In June I moved to FL from Bergen County. Business really started slowing up there in about March. I thought it would be better down here. Unfortunately, that is not the case. It's rather difficult to get established in this business anyway (in my experience. The NNA is crap. Don't believe a word they say. They're a for profit comp;any and do NOT help us in anyway.). Though it's different now than when I started 18 years ago because of the internet low balling sites.
I'm not sure you got into this business at the best time as it appears we're ready to have a crash like in 2008 (definitely with the banking industry starting to crumble). I pray I'm wrong, but if it happens, it'll be a few years before many of us get back up and running. In 2007-2008, I actually had to get an office job as a result of the crash.
Also, keep in mind, the interest rates have more than doubled in just 2 years. I did a closing today and their interest rate was 6.375%. Disgusting since my husband and I bought this one in 2021 at 3.25%, and it was a 2nd home at the time. 2nd homes typically have higher interest rates than a primary residence.
I would suggest you find something to supplement your income, because this industry is inundated with NSA's. Many have no clue how to run a business. Sorry to be a Debbie Downer, but just preparing you. Good luck my dear. |
