Category Archive : Finance

Buying Used Cars: Things to Look Out For

With the recent inflation in the prices of brand-new cars, people are beginning to view the purchase of used vehicles as a viable option. As a result of this, the demand for used cars has risen, thus prompting car dealers to stock-up used cars.

Car dealers are not the only ones taking advantage of this; car rental companies and private individuals also offer great deals on used cars.

However, if you are among the many interested in purchasing a used car, below are vital questions that you should ask concerning the vehicle in question.

  • What is the State of the Vehicle?

All vehicles have an estimated mileage ranging from 50,000 (or less) – 100,000 (or more). And it is possible to exceed this mark, but only where the vehicle is in good working condition.

In a situation where you buy a car that has already reached its maximum mileage, your use of the vehicle will likely be minimal. It is preferable to purchase a vehicle within a 50,000-mileage range (or one a little bit above that).

  • What’s the Nature of Your Budget?

This question is of utmost importance because the resources available to you determine the kind of car you can purchase. Hence, you should have a budget that will help I streamlining your expenses.

Another option available to you in this regard is to go through a dealer, i.e., an insurance company or agent. It is important though that in buying the vehicle, you do not bite more than you can chew.

  • Have You Looked into the History of the Vehicle?

With the advent of the Internet, information on almost everything can easily be sourced out. When buying a used vehicle, it is only natural that you check into the vehicle’s history, such as its listed previous owner(s), its involvement in accidents or theft incidences, etc. All of these may be sourced out from the right online sites and apps.

  • What is the status of the vehicle?

Sometimes in the conduct of deals of this nature, the dealer may offer you a “certified pre-owned (CPO) car. These are used cars that are almost as good as new and can be so certified by the dealer (by offering the buyer a warranty on the vehicle). To put it, purchasing a COP car is equivalent to buying a brand-new car for the price of a new one.

  • What Kind of Sale is it?

It is quite essential to know which way you are leaning towards purchasing a vehicle. Are you going to a dealer? An agent? Or would you instead purchase from a private individual? If the last is your choice, then there are some things you have to look out for. One of these factors is:

The type of car: the answer to this question determines where you go to get the vehicle you want. A collector? An ordinary private seller? Well, it depends on your choice of vehicle, how common it is, and what amount of money you are willing to spend;

The car ought to be checked thoroughly by a mechanic of your choice. Where the seller is reluctant (or blatantly refuses) to let you do this, back off the deal! As this is a red flag that something is wrong with the vehicle and to save yourself unnecessary headaches, walk away from the agreement – no matter how tempting it is.



Grants For Seniors

Many American seniors are finding it difficult in managing their fixed incomes. When utility bills, housing costs, medical bills of American seniors accumulate, they cause a considerable strain on their finances. There is plenty of free money available to these seniors.

There are organizations that give a grant to seniors in need, but these seniors first need to find such organizations. Such grants assist seniors with their medical bill, housing, and other personal expenses.

Below are types of grant specifically made for U.S. seniors and how to apply for them:

Seek Out Grants Specifically for Seniors

There are several grants available to seniors, but you need to search for them in specific areas to easily find them. Some grants are available only to organizations, groups, and charities.

Therefore, during your search, you need to be specific about your needs so you do not end up seeing grants that you can’t access. Common helpful areas available to seniors include:

Senior Housing Grants

Housing grants that help seniors find affordable housing or subsidize their current housing costs are available. Organizations like Habitat for Humanity and HUD are known to provide several of such aids. The United States government has housing grants for seniors that are 62 years of age and above with a meager income. With this grant, seniors can live independently while reducing their costs.

Senior Income Grants and Benefits

There are some struggling elderly persons who social services alone can’t cater for all their needs. There are grants available to such seniors, but they first need to meet specific criteria. For instance, in the United States, people with meager income and resources who are 65 years and above could qualify for the government’s Supplementary Security Income (SSI). This program gives up to $600 per month to qualified seniors.

