Why Falling in Love With a Property Can Cost You Thousands

Buying property in Melbourne is as much an emotional experience as it is a financial one. The leafy street, the polished floorboards, the view over the bay - it’s easy to fall in love at first sight.

But emotions are expensive. When buyers let their hearts lead the way, we often see them pay tens of thousands more than they should, or commit to homes that later reveal serious problems.

Here are the most common traps emotional buyers fall into - and how to avoid them.

Overbidding at Auction

Melbourne is famous for its high-energy auctions. The atmosphere is designed to stir competition, and it works. Buyers who have already “fallen in love” with a home often blow past their limits, convincing themselves it’s worth stretching just a little further.

The risk: Paying more than the property is worth, and being locked into repayments that stretch your finances for years.

How to avoid it: Set a clear, evidence-based limit - and stick to it. An advocate can help you set that ceiling using comparable sales, and  bid on your behalf to remove the emotion from the process.

Ignoring the Red Flags

When you’re emotionally attached to a property, you’re more likely to downplay the negatives. Cracks in the walls? Probably nothing. Busy main road? You’ll “get used to it.” Small living space? You’ll “make it work.”

The risk: You rationalise away serious issues that affect both your lifestyle and the property’s resale value.

How to avoid it: Treat inspections like due diligence, not just a viewing. Take notes, look for flaws, and have professionals inspect the property. An independent advocate will highlight risks you may be tempted to overlook.

Forgetting the Neighbourhood Matters

A beautiful house can blind you to its surroundings. We’ve seen buyers fall for the charm of a Victorian terrace, only to discover later that the nearest train is a 20-minute walk, traffic noise makes sleeping difficult, or local planning changes are about to reshape the streetscape.

The risk: Paying a premium for a home in a location that doesn’t fit your lifestyle or long-term goals.

How to avoid it: Research beyond the property itself. Check zoning, infrastructure plans, school zones, and neighbourhood data. An advocate has access to information most buyers don’t know to ask for.

Believing the Agent’s Story

Real estate agents in Melbourne are skilled at selling the dream. When you’re already emotionally invested, it’s easier to take their word at face value - whether it’s about “serious interest from other buyers,” “renovation potential,” or “undervalued” pricing.

The risk: Making decisions based on persuasion rather than facts.

How to avoid it: Remember, the agent represents the seller, not you. Balance their pitch with independent advice and verified information.

Why It Matters

Falling in love with a property isn’t the problem - it’s natural. The danger is letting that love cloud your judgment. In a competitive market like Melbourne, the cost of emotion can easily run into the tens of thousands.

At Turley Property Advocates, our role is to keep you grounded. We separate fact from feeling, negotiate based on data, and protect you from the financial consequences of emotional decisions. That way, you can still fall in love with your new home - without falling into a trap.

Ready to buy with your head and your heart?
Let’s talk before your next inspection.