Special offer

Work/Life Balance in difficult market

By
Real Estate Agent with Coldwell Banker United, Realtors

I just thought I would bring this subject up to see how others are working through this difficult issue.  I have a young daughter and my wife works with me along with other team members (www.yourwattsteam.com) and we represent several builder and developers along with general brokerage clients.

Between the different communities and general brokerage listings, we are currently servicing over 150 listings in addition to working with buyers and being the preferred Agent for SC state employees in the Charleston region.  The follow up and extensive communications we have put in place are helping us make it through the slower market but they are also creating a 15 hour/day work schedule.  There isn't enough income to bring in an administrative/office assistant right now and the mundane but necessary tasks are nonstop.

I have averaged in excess of 4000 minutes/month on my cell phone and have killed the tracball on 3 Blackberry Pearls in less than 18 months.  So now that everyone gets the picture, how are you dealing with these issues and trying to have some semblance of a balance?

Mike Klijanowicz
Cummings & Co. Realtors - Perry Hall, MD
Associate Broker @ Cummings & Co. Realtors

150 Listings and you have a difficult time affording an admin?  I don't get it???

Jan 25, 2009 12:09 PM
Josh Watts
Coldwell Banker United, Realtors - Mount Pleasant, SC

The listings are made up of @135 development/new construction listings with the remainder being general brokerage.  The total inventory in our market has gone from 6 months of inventory in 2006 to 14 months of inventory now.  The result is marketing expenses for 3X the previous listing.

In addition the sites require agents sitting on site which of course is an expense.  Properties aren't selling nearly as fast and the admin necessary once something goes to contract has grown dramatically.

Just as in all else, income/expenses related to that income are all relative.

Regards,

Josh Watts

Your Watts Team

Charleston, SC

Jan 26, 2009 12:37 AM