Category Archives for "Tips"
There are several reasons you are going to love Atlanta, but the main one is that 75% of fortune 1000 companies have operations here, it’s got the greatest climate in the country, it is very moderate, and as far as you can get new inventory and you don’t have to worry about old houses and old housing stock that always seems to have new problems. In addition to that, the rent rate has gone up significantly in the last five years. Also, Atlanta is one of the least expensive markets in the United States.
It very, sometime it is around 100,000$, but basically, numbers are moved up to 200, 000$. This size property in Atlanta is perfect because it is the first time home buyers market price. That market segment never goes away, so you know you always have a way to get out of property that you get into. And that is what you need to ask yourself if I buy this house today, can I sell it in the future?
Well, you should carefully choose your agent. Because one of the things the good agent can offer is a three-year lease on the property. One year rents are bad because turnover is the most expensive cost of this business. Look for the houses that are rent reliable houses, and also can come with a landlord protection plan. Another thing that separates important, and this is really big, your agent can get you a management company where there is no mark upon repairs or rehabs. And that is the main thing separating them from big companies.
Future appreciation, nobody has a crystal ball so nothing is for sure. But one thing is clear, in Atlanta, and in the south in general which is where the biggest appreciation is taking place, it may continue to go up for a few years but at some point, we are going to have the market correction and nobody knows what that is. So what you need to know when buying and investing you should look for cash and cash returns for predictable income because that’s really while you really in it, the appreciation is a just added benefit to buying and holding real estate.
There are no magical ways of advancing in real estate. But here are seven tips that can help you:
When you first start in the real estate field you will feel alone, because it is hard when you don’t have someone to lean on. So your first mission should be finding someone on your level someone who is also starting. It makes the learning process much easier. Or even better try finding someone who is already a successful agent who can teach you a few market tricks.
This is what you need to focus on. Focus on picking one area and mastering it. As a new agent, your scripts and dialogs, your communication with clients and possible prospects, back and forth motion of communication is what you need to focus on and absolutely master. To the degree, you know how to communicate effectively, powerfully, emotionally, but also backed up with logical information. The biggest missing ingredient in this industry is proper and effective sales training.
This is a sort of career where it is all about you. Your image, knowledge, your business, so you have to be prepared to put yourself out there. Whether it a blog, shiting or a social media platform you have to be present everywhere. That is what’s going to attract people to you and your agent’s abilities. Provide value and it will be rewarded.
Even when you get your license it doesn’t stop there. All throughout your real estate career you’re gonna wanna get trained, different things are going to come up, things are going to change in the industry, new tools new tips so you will need to follow the trend. There is always something new to learn.
Threat your real estate business as a job. Hold yourself accountable. If you re transitioning from part-time or full-time job to real estate there is going to be a lot of changes. There is nos boss in the morning to wake you up, no clock in, clock out, there is not going to be a paycheck every two weeks or every month. S you need to be very disciplined. Your time your processes, be serious with your future.
You cannot be comparing yourself with top agents, especially if you re brand new. You can not expect from yourself to close 50 deals when you are not even calling. So don’t be comparing your success to others because, in the end, everyone is different, everyone does things differently. Just take notes of what they are doing and implement it to your business plan, and don’t think you are failing just because you are seeing others succeed.
Make your practice tougher than the game. Set your goals and be prepared, so when you face the client you will be ready to make an impression and sale.