Someone Just Searched For
Agents In

Five pieces of real estate advice you should ignore

Agent Select / Property News / Five pieces of real estate advice you should ignore

When you buy or sell a home, you're likely to get lots of unsolicited advice from well-meaning friends and family. And a portion of the advice may be helpful while some of it, well, may not be so helpful.

When it comes to real estate, people tend to make generalisations based on their own experiences and speak in absolutes, when the reality is more nuanced.

Here are the five most common pieces of advice given to people thinking of buying or selling:

"Look for a deal during the holidays."

On the other side of the coin, I've seen many buyers who were convinced that they could score a great deal on a home by looking around the holidays. Like much advice, there is a nugget of truth to this concept. Fewer buyers are looking during this time period. Sellers who list during the holidays may be selling due to necessity, like a job relocation, and therefore be more motivated to sell quickly.

Sale price is ultimately a function of market dynamics and less a function of the season. The key is to be patient, since it may take many months for the right opportunity to present itself. I also suggest that buyers look at homes that have been on the market for a bit of time. These homes may be good opportunities for negotiating a sale under asking price. Once a listing gets stale, you're likely to have more negotiating power, regardless of the time of year.

Compare Agents in your area

Looking for Real Estate Agent Fees?

Save thousands using our property reports, online comparison, and expert agent appraisals.

    We'll send you a free Suburb Report worth $19.95

    Chat it over with our property expert David. Our local office number is 1300 040 463.

    Whilst we strive to give you the best possible online experience, sometimes it's just nice to chat on the phone with a real person.

    As Seen on TV

    Home Lifestyle
    7 Flix
    9 Life

    Finding Your Property Information

    This should only take a few seconds