Joe Palermo of Lake Charles - What Every Real Estate Professional Should Know Joe Palermo of Lake Charles is a successful real estate professional with over fifty years’ experience in the industry. He is the President of Palermo Realty Development in Sulphur, Louisiana and has been actively involved in the purchasing and development of residential and commercial properties. He was also the Vice President of Palermo Construction Company from August 1965 to June 1999. As a successful professional in the industry, Joe Palermo of Lake Charles shares a couple of things every real estate agent should know.
Knowledge of Local Pricing One of the first things every real estate professional should do is study the current price trends for properties in the area. You will need to know the price trends in neighboring towns as well, this will allow you give clients an idea of what prices they can expect in other places. Studying the price trend in a particular area will also help you identify if a certain property is overpriced. Your knowledge of the current price trends will help you assist clients looking to purchase property within a certain price range.
Look for a Catalyst Look for signs that show the area is being developed and will be a great place to showcase to clients. If you see new roads, schools, or other infrastructure being built, it is a clear sign that the place is set for a growth spurt. Encouraging clients to invest in areas where there is development will not only be profitable for your clients, but for you as well. Certain types of development such as new shopping centers, schools, and hospitals could be attractive to homebuyers.
Low-Tax Alternatives You will need to know which areas have the best and worst tax structure. Some towns might have high property taxes, while its neighboring town might have a low property tax, and it is only normal for the town with low property tax to be in more demand. As a real estate professional, you will need to help your clients understand which areas have low property tax so as to help them decided whether they want to buy a property there or in some other place.
Knowledge of the Neighborhood As a real estate professional, you will need to have as strong knowledge of the local landscape. It doesn’t pay to live in one town and work as a real estate agent in another town. Being a local area real estate agent will allow you to know the real estate landscape and help your clients find the property they are looking for. If it is going to take you two hours to drive from one town to the other just to look for suitable properties for your clients, you will most likely lose out on finding the best deals. Focus your attention on where you are located and become a knowledgeable real estate professional in that area. Joe Palermo Lake Charles resides in Lake Charles and has worked for over fifty years in the real estate industry in Sulphur, Louisiana. To Learn More, Visit at: http://www.magcloud.com/user/joepalermolakecharles