Is This Is Still A Good Time To Be In Real Estate?

By
Real Estate Agent with Coldwell Banker Dynasty

   Today I went to visit my optomitrist for an eye exam. She was wondering what I was doing now since I "semi-retire" from technology. My response was that I have been doing real estate. Of course people usually then ask "Is this still a good time to be in real estate?" or "Isn't the market tough to make a living?". 

   Both of these questions are very common and I probably get asked about 75% of the time when I tell others that I am in real estate. It takes a lot of hard work and closed transactions to make lots of money in real estate. The National Association of Realtors did a research and found that the average realtor does about 3-4 transactions per year, while a majority of agents made 0 transactions.

   Another interesting information is that out of the about 1.2 million agents, there would be only about 900,000 left after the end of January 2011. This mean that 300,000 or 25% of the current agents would leave and find jobs doing something else or do real estate on the side.

   Why is this? First, this time of the year is very slow for many agents and they already are taking an early vacation. Second, the membership fees are due early January which means that if they did 0 transactions, then how would they have the money to pay the bills?

   This is a great time to ask ourselves if this is still a good time to be in real estate to see how committed we are to our success for 2011 and thereafter.

Comments (9)

Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Great post!  I think this is an excellent time to be in real estate FOR THOSE that are dedicated and work it full time.  Good luck for a great yeara in 2011.

Dec 08, 2010 06:48 PM
Sara Mehrpouyan 818.903.2040
Beverly & Company Properties 818-903-2040 - Sherman Oaks, CA
CA- Sherman Oaks and Woodland Hills Real Estate

Real Estate is definitlely very difficult especially when you do not have a good "flow" of business. It's a roller coaster.

Dec 08, 2010 06:49 PM
Rene Bayani
Crestridge Partners - Irvine, CA

Most everything in life has to do with sales....and every industry is dependent on it.  Whether we are selling real estate, technology or q-tips each person has to "work hard" to realize the results that are dreamed of. 

Dec 08, 2010 06:51 PM
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

It is a great time to be in real estate - IF you are truly IN BUSINESS and committed to helping others.

Dec 08, 2010 07:04 PM
Dan Edward Phillips
Dan Edward Phillips - Eureka, CA
Realtor and Broker/Owner

Gppd Morning Song!  Great post, thanks for asking the question, it is an excellent time.

Dec 08, 2010 07:26 PM
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Song, real estate is how you want it to be. If you want your career to be exciting, busy and profitable, so be it.

On the other hand, being negative will bring zero results!

Ty

Dec 08, 2010 10:20 PM
Candy Miles-Crocker
Online Real Estate Agent Training - Chevy Chase, DC
Realtor - Real-Life Real Estate Training

It's always a great time to be in real estate.  Just like any other job, if you do the work you will reap the rewards.

Dec 10, 2010 08:49 AM
Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!

Song,

While many locations are having a horrible real estate year(s), especially where I come from, I simply cannot imagine being or doing anything else!

There are months of gnarling of teeth and wondering how you will make it as you work 24/7 and many times make absolutely nothing!

However, those closings, when they do finally close, are priceless!!!  I love Real Estate. I cannot think of any other profession which has so many interesting and changing things in it. It is never boring.

I love that it lets me wear so many different hats. Allows me to help people, be creative, spend time online, learn new laws....Nope, not leaving:)

Dec 11, 2010 08:56 AM
Don Spera
CR Property Group, LLC - East York, PA
Serving York and Adams County, PA

I will not do anything else other than Real Estate unless I am down to my last dime.  I am coming up on 24 years selling, and love the interaction with people and helping them fulfill their dreams.  The grass is not always greener on the other side, so keeping your nose to the grindstone and working through this downturn takes a lot more initiative, drive and desire than before.  Hang in there as long as you possibly can, as today can be what changes your future.

Dec 13, 2010 12:18 AM