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It is important to KNOW YOUR INVENTORY

By
Real Estate Agent with Prudential Lifestyle Realty

I encourage all my agents to get out and familiarize themselves with what is on the market.  This knowledge is so powerful whether it is for that home you are viewing or doing market comparisons.  My suggestion is 5-8 homes per week.  Start with in house listings 1st as should know those best in case of a office call.  By viewing that many homes on a monthly bases (above what you are already showing potential buyers) will increase your knowledge and help move you to becoming an expert in your market.   If needed, start small.   Pick a neighborhood, community or even a price range and go for it.   Let me know of your success stories.  I will share mine in future blogs!

Comments (2)

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I am so HAPPY I found the HotPads Android app.  I can look at what is available on my smartyphone and my Acer Android tablet as well as my computer...often in the field for comps and other available properties that might be competition

Jul 05, 2011 03:15 AM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Mark - I have been working with four buyers in the same price range here in Spokane.  It has helped me to realize how powerful knowing your market is!  By focusing on this one price range, I can immediately tell if a house that we visit is worth the money.  Looking forward to taking on another price range or community when I slow down a little!

Have a great week!

Jul 05, 2011 03:42 AM