Home Repair Grants

There are several governments and nongovernmental home repair grants available to seniors. Organizations like PacifiCorp and Habitat for Humanity provide housing repair grants. There are also federal, and state home repair program that even give out loans to seniors.

Senior Utility Bill Grants

In the United States, the federal government and many state governments offers a Home Energy Assistance Program. This program caters for the heating cost of qualified seniors by providing cash grants. The eligibility rules for each state are different, so do check with your local state office for details.

Consider A Government Grant

Most of the grants offered by the United States government are given to organizations, not individuals; still, there are grants seniors can utilize.

Several grants ranging from educational to housing and even finance are provided by the government for seniors to live independent lives. Some of these grants, like the Pell Grant for education, are not age-restricted. You can become aware of the grants available to you by searching for them and applying to those you meet its requirements.

Check Local and National Nonprofit Organizations

One way of getting grants available for seniors is by reaching out to charitable organizations and groups. Most of the grants are given directly to them. Most grant offering organizations are compelled to use the money to better living conditions of deserving seniors. If you feel you are worthy of the grants, all you need do is reach out to them.

There are many aid and grant offering charities around which seniors can check and benefit from them. In the United States alone, there are plenty of such organizations that provide help of different types. Some of them include:

  • Alzheimer’s Foundation of America
  • Meals on Wheels America

You could benefit financially from local charities that offer their grants. You could also reach out to larger organizations that provide grants regardless of age.


There are utilizable grants for seniors at any time. Seniors can use this free money to improve their living conditions and financial conditions. To be able to benefit from grants, you need to search for them as they are not advertised publicly.

You can use the internet to search for grants databases like Federal Grants Wire, GrantsWatch, and for available grants that you qualify for. You can then go-ahead to apply for these grants and use them to better your living condition.

12 Steps To A Better Credit Score

Your credit score plays a critical role in your finances. Having a bad credit score could become burdensome. Credit scores are not fixed; they are continually changing. You can improve your credit score by making some little financial adjustments.

Below is a 12 step plan that could help improve your credit score

1: Scrutinize your credit report.   

Before any improvement can be made, you need to know where you are as regards your score. A copy of your credit report is made available to you annually. You should also try getting your credit report from three different credit bureau, and compare the three reports.

You should watch out for the following when scrutinizing the reports:

  • Discrepancies or errors
  • Unrecognizable accounts or transactions
  • Do you have any hard inquiries, and how many are they?
  • Missed or late payments
  • How much available credit are you utilizing?
  • Are you defaulting on any of your accounts?

After thoroughly examining your report, you can begin making plans on how to make adjustments in the needed areas in the steps to come.

2: Errors on your credit report should be disputed.

Immediately move to get errors removed from your credit report once you notice them. Ridding your report of false and suspicious information will increase your score, but this can only happen when you raise the alarm regarding the errors.

It is within your right to dispute any error in your credit report with the three-credit reporting bureau. The Fair Credit Reporting Act (FCRA) allows you to do so and for free. So you need to inform each of the three credit reporting bureau (Equifax, TransUnion, and Experian) of the error and they will mine to correct them.

3: Plan on Making Prompt Payment of Bills

Early bill payment is a critical factor in getting a good credit score. Late payments could harm your credit score, so you should make plans on how to meeting early bill payments. You could set reminders or automatic payments for some of your bill. With this, you won’t fall late in your debts, and your credit score will improve.

4: Consider Consolidating your Debt

Having debts from different sources will hurt your credit score. These various debts will mean you have a few accounts that will be affecting your score. Consolidating your different debt into one loan or one lender will make it easier to meet your monthly payment. This consolidation also helps improve your credit score.

5: You Can Start Using the Snowball Method in Paying Off Debt

In the snowball method, you identify your lowest debt and focus on paying off that particular debt. This does not mean that you ignore your other obligations, you channel more funds to that particular debt while paying a little amount for the other debts.

After paying off that specific debt, you choose the next lower debt and aggressively pay it off just like with the previous one. In this way, you will be able to gradually and consistently pay off all your debt and improve your credit score.

