Be a strategic Realtor and Explore Actionable Steps to Secure your Deals in a Competitive Market.
Nearly a third of the nation’s more than 1.5 million REALTORS® says the lack of housing inventory is preventing them from finding appropriate listings for their clients, according to the National Association of REALTORS® in July 2023.
The challenge comes at a time when housing supply dropped in 2022 to its lowest level since 1999, the report notes. The real estate market has always been dynamic and subject to various fluctuations.
Make Informed Decisions and Equip Yourself with Our High-Value Tips
Tip 1: Start Defining Your Priorities
Determine the key features, such as location, size, number of bedrooms, and amenities, that are non-negotiable for you. This will help you narrow down your search and focus on listings that align with your priorities. A well-done database is crucial to monitor the process.
Tip 2: Set Realistic Expectations
Buyers and sellers need to set realistic expectations in a housing shortage. Sellers might need to understand that while their property may still sell quickly, the market dynamics might not allow for exceptionally high listing prices. Buyers, on the other hand, should be prepared for potential bidding wars and the need to act swiftly when they find a suitable property.
Tip 3: Expand Your Search
If the inventory in your desired location is limited, consider expanding your search radius or exploring nearby neighborhoods. You might find hidden gems in areas that you haven’t considered initially. Create an efficient data collection to provide fast information to your clients and become a recognized efficient realtor in your community.
Tip 4: Delegate to an Executive Associate
Take a strategic approach to discovering a skilled associate who can seamlessly execute your precise daily business processes, leading you toward goal achievement and successful deal closures.
Simplify your Workload with VOOV Experts
Rely on VOOV Experts to navigate the process of selecting the ideal associate, aligning with your expectations, and delivering exceptional outcomes for your business.
Leveraging VOOV’s extensive experience in real estate executive procedures, you can confidently forge a solid and professional foundation for a trustworthy relationship between you and your associates.
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