Real Estate Agents - 3 Ways to Make More Money With Less Work

If you are a real estate agent you no doubt have felt the pinch of the down turn in our economy. Many agents have left the field of real estate to find another way to make a living. If real estate is in your blood and you can’t imagine doing anything else-consider adding these 3 things to your repertoire.

1. Short Sales-The hot topic as more and more homeowners are facing foreclosure.

You’ve probably heard how much work they are, or maybe even experienced the pain of it first hand. Consider partnering with a loss mitigation expert. These qualified parties have the inside scoop on working short sales and can lend their expertise to your business. Let them deal with the follow up and headaches while you find a buyer for the property.

2. Loan Modifications-Not something a realtor would usually consider a source of income.

Many of your clients may be listing their homes for sale because the Adjustable Rate Mortgage they got a few years ago has gotten out of hand. Given the opportunity, they would prefer not to have to sell their house. You can partner with a loan modification specialist and charge your client up to $2,000 to have their loan rewritten. The loan mod specialist will do all the work and you look like a hero to your client!

3. Credit Repair-This powerful tool can literally change your client’s life!

Many people’s credit has been adversely affected by circumstances beyond their control. Job loss, divorce, illness, and death of a family member are all situations which can negatively impact one’s credit. If your buyer can’t qualify for a loan today, or your seller can’t qualify for a loan modification, offering them credit repair can have a significant positive impact on their life. Partner with a credit repair specialist. Charge your client for the service and then earn commissions when their credit is improved enough to buy one of your listings!

In these difficult economic times, you need to add more tools to your income producing toolbox. Short sales, loan modifications and credit repair are 3 ways you can earn significantly more money this year. Offering clients what they need and having experts do the work for you is a smart way to continue to grow your business.

Courtney Field is founder of Real Estate Retort where you can find information on the current real estate market and how to survive in it. Get your FREE Newsletter at http://www.RealEstateRetort.com