6: Pay Off Defaulted Debts

Defaulting in paying your debts will hurt your credit score. The extent to which default debt affect your score varies. Some scoring model will rate just the fact that you defaulted while others may evaluate the size of the payment you defaulted in. Settling your defaulted debt will put up back on track to getting a better credit score.

7: Check your Credit Utilization Ratio

The credit utilization ratio is one crucial factor that plays a significant role in your credit score. Having a low credit utilization ratio of 30 percent or less means your credit score is in good shape. If your credit utilization ratio is high, you can cut down on your credit card spending to have a lower ratio. Keeping your account information up to date and making prompt monthly payments will increase your credit limits.

8: Utilize Score Boosting Tools

There are tools offered by Experian and FICO, which helps boost your credit score. Experian Boost is the tool provided by Experian, and it allows credit bureaus access to your banking information. They will be able to see early payments made and available funds in your account. UltraFICO is offered by FICO and allows you connect your bank accounts to your credit report. These tools help bring improvement to your credit score.

9: Avoid Hard Inquiries

You’ve come a long way now in making improvements in your score. It is paramount that you stay away from anything that could destroy your hard work.

When you receive hard inquiries from lenders, they cause a hit on your report that could lower your credit score. Although this decrease is temporary, it should be avoided as it can hamper your progress in getting a good credit score.

Getting a new credit card or new home loan could cause you to get a hard inquiry.

10: Ask Credit Card Companies for RE-AGING

There are cases where you previously have credit card debts but have recently been paying up those debts, and it is yet to reflect in your credit score. In such situations, you should contact your credit card companies and ask them for a Re-aging which involves clearing out your previous lousy credit card record. So, when credit reporting bureaus are making their monthly report, your improved credit card record will reflect on your monthly credit score.

11: Ask for Rapid Rescoring from Other Lenders

Rapid rescoring is similar to what happens in Re-aging. Previous bad records still in your report will continue to affect your score as long as they are there. Once you start meeting up with your payments and maintaining good records, you can ask other lenders to update your account and clear out those bad records. Once these bad reports are out of your records, it will give your credit score a nice boost.

12: Keep Your Old Accounts Open

In the excitement of paying off your debts, you might want to get rid of those accounts. It is not advisable to do so, keep those your old account open and active. Old accounts have a good effect on your credit score, make sure not to rack up high balances, and keep spending on those accounts to the minimum.

How To Maximize Your Tax Refund

The taxpaying season comes with complications as calculations on how much tax you owe for the previous year has to be made while trying to maximize the refund you get from the government. You could get a significant refund, but first, there are specific things in your financial records that you need to look for.

By consolidating several tax benefits like deductions, credits, and investments, there are several proven ways to maximize tax refund. The following are the steps I took to maximize my tax refund.


One big way to save your tax and add to the amount you get in refunds is through deductions. Having a significant number of deductions reduces your taxable income, and result in your getting more refunds rather than handing over your cash. There is a less stressful way to getting deductions which is by simply taking the standard deductions, which in 2018 was $12,000 for single filers and $24,000 for joint filers. But by itemizing your deductions, you get a better financial benefit when it’s time to pay tax.

Though it might be a little bit difficult to itemize all your business expenses, it’s worth it at the end. Taking the standard deductions means you will miss out on those expenses that will reduce your taxable income and even earn you more in tax refunds. Several deductible business expenses include office space rent, ink, cell phone bills, travel expenses, and even membership fees for professional organizations.


The deductions I itemized was not limited to my business expenses. Another area where you can make deductions to get a bigger refund is in your medical bills. You are allowed to deduct every medical bill you’ve paid over the year, so do not hesitate to do so. Taxpayers medical expenses above 7.5 percent of their adjusted gross income(AGI) can be deducted, as it is allowed by the IRS. I had an AGI of $45,000 and was able to make maximum medical expenses deduction of $3,375. My total medical bill was $7000 and about $3,625 of payments made to doctors, and medical offices were deducted. You could also benefit from this deduction by going through the stress of itemizing them. By so doing, you are not just saving your AGI of thousands of dollars but will also get an increased tax refund.


