March 16th, 2023

Why Real Estate Takes More Than Luck

Real estate is often perceived as depending on luck. But that’s not exactly true. While luck may play a role in certain aspects of the real estate process, such as the timing of a purchase or sale, success in real estate is mostly the result of hard work, strategic planning, experience and knowledge. That’s what Goodchild Realty Services brings to the table.

Understand Market Trends

To be successful in real estate, it is important to have a deep understanding of the market and to be able to predict its trends. This requires continuous education, research, and analysis. Additionally, having strong negotiation skills, effective communication, and the ability to build relationships with clients, agents, and other industry professionals is crucial. Not only does there have to be a deep understanding of the local market, demographics, and current conditions including supply and demand, mortgage rates, and economic indicators, but there must also be knowledge about the competition and local and national market trends, on top of negotiation and communication skills. This helps us make informed decisions, respond to market changes, and build positive relationships with clients and industry professionals.

Awareness of Financial Stability

Another key aspect of success in real estate is effective financial management. This includes a solid understanding of budget, risk, and industry regulations. Having a sound financial plan in place can help real estate professionals stay on track and make informed investment decisions with you. 

So although luck may have a small role in real estate, success in the industry is primarily the result of the skills a real estate professional develops over time and experience. With my passion for real estate and willingness to put in the time and effort to learn and grow, I can be a valuable asset to you and your real estate dreams. Call me at 780-819-0978 to start your journey today. Happy St. Patrick's Day!

Goodchild Realty


With over 20 years of experience, Goodchild Realty Services is a member of Royal LePage: Canada's real estate company. Contact us today to learn more.

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P: 780.819.0978

david@goodchildproperties.com

#300, 85 Cranford Way

Sherwood Park AB, T8H 0H9