Quote:
Originally Posted by drcoastline
Work in an up scale market where it only takes one or two sales to do well.
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easier said than done. Getting into the high end market is a slow, expensive process.
High-end listings typically go to agents with a solid presence in the market and a proven track record for selling them. The buyers tend to be very discerning and REALLY know the market & inventory, and they don't like having an agent who knows less about the inventory than them.
I have managed to carve out a bit of a niche in the local waterfront market, and have had to invest a disgusting amount of time in order to get qualified 700k+ buyers. Just in the past month, I've had 3 deals over 600k that ALMOST came together... Know what I get paid for a deal that ALMOST comes together? Nothin, other than catching $hit for evenings and weekends working, instead of spending time at home
any one of those deals would have put a decent 964 C4 in my driveway, but I have NOTHING to show for my time and effort, other than loyal clients who MAY buy eventually.
On the other hand, I've had several deals between 90-180k in the past 3 weeks, and they pay my bills.