Guide on How to Fund Your Real Estate Business

As simple as it may seem to the real estate agency and property, those in the field know that it’s not always easy and requires real hard work. Raising the capital and the maintenance to run the business continuously is a huge deal. Luckily, sometimes, your business’s success is not about how much money you start in your pocket, but how much more you will make. Here are the five tips you can ponder to help you finance your business financially and to get ahead of the starting game.

group of people having an agreement

Private Funders

Private lenders are individuals that lend or release the money to a small number of individuals who need it. Fortune Credit explains the different types of loans offered in Singapore and their requirements to help you on getting one. It is an excellent option for real estate agents who are reliable and who are upcoming. However, their interest will be somehow unusual since there will be no thorough procedures required to prove you are eligible and qualified to get a loan. Their requirements are often not to difficult to provide. Private Lenders also are more inclined to accept risky projects.

But take note, before choosing this alternative, you might want to read and fully understand the terms and conditions of the private lender. Most of the time, their interest rates have a pledge as collateral and much higher. Opt for this option if you are sure you’ll be able to repay the loan.

Real Estate Insurance

It is not …

Read More

How a Website Can Improve Your Real Estate Business

Gone are the days when most businesses, including real estate agents and other players in the industry, depended mainly on print media to reach their clients. They would complement them with ads on TV and putting up billboards. All these ways of advertising and marketing have their shortcomings since they can only reach a limited audience, are relatively costly, and are not available all the time for potential buyers to see.
When we think of the internet, websites, apps, social media, and other cutting edge innovations like artificial intelligence, we can only see how much we needed them. These are good examples of things that have helped in transforming the real estate market with technology.
Focusing on the website, here are the benefits of this tool to real estate agents and related businesses:

Generating more leads

getting customer onlineReal estate agents do not have to pay lots of dollars for ads on the Yellow Pages or billboards on major busy highways nowadays to reach their customers. There is also no need to have receptionists waiting to answer phone calls or get people to dish out brochures. With a website, all potential and existing clients can reach the real estate agent through the online contact form.
The leads are generated immediately and at almost no cost and are warm. The business can also use the website to create an email list by requesting visitors to subscribe. With an email list, sending newsletters, frequent announcements, and continuous listings would be possible. A website …

Read More

Benefits of Low Loan Rates to Home Buyers

Most homeowners get frustrated when they get to pay huge housing loan interests. The banks and other financial institutions offering ridiculous home loan rates tend to consider their operation costs, tenure premiums, and marginal costs to define their lending rates, but homeowners take them anyway.

The reduction of the home loans rates is, therefore, good news to homeowners because the dynamic interest rates are somewhat beneficial to customers. Even though house-financing companies can delay the passing of the benefits to borrowers, the low home rates make a significance anyway.

The following content highlights how you can take advantage of low home loan rates:

Increase Financial Security

When lenders decrease the home loan rates, homeowners can continually cut their mortgage costs over the years as they lock their funds to increase their financial security. The low home loan rates ensure that lenders have payment stability because they can handle their mortgage repayment issues.

Similarly, homeowners will reduce their involvement in the brokerage transactions and real estate deals and contracts that offer a higher interest rate.

arrow going up

Lower Housing Cost

When the home loan rates are lowered, it means that the homeowners can have the opportunity to lower their housing cost. Buyers will have a low overall net mortgage as well as reduce the frustrating debt burden. Over a number of years, home buyers can have increased financial stability, and they can opt for expensive housing options, which cost a similar amount to their current mortgage. For instance, a buyer will be able …

Read More