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Is real estate your life...or do you have one?

By
Real Estate Broker/Owner with Fathom Realty Colorado

Is real estate your life?  Do you sign listings at 8pm, hold open houses every Sunday afternoon, jump in the car and rush to show a buyer your listings at the drop of a hat?  Is real estate your life, or do you have a life?  My intent isn't to offend, though I'm sure some will be offended.  I was reading a blog on our local newspaper forum, and a local real estate agent/broker posted this comment:

"Agents who turn OFF their phone on holidays and evenings will not last in coming years."

I find this sad, but I think he may be in the majority.  I'm amazed at how many area agents seem to work...whenever.  Another agent on the forum mentioned how she often has tickets to a play, sporting event, or concert and has the tickets go to waste as she needs to present an offer. 

Real estate doesn't have to be your life.  I believe it should be the avenue to funding the life you want.  Gary Keller is big on finding your "Big Why."  Why do you do what you do?  Everybody has different answers, and every answer is "right."  In the classes I've taught and panels I've moderated, I've yet to hear an answer for the "Big Why" be:

"I'm in real estate because I'm lonely at night and want to work instead of be at home.  I hate weekends, so I figure if I work them they won't be special at all.  My time means nothing to me, so if I'm always at the beck and call of my phone, I won't really have any personal time at all.  Besides, I spend too much time with my kids anyway."

Real estate, as any "self-employed" position, can make it very tempting to simply always be on the clock. If you don't have set boundaries, hours that you will and will not work, methods in which to pre-qual a sign call, what's keeping you from working 60 hr weeks?  Maybe you like doing that, that's fine.  I know far more agents who complain about not having time to themselves than I know agents who love working all hours.

 If you don't know how to say no, if you haven't found your cell phone's off button yet, if checking your email is like nicotine, you may need help.  Keller Williams isn't the answer for everybody.  Our model won't work for every agent, and not every agent is a good match for us.  But we do operate under the philosophy that real estate should give you a life, not be your life.  We want you to own a business, not have a job as a door opener.  KW's "Quantum Leap" is a fantastic 2 day seminar giving real tips and models and dialogues that will allow you to prioritize your life and your business.  It's not a sales pitch, there's nothing to buy, just an effort by an owner who cares to make sure his company's agents are balanced, contributing citizens. 

If you are a KW agent, make sure you attend the Quantum Leap in your area.  If you're not with KW, find a KW agent whom you like/trust and ask them when/where QL will be in your area.  It's 2 days out of your schedule that will give you a schedule you want for the rest of your career.

I know KW and Gary Keller isn't the only ones who believe this.  I'd be curious to hear what other thoughts you all have on maintaining sanity in real estate.  Can you have a successful career and work the hours you want to work?  How?

Josh George
RealeFlix(R) - Camas, WA
Interesting post Matt.  I found it quite amusing that I just pretty much wrote about the same topic, just in a more general manner at http://activerain.com/blogsview/478488/What-is-Your-Capacity.  It all comes down to the costs (whether financial or opportunity) you are willing to make to achieve your quality of life.
Apr 21, 2008 09:33 AM
Joy Jarrett
Market Street Realty - Fort Mill, SC

I totally, absolutely, 100% agree with you! And, yes, I think that we are in the minority. Don't get me wrong...I like working in real estate. However, I work to live, not live to work. I have a huge family and a lot of friends and that is what completes my life. Not money and not competing to be top producer in my area. I make a good living and that's all I want.

Nothing wrong with how the others do it, but it just isn't for me. Life is too short and I won't live day to day having others dictate my time or my life.

 So, I applaud you for putting your priorities in order that suite you best and sticking with it.

 

Apr 21, 2008 09:42 AM
Kathy Fisher Sells Lexington TN homes! 731.845.3413
Five Star Real Estate Services - Lexington, TN

Thought provoking post.  I have begun to set limits...I haven't always.  I put things like my daughter's play, dinner with my husband, a movie with my son in my calendar and I tell clients and customer's I have an appointment at that time but I can show you  xxx or yyy.  Most of the time they are pretty flexible and if they see me out and about with my family member I am glad to introduce them.  My family HAS to be at least as important as they are.  It makes me who I am. 

Apr 21, 2008 09:57 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
Actually, my biggest client was a retired vice president of Merck pharmaceuticals. And he stressed to me, the importance of balancing career and family. I just came from an honor's banquet for my daughter. My phone was on silent, along with everyone else in the room. My daughter is more important than any other call that could have come in during that time. But I usually change my voice message when I'm not going to be available for a while. My regular message even says that "I try to give all my clients my undivided attention". The idea is, I won't be answering the phone for another client, when I have another one in front of me. It's rude. They can all expect the same service when it's their turn.
Apr 21, 2008 03:47 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
I think you made so many good points  It is important to have boundaries and balance in your life.  It is easeir now that the market has shifted.
Apr 21, 2008 04:04 PM
Matt Thomson
Fathom Realty Colorado - Littleton, CO
Helping you find success through real estate

Thanks for your comments.

LISA--I have a co-worker who just took a listing where the seller told her he expects her to answer the phone whenever he calls...if he gets voicemail more than once a day he's cancelling the listing.  Her life has become a nightmare.  It's like a bad movie watching her panic everytime the phone rings.  We keep encouraging her to drop the listing, but she won't.

JOAN--Interesting...I've found it harder to balance with the tougher market.  When things are slower, I'm more tempted to jump at any lead.

Apr 22, 2008 03:16 AM