Tag: Real Estate

What is the Main Difference between an Insurance Agent and a Real Estate Agent in 2021?

Posted on by Mina
Difference Between Insurance Agent and Broker | 360training

There is a long-standing argument regarding the difference between an insurance agent and a real estate agent. Regardless of the feedback on insurance systems nowadays maybe, insurance agents are not the same persons as real estate agents.

A sales job can be challenging: having to call people you’ve never spoken to before intending to sell them a service or product can be scary. This is the main similarity between a real estate agent and an insurance agent – they both have something to sell.

The real estate and insurance industry standout as some of the most popular sales jobs because of their self-driven nature as well as having a flexible schedule. Before we go into the difference proper, it is worth knowing that people visit online review websites such as reviewsbird.co.uk in search of the most competent real estate agents and insurance companies based on the reviews from their past clients.

Differences between a real estate agent and an insurance agent

Below is a list of the major differences between both

Educational Qualification

The first major difference between a real estate agent and an insurance agent is their educational qualification. A real estate agent requires a minimum of 4 GCE ‘O’ Level passes or equivalent (taken at not more than 2 sittings). On the other hand, an insurance agent requires a GCE ‘A’ Level certificate with passes in at least 3 subjects at “Higher 2” level and two subjects at “Higher 1” level; an International Baccalaureate Diploma qualification; a diploma awarded by a polytechnic or any other equivalent academic qualifications.

Products

A real estate agent can decide to work on all types of properties, or even decide to choose their area of specialisation; like focusing on the sales of landed properties, HDBs, or focus on the sales of new properties or commercial properties. Also, real estate agents have to source for their inventory if they are to focus on the resale of properties.

However, though an insurance agent also has an area of specialisation, they can choose to function as generalists that provides several policy-type products ranging from savings to investments-linked products, or hospitalization plans, and endowment policies.

Insurance agents also do not need to source for their inventory. This is because their products and policies have been created by the company that they are affiliated with.

After-sales services

Real estate agents usually keep in touch with their clients on a personal level at least twice or thrice a year after concluding a sale or sending the regular market update.

In the insurance industry, after-sales is critical. Insurance agents have to properly analyze the policies of their clients as well as the financial conditions annually to suggest amendments and additions to their coverage.

The similarities between a real estate agent and an insurance agent have been established, but that does not erase the fact that there are even more differences between them.… Read More..

4 Reasons Why Investing in Real Estate is Good Business

Posted on by Mina
61 Documenting Vectors, Royalty-free Vector Documenting Images | Depositphotos®

There are many profitable businesses available today. Many of these businesses do not require you to actively engage in them. You can rather invest and get dividends from such businesses. Such businesses can be found on ReviewsBird.com. Likewise, for many other businesses, an investment in real estate has a variety of benefits. Investors in real estate can predict the cash flow, and the returns on investments, as well as enjoy tax advantages. Considering many reliable finance companies, the income generated from real estate investment isn’t passive. Below are some of the benefits of investing in real estate:

1.  Stable Cash Flow:

This is the net income resulting from a real estate investment after operating expenses and mortgage payments. The ability to generate a stable cash flow is one of the core strengths of real estate investment. This profit also increases as much as equity is developed.

2.  Tax Benefits in the form of Breaks and Deductions:

Investment in real estate deducts the reasonable cost of managing to own and operating property. Tax deductions are heaped on property taxes, operating expenses and cost of the properties, etc. Through this, you can get to enjoy the tax benefits that come with being a real estate investor.

3.  Real Estate Value Increases:

As an investor, you can generate profit from rents, property-dependent business activities, and others. With the inevitable increase of real estate value, a good investment will increase your profit enormously. The rents on the apartments you give out can also increase over time, thereby, increasing your income. The housing industry experience bubbles many times. Even in uncertain times, prices on buildings return to normal and its appreciation gradually kicks in. Investing in real estate is a means to enjoy the process of wealth building through the economy.

