Posts from July 11th, 2019
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July
11
11
New Agents: Set Yourself Up for Financial Success
Starting a new career in real estate can be a challenge, but it also requires getting your financials in order. You're essentially starting your own business, which comes with its own share of troubles. Fortunately, this is why Homesale Realty is the most successful in getting new real estate agents started in their careers.
Here are our suggestions for setting yourself up for financial success as a new agent.
- Establish Some Savings
Depending on whether you're starting with your own business or if you're working for an experienced agent, you'll want to have some savings set aside while you get your new career started. Most financial advisors would recommend that anyone have at least 2-6 months of living expenses saved up in case they run into a financial bind.
For a real estate agent, especially starting out, your first paycheck might be two or three months after your first sale. Real estate isn't exactly like selling a car, and you may not realize your commissions until well after the paperwork has been signed, and the mortgage process has begun in earnest.
