Have you ever wondered if joining the real estate business as a property agent is the right career choice or switch for you? This is one most frequently asked questions from friends, relatives and even clients themselves. Let’s see what makes real estate business appeals to you.
The tumultuous global landscape in present years has taken a toll on the economy and subsequently, employment rates. This has resulted in many being retrenched, unable to find a job, or for those ‘lucky’ ones, clinging on to their current vocation for dear life even if they were not satisfied with it. Most of the time, being mired in a career that is not aligned with one’s values and objectives is the primary cause of mental strain and depression in our generation.
If you can relate to the above paragraph, you must be wondering how this unfortunate reality can be circumvented. A popular endeavour many millennials are embarking on to escape this fate is to be self-employed.
I believe sharing my first-hand experience would speak volumes about its effectiveness. Almost 2 decades ago, I was probably just like you. Like clockwork, I spent five days a week working as a technician in a manufacturing company in a 12-hour rotating shift environment, willing for the time to knock off to arrive faster so I could pack up and go home. Suffice to say, I was not fulfilled despite the great magnitude of time, energy and effort my job demanded from me.
Things eventually came to a head when I mismanaged my finances and ended up in massive debt. In retrospect, perhaps that was due to being young, naive and ignorant about managing money. I figured that if I didn’t make any changes to my current situation quickly, there would be no salvation for me due to its rapidly worsening state. Hence, this was where I took the biggest leap of faith in my life – I made a career switch to become a property agent.
No doubt the initial journey was tough but it was the best decision I ever made. This transformative choice did not just solve my seemingly insurmountable quandary, but it gave me a new lease of life.
My eyes were now wide open to the numerous opportunities that a property agent can benefit from the real estate market and how it could help me achieve my dreams in various aspects of my life.
So, I have broken down the advantages of becoming a property agent into 5 points for better digestion. I’m sure all of us believe that we are worthy of getting the best out of what life can possibly offer.
1. Flexible Schedules
When you’re a property agent, you are your own boss, you get to choose how and when you want to work. With this freedom, you have the agency to allocate sufficient time for your own leisure activities which is crucial for recharging, or with loved ones. Say goodbye to unforgiving regimes or micro-managing superiors! On a personal level, this also helped to instill a sense of discipline that positively contributed to overall self-development.
2. Sharpening of Soft Skills
As property agents, a sizable portion of time goes into interacting with people characters from all walks of life and sharing essential property knowledge with the right investment strategies with them. Through our sharing, we can synergise and create opportunities by way of collaboration through engaging our professional services. Evidently, this requires exceptional interpersonal skills. If this is an area you lack in, this job can be a catalyst for personal growth in this area, otherwise it would definitely elevate your current level of expertise.
On the flipside, if you’re a people-person, this would be right up your alley. Regardless, this adds colour to the career scope and ensures that it would never be a monotonous, boring affair. The ability to network well is a vital trait in forming fruitful connections with others, and which would ultimately bear favourable returns for all who are involved.
3. Valuable Knowledge for achieving Lifestyle Objectives
There are many ways to score riches or to grow your wealth. Although most of us may not have the requisite means to carry out these plans to fruition, one increasingly popular and effective way to do so is through having extensive knowledge of the real estate market which bears successful wealth accumulation through property investments.
The common adult Singaporean is eligible with the right information– in other words, even more so if you’re a property agent since you would be equipped directly with the latest news in the property domain. Now there’s no surprise why so many property agents happen to be lounging in beautiful homes– it’s no coincidence.
4. Meaningful Roles
Whether they are meant for investment or stay-in purposes, properties are big-ticket items that could make or break someone’s path. For the uninformed seller or buyer, they are treading very treacherous waters and should never at any cost enter transactions without the assistance of a proficient property agent (YOU).
When a deal is secured according to the expectations of all parties involved, the satisfaction and joy experienced is unparalleled by anything else. The impact you’ve made on your clients’ lives, that powerful, indispensable push in the right direction is a key component to their possibly lifelong happiness.
In other words, their success is your success.
5. Job Sustainability
As mentioned above earlier, most employees are at the mercy of economic paradigm shifts regardless of whether they are occurring on a micro or macro scale. Fortunately, there is always going to be a demand when it comes to real estate.
The lockdown period during the COVID-19 pandemic in 2020 presents a real-life case study and evidence. For two whole months, the real estate market screeched to a halt save for the few instances where buyers were confident enough to purchase homes remotely over video tours. With bated breath, many projected that the property market will plummet and eventual crash. On the contrary, this accumulated pent-up demand, and once the floodgates opened, the market was brought back to equilibrium. Prices held steady, much to the surprise of speculators.
Having a roof over one’s head is a basic necessity. Being involved in such a trade ensures your livelihood as a property agent. While everyone around you has their rice bowl held hostage by all these factors, you can be secure and confident knowing that your income is tied directly to your level of skill.
If you’re a fresh-faced graduate, welcome to the working world! While it can be overwhelming having a plethora of options at your disposal, you can consider narrowing your scope down to joining real estate, given the multiple benefits. Otherwise, if a career switch is on the cards for you and you’re contemplating on getting certified as an agent, feel free to contact me for more information. Book an online consultation with me today to find out more if this is indeed the career path for you.
Justin Kong is a passionate real estate consultant who enjoys sharing property investment insights through his property blog Aspiring Property Investors.
Today, many homeowners have benefitted from Justin Kong’s proven strategies to help them accumulate wealth safely through their property investments.
Justin Kong is also a team leader with a strong belief in helping groom future real estate producers and leaders.