4.  Tangible Asset Value:

This is another way to say that an investment in real estate is a way to build wealth and equity. While you pay for property mortgages, you earn more assets as part of your net worth. You equally use equity as leverage for more properties that can increase your cash flow. As you grow wealth, you also protect your investment. While some investments leave you with no tangible assets, the real estate asserts your financial independence. The fact that the value doesn’t decrease maximally also makes it a great business.

Other benefits include portfolio diversification. This is a means to spread your business investment with little risk. Although many businesses are a risk, there are tangible assets in real estate that mitigate the loss that could be incurred from such an expansion enterprise. You can easily amass wealth through this means. You are also capable of using it as leverage. That is, you can increase your potential investment return even if you borrow from financial institutions.

As earlier noted, real estate provides you with tangible assets. It offers you reliable collateral and limits your financial challenges in times of emergencies. However, it is most important that you … Read More..

The Success Link Between Real Estate And Automation

Posted on by Mina
5 Tips for Successful IoT Device Testing - Segron

It takes a lot of effort to succeed as a realtor. It’s much more challenging to keep going in that direction. It becomes more difficult to handle your customers as your company expands.

That’s where automation for real estate fits in like all other sectors. Your consumer base can be segmented using meeting lifecycle automation techniques or meeting market automation. 

Having leads and acting on them instantly can be a bit tricky for a human to do manually, which is why automation is now a necessity for productivity. As we have put you through the basics, let us now define how automation links to real estate success. 

Better Connections

Visualize actively campaigning for a residential property listing and receiving a flood of new leads in your inbox and voicemail. 

Your ad set the bar very high; now, it’s just a matter of following up and converting these browsers into buyers. But wait, there are contracts to be sent, leads from last week’s official event to be entered into your server, and brand advocates to contact. 

If you don’t follow through on your new leads, they will move on to the next estate agent who is eligible. These lost opportunities mean that business development suffers without real estate marketing or meeting lifecycle automation.

Marketing or Meeting via Email

According to studies, 94% of real estate agents prefer to connect with clients via email. Given that emails get a 20-40% response rate, which is very useful. 

Since you can individualize mailing campaigns, provide easy calls-to-action (CTAs), and monitor outcomes to make emails more relevant, email marketing or connection is important for an enterprise.

People don’t offer access to their email inboxes to just anybody because they are private and personal spaces. Using automation to submit timely and correct information until a lead or customer permits you to send them emails.

Collaboration with Customers

We feel that the most effective aspect of your real estate profession is the relationship you have with your buyers. Your clients look to you for advice based on what they’re hoping for and their real estate experience. 

This is achieved by open and timely contact. It is essential when dealing with a new customer base. While sending texts and emails is useful, using a tool that combines real estate insights with customer communication is another way to guide your customers through their experience.

Conclusion

Most leads could be more open to text or emails, so you’ll have to explore to see what fits better for them. You’ll be more knowledgeable and skilled with your time everywhere you use technology, and your interactions will grow. 

Holding open house leads via automation during your sale or awareness campaign is extremely beneficial for your real estate venture. 

Moreover, you must strive to engage your clients and make them stay with customer-based techniques. Your efforts will demonstrate that you care, and most of your clients or customers will value the personalized feel you put into it. … Read More..

5 Tips to Help You Sell Your House Faster

Posted on by Mina
5 Tips That Will Help You Sell Your House Faster - Harbor Realty

There are several reasons why you may need to sell your house. Whatever the reason, we do not promise you an effortless way to get it sold; however, this article comprises five essential things that you can do to hasten the processes involved in selling your house.

These tips are essential to the quick sale of your house. Unfortunately, many people often overlook some of these tips, resulting in a slow sale process or no deal until things are done right. You may read more on the intricacies involved in selling a house faster on BritainReviews, a platform that can open you to more informed knowledge.

