Your real estate broker is not your investment strategist

Be clear about what your real estate agent is supposed to be doing for you. Many real estate agents freely offer advice (maybe too freely). They can be a great source of information about local market data (time on market, closed transactions, sold price vs. asking price, etc.) However, once you get out of these topics, you are swimming in the deep end of the pool.

Asking “how’s the market”, “is this a good time to buy” or other open ended questions of this type is non-productive. Real estate agents simply don’t have the skill set to address these issues.

Remember - your real estate broker is not your investment strategist.