Some people just get the money, and the excitment of a possible ownership of a property, gets to overshadow the ESSENTIAL considerations and MUST DOs of the real estate business.
The following are key things you should know and do, before investing in any property:

1. Learn to spot a good location-
In simple terms, what are the key landmarks of that location? What social amenities are there and what is their condition? Is there any scenic view in that environment? Etc. Are you getting a property where the environment is retarded and nearly desolated? Or are you getting it where things are happening or where things will soon happen? This is very important. Learn to spot a good location. A good location is always fast developing, and value of properties appreciate fast. Remember that.

2. Learn Pricing-
Okay. Some real estate companies have a fixed price for their properties while others don't. Also, this covers transactions with non-corporate organisations, like one with individuals too. Before you invest in any property, reconsider the price. If you are to resell the property in few months or years from then, how much interest would you get from it? If the price is too high when placed side by side with the ideal value of the property in that location, then investing in such a property is worth reconsideration. Robert Kiyosarki, the author of Rich Dad-Poor Dad said that profit is made when buying and not when selling. Never buy a property at a price that you won't recover with a very good ROI. Just an advice.

3. Negotiation-
Don't be in a hurry. That doesn't mean you shouldn't be smart and proactive. What it means is that you should try negotiating. There is every possibility that, that property could be gotten at a cheaper rate than what it is currently tagged at. And you can never find that out if you don't negotiate. Negotiation is a good business skill you should learn. Try negotiation.

4. Always Document-
Everything in real estate needs documentation. Write it down. Keep a record. The time, the place, the amount paid and balance left, the parties involved with their corresponding signatures... Etc. This is very important. Never forget to effectively document your real estate transactions and dealings. I like to call it accountability

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