Real estate is an ideal part time job. In fact, nearly 20% of realtors have another occupation. In realtor news, the Texas Association of Realtors’ (TAR) recently published report noted median net income for agents, post taxes and expenses, at $23,000. Not stupendous, but for a part-time gig supplementing retirement income, some serious pocket change.
Why real estate?
For retirees, real estate can allow individuals to capitalize on their experience, for instance:
- Experience living in a specific neighborhood.
- Knowledge of local resources/networks.
- Making continued use of skills gleaned from business and corporate positions:
- Communication: setting a realistic selling price; identifying homes that meet a buyer’s needs…
- People-management: influencing sellers to accomplish tasks that may boost the appeal of their listing…
- Negotiation: bids to buy/sell, fixing wrenches in the work involving closings…
- Analytical skills: market values, saleability…
- And more…
Though representing buyers and sellers does involve a time investment, its not realtor news the industry offers an enjoyable, profitable career, especially for those retirees willing to forge a new path with existing skills or develop new skills related to the industry.
The road ahead?
In setting your schedule and making time in your life for retirement while ensuring you’re comfortable financially.
- A healthy balance
Between career and personal interests – provided you don’t overextend yourself!
- Building relationships –
Working connections and building your network within the community. Not only a great way to add to your social circle, but a great fit for those who have lived in their community for an extended period of time who understand what it has to offer.
- Education and licensure
Which varies by state, but typically involves a 90 hour basic course that may be completed online, followed by a licensing exam and continuing education requirements.
Ready to launch your new post-retirement real estate career? Properties Online can help. Contact us today.