Which one of the above is more lucrative ,will provide me with more money? which one is the easiest to obtain and the quickest?
2007-03-20 07:06:15 · 7 answers · asked by Lee 1 in Business & Finance ➔ Renting & Real Estate
I am in the real estate business and there are many avenues to make money in each field. Agents with the right connections can make six figures +. It all depends on the type of niche you have. If you are in a highend neighborhood million dollars properties + you just have to sell one or two properties a year and you made six figures. In working class neighborhoods you have to sell at least 10 properties to come within six figures. I am a commercial appraiser and there are plenty of opportunities. Typicall fees range 3k -5k per job. If you start your own company you can make easily make in the six figure range. Inspectors charge about 200-300 per job. If you are an independent then and do two a day you will be making six figures. Also, if you are involved in the commercial aspect then you can charge more. I feel it depends on your personality and particular contacts. If you have alot of contacts with investors, builders etc you can do very well with becoming an agent. If you are
2007-03-20 08:52:29 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋
none! it all depends on how much work you want to do. They all require a lot of work and a lot of time. With a lot of money up front and very little payback for a while. If you stick with any of it the rewards will come but you have to work at it. I've been a real estate agent for years my husband an appraiser for not quite as long. You can make good money but it takes a lot of work. The last time I sat down and figured my hourly wage I made less than $5 an hour. If your in it for the money go work at walmart, you'll do better. If you really want to help someone get in the home of their dreams any of the above will get you there. I've never seen a statistic on it but I suspect most who got into real estate exclusively for money failed miserably. This is a people business. You have to love the people otherwise you'll give up and move on to something else. Oh and for the person who thinks an agent guess what if the home is listed at 6% the agent only gets approximately 1% of that. The rest goes to advertisement that the agency does, if the agent does any it is out of pocket and if the home doesn't sell they get nothing. It's a tough business and I love it but unfortunately everyone thinks we make such big money and we don't.
2007-03-20 07:24:37 · answer #2 · answered by Tara R 2 · 0⤊ 0⤋
Agents definitely have the potential to make more money. Some make $1 million + per year. Can't do that in too many other jobs. Depending on the state you are in, licensing can be as short as 30 days.
Appraisers can do pretty well, but maybe $50-100K/year? Licensing takes 30-60 days, plus a couple years as a trainee before you can be on your own and not split your fees.
Inspectors, at least in most states, are unlicensed. You can literally start today. But who would use you if you don't have experience? Could you really do the job, do you know enough? They probably make the least, I would guess. Inspections are generally only done on purchases, and not even all of them. Appraisals are done for refinances as well, so they have more opportunities for business than inspectors.
2007-03-20 08:38:47 · answer #3 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
It is not mandatory to take help of a real estate agent to sell off a property. You should first prepare the property for sale and make it look great. Then you decide on the price of the property effectively. Though you don’t take help of an agent, it will be better to take the help of a real estate attorney. With the help of an attorney, you should take steps to market the home so that you can sell it off soon. Once you get a buyer, you will have to start negotiating for an offer. You will have to take part in home inspections and buyer appraisals. Once all these steps are completed, the deal will go for closing.
2016-03-16 23:33:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Agent
2007-03-20 07:13:43 · answer #5 · answered by Anonymous · 1⤊ 0⤋
An Agent since you get a fee based on % of the sales price ...if sales price is $500,000 and your fee is 3%....you do the math...
Both inspectors and appraisers are typically salaried if not independent or fee based.....
2007-03-20 07:23:34 · answer #6 · answered by boston857 5 · 0⤊ 0⤋
In to days market the one person market the money is the person in a clown suite swing a big arrow sign point to the open house.
http://www.breakingbubble.com/
2007-03-20 10:34:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