There are a lot of people in the real estate and mortgage field, like myself, who have felt the effects of the current market conditions and lost a lot of business. I just read an article in the San Jose Mercury News (4/15/08 Business) about a poll that the Associated Press-AOL Money and Finance did on the sagging real estate market. According to the poll, 60% of people polled said they definitely would not buy a home in the next 2 years (up from 53% from the same poll in Sept 06). Only 11 percent said they are certain or very likely to buy a house soon (down from 15% two years ago). And with the increasing qualifications to get a mortgage or refinance, it's difficult to do loans compared to a few years ago.
Have you lost business and income because of the current real estate market? I definitely did and I had to look for other sources of income. I found a great business that is a lot of fun, has a high paying compensation plan and great tax benefits too. There are also other benefits offered that I never had as a Realtor, such as company paid guaranteed issue health insurance, life insurance and a stock option plan. This can really help anyone who is looking for another source of income and a great benefits plan.
In my experience, I have found that many real estate and mortgage professionals are savvy entrepreneurial minded people who are skilled at being self-employed and working on commission. If this describes you, then send me a message for more information. Take a look at it and decide for yourself if this is right for you.
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