What's the old saying about "The road to hell is paved with good intentions"? That couldn't be more true than listening to your friends, colleagues and family members when it comes to dealing with real estate matters. I've been in the business since 2003 and how many times do you think I've heard, "...but my friend told me"? Or, "...my Mom told me.." (who happens to reside overseas)"? The problem lies in the fact that those "advisors" (and I use that term loosely) aren't working in the real estate industry 7 days a week like the true professionals. They're not armed with all of the facts and expertise of the hard-working real estate agents and brokers that focus on this industry.
Case in point: Sellers seem to think that everyone but their agent knows the value range of their home. Not true. The agent will pull comparable sold and competitive properties from the MLS in this market and show them to the seller. Once adjustments are made for condition and the current market, you'll have a pretty good idea of the value range of your home.
The take away is- make sure your agent is a full time professional and that's the person you should rely on for solid advice when it comes to buying or selling.