5 Ways to Become the Neighborhood Expert - Real Life Real Estate

5 Ways to Become the Neighborhood Expert

I can’t count the number of times I’ve heard agents say that “Agent X is the neighborhood expert and everyone uses her.”

Stop it.

First of all, not “everyone” uses her or even likes her. Second, she might know the neighborhood well, but she doesn’t have the market cornered.

You can become the neighborhood expert by knowing seven facts about any neighborhood.

Let’s take a look at what you need to know about every neighborhood in your market and especially the neighborhoods you want to farm.

Number 1 – Style of Homes

Make it a point to see every house that comes on the market in your target neighborhood.

Are the majority of homes townhouses, single-family or condos? 

Are they Colonial, Tudor or Victorian?  One level or two or three levels? What’s the age of the homes? 

This will give you an idea as to the amount of closet space the homes has and the type of floor plan.

Check to see if there is  a half bathroom on the first floor?  Is there typically an owner’s suite?  Do the homes have basements? 

What’s the average square footage?

Number 2 – Price of Homes

When a buyer tells you they want to live in a particular neighborhood, you need to know whether or not that neighborhood is within their price range.

Doing this one thing can save you and your buyer time, energy and frustration.

Take note of the price points for the various styles of homes.

Look to see what renovated homes are going for versus those that need some level of renovation.

Do homes typically sell at the list price?  What percentage go over the list price and what percentage sell for less than the list price?

Do sellers typically offer a closing credit?

Number 3 – Days on Market

This is an important fact for buyers to know. How long do homes stay on the market?

This will let them know how quickly they will need to act if they are interested in purchasing in the neighborhood.

They may not be able to wait until the Open House or the weekend to view the property. 

You will find that some neighborhoods have very few properties that come on the market in a given year. 

Your buyer needs to understand that and be patient and be willing to act quickly.

Number 4 – Amenities and Walkability

Neighborhood amenities can be an important component of the home search.  Buyer’s want to know where they can go for all of their essential needs, without jumping in the car.

What grocery stores are in the area and how close are they?

Are there other services available in the neighborhood or close by? 

Think, dry cleaners, coffee shops, farmers markets, restaurants and shopping.

Learn what there is to do in the neighborhood.

What’s the vibe of the neighborhood?

Some neighborhoods have cool spots to listen to music, community swimming pool, tennis courts, dog parks, walking and bike trails or playground.

Get out of your car and walk the neighborhood.  You’ll see things from a different perspective.

Check to see if public transportation nearby? 

Many buyers have given up their cars and depend on the subway system , bike and scooter rentals or buses.

This category speaks to the lifestyle the home buyer is looking for.

Number 5 – Schools

Schools are a difficult topic for real estate agents.

The information you provide clients with in regards to the schools should be limited.

Simply knowing the names of all of the elementary, middle and high schools is enough.

Do NOT get into which school district a house is in. 

School districts change all the time and you don’t want to get caught saying something that isn’t true.

It is NOT appropriate for you to talk about which schools are the “best.” 

What you think is a great school, may not be the same as someone else’s opinion.

You’re the Neighborhood Expert

You don’t have to be intimidated by other agents who claim to be the “neighborhood expert.”

Knowing these five facts can make you an expert in no time.

When meeting with your buyers, ask the questions that will help you help them find the right home and neighborhood for them.

As you have listing appointments, use this list to prepare. 

impress the seller with how much you know about their neighborhood.

What else could you do to be seen as the neighborhood expert?   Email me at Candy@RLRETraining.com or write your comments below.

Be prosperous!

Are you stressed and frustrated at trying to figure out everything on your own and still failing to get business?

Sign up today for my Free Email Course, Your Road Map to Success in Real Estate. Start building your real estate business on a solid foundation.  Click here to get started.

Don’t think you need help?

  • You don’t know what to do to make something happen…how to get clients
  • Your afraid of making a mistake
  • If you don’t start making money pretty soon, you’ll have to get a “regular” job

Is this you? Get more control over your business and less chaos. I know how you feel.  I know you’ve been burned and disappointed by programs that promised you results before.

So have I.

The majority of my clients come to me because other companies didn’t deliver.

There is NO secret to success in real estate or in life. Sign up for my FREE email course, Your Road Map to Success in Real Estate to start building your real estate business on a solid foundation.  Click here to get started!

The Reality of Real Estate

To learn what it takes to be a successful real estate agent or to get your real estate business back on track, check out Candy’s new book,

“The Reality of Real Estate – The Essential Guide to Planning, Managing and Growing Your Real Estate Business.”  Available on Amazon now! Candy,  “The Real-Life Realtor”, coaches, mentors and trains new and experienced real estate agents to transform their business by mastering her proven systems for success.

Inman News named Candy Miles-Crocker as one of the Top 25 Real Estate coaches in the United States.

She is a firm believer in managing expectations. Her goal is to elevate the perception of real estate agents among the general public through education so every client has an amazing real estate experience.

Candy’s unique training methods have shown agents what it takes to be successful!

Learn more about her training program at www.RLRETraining.com or send her an email at Candy@RLRETraining.com.

If you haven’t done so already, please connect with us on Twitter on Facebook,  and LinkedIn.

Let’s Go to Work!

Comments are closed.