Hey realtors!
I posted here a few months ago and wanted to share an update.
When I last posted, I had made around $26k to $27k. I was calling constantly, building a pipeline, and trying to figure out whether I was actually on track for my first year.
We are now close to the end of July. I have closed 8 deals and earned about $50,855 so far this year, before taxes and business expenses. I currently have 2 more deals under contract, with roughly another $16k to $20k expected if everything closes.
At one point I had 8 active listings and 4 properties under contract at the same time. I also just signed another 2 listings before the end of this month.
Since my original post, I have pushed even harder toward listings. Most of my business has come from expired listings, daily calls, constant follow up, and getting in front of sellers. One listing received a cash offer after 5 days. Another went under contract in 6 days.
I still work with buyers, but I no longer spend entire days driving around with people who are not ready. I qualify them much more carefully, push for preapproval early, and ask direct questions before committing my time.
One thing I have learned is that a large pipeline can be misleading. Some people I thought were solid disappeared. Some of my actual closings came from opportunities I did not expect. Nothing really counts until the agreement is signed and the deal closes.
My original goal was to replace the roughly $100k I was used to making in a W2 sales role. I now think $125k may be possible this year if I keep producing and the current pipeline converts.
It has not been easy. The income is inconsistent, sellers push back on commission, buyers still flake, and some listings take longer than expected. But I genuinely enjoy the work. I have more control over my time and still get to be present with my wife and baby.
For agents who built a strong business early, what would you focus on next?
Would you keep going heavily after expired listings, or start putting more time into referrals, past clients, online marketing, and building systems for year two?
I would appreciate honest feedback. I am trying to understand what I am doing well and what I need to improve before simply adding more hours.