Business is adversely impacted by the rising interest rates. Advertisement cost has ballooned by at least 3x compared to a year ago. As a newbie, I am unable to compete with the seasoned realtors who are spending more than 30k per year, and can go up to 6 figures. It doesn't make sense for me to swim against the tide for now.
I have new found respect for realtors. The job is not as easy as what most people think it is. The work hours are also not as "flexible" as what most people think. Work hours are normally during holidays , weekends and after office/school hours. So are courses, seminars and networking sessions and you normally have to yield to the clients.
I have decided to put my real estate business partially on hold. I'll continue to work with my existing clients to assist them with their property purchase, but will not spend any more money on marketing.
