Anyone who works in this industry knows that real estate can be a stressful career, and that there’s no denying it.
It is a job in which it is crucial for you to provide a positive outcome, not just financially, but also emotionally, and where the hours can be long, the workload can be lonely, the competition fierce, and the time pressure superb.
Investing in real estate can be an incredibly rewarding experience as well.
The primary role of agents in the real estate industry is to work with people at a very crucial time in their lives, to be able to help them achieve their goals and to make a meaningful difference in their lives.
It is during this process that an agent is able to reap the benefits of setting and achieving personal goals, as well as build a life that is financially secure and comfortable for themselves and their family.
However, it is important to keep the right balance in all things. In this article, we have compiled four tips gathered from our growing network of agents as to how to cope with the stress of real estate transactions.
Is it really that stressful?
Among 200 popular professions studied in 2010, real estate was ranked 10th in terms of stress intensity in a study of 200 popular occupations.
It was noted that real estate agents and brokers work long and erratic hours, spending the vast majority of their time showing properties to potential clients. In addition to being extremely independent, they should also be able to handle pressure caused by sales quotas and deadlines.”
As a result, real estate agents were classified as one of the top 10 most stressful careers, alongside firefighters, commercial airline pilots, surgeons, advertising account executives and even police officers, who were also ranked in the list.
This probably won’t come as a surprise to the agents who work diligently in this sector, but it does beg the question how do you handle the pressure of working in such a demanding sector?
It’s all about balance when it comes to achieving success
Almost every real estate professional can attest to the fact that there are numerous stages in their career when it seems as though they are working non-stop – whether it is starting out, setting out on their own or simply negotiating a tricky property deal.
Even though each of these stages is important, it is important that you don’t forget there must be a balance between them.
There must be a balance between good diet, rest, relaxation, exercise, and rewarding oneself to make it happen.
Take regular breaks from your computer, shut down your phone and walk away from the responsibilities of the business of investing in real estate at set times. While some agents may find it useful to set a strict routine, others may find it useful to be able to spend more time at home with their families, which their career is designed to enable them to do.
It is crucial to strike a balance in either case.
Build a support network that you can rely on
In order to maintain your well-being and move forward professionally, it is vital that you build a support network.
Take time to surround yourself with the people you aspire to be like and seek out the advice of those who are willing to share their knowledge with you.
This industry has one of the best things about it, as many mentors are willing to share their time and their valuable knowledge with you to make sure you are taking the right steps to reach your goals.
Run your own race based on your goals and aspirations
It is important to keep in mind that for every top-ranked agent in the industry, there are highly successful agents behind the scenes running their own race and having their own goals.
Their career needs to achieve what they want for themselves in terms of their personal goals, their business ideals, and their professional aspirations.
Real estate is by nature a competitive field, but what matters most to you is your race rather than the race of other agents.
It is very important to be honest with yourself about what it is you hope to achieve personally – do you want a balance between your work and your personal life, do you want financial security for your family, do you want to be the number one agent in your area?
In order to get there, you need to seek the assistance, insight, and support that you require.
Use technology to make your job easier
There is no doubt that technology is disrupting the real estate industry, but it can also serve as a valuable tool for agents to help them complete their tasks more efficiently.
It can save you a lot of time, reduce the amount of repetitive tasks that need to be performed on a regular basis, and also allow you to spend more time on activities that produce money for the company.
Implementing technology is a challenging task. You have to find the tried and tested tools that you believe will best serve your business objectives.
The more stress you overcome, the more freedom you will have to run your business in a way that fits your business model and lifestyle.