Market Conditions in 28713>Question Details

Angela,  in

I am just getting into real estate as a seller I have heard the market is real bad right now.

Asked by Angela, Thu Oct 4, 2007

Is it worth my money to get into the business right now??

Help the community by answering this question:


I believe you are looking to sell your property and not work as a Real Estate professional. No, it is not a bad time to sell your property. It is a buyers market and people are buying everywhere. It is all going to boil down to your price. If you are looking to sell your property in order to maximize profit, then expect an extended listing period. However, if you in fact are wanting to sell your property, then realize large gains should not be expected. Consult your local Realtor for a Comparable Market Analysis. Best of luck!~Katherine Trousdale-NC
0 votes Thank Flag Link Mon Feb 7, 2011
It takes time. Get / define your circle of influence. Just like starting a business, it usually takes 1 .5 to 2 yrs to really start making money. Get some additional income going so you do not worry yourself instead of working the leads.
Web Reference:
0 votes Thank Flag Link Thu Oct 4, 2007
Angela, When you become a licensee you become a salesperson. Most Realtor/Agents never acknowledge this. They think they magically become a "professional". A professional what? I consider myself a very smart, savvy salesperson who, for the past 28 years, has constantly strived to improve my "sales" skills. I realize in order to be successful I must generate leads, nuture these leads, convert these leads and close escrows. No one will pay you a salary to learn this. The great coompanies will recognize something in you and dedicate their time and space while providing an envirenment and support plus education to give you an advanage over the competition. The market we currently reside is a great market to increase market share as we have many "abandoned" Buyers and Sellers whose agents have left the business. They left because they were NEVER salespeople. The market now demands discipline and structured lead generation, with emphasis on scripts, dialogues, and firm presentation skills. If you have sales skills or desire to learn these skills then by all means come on in, The Water's Just Fine!
0 votes Thank Flag Link Thu Oct 4, 2007
Absolutely it is a great time to get into the market. You will learn to work the basics and not just be an order taker.
It will take committment, dedication and persistance.
0 votes Thank Flag Link Thu Oct 4, 2007
Pam Winterba…, Real Estate Pro in Danville, VA
The market is awesome right now. I can';t imagine a better time to be in the business. There are so many great deals to be done. Keep your head up and qualify your buyers a little better....
0 votes Thank Flag Link Thu Oct 4, 2007
I agree with Deb, it takes commitement!
I am in my 2nd year and learn something new everyday.

Full time, dedicated Real Estate Professionals will tell you that there is no time-clock for the ones who take it seriously; especially when you are new to the industry. You have to be prepared to up and go at any given time and that was a struggle during my first year because I have 2 elementary students and a husband who works 2nd shift. I did the best I could and then put my oldest into a babysitting course; that was the only way I could assure myself that I was covering the bases that could make or break my success.

I don't feel it takes a great deal of money to get started; a good reputation and a gift for gab can do wonders for a new agent. If you have a fear of striking up conversations with complete strangers ... use your friends and family members (if they know the people you want to meet), it's okay to let someone else do the introductions but you need to be prepared to take it from there. Over time you will get more comfortable and begin striking up those conversations on your own without any mediation. Oh and don't be embarassed if you make a mistake and don't apologize for them; every single agent was new at one time!

Get involved with local organizations; for me I focus on giving!
Pumpkins for Halloween, Toys For Tots for Christmas etc..., be creative, talk about your career (you love it right?) and keep a Rookie Journal. If you live in an area that is not doing well you should view it as a chance to get your feet wet = when it picks back up you will be confident to jump in!

I could go on-and-on but hope this helps with your decision.
Good Luck!
0 votes Thank Flag Link Thu Oct 4, 2007
Working in this business takes commitment and perseverence when the market is good. In many areas, it is a tough market right now.

The odds in this business are always slim for true success That does not mean you should not pursue it. But, you should look into gaining a true understanding of what the work week of a full time dedciated agent entails and determine if you are willing to chart that course. Most people grossly underestimate the time, energey and monetary commitments, while grossly overestimating the income.

Again, it does not mean you should not pursue it. Go meet a handful of brokers in thier offices and gain some insight into the buisness and your local market. It could be this is a perfect fit for you.

Good Luck
0 votes Thank Flag Link Thu Oct 4, 2007
Deborah Madey, Real Estate Pro in Brick, NJ
It depends on how much money you have. If you need income and think you are going to work with a large retail firm I would probably hold off.
0 votes Thank Flag Link Thu Oct 4, 2007
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