SWOT Analysis for Real Estate Skills: Strategies for Success

RES497 Week 2 Assignment 1 S.W.O.T. Analysis [WLOs: 1, 2, 3] [CLOs: 1, 2, 3, 4, 5] Prior to beginning work on this assignment, read the article SWOT Analysis Links to an external site. – Definition, Advantages and Limitations. Prepare a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of your personal and professional skills relating to the real estate industry. Discuss how you can leverage your strengths to create a personal competitive advantage in a real estate business. Also, analyze how you will address your weaknesses and any threats you identify, as well as discuss how you will harness available opportunities. Your SWOT analysis must be four to five pages (not including title and reference pages) and must be formatted according to APA style as outlined in the approved APA Style Links to an external site. guide. You must cite at least two scholarly sources in addition to your textbook. The S.W.O.T. Analysis paper  must be four double-spaced pages in length (not including title and references page) and formatted according to APA Style Links to an external site. as outlined in the Writing Center’s APA Formatting for Microsoft Word Links to an external site. resource.  must include a separate title page with the following in title case: o title of paper in bold font  Space should appear between the title and the rest of the information on the title page. o student’s name o name of institution (The University of Arizona Global Campus) o course name and number o instructor’s name o due date

RES497 Week 2 Assignment 2  must utilize academic voice. See the Academic Voice Links to an external site. resource for additional guidance.  must include an introduction and conclusion paragraph. o Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper. o For assistance on writing Introductions & Conclusions Links to an external site. and Writing a Thesis Statement Links to an external site. , refer to the Writing Center resources.  must use at least two scholarly, credible sources in addition to the course text. o The Scholarly, Peer-Reviewed, and Other Credible Sources Links to an external site. table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source. o To assist you in completing the research required for this assignment, view this Quick and Easy Library Research Links to an external site. tutorial, which introduces the University of Arizona Global Campus Library and the research process, and provides some library search tips.  must document any information used from sources in APA Style as outlined in the Writing Center’s APA: Citing Within Your Paper Links to an external site. guide.  Links to an external site. must include a separate references page that is formatted according to APA Style as outlined in the Writing Center. See the APA: Formatting Your References List Links to an external site. resource in the Writing Center for specifications. Carefully review the Grading Rubric Links to an external site. for the criteria that will be used to evaluate your assignment

RES497 Week 2 Assignment 3 RES497 Week 2 Assignment Student’s name Course and number Institution’s name

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RES497 Week 2 Assignment 4 Instructor’s name Date submitted Introduction SWOT analysis is an evaluation of the strengths, weaknesses, opportunities, and threats of a potential investment . This will help in making informed decisions based on a clear understanding of the market and property. Identify potential risks and take proactive measures to mitigate them. Capitalize on market trends and maximize the returns. The main purpose of a SWOT analysis is to provide an overview of how the industry is performing at that particular time. When a company can point out its strengths and weaknesses that are brought out through internal factors, it can be in a better position to improve on the strengths and moderate the weaknesses. On the other hand, when the company can identify its opportunities and threats which are accredited to external factors, it can be able to bring out the best from the opportunities while equivocating the threats. In my personal and professional opinion here is how I would conduct a SWOT analysis in the real estate industry .

RES497 Week 2 Assignment 5 Strengths The excellent strength I would identify myself with is communication either in written or verbal form. This has been tested and proven a couple of times when holding marketing seminars and forums to which I was appointed the moderator for the event. This powerful skill has enabled me to have an easy time while making formal communication with my clients in property evaluation, and this has enabled the company and its customers to improve their relationship (Publishing, 2019). I also believe that I have a wide market knowledge because I have been in this industry for quite some time and have created avenues with potential buyers that when they need or have someone who wants to buy a property either contact or refer the person to me for further discussions.

RES497 Week 2 Assignment 6

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RES497 Week 2 Assignment 7 In any industry that has its goals of profit-making, I believe the most important part of their customers. Same case with me I have a strong attachment to customer satisfaction, this is achieved when you are of services to a client and they end up appreciating without necessarily getting feedback from them. I also possess strong skills in analysis as I have the experience developed from this exposure and can help the industry in analyzing its market, property valuation for the clients, and creation of financial statements that are necessary for making informed decisions for a company after evaluating its financial health. The analysis process is also essential when engaging the clients on the best property to either purchase or lease depending on their financial muscles.

