more money in the bigger cities as a REALTOR?

Question

Are there more sales and more money to be made in a big city?  i am thinking about moving to a big city like San antonio TX and get my Realtor business going over there too.

right now my city is a decent size, but im wondering if there is more opportunity in san antonio

Tom S. · Answer

@Devin Mann I would agree that there are at least more sales in a bigger city and fewer days on the market (DOM). I invest in VT where I'm from but live in Santa Barbara. The last report I read for VT was DOM is around 180 days. Around here if something is priced right, generally you will have multiple offers the first week, and over 45 days DOM is unusual. I also feel a warmer climate means the real estate business is more stable year around. Obviously in VT, construction and sales slow down in winter.

As Russell mentioned, the higher commissions definitely can be offset by a higher cost of living, so do your research.

Good luck,

Tom

As Russell mentioned, the higher commissions definitely can be offset by a higher cost of living, so do your research.

Good luck,

Tom

Russell Brazil · Answer

I live in the DC area, and certainly having a median home price of $500k makes it a lot easier to make a very nice living here as an agent.

However as an agent your income should always be proportional to where you live. Sure I make a lot more here than you do in Vermont, but I also pay a lot more to live here. I guess the benefits come in more money to spend on travel, cars etc.

Chris T. · Answer

more $$, more competition as well.

But like almost everything else, it's the 80/20 rule. 80% of the business are done by 20% of the top producers.

Brian Phelt · Answer

Devin,

San Antonio is a great market but like anywhere it depends on how much you hustle and what your focus is.   We are pretty well insulated from big swings in the market that are seen elsewhere in the US when things go south.   The steady growth of new jobs and the military bases keep us pretty busy these days.

Wishing you the best if you decide to make the move.

more money in the bigger cities as a REALTOR?

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