Being in the Real Estate market might seem easy for the inexperienced eye and a desirable career when taking a look at some agents that bring millions of dollars upon closing a deal, but it isn’t all children’s play. When talking about large amounts of money, things usually become more complicated and the houses listed turn into an art exposition with clients that have high demands and a series of needs that has to be fulfilled.
Being in business for some time can get you experience and a little bit of fame, but that is not all there is to know about an agent. Having the right mindset and wit will give you a greater advantage, and this point can actually be argued by the fact that the new-coming stars in the real estate world are extremely young, some of them under the age of 30.
Millions of Dollars
Depending on the location and previous owners of the house, as well as development and associated amenities, some houses have prices that could spike up the economy, some of them bringing in dozen of millions/sale: take for example Briar Patch, in the Hamptons, which amounts to the impressive worth of $140 million. In regard to agents, the best of them seems to be Jade Mills, who made a fortune of over $4 billion from sales and has a resume of celebrities like Jennifer Aniston, Ellen DeGeneres, and Charlie Sheen, being just a few of the sounding-names.
Young & Restless
Starting out as a new-comer, but still in the uppermost when it comes to his career, we have Oren Alexander who, at the age of 24 years old, managed to hit the one billion line and become quite the name when it comes to marketing houses.
But real estate agents don’t always have it easy when doing a sale. When it comes to location, places are divided into three major parts:
- Tier 1 – developed cities with a good real estate market.
- Tier 2 – cities in the process of developing this market.
- Tier 3 – undeveloped cities with a risky market.
Each of these tiers has a different line of customers and is liable to become desirable or unwanted based on the fluctuations of the market. Tier 1 is usually the wanted place, with higher prices and more sales, while the other two are more wanted by developing businesses and expanding ones. But Tier 1 is not always to be trusted as the first pick, as the effect of “housing bubble” can appear when the market gets overcrowded and prices will rise exponentially, with the disadvantage that they will fall just as fast when the bubble “bursts”.
A field of work that can come with a lot of benefits but also with long hours and weekend trips at the houses listed, the real estate market is populated by a great variety of personalities that wish to make their mark in this area. Having such a large amount to select from is beneficial for the clients but it can come as a burden when you are trying to make a name for yourself in this business.