Pick yourself back up if you fall - I received by Associate Brokers license in 1990 after 3 years in the business after meeting all the guidelines. I really just wanted to get the credentials under my hat just in case I wanted to eventually open up my own office.
After 23 years I had the opportunity to do just that. So in December 2007 I made the commitment to buy into a regional franchise in our area of Red Lion, Pennsylvania. After obtaining a great location and getting the line of credit in place, completing the renovation and purchasing all the necessary equipment and getting approved by the Real Estate Commission, I opened my doors in April 2008, just before the major down turn in our industry.
I had 6 licensed agents working for me and felt that things were really going to get rolling and KABOOM, the Real Estate market took a major hit. Not only did I deplete the line of credit, but I depleted my life savings. In July 2009 I had to make a major decision to stop the bleeding and close my doors as homes for sale in Red Lion, PA and homes for sale in York, PA just weren't there for the taking.
Obviously this was a very emotional thing for me as I take a lot of pride in what I do, as all of us, and to have something this devastating happen really could have put me out of this business entirely. I felt I left everyone down including myself. I had to convince myself that it wasn't what I did or didn't do, timing was everything, and I could not have projected the market falling off the edge of the map.
I picked myself up and convinced myself it wasn't me and started back in the sales force. I have done decently well, but it has been challenging since I had put the majority of resale on the back burner getting my office running.
Those of you out there that are thinking about hanging it up after all these years, look back at what I experienced and hopefully you feel that you are not the only one out there with major challenges. Stay positive and let the negative things dwell on you and move on.
This business is very challenging, but so rewarding. I cannot picture myself every punching a time clock again. Best wishes.