I appreciate everyones ideas on what to talk about today in my BPW group. I decided to post here what I talked about; since it was my first time talking with everyone at large, I decided to tell them about who I am and how I got into the real estate business. I also added some statistics on the impact women have on the real estate market. I enjoy posting blogs on active-rain and it's only fair I let everyone on here know a little about me also.
I started out by passing out medicine containers with M&M's in them with this label on it. M&M (Melissa Merriman) GET IT? LOL
Since this is my first time talking to everyone here, I want to start out by introducing myself and giving a little background of who I am. I am Melissa Merriman, Realtor for Prudential Preferred Realtyin Greensburg PA. I graduated from the University of Pittsburgh with a bachelors degree in Psychology and Spanish. After working at a group home for several years, I realized this was not the field for me. Actually the whole Psychology thing was not for me, especially since most the people I know have more problems than money. Hence not being able to afford my psycho-analysis!! And since I have no immediate desire to move out of Western Pennsylvania my Spanish has no little to no value considering there is a lack of a Spanish speaking population in this area. As a matter of fact we actually have our own language around here native to Pittsburgh PA affectionately known as Pittsburghese.
Example: If yinz come to Picksburgh, from da Sahside to Sliberty, yinz'll find Picksburghers speaking just like this. Make sure you catch a Stillers game when yinz are in tahn.
(The above part was humor for active-rainers was not used in Speech today)
I got into real estate two years ago. I purchased my first home at 22 and was sitting up late one night watching infomercials. There was a big segment on Carleton Sheets and those infomercials are so persuasive. I got the great idea to get into buying and flipping homes, so I bought the Carleton Sheets program and was convinced I was going to be a millionaire within the year. My goal was to buy 10 rental properties over the next 5 years. I vigorously began searching the web for great income generating properties using my work sheets Carlton provided. I became obsessed and was driving my Realtor crazy! I'm sure he didn't take me seriously, but he continued to show me places. Real cost about $395.00
(Does anyone return this stuff??? NOOOO!!!! Call me SUCKER!)
As I'd fill out my profit worksheets another brilliant idea came to me. If I got my real estate license I could make more money flipping homes and wouldn't have have someone show me homes. So that week I enrolled in Polley and Associates to begin my courses. I had no intentions of selling real estate when I started out. I wanted to be the savvy home flipper. Never even worrying that I had no extra cash laying around nor did I have any construction experience. I had to hang my license somewhere in order for my license to be valid so I interviewed at various places. I decided to go with Prudential because they had a lot to offer me and the environment felt very professional vs the other offices I had interviewed at. The classes were fascinating to me and with each minute I spent in class the more I wanted to sell real estate. I loved hearing field stories and I knew I would do well in real estate. From that point on I couldn't wait to sell a house.
My first week at Prudential was pretty exiting for me. I was asked to sit an open house for a fellow agent. I was ecstatic. I was so proud that an agent had given me so much responsibility. I didn't realize at the time I was doing her a huge favor. Now I know how agents beg for people to sit opens.
The house was listed for $350,000.00 which made me more thrilled I had exactly how much commission I would make figured out and spent already before I ever set foot throught the door. I was very naive.
I still remember the nervousness I had , I knew nothing about the house, and I couldn't stop sweating. I waited and waited and nobody came my open house was from 1-3 and it was already 2:30. Just then a family came through. They had been to an open house there months before and loved it. I was convinced they were going to buy it, but in all my anxiety I was too nervous to have them sign in. OH NO! MY NAME WASN'T ON THE SIGN. FOR SURE THEY WERE GOING TO CALL THE OTHER AGENT. I WAS HORRIFIED! AGAIN I KNEW NOTHING ABOUT REAL ESTATE AT THAT POINT. Well as it turns out that evening they called me and that evening I got my chance to write my first offer on a $350,000.00 home and from there was just the start. My first year in Real estate I did 4.4 million in sales I received the Platinum level Award for Westmoreland Realtors Association which is the highest level and I received several other local awards for sales. My biggest accomplishment ;however; was the title of ROOKIE OF THE YEAR for Prudential Preferred Realty. This award went to a new agent >18 months with the highest gross commissions for that calender year. You only ever get one chance at this award. I also made the Honour Society for Prudential which places me in the top 12% of Prudential Real estate agents nationally.
I have been truly fortunate to find a career that brings me so much success and pleasure.
Unfortunately Real Estate is not as easy as I just made is Sound. It is an uphill battle that starts all over again every time I close a deal. I am constantly revamping my market approach and marketing myself to find new buyers and sellers. PLEASE DON'T TAKE THIS AS ME THINKING REAL ESTATE IS FOR EVERYONE!! I WORKED BY HIND END OFF.
I have to say one of the highlights my job offereS is the ability to make my own hours. I hear people say that and I laugh... Really Loud!!! And then Louder!!
If I had that machine, You know the one that makes hours. I'd be rich.. I mean that's the only explanation I could think that phrase means because I certainly don't have a luxurious amount of free time. As a matter of fact I am litterly at clients beck and call. They say be there and I say where! But that's just a perk of my job!! : )
FYI on the investing and flipping. I sold my previous home after living there for 2 years for $40,000.00 more than I paid. I built a home which I am currently living in and bought another flip home which I am currently working on. I will let you know how that turns out!
AGAIN THANK YOU FOR THE QUICK RESPONSE WITH THE PREVIOUS IDEAS! HOPE YOU ENJOYED