April 15th, 2008
Too Many Properties in a Congested Market
Posted by
Brian in
Real Estate
As far as real estate is concerned, many would agree that it is slowly becoming a congested market with all these developed lands to choose from. While most of them are targeting the same market, you have to wonder if they can really fill up all those vacant units in time so that they can recover all the investments that they put into them.
This is why perhaps most provide deadlines and quotas. Most agents would employ an aggressive approach such as putting up kiosks and model unit viewing to entice people in buying them. But if this is the same thing that people are doing to market their stuff, you have to think of the success rate that they get from it. Is it all worth it?
