The massive expansion of today’s world should tell you how important it is to stay relevant. One of the many ways to do that as a business owner or independent contractor is by constantly improving your services through engaging and/or adding other complimentary services that are minimally priced, but heavily essential to your clients. Once your clients are served, you’ll be the ‘Cream of the Crop’, as the expression goes.
If the knowledge of expanding your business isn’t important, consider this. Microsoft, as huge as we know it, acquired LinkedIn, a multi-billion-dollar empire that is at the helm of the professional social media stratosphere.
Microsoft knew that they needed to stay relevant and they couldn’t afford being satisfied with just Skype (which seemed like a bust), the Microsoft Office program and Windows. No! They went as far as to acquire more tools in order to stay relevant with the times.
The Real Estate and Mortgage Industry is NOT so different. Any Real Estate Agent that is constantly improving their services (and by services, we mean tools) to help attract or maintain their clients, distinctly stays ahead of the game.
This brings us to the subject of discussion which is “How Adding Credit Restoration Services (tools) to Your Real Estate Business Can INCREASE Your Income Massively.”
Realtors know that their Clients’ credit is absolutely relevant to their securing a mortgage loan.
Although not everyone agrees on the merits of preapprovals, the generalized initial step for most home buyers is to get preapproved for a mortgage.
Do NOT be surprised at the huge impact your clients’ credit score has on your business as a Real Estate Agent and how much you get paid for your services. Let us list a few ways a Home Buyer’s credit could affect your business as a Realtor.
Prospective Client with High Credit Score – Did you know that higher credit score clients earn you higher commissions? Think about it. When a client doesn’t get preapproved for the loan amount they’re seeking due to bad credit, they end up settling for less money i.e. less commissions for you. However, when a client is seeking a certain amount of money for a mortgage loan and they get approved for a higher amount, they usually go for it. It makes sense, right? You would too.
However, it is necessary to say that if a client can get approved for a higher loan, or their partner can, it doesn’t mean they should.
Best Referral Sources – As we know about referrals, they help keep a business alive. Clients with higher credit scores are more likely to be repeat clients and these leads to your assistance with helping them secure investment properties.
They’ll absolutely trust and love you, assuming you’re a person of integrity. To snag real estate investment properties, one must be listed as being a “Strong Borrower” since it is considered as a competitive advantage. An indication of this is having a 740+ credit score.
You see, clients with higher credit scores have proven that they are good at managing their money and seem to have some saved for the rainy days, as banks or some other lenders require that serial investors have a reserve for each property set aside.
Want to Start Your Own Credit Repair Business >>> Go to www.diamondethical.com/get-your-credit-repaired
The happily settled clients who are steadily paying their mortgage are more likely to refer friends and family members to you. It becomes natural for these happy home buyers who have less financial risk on the line and are more likely to be financially stable in the coming years to tell everyone who helped them get there, You.
Imagine if they might have friends in similar positions or higher, your referrals will be rock solid. Nevertheless, it is important to note that the young couples who got nudged a bit towards getting the home that was outside of their budget, who probably have a baby on the way, are wondering if they should have turned down getting the house.
They will certainly not be a great referral source for you. In fact, unhappy clients may be a source of bad press, something that’s hard to shake off. Therefore, be mindful of these things.
Clients Getting Unfavorable Mortgage Loans due to Bad Credit Reflects negatively on You – Clients with low credit scores usually have very limited mortgage loan options and they tend to seek advice from the available experts, which are typically you and/or Loan Officer. Therefore, you MUST hold the key to the Kingdom which is assisting them with that obstacle. You owe it to them as one of those complimentary services, whether paid or not.
Too Much Dependence – Clients with credit scores that are not in the high 700s often need your assistance in utilizing other resources like the FHA and VA loans, which typically help hardworking families become homeowners. If you choose to work with buyers who have lower credit scores, you’ll need to go the extra mile to educate yourself on alternative financing options like these:
Higher Down Payment - Your client will have to offer more cash upfront if they have a poor credit, in order to sweeten the deal. Nevertheless, as the market is trending, people with higher credit scores are offering a higher down payment as well. Therefore, helping them improve their credit score is still a good idea.
FHA loan – In the US, over 3,000 counties have since decided to follow the recent national limit increase i.e. with some loan limits for single-family homes reaching in the high $500,000.
VA loan - Eligible borrowers include “veterans and service members, spouses, and other eligible beneficiaries.” It’s worth looking into if a VA loan could help a client save money on the down payment or get approved sooner.
In this article, we want to hand you that key to use. It’s up to you to use it to assist your clients.
Are you tired of not closing the sale and missing out on getting paid the big bucks that your prospective client has a lower credit score?
Are your clients being turned down for home loans and refinancing, perhaps other opportunities because of a low credit score? Let’s change that.
Do you want your fellow realtors to marvel in awe of your unusual growth in business sales? We have a solution for you.
We all know how expensive companies charge for “Credit Repair” these days. We’ve heard $1,500 or $2,200 or $3,500. We could all learn quite a bit from that. Here it goes…
What if we could provide you with a system i.e. service/tool that enables you to help your clients establish an excellent credit score while securing their personal and financial affairs, along with purchasing the home of their dreams, all at the same time?
What will it be worth to your real estate business?
If we told you that you could get paid for helping those same clients of yours get an excellent credit to get preapproved for that family home they desperately desire, would you believe it?
To make your clients exceptionally happy with all of your services, you must have a system that could help them with credit restoration for deletions of inaccurate items, credit builder for maintaining positive habits in adding impactful tradelines, credit monitoring for tracking the progression of their credit scores, a credit attorney available at their fingertips in case of difficult and emergent disputes, a debtzero to help them pay down some of their debts in a timely and effective manner in order to boost their credit limit ratio in a significant way.
We know what you’re thinking… If there were a system like that, what would it cost? $10,000 or perhaps $50,000 or more.
You won’t be too far from the truth. However, what if we told you that this system could be worth about $3 per day to your clients instead of the $3,500 they would get elsewhere? We want to provide you with that system today.
What is a client worth to you?
Let’s assume a client is worth $2,000 to you, on average. If you lose just 5 of those in a month, you would have lost $10,000 and we both know that, such amounts don’t just come by.
They are engaged with precision using tools like we’ve highlighted to you to keep clients coming back and sending you referrals from all corners. Why not have that in your arsenal and earn money with it as well?!
You’ll have no need for overheads (i.e. other people you pay, office space, software etc.). There will NO need for you to master how “Credit Repair” works either, in order to use the tool. All that has been done for you, so you can easily focus on the actual services that you’re best at and provide to clients.
We do the “Restoring” of credit for your clients. You get a website portal that enables you to place them in the system for the Credit Restoration process. They can be in your pipeline for the period of completion of their home purchase. And you earn while their credit is being restored.
Listen, it doesn’t matter whether your clients have great credit or poor credit, many parts of your business will be affected by it i.e. from closing a sale to getting referrals and creating a network of happy clients. You MUST understand credit (not credit repair), and how you can use that weapon to close more sales and help your clients get the home they deserve.
Want to Start Your Own Credit Repair Business >>> Go to www.diamondethical.com/get-your-credit-repaired