Lesson: longer you are invested better will be the return; no room for quick money, in general. And for the speculators, do not go for the forecasts. Buyers do not like homes that need repair works and so they may reject the same. Sure it is time to enter the market when it is low but if the turn around time is predictable or if you can wait for longish periods. Investment in ghettoes and burglary ridden areas can hardly allow for correction too, for small investors. You can’t enquire and cross check this beyond a certain point and will decide to by gut feeling alone. Legal issues, unpaid mortgages and bills, liens, liabilities etc count within this. So having a fair idea of pitfalls in the professions goes a long way in saving your skin in crucial moments. Making quick money is something that takes a lot of preparation before investment, when you are still invested and when selling or closing the deal. This will be advantageous to him for his future as he will not remain an agent forever. A slight mistake in prediction or a change in the legislation concerning real estate property or tourism or industry sector has the potential to turn over the whole real estate economy on its head resulting in wiping out of your capital too.* Improvement of the locality will in turn increase the value of the property overtime. Another common problem both for brokers as well as sellers is delayed or non-receipt of payments. To a business man the agent must convince him about

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