When's the best time to enter the real estate arena as an agent?

Question

In Pittsburgh, Pa

Answer 1

the best time is after a buyer's market ends. it's so hard to make and close a deal in a buyer's market! make sure your education and license are up to date before you begin to interview. but the end of this buyer's market will start to transpire when prices either begin to go down or else when our incomes are vastly increased. you see, for the 5 years ending the end of 2005, prices went up and up and up, because for ONLY that period in most of our history, those 5 years were a SELLER'S market. a seller's market is usually 2 years followed by a 5 year buyer's market.

Answer 2

A RE agent makes his money when he collects his commission. A commission is made when sales happen and historically a sellers market has more buzz, energy and most importantly more frequent SALE TRANSACTIONS. So I would say in the spring or summer months in the beginning or middle of a sellers market is where a newcomer RE agent has a better chance stepping into a sale. This extra activity could discourage or frustrate some people though... it depends on their personality and what atmosphere they want to start their learning curve in. The ULTIMATE time to become a RE agent is a few months prior to members of your "sphere of influence" buys or sells a property. If you know that your friend, aunt, cousin or parents are considering selling their home, you could time the start of your career. For example you are at Thanksgiving dinner and your grandparents talk about them wanting a smaller home to retire in and are considering a small house near the water and will start looking in the next few months. This gives you enough time to go to school and get licensed and join an office. Hopefully they will want you to represent them. Going through your 1st sale with a relative being your client MAY be easier for you and that one sale could help your start tremendously.

Answer 3

There is no good or bad time to enter the real estate field. Do you hear an attorney ask while going to law school "When is the best time to enter the law field?" or a doctor going to a medical school "When is the best time to enter the medical field?"

They don't ask that question is becase they are taught something real estate agents aren't. Anyone can be a star in a seller's market. That is the time you are speaking of.

If you look around the average real estate office you will simply find Wal-Mart workers and real estate agents part time. As soon as the seller's market is over the head back to Wal-Mart until the next boom.

A smart real estate agent figures out a way to get through the tough times as well as make hay during the down time in real estate.

What the other professionals have that real estate agents don't get in their rah rah class is a business plan and most important an excellent marketing plan.

Make yourself a good business plan and more so a very very good marketing plan.

Don't be just a run of the mill real estate agent that have a full time job a Wal-Mart.

In answer to your question the best time to enter the real estate arena is when you have your license, a broker to sponsor you, a good business plan and marketing plan.

You should not be selling houses you should be selling "YOU" then they will buy what you are selling because they have faith and trust in you and your abilities.

Select you an area that you want to sell house in about 5000 to 10,000 publish a flyer telling the people that reside there you have been appointed the real estate agent in that area. pass these flyers out for three months. The best way to do this is pass them out on Sat by walking the area. You will meet some of the people you want to help.

While walking get as much info as you can about them especially email address and perhaps a telephone number.

Pass these flyers out for at least 3 months. You might change the information but pass them out in three months in a row.

After the flyers, make yourself a monthly newsletter. You may get articles for your newsletter from the computer as well as real estate section of your newspaper. Just remember to give the author credit for their work.

You will need a professional team to assist you in your career. So find and meet an attorney, a cpa or tax preparer, an insurance that handle home insurance, a notary, a loan officer (Not one in you real estate firm, They will not be able to do what you required of them) a title rep and others as you might need them.

The idea behind the pro's is for them to pass out your business cards to clients they meet that need your services. You are to pass out their cards to your clients that need their services.

Go to the commercial shops located in your area and leave your flyer in the stores that will allow you. Buy the flyer holders are Staples of Office Depot cost about $3-$5.

You might also find an attorney, dentist, cpa or tax preparer to make a column in your newsletter. Since you would have established a relationship with the stores that allow you to place your information in their stores to advertise in your monthly newsletter. You can charge $25.00 to about $45.00 for a business size card in your monthly newsletter or what ever the market will bear.

Once they know that you will be operating in their area thy will call no matter the real estate condition, you will be thier consultant.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 4

the place do you reside? im a actual property agent in nj... you may the two call your close by actual property employer, the guy who solutions the telephone could be your realtor. As a customer, you dont incredibly opt for an excpetional actual property agent. All brokers are approved and comprehend what they're doing and as a customer you purely opt for to hit upon somebody which you like bc you would be passing it gradual with them. once you come to a determination to sell thats a distinctive tale

Answer 5

It's like investing. You buy when things are cheap, when the market is down, when they don't necessarily need more agents. But be prepared to wait, you'll be next in line. Just have a string backup plan and be willing to wait, get your resume out there and keep yourself on the market. Damn the torpedoes! Full speed ahead!

Answer 6

Tomorrow.