Being a leader in both real estate and property management in Cabo and all of Baja California Sur, Ronival Real Estate truly understands the market. And they’ve proven it by rising to be the number-one real estate brokerage in all of Mexico. As such, Nick Fong, who is the founder and broker of Ronival Real Estate, is excited to share is real estate tips with those who wish to succeed in the real estate profession.
If you’re seeking some amazing informative info about succeeding in real estate, you’ve come to just the right place! Read on to discover a great wealth of information from Nick Fong himself that will greatly benefit you!
Mistakes to avoid in real estate during the year 2022 From Nick Fong
In short, don’t take for granted what you know about real estate and your area, but your clients may not know. As Nick explains, his agents live and breath the local real estate market. To explain, they talk amongst themselves, with their partner, with their spouse, and with their kids, about what a crazy real estate market they are currently in.
Prices are constantly rising from 12% to even 50% in just a short time. In fact, there has even been 100% increases in some cases according to Nick. These increases have occurred over the last year or two years. In the video, Nick asks if you have picked up the phone and called your previous clients – home owners in Baja California Sur. Also, have you called your buyers that can potentially become sellers?
Be sure to let your buyers and sellers know about the current crazy market conditions. Proactively, you can prod a new opportunity for yourself, just by taking action on the phone. Don’t take for granted the information and expertise that you have and not sharing it with your previous clients. That would be a big mistake and cause missed opportunities that can be developed simply by communicating on the phone.
Tip from Nick Fong about getting your offers accepted
Nick tells his agents to prepare offers that are close or at list price. Right now, many of the properties throughout Baja California Sur are selling at, or just below list price already since the market is constantly trending upward. In fact, in order to ensure a sale, send an offer that is just over the list price. With the market going up, you can’t go wrong by doing that.
Historically, properties typically sold for 10 to 15 percent less than the list price. But as Nick states: That is not today’s market. Now is the time to take advantage of these current crazy market conditions. To explain, people are moving to Cabo and all throughout Baja California Sur in droves, which is driving the market up and up. So take full advantage of that right now since your clients will come out on top with rising values.
If you have a prospect who is in the market to purchase a property, or if you’re a real estate agent looking to make an offer on behalf of your buyers, be sure to make the offer close to, at, or slightly above the list price. That will ensure success with getting your offer accepted in a timely fashion.
Work With Ronival Real Estate
Ronival Real Estate has helped thousands of buyers and sellers across Los Cabos since 2010. If you’re interested in Cabo Real Estate, our team can assist with everything from showings and negotiations to closing and property management. Have questions? Contact us here or call +52 (624) 227 5766.