LoanCentral's Real Estate Lending Blog

For 28 years I've been involved in real estate and lending and watched the cycles come and go. Now, as the challenges of real estate intensify here in the Seattle / Eastside area - daily I hear of many loan officers and agents that are thinking about leaving the business.

GREAT! - We need to weed out some of the individuals who don't contribute in either a productive or professional way. This clears the stage for YOU to flourish – IF you have the right tools and work for the right companies - and there are plenty of them left.

The Compass of Change
Over the past few years, the real estate industry has fluctuated significantly. First, there was an unprecedented increase in the real estate values and volume of transactions. This increase drew many people to work in the real estate industry for the first time. In many markets this was followed by an extraordinary fall in home values and market volumes. It is well known that real estate is cyclical, but even the veteran loan officers, brokers and investors are surprised at the seriousness of this downturn.

If you’re one of the individuals who started a real estate career in the last five years, this set of market conditions and developments can be puzzling. Can you survive in a "Normal Real Estate Market"? Are you ready to ride it out and pick up market share from your competitors who are leaving the business?

These are all important questions for which you’ll need answers in order to make informed career decisions in the months ahead. Change is upon everyone in the real estate industry. Do you have someone who is helping you navigate this change and take advantage of the opportunities that will emerge as the industry gets shaken up?

In addition to cutting expenses, most individuals in the business need additional support and guidance during these turbulent times. Many see themselves at a crossroad: Should you throw in the towel and go get another job, or is it necessary to persevere through the difficult times in order to realize a long-term success?

If you are interested in joining one of our loan officer or agent 'MASTERMIND GROUPS" that share ideas and work together to support each other's success - contact me at George@GeorgeCharles.com 

A safe harbor may help you find the answer to this question. Surrounding yourself with supportive people who have the experience, knowledge, and interest in helping you make insightful career decisions is one of the best things you can do during a time of change... I'd like to help