The real estate market is booming, and by 2028 the profession is forecasted to continue growing by 7 percent, as reported by the U.S Bureau of Labor Statistics Occupational Outlook Handbook. Of course with any occupation, blunders can happen. Here are some tips to avoid real estate mistakes:
Manage Your Time Efficiently
With sales booming, it can be tempting to throw planning out the window and just go with the flow. But this can quickly backfire without a time management system in place. Goalsetting, social media management, and family life may get overwhelming when left to run without a system, and wealth-generating activities, such as past client outreach and cold calling might fall by the wayside.
These days, there are many time management options to choose from such as weekly planners, software systems, and apps like Trello.
Stay Up-To-Date on Continuing Education
With the market on fire, it can be easy to let continuing education slip through the cracks. Failing to stay current with these credits may mean losing your license to practice. Maybe there’s an area, like commercial development, you’re interested in learning more about in order to stay competitive. State requirements vary, so make sure you know what’s expected to help avoid these and other costly real estate mistakes.