The real estate market is always changing, and what worked last year might not work this year. So, how can you make sure that you’re successful in today’s market? We asked top real estate agent Oliver Scherillo to give us his three best tips for succeeding in the current market. Here’s what he had to say:
- Know Your Target Market
One of the most important things you can do is to know your target market. Who are you selling to? What are their needs and wants? What are their incomes and purchasing power? Knowing your target market will help you determine what properties to invest in and how to price them. - Stay Up-to-Date on Trends
The real estate market is always changing, so it’s important to stay up-to-date on the latest trends. What’s hot and what’s not? What are buyers looking for? What are they willing to pay for? Keeping tabs on the latest trends will help you make informed decisions about your investments. - Understand the data
In order to make the best decisions, you need to understand the data. What’s the average price of a home in your area? How fast are homes selling? What’s the days on market? Having a good understanding of the data will help you make informed decisions about pricing, timing, and more.
The real estate market is always changing, and it can be tough to keep up. But if you know your target market, stay up-to-date on trends, and understand the data, you’ll be in a good position to succeed in today’s market.