Archive for the ‘Housing Market Downturn’ Category

Industry Advice

By Intero Real Estate | March 5th, 2009 0 Comments

More real estate veterans weigh in with slow market tips

California Real Estate Magazine this month offers insights and suggestions from veteran real estate agents on how to get through the downturn in the housing market.

Here are a few of the tips from the magazine article:

  • Familiarize yourself again with some basic strategies, such as open houses, marketing plans and cold-calling.
  • Get in touch with former clients, says John Oldfield, a REALTOR® with Prudential California Realty in San Francisco.
  • Take a training class, says Annette Graw, a broker-associate with South Bay Brokers in Manhattan Beach.

The California Real Estate Magazine article also offers some mistakes you don’t want to make during the slow market.

According to the experts in the magazine article, you should be careful not to:

  • Expand your target market too much. That increases costs and could result in problems stemming from inadequate market knowledge. The experts also warn that it’s important not to shrink your target market too much.
  • Take a park-time job. A part-time job, the veterans say, could lock agents into inflexible schedules that can prove difficult with a full-time real estate career.

For all of the tips and the full story from California Real Estate Magazine, click here.

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