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Asked by Kate Sherratt, Carmel, IN Fri Sep 26, 2008

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Answers

7
Catherine "C…, Agent, Metuchen, NJ
Sat Sep 27, 2008
Hi Kate,
The market in general is actually outstanding for buyers with good credit. It might be more challenging for sellers depending on where they are located. Real estate is local and here in Middlesex County, I am as busy as ever...
There are some pockets in Piscataway, Edison, where I have difficulties to find enough inventory for my buyers...
I understand what you are saying though...as other fellow agents mentioned this actually might be a great time to start as long as you have enough money to sustain yourself for a while and cover your business expenses.
Cathy C.
Web Reference:  http://www.YourHouseFast.com
0 votes
Erik Armstro…, , 47802
Sat Sep 27, 2008
When I told my friends that I was going into real estate they thought I was crazy. "It's not a good time for real estate", they would say. Only after getting my license, affiliating with a brokerage, and working everyday have I realized that you can't let the "national doom-and-gloom" news affect your judgment. Each market is different. Here is Terre Haute sales prices are only down 3% from last year and inventory is only slightly down. I am "doing pretty well for my first year", my Broker says. "I hope you stick around for another 20 years", another Broker has said.

If a little thing like a market is going to scare you…get a job, if your confident in your ability to sell real estate in any market...jump in and learn to swim. Good luck.
0 votes
Bill Eckler, Agent, Venice, FL
Sat Sep 27, 2008
Kate,

If real estate is a personal goal, don't let the market stand in your way. Get started.

Our recommendation is to use it as a part time activity until you grow your business to the point of being able to graduate to full time. If you have some work related flexibility, try to land a job in an area that will assist you in real estate and help you make contact with future buyers and sellers and at the same time give you regular income.

Good luck.
0 votes
Sylvia Barry,…, Agent, Marin, CA
Fri Sep 26, 2008
Kate: I have my best year ever this year and am truly enjoying this! This is a market where you can learn everything about Real Estate, all scenario exists, all types of clients are out, so much to learn, do, sell and buy. I am having a great time.

The key is to have positive attitude, listen carefully, dive in and work hard. You will be successful no matter what.

However, as it is usually the case, and especially important now; you need to make sure you have enough reserve just in case it's a bit difficult to get started. Make sure you complete a business plan and follow through before you get started.

Sylvia
0 votes
The Hagley G…, Agent, Pleasanton, CA
Fri Sep 26, 2008
There are a lot of successful agents selling in this market. The key is not letting the "down" agents tell you the market is bad. Newer agents tend to to thrive in a market like this. Focus on technology for marketing....and face to face conversations with as many folks as you can on a daily basis...ask for business.....be confident...put in the hours...and you WILL succeed.
Web Reference:  http://www.cindihagley.com
0 votes
Kim Eisen, Agent, Twin Cities, MN
Fri Sep 26, 2008
No matter what the market it is, there are homes selling everyday. People will always have to move. I've been doing it for quite some time and even in the slow markets, their can be business.

If you're just starting, it would be wise to have a nest egg put away, so you don't get strap while you're gearing up. Probably joining a team that has a lot of listings, will help you get into the business full steam ahead until you can build up your own clientele. Make sure your contract with them states that you keep a larger percentage of the split if any clients are 'yours'.

I think there's nothing better than having a mentor or team leader to assist you through several transactions to help you get your feet wet. Good luck and I wish you the best.
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Scott Godzyk, Agent, Manchester, NH
Fri Sep 26, 2008
Now is the time to start while it is slow, you will get to learn more and wont get rushed into things by "trial by fire" approach. typicaly the market is slow during the winter and will pick up in March for the spring market. By starting now you get get your classes in, pass teh test and get trained for when it does get busy, good luck
Web Reference:  http://www.ScottSellsNH.com
0 votes
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