Mistakes to Avoid when Starting a Real Estate Career – by Scott DiSarno

Real Estate is one of the most rewarding careers to choose from, and potentially one of the most profitable ones too. However, reaching your real estate goals is not as easy as getting started. To achieve considerable profit in real estate, it takes a lot of hard work, dedication, patience, and willingness to learn and evolve from your mistakes. 

Therefore, to help new real estate agents start out their journey smoothly, Scott DiSarno, a real estate professional, highlights the most common mistakes to avoid when starting a real estate career. 

Rushing In:

Real estate agents do not usually work for a wage and can be essentially considered business owners. Therefore, new agents should approach real estate as an entrepreneurial opportunity and treat real estate careers as an actual business. 

So, before you start your career as a real estate agent, it is important to anticipate the amount of time it may take before you start to see some real profit. Based on this, make sure that you have enough funds in reserve to carry your business for at least 6 – 9 months. 

Do not rush in if you are not prepared even for this much. Many new agents rush in without anticipating the break even period and eventually fall out. 

Expecting Immediate Success:

According to Scott DiSarno, many people join the real estate industry hoping to gain immediate success. While there are many cases of rookie real estate agents closing deals from day one and achieving success overnight, there is no guarantee that you will get a similar opportunity. 

In many usual cases, it takes months for rookies to close their first deal even if they are doing everything right. Moreover, it may take up to two years for a newly started real estate agent to finally see some good money. 

It is completely fine to have a healthy amount of ambition but keep in mind to plan things realistically taking into account the most common scenario and make all the preparations necessary to increase your chances of success. 

Not Communicating with Clients:

One of the most common and biggest complaints that clients have against their real estate agents is their lack of communication. However, this problem is not just about having proper communication skills, but also about not being able to communicate on their own terms.

As a real estate agent, make sure to schedule a time to communicate with your clients each week. Keep a day aside and use that day to reach out to them and communicate with them on their terms. Ask your clients what their preferred mode of communication is, and share all you have done for them that week. 

Conclusion:

Scott DiSarno is a real estate professional with extensive experience in real estate. The pointers shared above are all important things to keep in mind as a new real estate agent. Apart from these, there are many other common mistakes that delay the growth of rooking agents. So make sure to do thorough research and preparation before finally starting out your career.