If you are a realtor and particularly a broker that specializes in residential selling, but want to supplement your business by promoting income properties, then this one is right for you.
In the following article, I wish to share with you why Property Agents Singapore must sell rental real estate, a few myths and truths, and what you need to do to prepare.
Advantages of Selling Income Home
The main advantage of coping with rental properties, clearly, is your money. As soon as I began selling property, the typical commission for selling a home was approximately $1,500 following the agent split. As soon as I made my very first income-property sale as a home agent, I left $15,000 following the agent split.
That sale happened in 1978 and having gotten a taste, I opt to create rental properties my own business because of this, have been promoting income-producing possessions exclusively for the previous thirty years.
However, I digress.
This guide isn’t about getting one to forsake your present residential business to turn into a multifamily professional, it is about getting one to be a realtor who will (and certainly will desire to) market investment property along with single-family homes since the money is good.
Allow me to give you one case of a residential representative here in Salem, Oregon that only called a FSBO about a tiny vacant lot that finally connected her with a apartment builder who then allowed her to record about sixty apartment units. She never ceased selling homes, but since she thought outside the box and also made an effort to expand her home business, she unwittingly dropped into investment property and forced a healthy commission for a outcome.
Another advantage of being in a position to utilize Property Agents Singapore, particularly for those of you who’ve been effective at selling homes and possess a sizable customer listing, would be that you have at your disposal a great deal of possible investors. Given this market and the fact that banks are only paying about two % to utilize our money, it may surprise you to find that homeowners who have never invested in rental property tend to be more open to this thought today than ever before.