RES497 Week 2 Assignment 8 Weaknesses The weakness that I believe will never be alleviated from me is multitasking, in most instances, I’m unable to handle two tasks at once which sometimes becomes one of my strengths as handling different tasks at the same time sometimes can prove to be challenging and could yield to unwanted results. Believing in completing one task after another is what I believe in especially when handling real estate projects it wouldn’t play out well when you have different tasks from different departments that are pending for you to complete. As much as I mentioned earlier regarding the experience I have gained when you assess the real estate industry it has so many fields and more complex events that I haven’t ventured into. So I would still consider my limited knowledge as part of my weaknesses because when faced with a task involving complex dealing it would be impossible for me to handle at the moment, though still learning. The business transactions involving the real estate industry can sometimes be time-consuming and for this reason, impatient people get worked up as they consider themselves failures, this has also been the case for me and patience has been one of the most annoying weaknesses. Opportunities The opportunities that are accompanied by the real estate industry include market growth, the industry is at a point of its peak due to the different developmental, innovative programs that are upcoming (Mourouzi-Sivitanidou, 2020). This kind of growth can help me in the establishment of my career as there are equal opportunities that are aligned with it. There are also various courses to undertake and receive the necessary certification that will

RES497 Week 2 Assignment 9 equip me with the required knowledge which is sufficient to obtain a job in this industry at any given point. The industry comes with different educational opportunities for me. As the market grows it also diversifies the distinctive areas of specialization which include real estate property management, and real estate development. The industry, for instance, property management has opportunities for individuals across the world due to its flexibility where the employees can work remotely and assist in the management. The market base has also changed from just being locally available to being internationally accessible. Threats As the industry is growing many challenges have accrued to it such as an increase in fraud, for this reason, the government through protecting its citizens will need to tighten the regulations to eliminate the fraudsters in the field. When this is happening the industry at large will be affected by these policies. The government will also take advantage of its growth to introduce more taxes within the industry and this might have effects on the business. During economic downtime for instance during the pandemic period, the industry is affected as very few investment opportunities will occur and the valuation of the property will be downgraded due to lack of customers. The industry is also in possession of highly experienced personnel that I cannot match their qualification and this stiff competition can be a threat as most companies will consider the people with experience first. In the process of leveraging my strengths, building a good relationship with my clients through my communication skills will assist me in getting more clients through referrals as the clients will gain the needed confidence in me. Through the market knowledge that I will

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RES497 Week 2 Assignment 10 possess, it will be possible for the community to view me as their real estate consultant which will elevate me to give people the information they may need before making their decisions. The industry is large so having a good relationship with your colleagues is important as it will help build a network that supports what you do (Conducting a SWOT Analysis 2021). When addressing the weakness, the limited knowledge that I have will be solved through exposure which is found by integrating with knowledgeable individuals who are willing to help you learn. Patience is virtual, and this will guide me into waiting for those transactions to go through no matter how much time they take. This will help me keep calm through the negotiation plans through to the financial transaction phase. When harnessing the opportunities, with the latest trend in the real estate industry, it is easy to keep track of all the trends that assists you to become a better professional in the industry as you will stay informed. Education is important and in this case, enrolling in classes that will and you more skills and experience is decisive. Conclusion When an individual is interested in forming a reasonable lead from other professionals in the real estate industry, it becomes easier to measure the methods that influence the strengths, address the weaknesses, connect the opportunities, and mitigate the threats involved. When individual maximizes their strengths, they are sure to build a good footing professionally in the real estate industry as they can access all the skills and experience required. At the same time, the individual can address their weaknesses and turn some into their strengths which becomes an advantage. When opportunities are available such as the available market for the skills and experience seizing it will be the best advice.

RES497 Week 2 Assignment 11 Reference Conducting a SWOT Analysis. (2021). Germany: LinkedIn. Mourouzi-Sivitanidou, R. (2020). Market Analysis for Real Estate. United Kingdom: Routledge. Publishing, D. A. (2019). SWOT Analysis of a Person: Notebook for Assessing a Person's Strengths, Weaknesses, Opportunities, and Threats. (n.p.): Independently Published.

RES497 Week 2 Assignment 12

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