Making a career switch is no small task; in fact, it’s a life-altering proposition. So how do you go about transitioning into the real estate field? Do you go all-in from day one? Or do you start out part-time and gradually transition into this new career field? Well, there are benefits to both approaches and that’s precisely what we’ll explore in today’s article from Realtor Judy Szablak, founder of Szablak Consulting and a longtime Southern Connecticut Realtor with Caldwell Banker Residential Brokerage of Westport.
What Are the Pros and Cons to a Sudden Career Transition into Real Estate?
If you choose to transition into real estate full-time straight away, it can result in a much faster rise to success. You’ll gain experience and learn those key in-the-field lessons at a far more rapid pace than you would if you were to transition more gradually. You will also discover in very short order whether it’s the right career for you. There are some who may find that real estate just isn’t their cup of tea; those who dive in full-time from the very beginning tend to arrive at this realization much faster than someone who works part-time.
Those who have a background in sales tend to be more apt to find success in a relatively short time frame, which means that these individuals are more likely to see financial rewards much sooner. Some new Realtors do struggle to find listings, as they don’t have the prominence or client base that a more seasoned professional would have. Therefore, it’s important to choose a real estate agency that will provide you with an opportunity to get listings. For example, some realty firms establish a rotation to determine which Realtor will get listings that arise from calls to the firm. So if a homeowner calls and has no preference for a specific real estate agent, the listing would go to the Realtor who happens to be next on the list. Other real estate agencies will allow new agents to work with other Realtors at the firm, assisting with open house events and performing showings when the listing agent is unavailable.
Of course, financials are a major consideration, as real estate agents do not receive a weekly paycheck. So you will need to determine whether starting as a full-time Realtor is a viable option from a financial perspective. Some agents have a spouse or partner who can cover the bills while they’re getting established in their new career. Others need to maintain another part-time job in the beginning, which means they can’t commit to working full-time until they have their first closing.
What Are the Pros and Cons to Gradually Transitioning into a Real Estate Career?
A gradual transition into real estate is a very popular option, with many working part-time as a Realtor until they find themselves in a financial position where they can give up their other job and work in the real estate field full-time.
The most significant problem that you might encounter as a part-time Realtor (with another part-time or full-time job) surrounds scheduling. Your primary job must provide you with sufficient flexibility to accommodate your clients. Whether you’re a listing agent or a buyer’s agent, you need to have the ability to show or list a home when the need arises. Many sales occur as a result of spur-of-the-moment decisions. If you can’t accommodate these whims, you risk missing opportunities for sales, showings and listings.
It’s also worth noting that the learning curve tends to be a bit longer for those who work part-time and the time from when you start your real estate career and close your first sale tends to be a bit longer for part-time Realtors. But that said, starting out on a part-time basis may be the only financially-viable option for starting a new career.
Some Realtors will supplement their income by pursuing other in-the-field opportunities. For example, if you’re an amateur photographer, you might work part-time as a real estate photographer, in addition to working as a Realtor. If you have a really good eye for interior design, you might offer home staging services. These are just a couple options available to real estate professionals who prefer to spread their eggs amongst a few real estate-related baskets.
Tips to Grow Your Career With Szablak Consulting Founder and Realtor Judy Szablak
Getting started in any new career field is challenging. The real estate field is especially competitive, bringing new challenges. Career development is one of Judy Szablak’s specialties as a real estate coach and mentor. She can provide new and experienced real estate agents alike with valuable insights and recommendations that give them a competitive edge in today’s real estate industry. A consultant will not only offer advice and recommendations, but she will also share her valuable knowledge and expertise on topics such as online marketing for Realtors and social media marketing to get leads, to sales motivation tips and other tips to sell more homes!
If you’re ready to take your career to the next level or are just starting working as a Realtor, turn to real estate professional and consultant Judy Szablak, founder and CEO of Szablak Consulting and Best Agents Online, LLC. With Judy’s guidance and expertise, you’ll take your career to incredible places, finding success that’s beyond what you believed to be possible!
If you’re a real estate agent who is ready to elevate your sales or if you’re a realty owner or manager who’s seeking a dynamic, expert coach to bring a new element of professionalism to your sales team and your brokerage firm, turn to Realtor Judy Szablak of Szablak Consulting. Call 855.438.5839 or complete the booking form.