Unemployment Data, A Weakened Economy And Your Real Estate Career | ADHI Schools

Unemployment data, a weakened economy and your real estate career

Published by Kartik Subramaniam

Reading Time : 1 minutes

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As a student of Adhi Schools, you are most likely getting your license for one of three reasons.

1. You want to sell real estate full-time.
2. You want to buy/sell your own property and want a commission for doing so.
3. You want a part-time career option.

With the economy being the way it is and unemployment numbers up you might be hesitant about your decision to enter our great business. Remember - greatness cannot grow where there is doubt!

I wanted to share a few thoughts with you about what a down market actually means.

For buyers of real estate:

Buyers have more choices because of increased inventory.
Sellers are more flexible on price and terms.

For agents:

Sellers are more realistic about where their properties need to be priced in order to bring a buyer.
Commissions tend to be higher in percentage terms.

For a new agent:

Competition tends to be less as fewer new agents are getting into the business.
Existing agents are dropping out of the business.
Listings are easier to obtain as more owners are putting their properties on the market.

Remember, treat this like a regular job and you will succeed. Questions or comments are welcome!

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