To get significant tax refunds, you need to have reduced income and less tax owing. One right way to achieve this is by paying into tax-free accounts in the year. With this step, there will be a reduction in your overall income. There are several untaxable accounts which your employer probably offers. Some of such type of account are health savings account(HSAs), flexible saving account(FSA), IRA or 401k, and many more. For example, when you deposit $5000 in the course of the year into an IRA, IRS allows a deduction of up to $5500 when it’s time to pay tax. Also contributing to a retirement account gives taxpayer additional bonus credit. The IRS gives $1000 credit for individual contributors and $2000 credit when there is a joint filing of the contribution. Ask your employers about these untaxable accounts and contribute to them, so you get deductions and good tax refunds.


Apart from deductions, tax credits are a great way of boosting your refund and reducing the taxes you owe. They directly take money off your tax total and add to your refund, leaving you with less tax payment.

The following are tax credits you could become benefit from

  • Earned Income Tax Credit: these type of credit is given to low-income families and working individuals.
  • Child and Dependent Care Credit: you can get credits for expenses on children and dependents up to $3000.
  • Child Tax Credit: you can get up to $2000 credits per child in your home.
  • Premium Tax Credit: those that purchase health insurance through federal healthcare exchange get a premium tax credit which reduces the cost of the premiums.

To maximize your tax refund and minimize taxable income, you need to know the current tax laws and how to benefit from the deduction, tax credits, and other financial information.


Important Facts About 401k That No One Told You

A 401K is a retirement savings plan that is liable to tax charges. Through this plan, the employee, under the sponsorship of the employer, makes particular investment periodically until after retirement before it is tax applicable.

The advantage of this plan is that if you start your contributions early, you’re likely to have significant savings towards your retirement. Nonetheless, below are some vital facts you need to know about the 401k retirement plan.

The minimum among you can contribute under the 401k plan is pegged at $18500; though this varies according to the selected program. Not everyone can afford such an amount; so, arrangements were made for the $12,500, as at 2018, which can suit low-earning workers. Before you can calculate the percentage of your earnings that will go into this saving plan, you need first to determine your employer contribution and the amount of tax involved.

If you decide to withdraw the savings before the set time, it will incur a charge of 10%. To avoid the penalty, try not to withdraw the money before you clock 59 years, and also, you shouldn’t withdraw above 50% of the funds during active employment.

The least amount that can be withdrawn every year after you clock 59 is referred to as “retirement distribution.” For those who wish to retire early, the minimum age will be reduced to 55 to avoid incurring the 10% penalty.

Also, these penalty charges do not apply to those who are forced into early retirement due to body disability.

Once an employee retires, the IRS begins to tax the retirement distribution. One of the significant advantages of the 401k plan is that you can make non-taxable contributions to your account before retirement. Hence, the taxable amount at retirement becomes reduced.

However, the moment you attain 59.5 years of age, taxes becomes applicable to the money; thus, making it compulsory for members to withdraw their retirement distribution.

Another point you need to take note of is the “expense ratio.” There is this false perception that you do not need to pay any additional fee for your 401k savings. It is a very wrong notion. There are cases where some people have to pay even higher than usual to the fund manager who sustains the retirement account. It can happen even without your notice.

Therefore, you must understand that as your savings increase, so does your fees increase, and sometimes it can grow up to 30% of your total savings. Let’s observe a case study: An employee saves about $500, 000 in his retirement account with a 1% expense ratio. Such employee is likely to pay $5,000 as charges for that single year. So, it is direct mathematics, the higher you save, the bigger your expense ratio for that year.

Finally, you need to withdraw at least 4% of the cumulative amount during your first year of retirement so that you can keep the 401k account functional afterward. But then, a recent hike in the cost of living has made it challenging to meet primary expenses with such 4% withdrawal benchmark.

Therefore, you should commence your savings earlier enough so that you won’t have to accrue beyond the required amount to clear your expenses after retirement.