One of the significant ways to get potential buyers for your house fast is by making a lasting first impression. You can achieve this by setting up the house in a homely and pleasant manner. Therefore, you can look for luxury Italian furniture brands online reviews to know more about how and where to get the best Italian luxury furniture for your house.

The following are the tips that will help you get your house sold in little or no time: –

1.  Engage the service of a professional real estate agent

One of the mistakes most people make while trying to sell their house is failing to get experienced professional real estate agents. Some do not even engage the services of real estate agents. To not share the rigours and challenges attached to not having an experienced agent, you need to read reviews about the best real estate agency or agent in town. That way, you get to market your house professionally, which will bring in serious potential buyers.

2.  Clear out clutter

Another vital tip that will help you sell your house faster is by clearing out the clutter. Ensure that once you decide to sell the house, you start clearing out space. Even before you decide to sell, it is advisable not to keep several things that may make the house look smaller.

As mentioned above, you need to make an excellent first impression of the house to the potential buyers if you wish to sell the house faster. Therefore, it is imperative that you get a storage unit to keep your valuables, such as personal items, pictures, amongst others. It would be best if you also cleaned and cleared out the basement, attics and closets.

3.  Acknowledge weaknesses and strengths of the home

Honesty is a good virtue. To help you sell your house faster without complaints after that, you need to be forthcoming and honest with the potential buyers. This tip means that you need to acknowledge the house’s possible weaknesses and strengths to the buyers. That is where your agent’s professionalism comes in as he or she is expected to sell the house by making the potential buyer appreciate the place.

4.  Set the house up nicely

Another essential tip that will help you sell your house faster is by setting the place up nicely. … Read More..

7 AWESOME TIPS ON REAL ESTATE INVESTMENT

Posted on by Mina
Tips to crack a good deal while investing in commercial real estate | Housing News

Real estate is a nice investment. Investing in properties has a good way of earning you large returns as well as several portfolios that commensurate for harsh economic conditions. This article focuses on how best one can invest in real estate. In real estate investment, no answer is right or wrong. The best thing to do is to look at your list of options and pick the ones that work best for you. There is more than one way to invest in real estate of which each has different levels of risk, capital, and dynamic investments. If you are looking to invest in real estate, you should check real estate business online reviews on us-reviews.com to know the right real investment companies you can patronize. You will be able to see from the reviews the real estate companies that are reliable and those that are not reliable. Below are 7 awesome tips on real estate investment:

1.  Purchasing properties meant for rentals

One of the obvious ways of investing in a real estate company is to purchase an investment property, either commercial or residential property that can be used for rental purposes. By doing this, your wealth would build while generating huge income for more investment portfolios.

2.  Taking part in real estate opportunity for crowdfunding

Crowdfunding is a contemporary way of investing in real estate and is fast growing. It simply means that the person involved identifies a good business opportunity and taps into it. He funds the business using other investors’ money rather than his own while bringing them into the fold.

3.  Investing in several other real estate stock or REIT

This can also be an excellent way to invest in real estate. REITs simply refer to specific companies that either own, manage, operate and receive income from assets such as real estate. They also do their trade on the stock exchange market to enable customers to purchase using small capital with just a mouse click.

4.  Getting a real estate portfolio through house hacking

This simply refers to simultaneously purchasing a home for residing as well as purchasing the same property for rental purposes. In other words, it means purchasing a house with several units and residing in one of the units while the others are placed on rent. It only applies when purchasing a family house with several rooms, staying in one, and renting the rest of the rooms out.

5.  Purchasing a vacation rental

This rental is quite different from other rental properties that are long-term in a couple of ways. On one side, the property can be used when it is less occupied by people. Although financing a vacation rental is quite easy especially when the individual is satisfied with substituting it for a second home. It tends to generate more income when compared to long-term rental properties.

6.  House fixing and flipping

This simply refers to the purchasing of a house, maintaining and fixing it properly before selling it off … Read More..