Are you ready for the 2014 real estate rush?
Which periods of the New Year are expected to be the most active for real estate investors? What do real estate agents and investors need to know about them? More importantly, how can they position themselves to fully capitalize on the market this year?
Revving Up for the 2014 Real Estate Rush
Many real estate brokerages and investors are already hitting the ground running in the New Year. Some companies are announcing major roll-outs, individuals are “firing” their bosses and some are even familiarizing themselves with augmented reality, as it may be the next evolution of the industry. Regardless of their position, they are preparing for the upcoming year with a proactive approach.
Forward thinking real estate industry leaders already have their January mapped out. They spent the end of last year filling their pipeline with potential deals and made an effort to reach out during the winter months. It would seem that their preparation last year is already paying off.
Others may not have invested in the head start or are pursuing real estate for the first time as a resolution. If you are in this group, it’s not too late to capitalize on the best the New Year has to offer.
February marks an especially great time of year for real estate professionals. The early part of the year allows them to get back on their feet after the holidays and have the finances to follow through with any resolutions they may have. The situation may only get better at tax time, as a lot of people will be receiving large sums of money.
2014 promises to be even greater this year now that uncertainty has been removed and the world is more bullish on U.S. real estate.
6 Things Real Estate Pros Need to Learn in 2014:
1. Speed
While we may be returning to a more balanced market, speed of implementation is still one of the most critical factors for a seasoned investor. This doesn’t only require superior personal productivity, but a business model which facilitates speed as well.
2. Fast Decision Making
Fast decision making is essential. It may not always be possible to make the best decision with 100% certainty, which leaves making a fast decision the next best option. In this business, you are required to think on your feet. The faster you are at it, the better.
3. Focus
Great decision making and achieving goals requires focus. There are so many distractions today. It’s almost a miracle that anything gets done. More mobile apps may not help, and neither may multitasking. In fact, some of the best advice for maintaining focus is to take more time out and keep it simple.
4. Technology
Technology is changing the face of the real estate industry. More applications and advances are making real estate easier than ever for those who take advantage of it. Moreover, if you neglect to embrace technology, you are missing out on several cost effective opportunities to make more money.
5. Real Estate Education
When your education comes to an end, your business may follow. It is critical to stay up to date with every aspect of this industry. This applies to everyone at every level, regardless of their wealth and previous accomplishments. It’s critical for real estate investors and Realtors to have a plan for continuing their real estate education. Push yourself to learn something new everyday.
6. Motivation – Drive
It’s a marathon, not a sprint. Even the most upbeat and driven real estate pros can find it tough sometimes. Have a plan for keeping self-motivation up. Consider hiring a coach to keep you accountable for your actions and progression as an investor.