Essential Things To Know When Renting

This is a quick summary of the things that you ought to look out for when planning to rent an apartment.

  • Issues Regarding Security Deposit: The law’s provision on this differs from jurisdiction to jurisdiction, and this is why you must look into it before committing yourself to anything. The landlord is, however, allowed by law to increase this deposit where a pet will be resident in the apartment as well. But the law guides this increment.

Typically, the law provides for the return of the security deposit at the end of the tenancy period. Therefore, if the landlord intends to keep apart or all of the deposit, he or she should notify the tenant via a letter, stating his intention and reasons within the legal time frame. A failure to do so may attract financial sanctions.

It is important to understand that this deposit cannot serve as the rent due in the last month/year of the tenancy, as this is not the purpose for the deposit. Security deposits can only be used for the purposes agreed to by the parties and nothing more.

  • Renter’s Insurance Clause: in most tenancy agreements today, a renter’s insurance clause is present. A default in the payment of this insurance plan equals a breach of the tenancy agreement and may result in the tenant’s eviction. Although it seems like an unnecessary bother, this insurance policy only serves to protect you and your property. Hence, where it is not included in the agreement, obtain a plan for yourself.

You must understand that an insurance plan maintained by the landlord does not cover your property or losses incurred in the event of an accident.

  • Tenants’ Rights: In all jurisdictions, the Landlord and Tenants laws provide adequately for the rights of the tenant. And as a prospective tenant, it is essential that you are well informed, and versed, in these rights. These rights range from trespass on-premises by the landlord, the safety of premises for habitation, provision for heat and water supply, peaceful and uninterrupted possession of premises, other property utilities, full disclosure of potential defects/hazards on the premises.

It is irrelevant that these rights are stated in the tenancy agreement or the tenant agrees to the full or partial waiver of these rights. These rights are enforceable, and any infringement of any of them may result in legal action against the landlord by the tenant.

  • Increase in Rent: The increment of rent while a tenancy lease still subsists is prohibited in all jurisdictions. Hence, rent can only be increased when the contract expires. Therefore, the landlord has to inform the tenant of his intention to increase the rent at the end of the lease within a reasonable time. This notice will enable you the time to decide whether to renew the lease despite the increment or seek alternative accommodation before the expiration of the current contract.
  • Eviction: as with every other area in tenancy law governs the expulsion of a tenant. There are instances accepted by law where a landlord may evict a tenant, these instances are discussed below:
  1. Where the tenant defaults in the payment of his rent;
  2. Where the tenant breaches any term stated in the contract.

In either of these cases, the tenant is to receive a notice from the landlord informing the former of the latter’s intention to recover the premises. In the case of a default in rent payment, the notice affords the tenant a period of grace to pay off his outstanding rent and other accruing charges. Upon this payment, the tenant is entitled to continue the lease. The period provided by law for the notice is 3days.

Although the tenant has an ample opportunity to state his case/defense, judgment will likely be given against him if he has defaulted in payment. When this happens, the tenant is ordered to vacate the premises within a specified time, where he fails to, the sheriff will forcibly remove him.

A basic knowledge of these essential facts is necessary as it will enable you to go into a rental with eyes wide open.

How To Save Money At Restaurants

One of the best avenues for saving money on meals is to eat at home. However, there are times when you don’t just feel like cooking. There are avenues for saving money when you decide to take your meal in a restaurant. Follow these tips to enjoy your outdoor meals without spending more than you should.

1.  Order Water.

Placing an order for a margarita or taco is not be the most fascinating thing to order in a restaurant. But it is a healthy choice for a diet and also inexpensive. In the same vein, you should consider ordering water with your meals instead of other drinks. If you place an order for a beer, cocktails, fountain drink or wine, you will definitely have to pay more -perhaps more than the meal itself. Water is the best drink you can take with your meal; it also helps you keep more change in your pocket.

