A career in real estate, the country’s second-largest source of employment, can be both rewarding and challenging.
A career in real estate, the country’s second-largest source of employment, can be both rewarding and challenging. Certain fundamental skills are required to make an impact in the field. A real estate manager can benefit from skills such as essential computation of development cost, appraisal of appreciation, knowledge of stamp duty and enrolment charges, and fundamental knowledge of construction standards, among others. Here is a list of five essential skills for working in a real estate firm:
Local knowledge
Local knowledge helps you understand the rules and regulations in various neighbourhoods and networks, as well as the potential value of a property. It would be beneficial to investigate various areas that provide excellent land opportunities for your customers. It is critical to develop a thorough understanding of neighbourhoods and home estimations in all significant zones over time.
Also Read: Five critical skills to help you succeed in real estate jobs
Tech-savvy
Being technically competent does not imply being a cyber-security expert. It focuses on fundamental PC skills such as creating a presentation, using excel spreadsheets, and utilising web-based media such as Facebook and Instagram. Being at ease with innovation saves time and allows you to better manage your client base. For better career opportunities, learn Microsoft Excel, PowerPoint, and Google Docs.
Communication skills
The best realtors are approachable and skilled at communicating their clients’ interests. Excellent communication skills enable an agent to discuss all issues prior to drafting a contract. An agent should be able to negotiate all aspects of a deal so that both parties benefit when all nuances are considered. A good agent knows how to persuade the two parties to reach an agreement at that point.
Capability to listen
As important as effective communication skills is undivided attention. It is critical to focus on the client’s specific requirements. Only then will you be able to offer alternatives that are within his spending plan and budget. Being eager, compassionate, and genuine with the client will benefit you. Listening to online digital broadcasts and taking notes can also help you improve your undivided attention skills.
Negotiation abilities
It’s all business by the end of the day. You should be able to convince the clients that they are making the right choice. In any case, investing in real estate is a significant financial decision, so be prepared to answer a lot of questions. While communicating effectively, keep your subtlety. You’ll be on the right track if you respond to all client inquiries and are straightforward. Determine how to successfully negotiate. (Atul Goel Pune is the Managing Director of Goel Ganga Group.)
