Lessons learned by a RE Newbie

Over my first couple of months in real estate I have learned volumes about marketing, about people, and about why I love this job.  Here is a brief list of what I now know:

 * You will never have as much time or money as you have marketing ideas in real estate. (Postcards, Farming, Networking, Trulia, Blogging, Buying leads, REOs, websites, expired listings, FSBOs, relocations, Foreclosures, one and on and on...)

* Ongoing contact with your database is priceless. (I just got a listing because the client felt her previous agent was not as driven as I am because I send her a lot of emails).

* If you ask everyone for what you want, you will be amazed at how many people are willing to give it to you. Referrals, training, listings. My faith in the kindness of others is constantly renewed in this career.

* Sellers sell to people, not contracts.  Presenting offers in person is a dying art, but even a cover letter can make all the difference in the world when you are in a multiple offer situation.

 * Good things come in small sales. My first-time home buyers who are very emotionally invested in their purchase are likely to be life-long customers and friends. These are often the most rewarding transactions.

 

 

* If someone calls to ask if you are accepting buyers and seller they are trying to sell you leads. (No offense to housevalues.com, realtytrac.com, getmyhomesvalue.com, and I'm really trying to sell you something.com, but I've only been in real estate for a couple of months and I can see they could all use a new sales-pitch).

* Real Estate is the most rewarding and challenging career. Over the last couple of months I have helped a couple find their first home together just before their wedding. I have helped a client get out of an apartment where the mold problem was so bad it was giving her daughter seizures.  I have helped a family relocate half-way across the country into a rental site-unseen until we find them a new home to purchase.  I am helping a client locate a home at an air-park to accommodate a client's plane. I have shown million dollar homes, and REOs that should be condemned.  Over the last couple of month I have learned about marketing, and transactions, and legal issues, mortgages, foreclosures, and escrow. I have learned about people and most importantly I have learned about myself.

The most important thing that I have learned is:

 * I will always have more to learn about real estate.

 
Post is included in group: Active Rain Newbies
Post is included in group: The Art Of Marketing You
Post is included in group: Puget Sound - WA Real Estate
Post is included in group: POSITIVE ATTITUDE for the Weary Soul
Post is included in group: The Optimist

42 Comments on Lessons learned by a RE Newbie

Hi Ann:  It looks like your first few months in real estate has brought you wisdom that many never find, even though they have been in the business for years.  I wish you continued success.  Thanks for sharing.

05/08/2008 12:42 AM by Fort Worth Real Estate - Karen Anne Stone (RE/MAX Trinity)


You have some valuable lessons in this blog. Great post. It looks like you will be in Real Estate a long time.

All the best.

05/08/2008 12:51 AM by Kevin O'Shea, White Plains, NY Real Estate (American Classic Homes, Inc.)


Ann, you have learned a great deal and very well written.

05/08/2008 12:55 AM by Omaha Real Estate -- David Matney, CRS,GRI (Alliance Real Estate)


Great post!  you have great wisdom and a wonderful attitude!

05/08/2008 12:55 AM by Jean Powers CRS,PMN,ASP Broker, Northern California (Windermere Welcome Home)


You have been a busy lady in the few months you have been in the business. And yes, even years later you will still be saying that there is always something new to learn.

05/08/2008 01:37 AM by Bob & Carolin Benjamin - E Phoenix Arizona Real Estate (The Benjamin Team - Keller Williams Integrity First Realty )


Think of how far you have come. You are right about allways needing to learn more, but that is what life is all about. Remeber what the song writer Bob Dylan wrote " he who is'nt busy being born, is busy dieing". I can hear his whinny voice even now.

05/08/2008 01:38 AM by Scott Barr soldbybarr.com (Keller Williams)


You should take a look at my newest blog "The Future of Real Estate!!" Some great info! Thanks have a great day.

05/08/2008 02:45 AM by Andy Laughlin (ConnectRealty.com)


Good morning Ann,

You are one of the largest sponges I have read in a very long time. Good for you! The way you write makes it clear that you like what you do and you do it well. Your words come across humble and forthright. I congratulate you on your accomplishments and wish you well in the coming years.

