Whether you have a job that you are looking to supplement by selling real estate part-time, or you want to do it part-time to earn extra money, selling houses part-time is different than selling full-time.
When time is of the essence, you have to plan carefully and budget your time to make the best out of the time you do have. The following tips are things to remember when you are starting a part-time real estate business.
- Learn everything you can
Knowledge is power. You want to buy some books and maybe take some courses before you begin buying and selling houses. This can help you avoid a lot of the mistakes that first time buyers make. Talk to others who are in the business and get some advice.
- Make a schedule
Before you buy your first house, sit down and make up a schedule for doing your real estate business. Figure out what times would be best for you and when you can work, and make up a schedule that you can stick to. If you are a stay at home mom, this might be the time when the children are at school or during their naps. If you have another job, this could be in the evening or on the weekends.
- The Internet is your friend
When you have limited time, you can use the Internet to find good deals and keep in touch with real estate agents via email. A lot of times these days, you can view a virtual tour of houses without leaving the comfort of your 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.
- Go for drives
Once you have found a few houses that you are interested in, go for a drive and look at the neighborhoods where they are located. You want to find out as much as you can about the neighborhoods and about the other houses that have been sold there. This way you can have some bargaining points for when you go to purchase a house.
Buying and selling houses can be a great second income as long as you are careful and keep your eyes open. It’s important to learn to budget your time and learn to use the resources of the Internet to do a lot of work from right inside your home.
You do not need a lot of time to sell houses as long as you budget your time right and stick to your schedule. Think about what time of day is best for you to conduct your business and to make contacts. Then figure out a time to go out and look at houses in person. Once you have done it for a month or so, you will get a system and find that things will get easier.