5 Best Places To Become a Real Estate Agent [2021]
Moving to a new location may just be the fresh start you need for your real estate business!
There are certain cities within the United States that offer much better opportunities for an aspiring real estate agent looking to kickstart a successful empire. The real questions you must ask yourself are, what’s so great about these locations and should I have moved there yesterday?
Before you decide to pick up everything and leave your hometown behind, you should do a little bit of background research on the various locations you could live in next. The hotspots for real estate are great opportunities if you know how to truly hack the business, but that part is up to you to figure out.
Keep reading to find out which destination has a plane ticket with your name on it!
What Makes a Top Real Estate City?
We can help you make sense of the key factors that play a major role in how popular any given area is for real estate investments. Our list was created by focusing on the:
Number of homes sold last year within the city
Average change in median sales prices for homes in that area
Ratio of real estate agents to the number of homes for sale
Average commission rate for any given real estate agent
Once you understand this list, dig a little deeper to find which area truly speaks your language!
Virginia Beach, Virginia
The available homes in Virginia Beach, Virginia are selling quick! As the days go by, the number of houses for sale in this area continues to decrease, but that truly says everything about the high demand. The combination of unique beach diversity as well as a desirable job market creates sweet sounding music in the ears of potential investors.
Many people are attracted to the amazing quality of life and the millennial demographic in Virginia Beach, so they are willing to produce offers that are well above the actual asking price. If you’re looking to set up shop in Virginia Beach, you might want to make a few phone calls today!
Los Angeles, California
Los Angeles, California has always been known for the high prices and luxury feel! This has never been more true during recent years. Los Angeles is full of incredible neighborhoods that make you feel comfortable and right at home. There is basically a different style of neighborhood for every personality so you are bound to find one that matches yours perfectly!
This has always proven to be an outstanding location for new and veteran real estate agents alike given the median price point of the homes here. No matter which neighborhood you choose, you are looking to pay around $760,000. Some homes can be slightly less, while others can be a great deal more. Successfully selling homes in this area means your commission percentage grows in correlation to the price of the house.
The motto is quite simple: sell a more expensive house, get a more generous commission!
New York City, New York
New York City, New York is a great place for new real estate agents to connect with popular brokerage firms that help you get your name on the map. Establishments like Keller Williams are large firms that hold a lot of power when it comes to producing a great reputation.
All that to be said, there is a reason New York City is known as the city that never sleeps! Starting your business in a city like this will not be an easy task. Countless homebuyers end up using a real estate agent given the exclusive access they have to amazing properties they would’ve never found on their own.
The real kicker is building a reputation for yourself and making connections with landlords who will drop your name when a prospective buyer comes poking around. If you love early mornings, late nights, and the bustle of a lively city, this spot is just for you!
Austin, Texas
In recent years, the state of Texas in general has become very well known for the affordable prices offered on magnificent homes. To put it in layman’s terms, a mansion in Austin, Texas is cheap compared to one in California!
Professional real estate agents here get the cream of the crop when it comes to prospective buyers looking to buy their dream home. Austin, Texas has become quite the hotspot given the new job opportunities for people looking to pursue a rewarding career in the technology industry. This economy is continuously increasing, so now’s your chance to ride the wave!
San Francisco Bay Area, CA
You probably could’ve guessed that another affluent city in California would successfully make it onto this highly selective list! San Francisco Bay is located in the more northern part of California compared to Los Angeles which is located in the south. There are several different historical landmarks and breathtaking parks that draw people to this fantastic city. For real estate agents, the housing market tops them all!
The median sale price for a home here is $1,097,843 as of last year. That is quite a bit more than Los Angeles so if you’re looking for that high commission percentage, the Bay Area is your final destination!
Pick Your Hotspot: Trust Your Gut
The real estate industry can truly be a tough nut to crack if you don’t set yourself up with the right resources in the right location. No one is necessarily telling you to grab all your personal belongings and move across the country, but sometimes a change of scenery is just what you need!
These hotspots listed above are great areas where consumers travel when they decide to invest in real estate or build their forever home. This means, you have numerous opportunities to make a name for your business in any of these locations! What you must know is, no magic solution exists where you clap your heels three times and a sea of clients start flooding in.
If you put in the time and keep doing your research by starting with helpful guides like this, you are going to do just fine. It’s time to start packing!
If you need more than just a guide and you want to take your real estate business to the next level with a no BS coach that’s been there schedule a call with me and find out how I help agents like you change their lives!
New Real Estate Agents Also Read:
https://www.cgprealestateconsulting.com/post/sales-why-invest-in-virginia-beach-real-estate
https://www.noradarealestate.com/blog/los-angeles-real-estate-market/
https://www.valuepenguin.com/2016/best-cities-real-estate-agents
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