Why Well-Meaning Advice Can Lead You Astray in Real Estate

When it comes to big decisions like buying or selling a home, it’s natural to turn to your loved ones for advice. After all, they mean well and want the best for you! But unfortunately, there’s a real danger of family and friends giving you bad advice on real estate.

Your loved ones want to help, but their advice is often based on their own experiences. While their advice might have worked for them, it may not align with your current financial situation, goals, or the realities of today’s real estate market.

For example, they might tell you to look for a “fixer-upper” because it worked out for them 20 years ago. But if you don’t have the time or budget for major renovations, following their advice could leave you feeling overwhelmed and financially strained.

The Risk of Misguided Advice

One major reason advice from loved ones can lead you wrong is because they’re in a different financial position or life stage than you. What’s realistic for them might not be for you, and following their advice without considering your own financial situation can lead to overextending yourself or settling for less than you deserve.

Taking advice from people who aren’t in your specific situation can result in some big mistakes, like:

• Overextending yourself financially

• Choosing a home that doesn’t meet your needs

• Missing out on opportunities because you’re too focused on advice that doesn’t apply to your situation

When it comes to real estate, the stakes are high, and mistakes can be expensive.

Trust the Right Expert: Your Real Estate Agent

The best person to rely on for advice isn’t your friends or family, no matter how much they want the best for you. Instead, it’s safest to get your real estate advice from a professional: your real estate agent!

Your agent understands local market trends, knows how to navigate the complexities of buying or selling a home, and most importantly, will tailor their advice to your unique situation.

Your agent will work with you to understand your financial position, life stage, and goals, ensuring you make informed decisions that align with your priorities.

While it’s great to seek input from those you trust, remember that their advice isn’t one-size-fits-all. Instead, avoid taking bad advice, even if it’s well-meaning, and get guidance from your real estate agent!

Ready to Make the Best Decisions for Your Real Estate Journey?

Let’s chat about how you can navigate the process with confidence!

Harpreet Christie, OWNER/REALTOR®️
📞 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 BordercityRealEstate.com

One of the most important decisions you’ll make when selling your home is how much to list it for. While it seems simple, your home’s listing price can make or break your sale. Selling your home is one of the biggest financial transactions you’ll make, and setting the wrong price could mean losing out on thousands of dollars in potential profit. 

If you price your home too high, buyers will be scared off, which can make your home sit on the market for weeks or even months. The longer it stagnates, the more buyers start to wonder if something is wrong with it. You may eventually have to lower the price just to attract attention, which you definitely want to avoid!

On the other hand, pricing too low might help your home sell quickly, but it can leave you wondering how much money you left on the table. 

Sometimes, sellers will rely on their “gut feelings” when choosing a listing price, but it can often lead to a lot of money left behind. Whether it’s pricing too high because you’re emotionally attached to your home, or too low because you’re eager to sell quickly, improper pricing can cost you big time!

How do you avoid these pricing pitfalls? The key is to work with an experienced real estate agent who understands your local market and uses strategy, not gut feelings, to price your home!

When recommending a listing price for your home, your agent will analyze factors like:

• Comparable Sales: Looking at recently sold homes in your area similar to yours to see what buyers are willing to pay.

• Market Trends: Understanding whether your local market favours buyers or sellers.

• Buyer Demand: Gauging the number of active buyers in the market and their willingness to pay top dollar.

• The Economy: Considering both local and national economic factors that influence the real estate market.

Using this data-driven approach, your agent will help you determine the best price to list your home that will attract the most buyers, sell your home quickly, and maximize your profit.

By setting the right price from the start, you’ll be in the best position to achieve your real estate goals without stress or regret. 

Ready to Price Your Home Perfectly? Let’s chat about how to position your home for a successful sale!

Harpreet Christie, OWNER/REALTOR®️
📞 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 BordercityRealEstate.com

Grateful. Honoured. Inspired.

Last week, I received this incredible letter recognizing my 25-year journey with RE/MAX—a milestone that represents years of dedication, passion, and commitment to my clients and community.

Real estate isn’t just about buying and selling homes; it’s about building relationships, creating opportunities, and making a lasting impact. I’m beyond thankful for the trust my clients have placed in me and for the support of an amazing network that has helped me grow along the way.

Here’s to the next chapter, new opportunities, and continuing to serve with the same dedication that got me here!

If you’re thinking about buying or selling, let’s connect.

Harpreet Christie, Owner/REALTOR®️

780-205-7653harpreet@bordercityrealestate.com

BordercityRealEstate.com

#LloydminsterRemax #Remax #RemaxRealEstate #RemaxAgent #RealEstateWithRemax #YourLocalRealtor

The new year has kicked off with a tight market in Lloydminster, with inventory levels remaining very low. If you’re thinking about selling, this could be your opportunity! Let’s break down the latest stats for January 2025.

📊 Market Snapshot

• Active Listings: 102

• Homes Sold: 33

• Pending Sales: 10 (estimate based on trends)

• Average Sold Price: $254,082

• Average Days on Market: 92

• Average Sale-to-List Price Ratio: 93.45%

🏡 What’s Happening in the Market?

With only 102 active listings, buyers are competing for available homes. The average home is selling in 92 days, and sellers are getting about 93.45% of their asking price. Well-priced homes are moving fast, and with low inventory, sellers have the upper hand.

For buyers, this is a market where acting quickly matters. If you find a home that fits your needs, waiting too long could mean missing out.

💡 What This Means for You

✅ Sellers: If you’re thinking about listing, now is the time! With fewer homes available, you have less competition.

✅ Buyers: Be prepared to move fast and work with an experienced agent to navigate this competitive market.

If you want a personalized strategy for buying or selling, let’s talk!

📞 Harpreet Christie, OWNER/REALTOR®️

📲 780-205-7653

📧 harpreet@bordercityrealestate.com

🌐 BorderCityRealEstate.com

#Lloydminster #LloydminsterRealEstate #MarketUpdate #YLL #BorderCityLiving #RealEstateCanada #LloydminsterHomes

Spring is just around the corner, and it’s shaping up to be a hot season for Lloydminster’s real estate market. If you’re thinking about selling your home, now’s the time to get ready. Here are five key steps to help you prepare:\

1. Get a Competitive Market Analysis (CMA): A CMA provides insight into what similar homes in Lloydminster are selling for, helping you set a competitive price. This ensures your home sells quickly and at the best possible price. Given that the average house price in Lloydminster was $262,150 as of January 2025, understanding current market trends is crucial. 

2. Declutter and Depersonalize: Spend some time clearing out personal items like family photos and unnecessary belongings. This creates a neutral space where potential buyers can envision themselves living.

3. Deep Clean and Make Repairs: After decluttering, give your home a thorough cleaning, focusing on areas like baseboards, windowsills, and light fixtures. Address minor repairs such as leaky faucets or chipped paint to present a well-maintained, move-in-ready home.

4. Boost Your Curb Appeal: First impressions matter. Enhance your home’s exterior by tidying up the landscaping and adding welcoming touches like a new doormat or potted plants. These small improvements can significantly impact a buyer’s perception.

5. Partner with a Knowledgeable Real Estate Agent: An experienced agent can guide you through the selling process, from marketing your home to negotiating offers, ensuring you get the best deal.

By taking these steps now, you’ll be well-prepared for a successful sale this spring. Ready to get started? Reach out to discuss how to make the most of this spring’s market.

Harpreet Christie, OWNER/REALTOR®️

RE/MAX of Lloydminster

780-205-7653

harpreet@bordercityrealestate.com

BordercityRealEstate.com