For real estate professionals, the ups and downs of the housing industry means when times are good, they’re great; when the market is bust, agents may struggle to make financial ends meet. To compound the sometimes volatile market, not every closing happens when and as it should. That next paycheck appears set for a few days away, only to fall apart at the last minute. Like a desert wanderer seeking a mirage, that next closing is scheduled just ahead, provided everything goes smoothly! Unfortunately, most agents know things don’t always go as planned. Closings get delayed. Deals fall apart, but bills continue to reach the agents’ mailboxes. At one time, real estate agents relied on personal loans, consumer debt, and borrowing from family and friends to keep the lights on until the mirage of a closing became reality. However, thanks to alternative lending solutions for Realtors in California, there’s a better way for real estate agents to smooth the sharp spikes of the housing market. Advance Commissions Advance commission companies provide a reasonable way for real estate agents to finance the wait for closing. It’s not a loan. A commission advance allows an agent to sell a portion of a pending closing. The agent gets an advance on a commission, so when the pending closing occurs, the company that offered the advance gets back the money it advanced to the real estate agent. Getting a Commission Advance It’s much quicker than getting a loan at a bank. In order to take an advance, agents apply online. The application process requires some information about a pending sale and information about the agent. Agents can have access to an advance typically within 48 hours of making an application. Many times, these companies offer advances in less than 24 hours! With no credit check and a quick internet application, real estate agents can bridge the gap between closings thanks to alternative lending solutions for Realtors in California.
Related Articles -
alternative, lending, solutions, for, realtors, in, california,
|