By Scott Newman
So you’ve made it through the worst of the real estate bubble, you’ve developed a nice client base, and you’re taking over the entire industry – great! If that’s the case, then this blog isn’t for you.
Instead, this blog focuses on what we as veterans of the industry can share with the newbies to shorten the learning curve and help create another reputable professional who gives our industry a good name.
The following are my top three “I wish I knew that when I first started” tips to make your transition into a real estate career as painless as possible.
1. Simple Math
So many real estate agents come into this business thinking of the riches they’ll make selling homes for a living. Many even come up with lofty goals for themselves, “I’m going to make $200,000 my first year in the business.” Does that sound familiar?
Well, the problem is that most agents don’t stop and break down the math behind creating that kind of volume. They end up focusing on the big picture when it’s the attention to the little details that will create the success they desire.
For example, let’s say you’re new to the business and don’t know a lot of people, and that the average home price in your area is $200,000. Simple math tells us that you will make $3,500 per transaction at that price, assuming you have a 70/30 split. At $3,500 per deal, you’d need to complete 58 transactions a year to make your $200,000 – that’s more than one house a week, which is a large volume even for a veteran real estate pro. Continue reading »
By Brooke Wolford
I recently received a really negative comment on one of my YPN Lounge posts. When I first received word of the comment, I was really taken aback. It seemed as if the person who commented had some personal issue with me. I was honestly very offended.
I debated over the weekend whether or not to address the individual who wrote the comment. Being the person that I am, I would normally address the person directly, in a professional manner. I could explain that I understood this reader’s opinion and not everyone feels the same way about this topic.
I never expect that everyone is going to like what I write or that they even understand where I am coming from. I completely understand that things of this nature could and will happen.
If I could give any advice to those of you who have a blog, I would say allow the comment to be published and address the comment directly on the post. I think this will show your readers that you have some class and that you can be professional when dealing with less-than-pleasant people or those who simply disagree with you.
Don’t get offended by how others feel. You can’t force anyone to understand your perspectives or opinions. Cherish the fact that what you have written has caused someone to be passionate enough about it to debate the issue.
Brooke Wolford is a real estate practitioner with Coldwell Banker Burnet in Woodbury, Minn. Follow her blog at adventuresinrookierealestate.com.