Don’t underestimate the power of real estate agents!
‘Local real estate agents can make or break the ’social status’ of a suburb’, One of my vendors who used to be a real estate agent said. If real estate agents agree that it is a fantastic suburb, and with the media on their side, the chances of property values appreciating big-time will be great but the opposite happens when all the estate agents agree that the suburb is a slump.
Investors are very much influenced by the advice of real estate agents. They rely on the inputs from real estate agents to provide them with the general sentiments of a certain suburb and the social stigma associated with the suburbs. Hence never underestimate the power of estate agents!
For overseas investors, your best bet is to ask a local real estate agent about the suburb that you are buying into; that way you can never go wrong with your investment property!
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Time: January 28, 2008, 6:38 am
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Time: January 28, 2008, 7:14 am
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Time: January 28, 2008, 7:31 am
[…] Reggie Nicolay wrote an interesting post today onHere’s a quick excerpt‘Local real estate agents can make or break the ’social status’ of a suburb’, One of my vendors who used to be a real estate agent said. If real estate agents agree that it is a fantastic suburb, and with the media on their side, … […]
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Time: January 28, 2008, 8:10 am
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Time: January 28, 2008, 6:26 am
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