Diversity And Opportunity In Real Estate Jobs

Real estate jobs offer an interesting path to success for just about anyone. They are exciting, demanding and quite often very profitable. Take you pick of specialties, sharpen your professional skills and enjoy working your way to the top.

General Requirements

real estate jobsTo enter into the world of real estate, you’re required to be a high school graduate, at least 18 and pass a written exam covering basic laws and transactions. There are also hours of formal training to complete, the number of which varies by state, but averages around 60. To excel in this field however, people skills and a knack for numbers are necessary. Although everyone learns through hands-on experience, any job in real estate is heavily dependent on reputation, thus being thoroughly prepared coming out of the starting gate is highly recommended.

Personality Type

Since real estate covers a vast number of positions and responsibilities, the people who choose to enter this field are also very diverse. Most though are not shy and enjoy mixing it up with people from any economic background. A career in real estate can take you from a shabby neighborhood to a highrise corner office in a heartbeat, so be ready for anything. The upper echelons of the industry means a sort of celebrity status, with high expectations for excellence and achievement.

Residential Real Estate

The typical agent in residential real estate independently contracts with a broker and receives about six percent in return for their successful sales. Selling residential homes can difficult during economic downturns, however sales often rebound in cycles and profits can average out over time. Some agents have other part-time careers to compensate for slumps, and some branch out within the field to keep a steady cash flow. Diversity is key to surviving any challenge, and the real estate business is no exception.

The Commercial Sector

Buying and selling commercially puts you in the midst of hotel and mall owners, industrial and apartment complexes and more. This is a great area to get into if capitalist blood runs quick through your veins, as long as you’ve got a good eye for a deal. For example, a failing restaurant could be facing foreclosure, while the same area is becoming desirable for other enterprises. Snag the undervalued eatery and prep the property for the incoming business sector and you’re looking at significant return on your investment. This formula can apply to nearly any type of structure, so long as it can be made into a suitable habitat for the next owner or tenant. The more convenient the location, the sweeter the deal.

Property Management

Choosing to manage property for others is usually a very demanding career move. It entails overseeing different places, including residential or commercial, in every aspect of operations. Leasing negotiations, rental agreements and enforcement and upkeep are just a few examples of what keeps a property manager busy. While it can be a stressful occupation, it’s great training grounds for anyone interested in climbing the real estate ladder and eventually moving on to buying and selling their own property.

Appraisal

Banks and agents alike need to know the exact value of their properties and how different market variables impact worth. An appraiser is hired to inspect and evaluate, then provide a figure based on specific calculations. This sect is less dependent on a bull market, because property requires valuation even if they’re headed to foreclosure.

Investment Adviser

Advising others on where to put their money in real estate is exciting and can be very lucrative. Following an in-depth investigation of a piece of property, its neighborhood and other factors that impact appreciation, an adviser recommends the purchase to investors. Thereafter, the property is monitored for future sale and profit. Statistical analysis is an essential part of predicting the value of real estate, as is a thorough knowledge of other influential metrics.

Real estate jobs can put you on the fast track to success, no matter which avenue you choose to take. It’s an exciting field that provides opportunity for advancement and constant change. Consider your options carefully, and find out where you belong on your way to the top.

How To Buy A Home: Tips For Finding Your Perfect Property

Buying a house will be one of the biggest – and most expensive – decisions you will make in your life time. It doesn’t matter whether you are looking for a home for your family or a great investment opportunity, the amount of money involved means that you cannot afford to make the wrong choice. To help you make a great decision, here are our top tips for how to buy a home.

Think With Your Head, Not Your Heart

buy a homeUnless you are searching for a property which will make you money – in which case you are likely to be viewing homes with a critical eye – it can be difficult to be objective. People are often looking for the elusive feeling which makes a house feel like a home to them. This is an important part of choosing a perfect place for you and your family to live, but if you are not careful you can fall in love with a house and are blind to the practicalities. If this happens you run the risk of running into major problems further down the line if there are underlying issues with the property.

Practical Considerations When Buying A Home

The state of the property market will depend on where you live. While some places have seen a significant drop in both prices and the availability of buyers, some places are still experiencing a very fast moving property market. But even if you are conducting your house search in an area which has a thriving, fast moving market, it is a very bad idea to purchase a property without viewing it first. As a bare minimum you need to view a house twice, in order to spot potential issues.

If it is possible, it is a good idea to arrange subsequent viewings at different times of the day. This will give you a better feel for the property, but is also an important part of finding out what the area is really like. A neighborhood which seems relatively quiet and peaceful on a weekday afternoon may be noisy and bustling on a weekend night. If you don’t know the area very well then you may also want to make time to take a stroll around the neighborhood after viewing the property, so you can figure out where the home is in relation to local amenities.

Perhaps one of the more important parts of making a property purchase is gauging the condition of the building, to check whether costly repair work may be necessary. In particular, you should be wary of dampness and mold – this is not always visible, so trust your sense of smell. The seller may try to hide faults to avoid putting off buyers. This can include hiding cracks in the structure of the walls behind furniture, or hiding floor issues with rugs. If you love the house, faults shouldn’t necessarily put you off but you should get a professional opinion on what repairs are needed.

If you follow our guide on how to buy a home, you should be able to find a property you love.

Homeowners Should Learn How to Sell a House

Many people believe that real estate agents are the only ones who know how to sell a house, and that is true for the most part. The major difference between selling through a real estate agent and the homeowner doing the selling is that the homeowner is much more motivated than the realtor. There are some important advantages for a homeowner if they are able to sell their own home, starting with being able to avoid paying a commission.

sell a houseBefore making the decision to advertise their home for sale, a homeowner should take the time needed to learn the important steps or selling a house. The first step is to make sure the home is presented in a way that will make prospective buyers want to live there. Any clutter should be either organized and stored properly or removed from the home. Then the house should be thoroughly cleaned from top to bottom, including the most minute details. Just because dust or dirt is hidden behind the couch or window treatments does not mean a prospective buyer will not see it, and this leaves the impression that larger issues may be present. Hiring a professional cleaning company to make sure the home is spotlessly clean may be the best choice, and the cost is probably a good investment.

If there are any needed home repairs or updates, they should be taken care of. A fresh coat of paint, new window treatments or updated flooring can add considerable equity to an otherwise ho-hum property. Once these important steps have been taken, have the property evaluated. Listing the home at more than its actual value will discourage prospective buyers, so make sure the home looks favorable in relation to the value of neighborhood comparables. Hiring a certified residential appraiser is probably the best way to get an accurate value of the home, and they will provide a current appraisal that can be presented to financial institutions.

Removing obstacles a buyer may encounter is an important part of knowing how to sell a house quickly. Most prospective buyers take the cautionary step of paying for the home they are considering to be inspected before proceeding with the purchase. Buyers will be impressed and relieved if there is a current home inspection report available for their review. This takes some of their possible apprehension away, and cuts down on some of their expense.

Once all these steps are complete, the homeowner is ready to list their home for sale. Since the home is for sale by owner, there are several ways to post the ad. There are internet sites created especially for this situation, and many of them are free. The classified newspaper ads often yield a surprising number of prospective buyers. Placing a “For Sale by Owner” sign in the yard can be very effective if the traffic flow is adequate or post attractive fliers around town wherever they are allowed.

Effectively showing the property is important, so the homeowner should be polite, not pushy or nosy, and he should be prepared to offer information in response to questions.