1 answer
Asked
416 views
Hardest thing about real estate
What's the hardest thing about selling a house?
Login to comment
1 answer
Updated
Heath’s Answer
The hardest step is setting yourself apart. There are very few barriers to entry to becoming a realtor. So it's important to get very good at the basics. Understanding the market and area, why are people buying there? What are the best schools, what are the more/less affordable areas? How do you build a network to other selling / buying agents?
Initially it will be a lot of hard work, primarily as a buyer's agent as you will have to build your business/reputation taking people on house tours to find what they want.
In addition, as buyer's get more information, it's much more difficult to demand 3% commissions (split of traditional 6%) as people have access to MLS and open houses.
Learn all the requirements for becoming licensed
Interview a handful of agents in the area, what works and what doesn't, how did they get started?
Initially it will be a lot of hard work, primarily as a buyer's agent as you will have to build your business/reputation taking people on house tours to find what they want.
In addition, as buyer's get more information, it's much more difficult to demand 3% commissions (split of traditional 6%) as people have access to MLS and open houses.
Heath recommends the following next steps: