Ive recently decided to start a career in real estate. While I have enough money in savings to live for 6 months and pay for startup expenses I was thinking about working till September to earn a little more money so I don't have to dip into savings. Would it be smarter for me to just start now? I imagine people buy/sell more now than in winter (which is when I'd be starting if I wait.)
My step mom is in real estate and she does alot more buisness in spring and summer than she does in fall and winter.
Anytime is a good time to start a career in real estate. The most important thing is to align yourself with a real estate broker that has the best training and support. No matter what the market says, people are still buying and selling; all you have to do is be trained to find those clients and provide the best possible service. Also, the summer months statistically the best months of the year for home sales. Good luck in your new career!
The notion that markets slow down during certain times of year is only true in select housing markets. Just because it's the case in parts of Ohio doesn't mean it's the case in all of Ohio. For example where I work, the housing market is slow in the winter and more active in fall, winter and spring. Also, people are always buying or selling regardless of season. If they need to buy or sell, they will do so without waiting for better/worse weather. Real estate is not an easy industry, so you should save up as much as you can to keep yourself afloat or else you might be in debt like many realtors are. Also, don't be stupid like some realtors who spend so much on trivial things when they start like clothing, expensive watches and expensive cars. Also, when you count startup costs, expect to pay anything from $150-1500 for your monthly brokerage fees (which includes your NAR fees sometimes and E&O Insurance etc). Not sure about which brokerage you choose but mine requires that my car insurance includes passenger insurance as a chauffer/business vehicle that takes clients around. So just make sure you have enough money and that you can jump in the game. Be prepared to do a lot of open houses for free (or whatever deal you make with the listing agent) and do just about anything to start out. There's no way to climb the ladder without getting dirty (not sleazy, but as in do the hard work). Good luck!
