Real Estate in the New Year 2018
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With Christmas over for another year it is a good week to start thinking about goals and resolutions for real estate plans you may have in the coming New Year.
It is helpful to write down ideas and plans for your real estate resolutions. Decorating with new paint and hardware improvements, downsizing to a smaller house or condo, upsizing and upgrading to a larger better located house. It all requires planning and thought and budgeting.
Establishing a working relationship with a Realtor® is a good place to begin. A Realtor® is trained, educated and knowledgeable in local laws and trends.
A Realtor® has connections with banks and lending institutions, inspectors, appraisers, stagers, decorators.
A Realtor® knows the community and schools systems.
A Realtor® knows all the legal requirements for buying and selling.
A Realtor® has great negotiating skills.
A Realtor® adheres to a strict code of ethics.
Step one for real estate plans and resolutions in the New Year….find a Realtor®. Real Estate in the New Year 2018
In addition, as with any future goals you have for yourself, we recommend SMART for Real Estate in the New Year 2018
S.M.A.R.T. stands for:
Your goal should be clear and specific, otherwise you won’t be able to focus your efforts or feel truly motivated to achieve it. When drafting your goal, try to answer the five “W” questions:
- What do I want to accomplish?
- Why is this goal important?
- Who is involved?
- Where is it located?
- Which resources or limits are involved?
It’s important to have measurable goals, so that you can track your progress and stay motivated. Assessing progress helps you to stay focused, meet your deadlines, and feel the excitement of getting closer to achieving your goal.
A measurable goal should address questions such as:
- How much?
- How many?
- How will I know when it is accomplished?
You might measure your goal of acquiring the skills to become head of marketing by determining that you will have completed the necessary training courses and gained the relevant experience within five years’ time.
Your goal also needs to be realistic and attainable to be successful. In other words, it should stretch your abilities but still remain possible. When you set an achievable goal, you may be able to identify previously overlooked opportunities or resources that can bring you closer to it.
An achievable goal will usually answer questions such as:
- How can I accomplish this goal?
- How realistic is the goal, based on other constraints, such as financial factors?
You might need to ask yourself whether developing the skills required to become head of marketing is realistic, based on your existing experience and qualifications. For example, do you have the time to complete the required training effectively? Are the necessary resources available to you? Can you afford to do it?
This step is about ensuring that your goal matters to you, and that it also aligns with other relevant goals. We all need support and assistance in achieving our goals, but it’s important to retain control over them. So, make sure that your plans drive everyone forward, but that you’re still responsible for achieving your own goal.
A relevant goal can answer “yes” to these questions:
- Does this seem worthwhile?
- Is this the right time?
- Does this match our other efforts/needs?
- Am I the right person to reach this goal?
- Is it applicable in the current socio-economic environment?
You might want to gain the skills to become head of marketing within your organization, but is it the right time to undertake the required training, or work toward additional qualifications? Are you sure that you’re the right person for the head of marketing role? Have you considered your spouse’s goals? For example, if you want to start a family, would completing training in your free time make this more difficult?
Every goal needs a target date, so that you have a deadline to focus on and something to work toward. This part of the SMART goal criteria helps to prevent everyday tasks from taking priority over your longer-term goals.
A time-bound goal will usually answer these questions:
- What can I do six months from now?
- What can I do six weeks from now?
- What can I do today?
Gaining the skills to become head of marketing may require additional training or experience , as we mentioned earlier. How long will it take you to acquire these skills? Do you need further training, so that you’re eligible for certain exams or qualifications? It’s important to give yourself a realistic time frame for accomplishing the smaller goals that are necessary to achieving your final objective.