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Local Real Estate- Multiple Resources

Aug 18, 2007
Realtors must be able to be as flexible as they can be in order to compete in today's market. Being a good salesperson is not enough in this life of competing realtors. Because of the technology brought to us today they know how to effectively market your product as well. 85% percent of homebuyers turn to the internet and browse for information in the local real estate area. Having it professionally photographed and beautifully staged is critical. There are lots of great houses there but they are not seen because the pictures on the Multiple Listing Service (MLS) are so poorly done.

In a competitive selling market the best realtors are the ones who have a large network, diverse marketing skills, and they are willing to try new and different ideas. If you are interested in this type of investing then you may want to consider one of the latest trends in real estate professions, the house flipper. In this business the realtors will try to buy homes and fix them up quickly and sell them in order to make profit. To excel in this business you will need to know your local real estate market and understand what home buyers are looking for.

People decide to work realtors for several reasons; to experience professionalism, money, save time, and to help get through the multiple processes involved in real estate transactions. Make sure you what different services realtors offer. If you want to sell, how will they market your house? If you are a buyer, how much leg work will the realtors do?

Many people mistakenly rely on the trends when evaluating the housing market. The key here is to focus and understand the local real estate market. Focusing on you local home market is the key to evaluating real estate deals. Job growth is the fuel of many real estate markets. If the job growth is strong your local home market should be stable and showing appreciation.

A tip in evaluating your local market is to look at people around you. One sign of a real estate market that is rising is the number of people who suddenly become real estate investors. Trends in the national market are interesting but often irrelevant when evaluating the local housing market. Focus on your area and you should be able to do better evaluation whether you should sell, hold or buy properties. Many areas have Local Home Investor Clubs that offer education for many different niches like: apartments, land lording, land sales, internet leads and more.
About the Author
Sam Carrara is a real estate investor and entrepreneur, as money gets tight it helps to know profitable ways to get rid of debt and save money. One resource for Local Real Estate knowledge is found at: http://www.flip30.com/local/
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