If you are considering joining the Real Estate Profession or are already an established Real Estate Agent, it’s always safe to know the kind of mistakes you shouldn’t be making and always be on the lookout for the same.
We have divided these tips in two parts and will try our best to guide you through the industry and provide advice on the same.
As a real estate agent, the market offers a range of opportunities and possibilities to become an expert in.
As an agent, you have to choice to become “The Jack of All Trades OR Master of One”
But, we are here to re-consider the option of becoming a Jack in all areas even though it may seem more tempting in terms of possible opportunities.
It is always better to identify your ideal market rather than chase after every deal that comes your way. The advantage in specializing in a particular area will help you understand your ideal client, strategize marketing techniques and target the right properties for the right clients to create a perfect fit.
This will also help you in saving time by not researching on other deals or areas and only focus all your time energy and resources into one.
Consider that as a real estate agent you wish to focus on selling Premium Condos and Apartments, the ideal market for the same will also change.
You would focus on Families or Individuals with a high net-worth and disposable income that could afford such apartments.
In lieu of the same, the marketing strategy will also be dynamic in the sense that you would focus on networking with working individuals, attend parties in the same social circle, hold events in companies, send out pamphlets to the same age-group.
Hence, we would advice that you pick to “Specialize” rather than “Generalize” as that will help guide your focus and provide direction for every future initiative taken by you and it will also help others to identify you according to your expertise.
Choose. Specialize. Be an Expert.