It is necessary to set some targets for yourself in order to have things to aim and move towards when you initially start out as a property agent.
Your essential targets need to be based around attempting to reach higher and higher goals when you're selling properties. Let us look at some targets that are good to begin with that will provide a basis for you to build on.
Tip 1) Five Properties
When you initially start out you will not have the edge that other realtors get through being more experienced. Which means your customer list will be found to be pretty modest. Moreover, in the event that you work within an agency, you're more likely to find that you'll be tossed the properties that are less desired, while the top go to the people that have established themselves in the sector.
Establish a goal of selling five properties completely during the length of your first year by yourself. With that base, the target can then be boosted up each year, until folks begin to take notice.
Tip 2) Realize Your True Desires
The real estate business can take your whole life up if you're not cautious. Therefore it's important to build your targets around that, and to know just what you would like in the business. For a lot of people, this means bringing in a specific sum of money. If you set out to bring in X amount for that year, for example, set out a long term strategy every year with points along the way that indicate that you're hitting your goals.
Others may need to make sure they keep life balanced with an effective work schedule, and must establish their targets to reflect this. To put it simply, you have to know before you set any targets on your own what you would like out of this business, as any good real estate agent (like The Matheson Team in Scottsdale, AZ) will tell you.
Tip 3) Go For What's Typical
Through your research you should have the ability to find the typical cost a property such as the one you're working on sells at. Many novice real estate representatives panic when a property is sold by them at somewhat under the typical market value, but it is something that happens. More so when you're just starting out.
What you need to do here is ensure that you use the experience you're gaining through these sales and apply it to your next property. Your target should be to get to the typical selling price, of course, to show that you are becoming more seasoned and that your experiences are demonstrating you know what it really is that customers need from a home.
Key point: build your list. I believe this the most important at any stage
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Anna Hatridge
Farmington, MO
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Harry Ikanson
Scottsdale, AZ
Thank you. Appreciate this advise.
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Anna Hatridge
Farmington, MO
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Harry Ikanson
Scottsdale, AZ
It is so key to get through those first several transactions as that is how you learn the ins and outs of the deadlines, paperwork, inspection process, etc.
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Anna Hatridge
Farmington, MO
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Harry Ikanson
Scottsdale, AZ
Setting goals that are realistic is so important the first year.
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Anna Hatridge
Farmington, MO
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Harry Ikanson
Scottsdale, AZ
I think your advice to someone new to the business is right on the mark. Funny thing, I have been in business since 2002 and the advice you have shared still holds true in my daily business. Especially setting time for personal events. Even I need to shop for food occasionally!
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Harry Ikanson
Scottsdale, AZ
Thanks for this helpful advice. I like your practical approach.
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Harry Ikanson
Scottsdale, AZ
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