im asking cause of the economy…
i have my license im a LA but its slow…so where what should i do next?
is it all about Commercial?
Commercial isn’t doing much better here! The vacancy rates are crazy. I just looked and there are very few pending commercial deals. Tons of listings and not a lot of them closing. The Greater Chicagoland area. The hot market here is REOS and short sales. Go after them!
January 1st, 2010 at 5:16 am
Commercial isn’t doing much better here! The vacancy rates are crazy. I just looked and there are very few pending commercial deals. Tons of listings and not a lot of them closing. The Greater Chicagoland area. The hot market here is REOS and short sales. Go after them!
References :
January 1st, 2010 at 5:25 am
When you say La – do you mean Los Angeles or Louisiana?
Is your goal to work full-time with a commercial brokerage, or to continue working with your current residential company, and dabble in commercial??
If it’s the latter and you are in a large market, like Los Angeles, it’s probably not so easy to do. In large markets, brokers often specialize in a specific area, like office, industrial, retail, and then within that you have leasing and sales.
If you are in a small market, it’s probably easier to do a little of everything both on the resi side and commercial side.
Just on a personal note, in my market (Philly), residential agents trying to tap into the commercial market because the resi market is slow are not viewed upon too highly by commercial brokers. They often don’t understand the mechanics of a commercial transaction….also, the feeling is when the commercial market is slow you don’t see commercial brokers trying to sell houses.
My thought is – if you have an interest to work in commercial, do commercial, but don’t just do it because you are buying time until residential picks up again.
References :