You might need to get a listing advance so that you can have cash flow to keep your business going. This is as you wait for your clients to close on any active listings that you have. Here is how you can get an advance and maximize it.
Get more money from two listings
If you have at least one active listing, you can get an advance. However, if you have at least two listings, you can request for a bigger advance. This will see you get more money to run your business. Therefore, consider asking for an advance on more than one listing if you need a lot of money.
Sell more and get bigger advances
How much money you can ask for also depends on your selling history. If you sell more houses in a year, you can ask for more money than someone who sells a few houses. This is because your risks are smaller as the company is sure that you will be able to close many other sales and they will recover their money.
If you ask for an advance from the same company over and over, they will be more open to doing business with you. They will also be willing to give you a higher figure than they would if you are completely new to them.
That is why it is a good idea to deal with one or two lenders instead of jumping from one company to another one.
Get your cash fast
Unlike other traditional lenders, companies that give work fast. You will get the money within a short time. Since this money is meant just for people who are in the real estate industry, they understand your needs better. They understand that you need the money and that you need it fast.
They will release the funds to your account as soon as possible. In some cases, you might
even get the cash a few hours after applying.
Get in touch
If you have a pending sale and you think that this kind of advance would be ideal for you, get in touch with a company that provides one. You can either give them a call or send them an email. You could also send them a message through their website. From there, you will be advised on how you can proceed.
To get started on your application, check out the website of the company. Fill out the application form and sign the agreement. This should take you less than 10 minutes. Your application will be reviewed and you will receive an answer on the same day or the following day.
The advance can be paid back within a number of days. You have to state within how many days you expect the deal to close. This can be a few days or even weeks or months. The closer it is to the closing day, the more you will be allowed to borrow.