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Misconceptions about the Real Estate Practices

Misconceptions about the Real Estate Practices

Misconceptions about the Real Estate Practices – The conventional wisdom has its own flaws when it comes to buying or selling your property – as stated by the Orlando buyers’ agents.

With the growing demand and acceptance of flexible working hours and independent working environment, the majority of people find real estate industry quite tempting. While many people are now shaking hands with the real estate industry, not all of them consider the perks attached to the industry. In addition to these perks, there are also some misconceptions associated with real estate industry, making people a lot more cautious in carrying out real estate transactions.

Even though, there is hardly any truth to these misconceptions, lets us have a look at some of these prevailing misconceptions that revolve around the real estate practices.

The real estate business cost a fortune – Misconceptions about the Real Estate Practices

As per the winter garden realtors, the biggest turn off for many potential individuals to enter real estate business is based on the misconception that the industry demands a fortune to start a business. However, people having even a slightest idea or education, being a real estate investor, know numerous ways to enter and start a business in real estate industry with just a little amount of money and quite successfully.

Real estate means nine-to-five job

Generally, we come across the brokers or downtown Orlando realtors whose working hours are 9 to 5. But this does not mean that this business is a stereotyped profession. Instead, a real estate business is a better be called entrepreneurship in which you simply run your owned business. Additionally, the current real estate industry is much more competitive and complex, having people who make the most of the technology, mathematics, and data to keep an ace up their sleeves. Therefore, a real estate business is simply your lifestyle which you carry, a position you hold and a dream that you live.

Real estate is a small market with no opportunities

To eradicate this misconception, first, you must understand that real estate is not a small market but a huge industry itself. Secondly, there are many investors who have successfully invested in small markets including real estate markets.

So regardless if you are investing in a small or a big industry, the real game changer for an investor is to fully understand the market dynamics and to exploit the available opportunities in a timely manner. While you may choose to lend, flip, build or hold a property, being an investor, it is always a safe option to invest in a stable market which is already supplying to a large pool of investors.

The success in real estate industry takes time

Another misconception associated with real estate is that it takes years to achieve business results. Since this business works on a relationship-based network so sooner you establish your communication network and business relationships, the sooner your business will become successful.

Moreover, with the help of advanced communication tools, it has now become much more inexpensive and instant to establish communication networks. Also, all you need for that is just some authentic and valuable information at hand.

Besides, successful realtors such as offered by Megan Dowdy are one of the proven examples of people who have earned a commendable position in the real estate industry, in just no time! Misconceptions about the Real Estate Practices

Megan Dowdy

Megan Dowdy is a seasoned real estate broker, educator, and entrepreneur. A native of Orlando, she is one of its biggest promoters and is familiar with all that Orlando has to offer. She attended Lake Highland Preparatory School, obtained a business degree from The Calloway School of Business at Wake Forest University, and then obtained her Masters in Hospitality and Tourism Management from The University of Central Florida’s Rosen College of Hospitality Management.

Her passion for bringing hospitality and service to real estate is a rare find in the industry. Building relationships that begin with the first transaction and carry on over years is what Megan thrives on. Communication and accessibility are of the utmost importance to providing a high level of service – and Megan prides herself on those!

When she isn’t representing clients in the purchase of real estate, Megan is teaching, as an Adjunct Instructor, at The University of Central Florida’s Rosen College of Hospitality Management. She teaches the future leaders of the industry numerous courses ranging from Guest Services Management, to Marketing, to Hospitality Communications.

Giving back is also a major theme in Megan’s life. Megan is a Founder, Board of Directors President, and Hospitality Committee Chair of The AutoNation Cure Bowl; Orlando’s newest NCAA post season college football game set to kickoff on December 19, 2015. All proceeds from the game go directly to the Breast Cancer Research Foundation where ninety-one cents of every dollar raised goes directly to research, and finding a cure for cancer. She also maintains strong relationships with each of her alma maters, even holding a position on the Alumni Board of Directors at Lake Highland Preparatory School in downtown Orlando.

Megan is also a licensed Real Estate Instructor and holds two designations: Accredited Buyer’s Representative and Graduate Realtor Institute; also, two certifications: Florida Military Specialist and Military Relocation Professional.

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