Here's an article I found to be so interesting from the Financial Post. It compares real estate to investing in the stock market.
Here are some tips he offered based on both his recent real estate transaction and his stock market background:
1. It is very important to do your own research. Basically do not base all your facts on published articles. They are generalized for the market as a whole and not specifically focused on your location and the type of property you are trying to sell. Ask your realtor for help and conduct your own search for comparable properties.
2. Understand the bid and the ask. Comparing it to trading an illiquid stock, know the real value of the property you are buying or selling
3. Don’t try to time the market. Don't sit on the fence too long when trading stocks or real estate. You might miss the opportunity for a great investment.
4. Know the difference between momentum and value. Understand the long term value of the property you are buying or selling.
5. There is value in getting professional help. Look for professional hope when it comes to understanding all the challenges of dealing in the stock market or real estate. Interview several professionals and make sure you are comfortable with the one you hire. He or she should take the time to answer all of your questions.
Read Martin Pelletier's full article at http://business.financialpost.com/2013/09/09/5-similarities-between-real-estate-and-investing/