When it comes to real estate markets, San Diego has a wide range of them just as any other big city. I started my career at a Century 21 office in Mission Valley and was surprised that very few agents actually worked the area - most of them focused on downtown, Mission Hills Kensington, or Hillcrest. But I think the good money is where you are in the north county coastal area. And the traffic is better.
1) Make a list of the top 10 most expensive real estate markets in California
2) Begin looking for a mentor starting with the most expensive market, working your way down from the top
Use whatever contacts you have or **can make** to find a mentor in the most expensive market possible. It doesn't matter if the mentor is working alone out of his basement or with a big franchise office. You don't want TRAINING, that's for monkeys. You want MENTORING, which involves hands-on real world experience on real transactions under the supervision of a qualified and committed mentor.
Everyone starts out poor and hungry in any job. You have the choice to start out in a market where your income potential can be very low or very high. I recommend you consider shooting for very high. It's just as easy to find a mentor in a market where you can make a great living as it is to find a mentor in a market where your income will be relatively limited.
You can travel just about anywhere in the World and thoroughly enjoy the experience. But returning back to beautiful SD is like returning to a perpetual vacation.
Figure out what really hits your hot button. The things you like and are passionate about you can't help but emote and pass along to others with your enthusiasm and intensity which can be very contagious and intoxicating to the folks around you.
If you really like being around a lot of people selling real estate in the middle of a rural farming community in Iowa would not bode well for you. Likewie if you can't stand crowds, traffice, city noise, etc. a downtown environ would drive you nuts.
Now if you like all the above once again "America's Finest City" gives you the best of all Worlds. It has a little bit of everything for everyone and I guarantee you won't find yourself getting bored anytime soon. Good luck.
Since success in real estate can be tied to name recognition and knowledge of an area relocating may not be the answer to beginning a new career. Quite possibly, the answer to your question is in your own back yard.....
It really depends on your situation. Do you have money saved up to live on your own until you make your first sale(s)? Many find that it takes a year or two to start getting a steady flow of commission checks coming in...and I echo other's remarks. If you don't have excess funds, living with family can help you succeed quicker and cut down on costs. Your first year will probably be $2k in fees just to be able to operate as a Realtor and that's before signs, advertising, marketing, and GAS.
John provides some great advice...I had a chance when I was selling real estate in VA to join the team of an office colleague that was #1 RE/MAX agent in the world from 1999-2003. I still kick myself for not doing that (even though it would have been a temporary cut in pay).
Best of luck and keep in touch after you make a profile on here!
Read John's advise again slowly. IT IS GOLDEN!
Looking at the business from 20 years up the experience ladder, what John says, weather it makes sense to you now or not, should not be dismissed.
1) top 10 most expensive real estate markets in California
2) Begin looking for a mentor Use whatever contacts you have or **can make** to find a mentor. It doesn't matter if the mentor is working alone out of his basement or with a big franchise office.
You don't want TRAINING, that's for monkeys. You want MENTORING.
As you will become aware, less than 10% of newly minted real estate agents will see their 2nd year anniversary. All their money will have been given to others selling success strategies or secret weapon, must have tools. They will have fallen into the monkey trap, and let training become a substitute for earning. This is a business, not a hobby. If you are serious about your future, study #2 and take the correct action. Someone has offered you an opportunity, you need to see it.
There is no business on the face of the earth like real estate, You have chosen well.
Best of success to you,
ReMax Realtec Group
Palm Harbor, Fl
727. 420. 4041
Well you will have a better chance to succeed if you choose a large city to work in. Just my sheer volume you will have more potential clients then in a small town. Go with Los Angeles for a really diverse and exciting area to work in!
Best of Luck to you!
Where do you want to live -- and will you have a support system while you build yourself as a realtor? And if you still want to relocate, make sure you have your finances in order: enough reserves to live on for 6 months to a year because it may take that long before one closes the first transaction....
You can choose to work with a company who can help provide you with the training you'll need to be a realtor, and perhaps help you get started with a few leads. Some companies charge for this training, but it's worth it so that you are prepared and knowledgeable. There are always new things to learn -- like working with distressed properties (short sales, foreclosures). Some have TEAMS -- where you can get the guidance of a mentor and the hands-on experience working on accounts alongside other team mates who can also help you.
You'll pay for membership in your local MLS board, for your MLS lockbox key, business cards, etc. Do you have a suitable vehicle? Remember that your insurance for that vehicle would change if you use it for business. The start up expenses can be voluminous.
Good luck with everything:)