Okay, maybe sabotaged is a bit strong of a word. But bad real estate advice could really spell disaster for new homebuyers on the hunt. Even if it’s well intentioned, sometimes family and friend’s advice when it comes to real estate can make things way muddier than they need to be. Let’s be honest, we all know people who miraculously claim to be an expert on any and all topics we’re currently dealing with. So let them share their wisdom with you, but be prepared to take it with a grain of salt. Here’s a list of tips to help you avoid getting your house hunt unwittingly sabotaged!
1. Be Selective
Just because someone offers their two cents doesn’t mean you are obliged to take it. Of course, you should still be polite and thank them for their input, but if someone’s advice raises some red flags in your common sense department, move on along.
2. Don’t Be Afraid To Change Your Mind
So you thought you wanted to live near the heart of downtown, but the more you think about the noise, the bustle, and the lack of parking, the less appealing it sounds. Or perhaps you thought you wanted an HOA, but after mulling the idea of the rules, fees, and restrictions, you no longer want anything to do with one. Perhaps a friend or family member lives in that area and recommended it to you so you’re feeling obligated. Well you need to know that it’s okay to change your mind. What works for one family won’t work for all families. If you planned on following someone’s advice but no longer think it’s a good idea for you, it’s perfectly okay to alter course.
3. Sources, Please!
Who is the advice coming from? Your best friend may mean well, but if she’s never bought a house before herself, does she have the proper experience to advise you? When taking advice, make sure to consider where it’s coming from. Are they somehow experienced in the real estate industry? What about working as an architect, or living in the neighborhood you’re looking in. knowing someone who sold a house once years ago may not necessarily qualify them to have the most reliable take on things.
4. Does It Apply?
Even when advice is solid, it may not necessarily always work for you. If you’re a young family looking for a starter home, the advice that was sound for your retired great aunt may not necessarily fit your situation. Analyze that advice you’ve been given and see if it’s compatible with your age, income, and neighborhood.
We hope you found this list helpful, and wish you luck in sorting through all the well intentioned advice that is no doubt flying your way! And if you need some expert, experienced advice, give us a call!