2020 Market Forecast
We have seen a positive year throughout the spring and summer for both Toronto and the nearby real estate markets. With the buyer incentives coming from the government we have seen the resurgence of the strong market for both buyers and homeowners. Paired with the new townhome developments building out in the Durham Region this is the perfect time for first time buyers to get into the market and for current homeowners to start their new journey.
While real estate is an extremely lucrative career there can be some challenges along the way. You need to be self-driven in this career as it is completely commission-based. You also need to have a base of knowledge when it comes to
You’re in luck! Real estate is one of the few industries with more opportunity than it knows what to do with. Especially with the current growth in the market throughout the last few months and the strong outlook for the months coming.
Realtors Rank #5 in Sales & Marketing Jobs
2019 Industry Stats
Selling To Listing Price
Average Days On Market
Daily Activities Of A Realtor
Building Your Clientbase
The top 10% realtors spend 10 hours a week looking for new clients. While the average realtor spends about 3 hours a week.
Processing Residential Transactions
The average house takes 2 months to complete the transaction. The average offer however only takes 2 weeks. Throughout the process, a realtor needs to make sure all the parties are secured to complete the purchase/sale.
A realtors marketing strategy is crucial to
- From previous client referrals 35%
- From Friends & Family 30%
- From Open Houses 15%
- From Online Marketing 10%
- From Print Ad Marketing 10%
Building A Client Base In Real Estate
It only takes about 1-2 years to build a solid sphere of influence that you can build on for clients. Realtors start seeing clients within a few months of starting their career, and after a year your client base naturally will grow on its own.
These are the most popular methods to gain new clients. However, the best marketing strategy is utilizing a variety of these methods to increase your exposure to your client base.