Whether you have a job you’re looking to supplement selling real estate part-time, or you want to do it part-time to earn extra money, selling homes part-time is different from selling homes full-time. When time is of the essence, you need to carefully plan and budget your time to make the most of the time you have. The following tips are things to remember when starting a part-time real estate business.
1. Learn as much as you can
Knowledge is power. You want to buy some books and maybe take some courses before you start buying and selling houses. This can help you avoid many of the mistakes first-time buyers make. Talk to other people who are in the business and get some tips.
2. Make a schedule
Before you buy your first home, sit down and make a timeline for doing your real estate deal. Find out what hours would be best for you and when you can work, and create a schedule you can stick to. If you are a stay at home mom, this could be the time when the kids are at school or during their nap time. If you have another job, it may be at night or on weekends.
3. Internet is your friend
When you have limited time, you can use the Internet to find great deals and stay in touch with real estate agents by email. Many times these days, you can see a virtual tour of the houses without leaving the comfort of your own home. It used to be that you would have to leave your house to look at houses, but the introduction of the internet has revolutionized the real estate business.
4. Go driving
Once you have found a few houses that interest you, take a walk and look at the neighborhoods where they are located. You want to find out as much as you can about the neighborhoods and the other houses that have sold there. This way you can have some bargaining points for when you go to buy a house.
Buying and selling houses can be a great second income as long as you are careful and keep your eyes open. It is important to learn how to manage your time and learn how to use Internet resources to do a lot of work from inside your home.
You don’t need a lot of time to sell houses, as long as you budget your time properly and stick to your schedule. Think about what time of day is best for you to conduct business and network. Then set a time to go out and see the houses in person. Once you’ve been doing it for a month or so, you’ll get a system and find things easier.