Tuesdays Tip: The 5 Things I Love about Real Estate & Mortgages

As much as there are things that drive me nuts in the fields of real estate and mortgages, my love for the business goes above and beyond those components. The most difficult part of this post was determining how to rank my favorites! After extensive internal debate, and possibly some talking to myself out loud, I came up with my list:

5. Everyone has an Opportunity to Own a Home:

Stop before you even start. I know you will argue that an individual making 25k per year cannot afford a home, but there are parts of the country where this is a possibility. Granted I am not taking into account cost of living (COL), but somewhere in the country, everyone has an opportunity to afford a home. The one brightside of the financial mess we are in would be that homeownership because more realistic for more families as values continue to drop. Which ties in very well with my next reason...

4. Ups and Down of Real Estate:

There will always be ups and downs. Some will be bigger than others. But with each upturn, borrowers have an opportunity to make money in the market. Likewise, with each downturn it creates opportunities for borrowers to buy properties they otherwise may not have been able to afford. Regardless of the market, there is always an upside. I know plenty of prospective firs-time homebuyers that are salivating and intensely saving their pennies so they may take advantage of the current market.

3. Helping someone Purchase his/her First Home:

My job can be very depressing at times when I have to be the bearer of bad news. However, my job is extremely rewarding when I have the opportunity to tell a borrower "You're approved" and "You're clear to close!". Part of me realizes that borrowers will never forget purchasing a first home, and the other part realizes that the borrower doesn't know how much his or her life just changed. In both parts, I know that I had a huge impact on helping the borrower purchase their first home.

2. Pressure:

I love the pressure. It's not a rush, but rather it is the mere thought of knowing that if I don't do my job I could destroy a person's financial stability. Fortunately, I've never had that problem, nor do I foresee that happening. If an agent does not do his or her job, chances are that someone will cover for them and it may make things a little more complicated, but everything should still get done. If an attorney does not do his or her job, there are plenty of other attorneys out there. We all know that! If I do not do my job the borrower may lose the house or a TON of money. Granted a borrower may go to another broker or bank, but if the deadline is upon us there is little that can be done. I LOVE that pressure. Regardless of the scenario, I would prefer to have the responsibility on my shoulders so if the outcome is less than desirable there is only one person to blame. At the same time, I determine the outcome. I would not want to have it any other way.

1. It is an Industry that Will Always Be Around:

Unless people start buying houses with only cash or start living in their cars, the mortgage and real estate industries will be around. Granted each may go through some dramatic changes, as they have the past 2 years, but they'll remain a sustainable providing jobs for plenty. That being said, my job security is pretty darn good! The only way to run yourself out of the industry is to repeatedly screw up, treat your clients like garbage, or not have a clue what you're doing. In all three cases, you deserve to be looking for a new job because there are no excuses.

There you have it, my Top 5 Things I Love about Real Estate and Mortgages. In case you missed it, check out last week's Top 5 Things I Hate About Real Estate and Mortgages. Think I'm missing something here? Post a comment and I'll tell you if it falls into the Love or Hate catagory!

Make it a great day!