Wednesday, 25 November 2015

Middlegate Funding - Providing Industry Support

Middlegate Funding advance commissions to real estate agents and brokers on residential resales and leases, commercial sales and leases, and other types of real estate transactions.

Most homeowners who are selling their homes turn to a real estate agent. And it’s as good thing, too: studies show that by using the services of as skilled agent, a homeowner is likely to sell a property faster and for a higher price than if they do it alone. According to the National Association of Realtors, only nine percent of homeowners for one year decided to sell their home on their own.

The numbers are only slightly higher for home buyers: about twelve percent choose to work without a real estate professional.

Real estate agents never get paid until after they have closed on a sales transaction. They might work with a client for weeks and months, researching the market and arranging for open houses. But if the property doesn’t sell they won’t get paid. They don’t have the luxury of hourly rates and billable hours.
The commission is a negotiated percentage of the final sale price, and it is typically split between the buyer’s agent and the listing agent. So when a deal is finally closed and the commission finally reaches the agent, it’s a big day – almost a cause for celebration. Because of the say the industry is structured, real estate agents and brokers often get caught up with cash flow problems. And that is where Middlegate Funding can help. They provide real estate professionals from coast to coast with the commission advances they need, and at the lowest rates in the industry.