Hello ActiveRain Members,

 It has been a very long time since I came to visit my old friends.  A lot of things have been happening and I wish it was because I was so busy with helping people buy and sell real estate. 

It has been a rough year here in Tucson for Realtors, and Mortgage Lenders alike.   I started my licensing courses this same time last year.  Eager to save the first time home buyers from making huge mistakes in their home purchasing, I knew I wouldn't fail as a Real Estate Agent.  I was friendly, likable, and I thought, pretty darn smart.  I signed up as a team member to two very successful realtors who wanted to help me get my business started.  Little did I see that one wanted to make me an assistant, one wanted to make me a partner.  The conflict soon got the best of me, and I went out to venture on my own.

I was so scared and nervous, I wasn't supposed to be doing it solo yet.  What, 90 hours and I am supposed to be a pro at this and have all the answers?  I had a great brokerage who was handing me clients once a week. For some strange reason though, I couldn't convince them to buy what was available, or they were SO excited about the property we just saw, but couldn't find financing.  I thought it was my closing skills, or my image, or (heaven forbid) my skill level. 

So, I went to my broker, and wanted more training. I took class after class, took my first listing and realized how much EASIER at the time the listing was.  That is....until it didn't sell.  

I watched as my mentors started bailing out of Real Estate.  These were very good agents who just hadn't seen the turn in the market that came so fast.  Those who were wise and saved their money two years ago, found that this was their "rainy day".  Those who were foolish, were kicking themselves for the situation.  I supposed those who survive are the agents who understand that real estate always has ups and downs, just like any market or stock.    

Buyer after buyer changed their minds or the home they needed to sell to move on just sat on the market, until the price was lower than what they owed.  I have seen some subdivisions loose as much as 40,000 in price here in Tucson.  I am sure that is nothing compared to other parts of the country, but we were supposed to be the "good" market. We didn't have many employers pulling out, our economy seemed to be doing fine.

Is there any other way through real estate besides the school of hard knocks?   I did have one closing this year, a painful ordeal because the seller really couldn't part with the house, but was too cheap to just try and get out the contract.  So he made our life miserable even until the day AFTER signing when he wouldn't hand over the keys and was threatening us.  (Another Blog, perhaps) 

So I have been a lost ship for the past few months, not wanted to keep pushing at something that wasn't working for me, yet not wanting to give up on my dream.  I took a second full time job for 6 weeks, thinking the paychecks would make the difference.  It didn't, I realized all I wanted to do was work real estate, while I sat there trying to help production levels for an ebay store.  I hated every minute and the employer and I both agreed it wasn't for me and we parted ways.  I left that day thinking that this was my second chance, my breath of fresh air, to jump back in the market in Tucson, no matter how stormy it was.  That is, until my husband came home and said we were getting detailed to New Mexico for a year.  

I am leaving the Tucson market, but as soon as I can get my New Mexico Associate Broker license I will be hitting the streets in Roswell, NM and the surrounding areas.  I will be there a year, but it could be extended farther than that.  The wonderful thing about being an agent, is that you can be an agent anywhere.  I am back to Active Rain, blogging about my thoughts and experiences, but it will be new experiences and insights as I explore the areas of New Mexico.  

 

Thank you EVERYONE to missed me while I have been gone.  I appreciate especially Mike Jones in Tucson trying to spur me into writing another post.  I know this blog doesn't have a lot of pictures and flashes, and too many words, but sometimes words are all you need.  

 

Take care,

 

Lexa 

 

 

9 Comments on The Return, Farewell and Planned Return...

NOV
13
2007
277,221 Points 3 Featured Posts Localism Sponsor Outside Blog

Lexa, good luck in New Mexico.  This has been a hard season for new agents to get started.  If you can succeed now, you will be successful under any conditions.

