Here's a breakdown: Market Analysis: Begin by studying the current market conditions in your target area. This includes factors such as supply and demand, inventory levels, average days on market, and median home prices. Analyzing these metrics provides insight into the overall health and trends of the market. Local Factors: Real estate markets are highly localized, so it's crucial to understand the...
Here are some key aspects to consider: Competitor Analysis: Conduct a thorough analysis of your competitors, including their business models, target markets, strengths, weaknesses, and market share. Identify both direct competitors (those offering similar services in the same market segment) and indirect competitors (those offering alternative solutions or targeting similar customer needs). Market...
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