5 Things Every Real Estate Pro Knows

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The following article was published by Investopedia and written by Glenn Curtis. As a Real Estate Agent it is important to be one step ahead of the Market at all times. Knowledge of the Market is what makes a Real Estate Agent relevant and ensures client happiness. 5 Things that every Real Estate Agent should know are:




1) Study Local Pricing:
It is important to know the local pricing and study how they work and the trends that affect them. By doing so you will be able to spot out where the demand lies.

2) Look For Catalyst:
A sign that an area is on the rise is the development of infrastructure. It is important to take note not just where the demand is currently but where the demand will also be in the future.

3) Explore Low-Tax Alternatives:
Another way to spot the demand is by taking a look at where low property tax is. The demand will be greater in an area with low property tax than in an area with high property tax.

4) Check the School Rankings:
It is also important to take note of area with good school rankings. Parents generally think about real estate locations close to a school where they want their children to go. As a real estate agent you should be able to provide the knowledge of areas with good schools located nearby.

 5) Watch the Outskirts: 
Areas which are in high demand will most likely soon be overpriced, so it is important to also look at areas right on the outskirts. Millennials especially will probably not be able to afford high market areas. You should be able to facilitate for the needs of each generation.

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