When will the Real Estate market pick back up?

[FDS]

ive asked around everywhere and everyone says 08 will definetely be the lowest.

 

[KillaKali]

^Time to invest!

all the basic terms you will learn from taking the principals course and the exam itself, along with the other 2 classes that are required before you get your L's. for the most part, there's nothing on the real estate exam or the online classes i took that has helped me find a prospective buyer/seller, negotiated the contract, and closed the deal. if you want to go to school, i think it'd be more benificial to take a business class, or even a sales class. a lot of people think of real estate as a job, it is not a job, it is a business. you are running your own business and in any business you need to know how to operate like one, and know how to find clients to keep you business in business.

Thnx for the info. Yeah after observing the market going down, I've now re-thought my plans & I definetly wanna have a full time job with a realators license on the side. This market could be a very very profitable career but it's just like the stock market. Rather go the safest way with a BA degree in something to bring in the monthly checks.

 

[RevoL]

a down market is the best time to be an agent/realtor IF you are willing to put in work. the number of agents actually working in a down market gets smaller every day, which = less competition, and more opportunities to close more deals. but the methods that bring in business in a hot market (open houses, newspaper/magazine ads, post cards, farming, ect.) do not work in a slow market, so you can't be lazy and try to get business the easy way. sure you might get 1 here and there, but if you want to close more than 6-12 deals a year you have to aggressively be out there grinding. i'm on the phones with expired listing owners and for sale by owners at least 4hrs a day talking to about 30 people a day, and if i can't reach them by phone in the mornings, i'll be at the door in the afternoon trying to get an appointment with them. if you can get 1 appointment a day, you can be successful in real estate. shit if you can get 1 appointment a week with a 50% closing rate you can close 24 deals in a year, which is about 250K in gross commissions in the bay area. that's the thing with real estate though, if you don't close deals, you don't eat!