P.S. - hope you don't run into any UFOs in Roswell -   ;o)

9:25am • #1
212,894 Points 39 Featured Posts Outside Blog
Lexa - it can happen! My uncle, who recently passed at I believe 94 years of age, started selling card AND real estate during the Great Depression! Can you imagine? He didn't sell many but he sold enough to keep his family going. So to you I say, YES YOU CAN!  I had a junior partner in a commercial funding enterprise a few years ago who listened to me day after day saying "Hard Work and Persistence Always Pays Off". He stopped me in his office one day and said, "Ken, I hear you always talking about hard work and persistence but I tell you I am working smarter not harder." Well, I suppose he has been enjoying his new career as a tax reviewer. Somewhere along the line someone thought "work smarter, not harder" meant to not work hard. I have the feeling you are fully capable of doing both so once again to you YES YOU CAN!
9:39am • #2
2 Featured Posts

Brian, I was really scared that that was all there was about Roswell.  I took a trip there this weekend.  I did run into a UFO, I will post pictures when I get there in Dec.  There is SO much more to that town than the Television would show you :)

 

Ken, I sincerely believe in that.  Only when I was putting full effort into real estate was I showing any results.  I just got really burned and gave up for a few months.  I am really excited to jump back in now though.

 

Thanks for the comments! 

9:46am • #3

Lexa,

I was not around Active Rain when you were here before but I can certainly appreciate your blog. I am not an agent/broker but work in the RE support industry and have seen what you have described in many states. Here is what I have observed.....it is the agents that have a 'passion' for Real Estate (and you do) that succeed. This market is a mindset and agents have to decide how to perceive it. The media does not help but there are bright spots if you look for them. I still work with agents who have 4 closings a month and what I see in them versus those who are floundering is the way they view these times. They keep a positive attitude, they truly love what they do and the see positives in everything! You have that passion and you KNOW this industry is for you. You will succeed! Keep the faith and remember.....what you expect, good or bad, is always what you will get!

 

9:46am • #4
531,648 Points 52 Featured Posts Localism Sponsor Outside Blog
Lexa:  I am so sad to hear about your recent experiences!  I wish you the best in NM to turn this ship around!  You can do it girl!  Right now the BPOs and Rentals are bringing in the steady cash flow but after a couple of months of doing BPOs it gets so monotonous!
9:58am • #5
112,104 Points 1 Featured Post
Good luck and hang in there. If you have to work at something else part of the time until the market changes do it, things WILL change and get better. That said- RE is a tough way to go if you really need the money, especially if you are raising children. Our solution was to get into property management- it gives us a steady income which pays the bills, the sales are the bonuses. And it gives us a niche that not everyone else is competing for. Find your niche.
12:06pm • #6
421,947 Points 48 Featured Posts Localism Sponsor Outside Blog

Lexa, my friend, I'm sure at 10:00 p.m. that this is why you called today.  When people comment about a reversal, the first thing I think to myself (I who have been a millionaire and who have also been dead bankrupt) is that God has a plan for you and your husband (please extend him our thanks for his service) and that you will thrive in your new home.  God bless you, your husband, and your beautiful children.  Please email or snail mail your new address, and don't lose my cell number.

Much Success,
Mike in Tucson

11:05pm • #7
1 Featured Post
Lexa, I loved your honesty!  I actually took a part-time job as well ~ and quit, as well.  I knew, too, my heart was to do Real Estate and I wasn't ready to give up either.  So I'm with you on this one!  It'll happen, it will.  Good luck to you!
11:12pm • #8
NOV
16
2007

...so glad to see you back Lexa, I've been watching for a post for a while now. Good luck in New Mexico and stay with your passion. I've met you and I thought you were very sincere and "real" - and it's obvious that you care about people.  I have complete and utter faith in you.

Nancy

10:18pm • #9

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Lexa Montierth

Benson, AZ

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Currently Inactive

Office Phone: (520) 405-2857

Cell Phone: (520) 405-2857

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I'm not out to change the world of blogging, nor do I feel like I have some earth shattering discovery. I am blogging for history, for information, for help, and to help others. I blog to advertise, I blog to find advertisements. Real Estate is all about Networking, and I am proud to be a part of this community!


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