Hal

05/08/2008 04:21 AM by Harold (Hal) Place (A1 Connection Realty, Inc.)


Sounds like you are up and coming. Lessons learned. I bet they are scribing your name in the multi million dollar awards as we speak!

05/08/2008 06:45 AM by Laura Jefferson (Asset Realty)


Hi Ann, Thats great. You have learnt something. Do have a look at my blog which might help you.

Best - Sash

PS: FREE blog traffic strategy video...click here

05/08/2008 08:32 AM by Sasha Miletic - Windsor Real Estate (RE/MAX Preferred Realty Ltd.)


Ann, you are an inspiration to anyone coming into real estate. Keep learning and good luck with your real estate career.

Good Post!

05/08/2008 09:12 AM by Michael Setunsky (Michael's Commercial LLC)


Very true. It seems that everyday that I am learning more and more about real estate.

05/08/2008 09:30 AM by Matthew Zgonc, REALTORĀ® for Modesto, CA (ERA Village One Real Estate)


Hey Ann~ Welcome to Active Rain AND Real Estate. Sounds to me like you are right on track.

05/08/2008 09:33 AM by Silver Legacy Properties,Inc.


What tremendous support from the AR community! Active Rain is an amazing source of support, and education.  Thank you!

05/08/2008 09:39 AM by Ann Casey (Brio Realty)


Hello Ann, Welcome to the wonderful world of Real Estate and the great community of Active Rain. I am sure you will find great success.

Best,

Scott 

05/08/2008 10:21 AM by Scott Cowan -Tacoma & Pierce County Area (Rainier Real Estate, Inc.)


Ann, you can not possibly be a newbie!  You are the fastest learner I know! 

What a great post!  I love it!  I love your insight, your attitude, your prism! 

Excellent post, worthy of featured post status!  I give you a bright, yellow star, and up you go on our Optimist board as a featured blog!  Congratulations for a fine job!  Thank you for a great post!

05/08/2008 01:19 PM by Buyers' Choice Realty


How new are you??  haha...I just finished my sales training March 31, and I am lucky to have one sale happen and buyers to work with.  BUT you sound like an old pro!  Great post!

05/08/2008 02:53 PM by Lynn Ikle' -- Baltimore Co. Realtor (Coldwell Banker Residential Brokerage)


Good afternoon Ann, wonderful post. You had some great points and I agree with everything. Especially, the last line. I learn something new everyday. Good luck!

05/08/2008 03:03 PM by Jeffrey de Jesus (REMAX Westlake Investments)


Good one...The rewards (not just monetary) are what makes this biz special...Have a great day!

05/08/2008 04:10 PM by Ernie Steele (Prudential Homesale Services Group)


Ann, well said!  You are right, the more you learn, the more you learn how much more you need to learn! 

I have been involved in one aspect of Real Estate or another since 1995.  It is all I know and I love the diversity it offers.  Best of luck to you!  JENNIFER

05/08/2008 04:23 PM by Jennifer Kladny Loan Officer ~ Armstrong Co, PA (1st Metropolitan Mortgage)


Ann...For only being in the business a few months, Great post!  There is a definite reward when helping others.  Our reward is helping the financially strapped individual.

C. Lange

05/08/2008 05:12 PM by Michael Lange, e-Pro, GRI and Cheron Lange (John Hall and Associates)


Hi Ann, good lessons learned and much more to come. :) I'm glad you are enjoying yourself and finding real estate so rewarding.

Dave

05/08/2008 05:44 PM by Dave Ruwe Realtor GRI www.daveruwehomes.com (Keller Williams Realty)


Nice post, it would be even better if you shared more of what really worked in regards to your marketing dollars. All the best in your career, Keith

05/08/2008 05:50 PM by Keith MacLean (Re/Max Charlottetown)


Great post and let me tell you.  Those "letmesellyousomething.com" calls continue to come.  Best of luck to you.

05/08/2008 06:00 PM by Karen Gentry>>Charlottesville, Virginia Real Estate Professional (RE/MAX Excellence-Charlottesville VA)


Hey, a warm welcome to you from the R/E community. I read your entry and felt touched that you had such great ambition and love to/from the community. It is these moments that you refer to which make me get up every day and come to the office. It's all about the *rewarding* experience. Emotionally, of course, not monetarily.

