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Luxury real estate demands the highest standards of excellence – and while it is hugely rewarding, it can also be challenging. Factor in tough market conditions, and it’s no wonder agents are feeling at the peak of their emotional bandwidth.
“It’s extremely critical for agents to put their well-being first,” says Ali Morisi, real estate partner at Sotheby’s International Realty – Los Feliz Brokerage. “We want to stay in touch with our customers, especially given the fast pace of the market. And if you don’t focus on self-care, it can ultimately lead to burnout.
Stress management apps are a simple way for agents to take care of themselves. Here are four stressors that today’s luxury agents need to be wary of and four tools that can help them stay physically and mentally healthy.
Stressor #1: difficult markets
Just as the chaotic real estate market has been psychologically difficult for agents, it has also taken its toll on buyers and sellers.
“Agents faced difficult factors on both sides of the transaction, such as bidding wars, customers losing faith in the home buying experience, and sellers delaying listings. their homes,” says Andrew Moore, real estate salesperson at Daniel Gale Sotheby’s International Realty. .
Stressor #2: unique opportunities
“Agents need to be available to their clients almost 24/7, especially in this busy market, and if we don’t keep pace, we could lose an incredible opportunity for a client,” Morisi says. . “It’s also hard to say no to opportunities as they arise, and sometimes it comes at the expense of our own care.”
“It’s also hard to say no to opportunities as they arise, and sometimes it comes at the expense of our own care.”
Stressor #3: anticipating trends
Morisi adds that beyond changing markets, the industry itself is changing. “It can be stressful for some who feel like they can’t keep up with the transformations taking place, whether it’s technological changes, contract changes, or just competitiveness.”
“We’re in a field that requires high-level thinking and skilled problem-solving ability,” Moore says. “We are facing tremendous stress. For those who are full-time, we consistently plan two or three terms ahead.
Stressor #4: stay engaged
Customers always come first, but there are many other priorities at the top of the list. “Nurturing prospects and providing knowledge to our current customer base is essential, but so is commuting to and from work, caring for children, having time to reflect and sticking to a healthy sleep schedule,” says Moore.
“Being everything to all of your clients, as well as your family and friends, can be incredibly stressful, especially if agents don’t know how to disconnect,” Morisi acknowledges.
Stress Management Apps That Really Work
Logging off from work can mean logging on to an app that can focus the mind, activate the body, and add fun to a busy day.
“The fact that these tools are literally at your fingertips is amazing,” says Morisi. “Given our busy schedules, being able to readjust your mindset quickly is great. Making it a morning or evening routine is even better.
Another benefit is that they help normalize self-care into your schedule. “What I love most about the apps and tools is that they send daily reminders and motivational messages that keep you engaged and committed to achieving your health goals,” Moore says.
Here are their four best anti-stress apps:
Calm“The Calm app helps keep your mood in check when stress takes over,” says Morisi. “Just a five minute meditation does wonders.”
Analysis Timer: “Over the past 10 years, I’ve found great joy with Insight Timer,” says Moore. “It’s a meditation app with a wide selection of audio tracks, including music, guided meditations, and teacher talks.”
BetterHelp“BetterHelp and other therapy-related apps are great for those who can’t adjust to an in-person visit to their therapist due to our busy schedules,” says Morisi.
Platoon“The Peloton app offers endless home classes for cardio, strength training, and spinning, but it also offers amazing meditation and yoga,” says Morisi.
Moore supports this. “As an active member of the Peloton, the app has tools that allow members to practice mediation and yoga, plus all those competitive cycling lessons with live coaches.”
Still need to disconnect
When it comes to relaxation and rejuvenation, technology can’t solve everything. “I will recommend that agents set aside time from their daily workload to focus on quality time with loved ones,” Moore says. “Work-life balance will create a positive atmosphere and reduce stress. Time management is a great way to start this journey, including daily affirmations and writing personal notes and reminders to yourself.
There’s a lot of pressure to move on, but the best way to do that is to walk away sometimes. “Give yourself some down time – book this vacation even if you have stuff to do,” Morisi says. “You’ll be a better agent for this, and your clients will notice.”