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Is This A Good Time To Try Real Estate

 

 

A caller after my radio wanted to know

'Is this a good time to try real estate?'

 

He said he had a license about ten years ago and now, unemployed, he's thinking about getting back into the business. 

There were a couple of questions for him.

How did you do back in 2009?

He said he was doing it part-time, but he loved going into houses. 

My response:

If you have the passion, the fire in the belly and the drive to learn to work hard...it is always a good time to get into real estate!

 

Fire in the belly Margaret rome

 

 

Do you have some funds saved to live on for the first year?

You probably already know that answer.

 

My response:

 Working another job does not allow you to take classes, go to seminars, learn how to blog, shadow another successful agent, advertise, or be available for taking care of your buyers and sellers. 

If you are just 'trying' real estate, it is never a good time!

There is only one person that can make it happen. You!

 

How would you answer?

Is this a good time to "try" real estate?

 

Margaet Rome 410-530-2400

 

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mrome@HomeRome.com

410.530.2400

 

 
Comment balloon 31 commentsMargaret Rome, Baltimore Maryland • September 04 2019 03:03AM

Comments

I like your "Fire in the belly" response, Margaret!  I remember when I was first licensed in 1981, I had a huge fire in the belly, and the most uncanny luck! Together they jumpstarted my career!

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) about 2 months ago

Morning Margaret.

The fire was there when I started in 2008, funny thing it is getting stronger and burning brighter each year. 

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) about 2 months ago

Good morning Margaret. The only way to get into real estate is to jump in the water and either sink or swim. Either way you find out if it is for you. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 2 months ago

Hi Margaret... I hate that concept of people "trying real estate." Do people try law, medicine, etc? What we do is just as impactful and consequential to people's lives. Interestingly, I never hear someone saying "I'm becoming a real estate broker." They always say "I'm going to try real estate." I never hear anyone say "they are going to try medicine." They say they are going to be a doctor.

If you are just 'trying' real estate, it is never a good time!

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) about 2 months ago

Myrl Jeffcoat You and me both. The fire in the belly was there. Everyone else said: she is really lucky.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

James Dray Amazing how that fire is still burning. Congratulations.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

Wayne Martin Jump in, sink or swim. So true.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

Nina Hollander

 You so got my point of this post!!!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

Hello Margaret - I agree with Nina Hollander .  Although it is often called a "practice" there is something about "trying" real estate that would prompt me to ask more questions.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 2 months ago

Michael Jacobs  They also call it practicing medicine... ouch!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

Hello Margaret Rome, Baltimore Maryland oh this is my pet peeve!!! I used to interview a lot of agents and when I heard those words - I thought I'd give real estate a 'try', I'd know right then and there....trying doesn't cut it. You have to really be passionate about diving in and learning all you can and putting in your time and hours until the plane gets off the ground.....and then keep going even more.... But of course I'm speaking to the choir here!!

Posted by Anna Banana Kruchten - Phoenix Homes Sales, 603-380-4886 (Phoenix Property Shoppe) about 2 months ago

I would have answered the same way you did, Margaret. There's no a "little bit pregnant."  And there's no, a " little bit real estate agent." You are fully committed and passionate about it, or not.

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORS® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) about 2 months ago

Hi Margaret- your answer was a good one. You can't get into real estate as a stop-gap until you find something else. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) about 2 months ago

Anna Banana Kruchten CRB, CRS 602-380-4886 I can almost hear and see you responding, in an interview, to that kind of answer!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

Debb Janes EcoBroker and Bernie Stea JD Yep just a little bit...

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

Kathy Streib But so many do. Look at the huge numbers who take the course and never follow through.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 2 months ago

                                 \            

                                   Thank you, Margaret!

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) about 2 months ago

Good mornng, Margaret Rome, Baltimore Maryland it's always a good time to "attack full force" what you need to learn and exercise in the real estate business.... tip toeing doesn't work well in our industry.... you'll be stomped on...

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) about 1 month ago

No doubt, no business is available on a trial basis.  You have to assess the entire picture and 'go all the way' in order to make it work. Thanks, Margaret.

Posted by John Henry, Residential Architect, Luxury Custom Home Design (John Henry Masterworks Design International, Inc.) about 1 month ago

Good afternoon Margaret Rome, Baltimore Maryland - this is sage advice for anyone wanting to go into your own business.  You need to be all in--time and investment.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 1 month ago

Margaret:

“Trying” real estate sounds like someone who might not be serious and willing to commit to all that needs to be done to succeed. I think your advice and questions were spot on!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) about 1 month ago

I've been a real estate broker now for 10 years and in the business for 13. It was never about "trying", it was always "how can I become more successful." And the more I work at it, the more successfull I have become. And going into it when you are unemployed and not getting regular money in? That will lead to desparation and probably some bad decisions to get a commission. As a broker, I would never "hire" someone in that position.

Posted by Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea about 1 month ago

Barbara Todaro Good comment...'Tip toeing does not work.."

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

 

Thank you John Henry 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

Grant Schneider I agree. You need to be all in for both time and investment.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

Jeff Dowler, CRS With anything in life...to succeed there must be commitment. 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

 

Hella M. Rothwell, Broker/Realtor®  So very true... And the more I work at it, the more successful I have become.

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

I can see why Kathy chose to highlight your post this week!  

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 1 month ago

Thanks Kristin Johnston - REALTOR® 

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

Most new agents that I see come into the business usually don't last past 18 months if they are just part time.  It has been my observation that new agents who can last 5 years are probably going to make it a career. 

Posted by Alan Brown, 29 Years of Real Estate Experience . (Coldwell Banker Montrose Colorado) about 1 month ago

Alan Brown Good observation!

Posted by Margaret Rome, Baltimore Maryland, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) about 1 month ago

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