05/08/2008 06:16 PM by Alan Robinson (PTE REAL ESTATE GROUP)


Congratulations for leaning so much early in your career.  It will stay with you forever.  This is a great career.  Enjoy!

05/08/2008 06:36 PM by Cindy Jones-Offering Real Estate Service for the 21st Century in Northern VA (RE/MAX Allegiance #1 RE/MAX Company in the World)


Wow, I was no where near as experienced as you are at the same point in my real estate career!  I have a feeling that you will be here teaching us all for a long time. 

05/08/2008 08:25 PM by Lisa Heindel, New Orleans West Bank Real Estate (Latter & Blum Inc. Realtors)


Ann,

 Great post.  I have been in the business just over a year and feel the same way you do, but could never put it so well.  thanks!

05/08/2008 08:31 PM by Paul Boyles (Classic Properties)


Great post.  I am tucking it away in the memory banks.

05/08/2008 08:35 PM by Tony Brust, REALTOR e-PRO (Coldwell Banker Devonshire)


Sounds like your first few months are going GREAT! Keep up the good work! Your learning fast!

05/08/2008 09:02 PM by Nichole Tigges & Monique Riddle (Century 21 Mike Myers Realty, Inc.)


Sounds like your first few months are going GREAT! Keep up the good work! Your learning fast!

05/08/2008 09:02 PM by Nichole Tigges & Monique Riddle (Century 21 Mike Myers Realty, Inc.)


I'm always happy to meet someone that loves what they do as much as I do! Stay positive - you're a real encouragement.

05/08/2008 09:02 PM by June Watson, RealtorĀ®, NW Alabama (Real Estate Shoals)


Ann,

Great post.  I was a newbie last year.  Hang around AR and you'll always keep learning!  I think you're gonna do great in this career!

05/08/2008 09:38 PM by Bob Haywood (McGraw Realtors)


Welcome to real estate Ann. You are going to be very successful.

05/08/2008 10:36 PM by Portland Oregon Real Estate >> Wayne B. Pruner, GRI (Oregon First)


I am happy to hear great post in this community. Keep it up. I am learning a lot just by reading post like this.

05/08/2008 11:03 PM by Helga Reyes~Realtor Associate~ (Century 21 Prime Properties)


Ann, I join with the others who have commented to your post. Excellent!!! ;-) Welcome aboard!!

Pepper

 

05/08/2008 11:09 PM by Mesa, Arizona Real Estate *** Teri Ellis, Broker, ABR,CRS,GRI,ePRO,MRE (Homes Arizona Real Estate LLC)


Great post. It's true, you never really learn everything in real estate. It can change on you too! Congrats on the feature.

05/08/2008 11:44 PM by Christy Powers - Pooler, Savannah Real Estate Agent (Keller Williams Coastal Area Partners)


Ann great job in learning fast and becoming humble in the knowledge you have bestowed upon.  It doesn't matter how long you been in the business, we are always striving to achieve more knowledge and greatness, its a never ending battle that makes our career exciting.  Im glad you joined our business and wish you nothing but success.

05/09/2008 12:48 AM by Justin Williams - Loan Officer (Prosperity Mortgage)


Ann, your attitude is great. I was a mentor in my office for several years and I could tell right away if an agent was going to make it in the business or not. You seem to have the right skill set to become a wonderfully successful agent. Thanks for the post.

05/09/2008 11:45 AM by Katie Graham - Denver Real Estate (Preferred Properties)


Ann, in one word, Wow! Thank you for that post from someone newer than yourself. Your thoughts are most inspiring, and come at just the right time for me. I wish you great continued success!

05/10/2008 08:54 PM by Richard Schardt (Keller Williams Realty)


Ann, You go girl! You have learned in a short period of time what it has taken many of us years to learn! With an attitude like yours, you are bound for success! Keep up the good work. 

05/15/2008 08:14 AM by Huntsville, Alabama Real Estate Agent Elizabeth Ramsey Cooper (Remax Huntsville/Madison)


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Real Estate Agent: Ann Casey (Brio Realty)
Ann Casey
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