Is it better to start with smaller homes?

I have read that if you are new to real estate and selling homes in general, it is better to start smaller. I know because smaller homes tend to cost less, you will earn less from the start but it allows you to practice and get your feet wet so to speak so when a larger, more expensive house comes along, you know how to close on it. Is it better to start with smaller homes or does this not matter?

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April 27, 2020 5:29 PM

Member

I don't think it matters much. I was selling homes of all sizes when I started. It is better to land a home in a better area with low crime rates as these ones tend to sell for much higher prices regardless of their size.

April 29, 2020 8:05 PM

Member

I don't have any experience here really but I will say that larger homes come with larger costs and often higher repair costs on top of that. There is a lot to consider really.

May 2, 2020 3:38 PM

Smaller doesn't always mean cheaper. You have to consider repairs, location, taxes, and so on.


Work within your budget, not according to house size. Some houses in your budget will be smaller, some will be larger.

May 2, 2020 4:07 PM

Member

he majority of real estate agents are independent contractors. Succeeding as an independent contractor, and being in control of your growth, means thinking like a small business, rather than as an employee. Invest in relationships, work towards long-term goals, and learn what you can about marketing. From the beginning of your career, create a business that is portable, flexible and able to move and grow with you. You'll be much more able to weather changes in the market than someone who isn't thinking like a business owner.

June 7, 2020 4:38 PM

Member

It depends on your comfort level and whether you will be working solo or with an agency. I work with an agency so I tend to go for the bigger homes because they make for better profits.

July 26, 2020 2:06 AM