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Is it possible to retire from real estate?

Reblogger Praful Thakkar
Real Estate Agent with LAER Realty Partners

I never thought I'd retire from Real Estate. The reason? Just assumed that we do not have any retirement age in our industry. I have seen 18 year old working as well as 90 year old, too!

This re-blog is about retirement(?) of Margaret Woda . Is she retiring? Really?

Original content by Margaret Woda

It's been a long time coming, but my husband and I decided last September to leave the community where we had lived for 43 years and move to "lower slower" Delaware. We contracted on a new home to be built in September, put our Crofton home on the market the day after Christmas, and moved into our beautiful new Plantation Lakes home in March.

I made a decision, at least for now, to not get a Delaware real estate license and have to learn new state laws and new forms, but to enjoy walks on nearby beaches, to play the piano again, and to finally try out those new golf clubs I purchased a few years ago. If any repeat and referral business should happen to come my way, I would take care of it - perhaps with some assistance from my Long & Foster colleagues in Crofton - at least until my license expires again in August 2016.

 

Funny thing... my Maryland real estate business absolutely exploded with new listings that have sold quickly, repeat clients that have purchased homes or are planning to this Spring or Summer and even new clients coming out of the woodwork after reading my old blog posts. As a result, I'm now commuting two hours each way nearly every day to maintain my real estate business in Crofton and other communities on the Western Shore of the Chesapeake Bay.

I guess this could have been expected... When you're in real estate for 42 years, you're gonna have repeat, referral, and even new business, right? All this has certainly been good for my ego and self-confidence, not to mention the shopping list for my new home, and I'm actually enjoying the drive. 

 

Is it possible to retire from real estate? For me, the answer apparently is "not yet" - so don't overlook me for referrals in Maryland just because I live in Delaware!


Margaret Woda

Margaret Woda - Real Estate The Woda Way

 

As a licensed Associate Broker in the D.C. - Baltimore - Annapolis area, I specialize in Anne Arundel and nearby Prince George's Counties, Maryland, including Fort Meade, Joint Base Andrews, and the U.S. Naval Academy. If you enjoyed reading this post and want to learn more about Real Estate the Woda Way, please visit my website at Margaret Woda.com or contact me today.

 

Margaret Woda, Long & Foster Real Estate, Inc. (410)451-6245|MWoda@mris.com

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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Praful, I always ask myself this question. 

May 16, 2015 09:37 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I can see it could be possible, but I will dable for as longas I can I do believe.

May 16, 2015 12:40 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

I do not think I will retire. I will slow down. When you retire, you die -- Unless you replace the activity.

May 16, 2015 06:31 PM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Praful - thank so much for reblogging.    I didn't think Margaret could retire!

May 16, 2015 09:12 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Praful - Real Estate is like other businesses where you are self employed.  You retire if and when you want.

May 17, 2015 05:01 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by at this re-blog. Appreciate it.

May 18, 2015 03:55 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

If I ask the same question to me - my answer will be 'NO'!

May 18, 2015 03:55 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Yes, Grant Schneider - this is the luxury of our business. We can retire at any time.

May 18, 2015 03:55 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

(or even do not need to!( I know one 90 year old real estate agent who drives his car around!)

May 18, 2015 03:56 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Michael Thornton - profound words - when you retire - you die! 

May 18, 2015 03:57 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Slowing down surely works! After all, it's the body that can't take much.

May 18, 2015 03:57 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Dagny Eason - this is a great re-blog from Margaret Woda .

May 18, 2015 03:58 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And perhaps, many of us will NOT retire, I think.

May 18, 2015 03:58 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Frank Rubi, MBA - until now, I have avoided this question.

May 18, 2015 03:58 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And now, at this age, I think, I should at least ask myself this question.

May 18, 2015 03:59 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

William Feela - which is perfect. Luckily, there is no age-limit for our business.

May 18, 2015 03:59 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

(Or age-limit for working in our field of expertise.)

What matters is - how much we care for our clients.

May 18, 2015 04:00 PM
Claude Labbe
RLAH / @properties - Washington, DC
Realty for Your Busy Life

Great story.

In my case, I think marital stability will dictate that I not retire.  I've seen the havoc on Mom when Dad tried to retire, and finally, he got back into working. (prop mgmt).

So, I may as well throw in the towel and presume I'll keep on going until I'm not going.

May 26, 2015 02:41 PM