2.  Use Coupons.

There are promotional coupons all around these days, you should take advantage of them. Those coupons are meant to be used anyway. There are several great deals out there that can take a few dollars off the cost of your meal or offer you a percentage discount. Go online and search for restaurants coupons. You can choose to search for websites that provide coupons and look for a restaurant close to you. Another option is to turn to Google search, type a restaurant’s name with the keyword “promo code or “coupon.” You will be surprised to see discounts that you have been missing all these while.

3.  Have Kids?

There are several restaurants in your city that give kids free meals when the parents order certain meals.  You can take advantage of such offers if you’ve got kids. This type of offers allows you to take the entire family out for a treat and make substantial saving through free meals for your kids!

4.  Swap Your Entree For An Appetizer.

Who says you must order an entrée every time you visit a restaurant? Why not choose to go for an appetizer? The size of entrees and appetizers are about the same, the main difference is that appetizers are much cheaper. So, you will be making lots of savings when you buy an appetizer instead.  However, bear in mind that appetizers are not balanced diet, so you may order a side salad to balance things out.

5.  Share A Meal With Someone Else.

The portion of food that American restaurants dish out per meal is huge. That is why you often see leftovers on tables. So, if you are with a group, you can decide to share a plate with someone else who wants the same meal. All you need to do is to request for an extra plate and share the meal -and the bill. That way, you will be cutting the cost of your restaurant meal to half.

6.  Take The Leftovers Home!

Do you often have leftover after a meal in the restaurant? Or you do force yourself to eat more because you do not want to waste the leftover. Here is a way out, eat your fill at the moment, and ask the restaurant to give you a takeaway pack. Pour the remaining meal inside the pack and take it home.  You can them heat it up the following day for another meal.  That is eating two meals at the price of one.

7.  Order It To Go.

Rather than eating your meal inside a restaurant, place the order in a takeaway package. You might be wondering, “why order a meal in the restaurant just to eat at home?” The idea is that the takeaway package is much larger, chances are high that the restaurant will serve more portion in the takeaway package.  So, you can get more meal for less, you may even divide the portion and take the second half as another meal altogether.

8.  Look Out For Happy Hours Deals In Town!

Many restaurant offer deals during other off-peak periods to keep the restaurant busy. Search online, ask friends and restaurant attendants about their happy hour deals. These deals can save you loads of cash on your meals.


How To Easily Save Money

Making savings is an excellent habit, whether you have lots of money to spend or you are living from one paycheck to another. It is a good habit to have some funds in store for an emergency, investment, or to buy your dream car.  One of the best ways to save money is to avoid impulsive spending, even if you have to charge the cost to your credit card.  The same principle of paying off your debt applies to savings. If it is a priority, you will be able to save, no matter how much you are earning.

These strategies below will help you in your quest to start saving.

Search for the Best Deals.

Always look out for deals when you want to make a purchase. However, those deals must be related to what you need. There are various coupon deals online and offline. Besides coupons, you need to pay attention to your local store deals as well.  For instance, some stores offer deals on specific weekdays, go for your shopping on those days to make substantial savings.  The most important factor about using deals to save is to use it continually, not just for a season. For instance, some businesses offer deals to gain new customers and withdraw the offer on subsequent purchases.  If that is the case, walk away and find other deals.

Free Haircut

The cost of having your haircut every month is not a fortune, but that amount can add up to something substantial over time. Yes, you can get free haircuts, and save the money into your piggy bank every month. Do you have salon academy in your area? These places have lots of trainee stylists that need to put their skill to test. So, these places offer free hair cut during their salon hours and have trainees take over.  You can go to those locations during the free hours to get your haircut.

Take Shorter Showers

It is relaxing to linger under the shower, especially during a hot day after work. But do you know that keeping your water running means incurring additional expenses? Reduce the hours you spend under the shower and minimize running water when you can. You will be surprised that your next water bill will be lower than usual.

Kick Expensive Habits

There are lots of habits that are only good for draining money from your pockets. For instance, smoking is not only bad for your health, but it also unacceptable socially in most places. In short, smoking is like flaring your money into flames. Think about other habits that are draining your finances and take steps to stop them.

