Having already made a name for himself in the real estate industry despite only working in it for a short time, Nathaniel Ploskonka understands the traits that a person needs to become a good real estate professional. He has listed all of the following as essentials if you want to succeed in the industry.
You will be doing a lot of talking as a real estate agent, both with clients and other agents, so you need to be able to carry yourself in a confident manner. This means understanding what you are talking about at all times and being able to deliver what you have to say clearly and concisely. People can tell when you aren’t confident in what you are doing, which will make them less likely to trust you.
The real estate industry is not for the faint of heart and you will really need to push yourself if you are going to succeed. A good professional must be tenacious, as this will ensure that they chase down any and all leads in addition to doing everything that they can in order to secure the best outcome for their clients.
As Nathaniel Ploskonka knows, there is much more to working on a real estate deal than simply throwing around figures and talking to people. You also need to develop an intimate understanding of the property market on both the local and national levels. You must understand how this will affect your clients in addition to keeping your knowledge up to date at all times through constant research.
Dedicated realtors such as Nathaniel Ploskonka have done well in the industry thanks to a few simple strategies and techniques. Getting an edge over the competition is an important aspect of being successful in the real estate industry. People grow and evolve because they compete with each other to be the best. This is why things like capitalism are so useful for society.
Source: Nathaniel Ploskonka – Competitive
For those looking to build a successful and lasting career in real estate that rivals that of Nathaniel Ploskonka, there are plenty of strategies out there to accomplish that. Real estate is an industry that can be conquered by learning about subtle differences. Often a good realtor gets an edge over a bad one simply by knowing one extra trick or strategy that gave him or her the edge. That is why it is important to explore every faucet of the real estate market and absorb all the information available. One easy trick to increase your profits is to ask to keep the mineral rights on properties you purchase.
According to Bankrate.com’s Real Estate Tips, “With so many giant natural-gas fields (shales) in play across the U.S. and new ones pending, homeowners should exercise “seller’s market” clout to retain mineral rights. While that intent needn’t even be mentioned in the sales contract in some states, it’s always safest to note it, provided the buyer doesn’t protest. Avoid that scenario by conveying those rights to a trustworthy relative or to an energy company buying them before putting the house on the block.”
While it may take a little extra work and research to determine the laws of a specific area in regards to mineral rights, it can make a big difference in your underlying profit potential. So always do your due diligence and inquire about mineral right policies. This will help you establish a more successful business similar to Nathaniel Ploskonka’s.
If you are a new and inexperienced realtor trying to get your profit margins to look more like that of Nathaniel Ploskonka, you need to know a few things first. Real estate is certainly a tough field to break into, especially for those who go in without doing the proper amount of research first. There are many pitfalls and traps that exist in the arena of real estate, which is why you should always do the proper diligence first. A little research now can save you big bucks later down the road. One way to increase your profits and avoid costly mistakes is to simply do the math.
According to Bankrate.com’s Real Estate Tips, “Too often, buyers get caught up in win-at-all-costs negotiation. They’ll stubbornly let as little as a few grand lock them out of the right house. At an interest rate of 4.5 percent, the difference between paying $200,000 and $195,000 — assuming 1.25 percent property tax and 15 percent down — is only about $25 per month on a 30-year mortgage, or about the cost of lunch for two at a fast-casual eatery, before the tip. Don’t let that ruin your chances at your dream home.”
Leave emotions out of it. Remember that real estate is a business. You don’t want to lose out on a potentially profitable property just because of a few thousand dollars. That is why if you are ever in doubt, it is best to simply sit down and do the math first. This has helped realtors like Nathaniel Ploskonka do well.
A key way to be a realtor with lots of property and a high income base like Nathaniel Ploskonka comes down to knowing a few key tips and tricks. The real estate industry can be a challenging field with lots of competition. That is why you need to do your best to get every advantage possible. Doing so does not have to be hard. Just by putting in a little extra effort and doing some research, you can increase your profit margins. A common practice many realtors use before buying a property is to data farm. This means gathering as much information as you can about a property before investing.
According to Bankrate.com’s Real Estate Tips, “While local knowledge and old-school networking will always be valuable, the latest technology lets agents offer much more. Some agencies offer “livability” ratings by ranking and contrasting neighborhoods by air quality, traffic choke points and specific data on a home’s energy efficiency. In 2013, the National Association of Realtors introduced its Predictive Analytics group. Banks already use “big data” to gauge the worth of foreclosures and short sales, and mobile apps now offer it for consumer and agent use. Ask agents if they offer this and other edgy technology such as high-definition aerial footage shot by drones.”
Remember that every bit of information you gather will be useful in determining potential profits. There are so many different resources out there to be utilized that it would simply be foolish not to do so. Good data farming is the key to being successful like Nathaniel Ploskonka.