot more than food.

How this applies to the Boston real estate market

I received an email the other day and I was asked when will prices start to come down for Beacon Hill apartments.

I told her I can’t give her an exact date, but I do know as tempting it is to jump on the fist item that meets your price criteria, it may be best to wait (have patience) to see what else is on the menu down the line . You might not have to pay a broker fee or you’ll see a better item on the menu at a cheaper price.