Stay Home More

It’s good to go out with friends and socialize. But socializing in public comes at a price.  If going out with your friends a couple of times a week costs you $100 per outing, that can really add up at the end of the month.  So, rather than going out all those times, invite your friends to hang out with you at your house.  You can subscribe to Netflix and watch the latest movie in your home for a paltry sum instead of going out to the movies.  You can even decide to rent a movie and watch in your home. Moreover, you will be saving the cost of transportation or gas for your car as well.

Do Your Workout at Home

Going to the gym to do your workouts is an excellent idea, especially when you need encouragement from others to keep up with your fitness plan. But paying for a fitness club and not attending the sessions is a bad idea. If you realize that you do not have the time to attend workout sessions in the gym, stop the membership, and do your workout at home.  There are many online tutorials you can follow to do your workout. You can even download workout apps and follow the training sequence that the app provides.

The baseline for saving with all the strategies above is to channel the money towards your savings each time you cut cost.  For instance, when you quit the gym, add the monthly subscription to your savings instead. You will be surprised how fast your savings will grow.


Advantages Of Hiring A Real Estate Coach

Interested in becoming a realtor? Do you know the benefits of being a real estate professional? Are you interested in real estate coaching? It’s a fact that if you are a realtor, you have a lot of advantages. You can improve your communication skills which can help you negotiate a better.  If you hire a real estate coach to teach you the art of the real estate business, you can perform even better.  In fact, It can lead to a successful real-estate business. But what are the benefits of hiring a real estate coach?

Proper Business Planning

If you own a business, you may know that planning is the base of a successful business. A well-designed business plan leads the business to success compared to a business without a business plan. Real estate is also a business, and it needs proper planning.. You can get services of a professional business plan writer specifically for this purpose. It may even be beneficial if you compose your business plan on your own. However, if you are new to Real Estate you may want to hire an experienced realtor instead.

A real-estate coach may train you to help get insight into your possible clients.  Through years of experience the real estate coach is able to make reliable estimates and give you new opportunities. You may establish your ultimate objectives and a successful marketing plan to achieve all you want. A coach can give you a real estimate of revenues and expenditures which will leads you to profit.

Networking & Communication

You may be a successful real estate agent if you have an expanded network. The more clients you have, the better are the chances of a deal.  You must have an interaction with your tentative clients and engage them with you. A few property agents should also be in your network. It reflects the skills of a successful coach if he makes you an expert in networking.  You have a variety of ideas and can express what you are planning. You can make a positive impression. And learn how to build business relations.

Marketing Strategy

You may learn through real estate courses. You may join a seminar and read real estate books and articles.  However, that will not translate to experience, experience is a necessity. According to a recent study, a coach may increase revenue up to 25% a year as compared to those who have not hired a coach. The improvement of marketing skills is the main reason for this increase.

It means a coach may polish your marketing skills. You may do this by copying your coach and asking questions. If you compare your strategies with your coach’s techniques, you may be able to develop your communication skills. Your coach is your mentor, who will help you a lot. You may evaluate your business strategy; you may market your skills and have new ideas for your business.

Independent Business

You may run your real estate business as an independent professional. You need not work under a boss if you are skilled. You may win real estate contracts and work on your own. You may grow your business through your skills, expertise and efforts. The best part is, you break out of the 9 to 5 and wont have anyone no one to order you around. This is all possible if you put in the work.

Though a positive behavior and professional ethics are necessary, you must have an insight into your business and a dynamic marketing strategy. A coach may share his experience and impact your knowledge of all business tactics allowing you to take full control of your future.

It’s very possible to become a skilled realtor with the help of a coach.  Starting off, you may not know of all the barriers however, having a seasoned professional on your side will help overcome these barriers before they arise. After further training and once you pass the real estate evaluation. You may pass any real estate evaluation, and this may help you to become a broker.

How To Select A Coach?

Finding a coach isn’t hard, however you must ask yourself these questions.  First, identify your requirements, what are your weak points? Do you want a business plan or to polish your skills? Picking the coach with the best portfolio is the best way to go.  Ask yourself who can bring a change in you and your business today?