Coordinating showings for listings has never been fun. In the luxury market, for example, listing agents have always known that open houses are for crowds and private tours are for privacy. With occupied listings, coordinating tours around the owner’s schedule (or their tenants’) has always been a headache. But in 2020, we’re seeing a perfect storm of compounding and complicating factors: limited inventory and low interest rates have led to strong sellers’ markets across many regions while restrictions introduced to suppress Covid-19 limit the number of buyers that can visit a listing at any given time.
Experienced Agents know the old adage is true: You have to spend money to make money. Whether it’s building your brand, acquiring leads, or publicizing your latest listing, agents know that reaching the right person comes at a cost. Top Producers also know that commission checks too often come in ebbs-and-flows, while expenses tend to show up like clockwork. Rather than racking up credit card debt (and the stress that often accompanies it), Agents should leverage commission advance services to unlock their future earnings when they need it most.