What is a niche market in real estate?
Niche marketing is for specialists of a particular area of the real estate market that is being underserved in your location. That can be a wave of REO and foreclosures in one of your neighborhoods or senior living communities that are being built.
How do you create a real estate niche?
Read on for six ways to identify your real estate niche.
- Analyze local demographics.
- Pinpoint your passion.
- Zero in on a specific geographic area.
- Identify your favorite client category.
- Tap your existing networks.
- Earn a professional designation in a specific real estate niche.
What is the purpose of niche marketing early in your real estate career?
There is no shortcut to a long-term career in real estate, but a niche focus can quickly turn your fortunes around. By focusing on a smaller, niche market, you actually maximize your efforts. You significantly reduce competition, and it’s much easier to network strategically.
What are the different areas of real estate?
There are five main categories of real estate: residential, commercial, industrial, raw land, and special use.
How does demographics affect real estate?
Often overlooked, demographic and socio-economic factors play a large part in predicting important property market trends. Change in income, children growing older and moving out – these are some of the factors that influence demand and can help investors locate desirable real estate investments.
How do I dominate the real estate market?
5 Tips to Dominate The Fall Real Estate Market
- #1 Prepare A Marketing Budget & Stick To It.
- #2 Run Just-Sold Facebook Ads Targeting Homeowners In Your Farm Area.
- #3 Create Original Local Content That Catches The Attention of Potential Buyers & Sellers.
- #4 Build Out Your Resources For Future Prospects In Your Local Area.