Book: 20230429 to 20230606, "The Real Estate Book" by Russell Haddan

Skin in the game - Real estate agencies don't have skin in the game. They are hired by home owners to negotiate with buyers about the price.

It's worth spending more on commission fee to get better agencies. They need to work hard to get better deal for the home owner.

Homework is critical to get correct perception about the price and the market.

The black swans are there waiting. Buffer is critical to handle the black swans.

It's worth sacrificing some money to stay in safe area.

In general, we should sell before buy with short gap, if we don't have enough budget.

Do we really need to buy or sell? Think about it carefully. It's worth spending a lot of time to figure it out.

To me, it more about time saving and investment.

We should choose which season to sell? I think it's not about season, but more about school holiday.

During school holiday, there is less traffic and noise, so the house would look more attractive.

Private treaty has some advantages. It has less risk, and may reach higher price, especially in bear market.

So, for property selling:

1. Bull market: bad for private treaty, good for auction

2. Bear market: good for private treaty, bad for auction

So, for property buying

1. Bull market: good for private treaty, bad for auction

2. Bear market: bad for private treaty, good for auction

The most important thing is about the pricing.

We need to prepare some buffer before making offer.

There other factors are all common sense: think about it carefully, and don't follow our guts.

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