In my decade of working in the property industry, I’ve come across many situations where new buyers have been given unhelpful, and at times even harmful, advice on buying property. So today I am running through five examples of bad real estate advice that often leads buyers to making costly mistakes. I share my tips on knowing who to trust and how to avoid taking the wrong information on board.

There are many people who will be willing to give you real estate advice. It may be someone you know, someone you are paying professionally, or you may even hear it from someone on a podcast. However, it’s important to be aware that there’s always a danger the advice given might be completely incorrect or misleading. Sometimes it’s too generalised, and other times it comes with a certain amount of bias.

Understanding that not all advice is good advice will help you avoid making errors in judgment and keep you on the right track in your property buying journey.

In this episode, I give you some real world examples of bad real estate advice that I’ve seen first-hand, and the negative effect they’ve had on buyers. I talk about industry professionals stepping outside their boundaries of expertise, and encourage you to be cautious when receiving advice from people who may not have true insight on the matter. I share stories about professionals giving advice within their field who got it wrong, and ended up influencing buyers in a negative way. So if something doesn't sound quite right or you're getting conflicting advice, don't just take it as gospel - even if it's from a professional.

I also talk about the different pieces of incorrect advice I’ve heard on how to deal with real estate agents, what kind of property is the smartest choice to buy, and advice on bidding.

Ultimately, bad real estate advice can come in many forms. When it comes to all the moving parts in the process of buying, knowing who plays what role is crucial. As a buyer, it’s important to do your own research, crosscheck information, fact check and double check, and acknowledge that while some advice may be generally okay, it may not apply specifically to you.

Most importantly, know that you can trust your own intuition and if something doesn't sound quite right, well, maybe it isn't.

LINKS:

Check out my FREE checklist 100 Things To Look Out For At Property Inspections here

Connect with Amy:

Website:www.thefirsthomeguidebook.com.au

Instagram: @the.first.home.guidebook