There is no legal reason to use an estate agent when buying a house, and many people prefer to avoid the fees and deal directly with the vendor when buying their home. If they have time they trawl the Internet, look out for private small ads and drive around their desired area on the weekends. If they don’t have the time, they can come to you, and pay a partial, modest up-front fee to do it all for them.
When you notify them about a suitable home and the purchase goes through, they pay the balance of your finder’s fee. You can do the same for sellers of course, and both they and the buyer of a particular house may be your clients. So in effect you are an estate agent, but don’t get involved in valuing or negotiating.
Of course you can also notify buyers of agency-advertised properties, and earn your fee in the same way if the house-hunters are happy with what you find. Local knowledge will be your big asset for would-be buyers from other areas.
Advertise your service in low-cost lineage classifieds.
You can also supply this service for property investors, who are actually more used to paying a finder's fee anyway, and people who just want to rent are just as likely to need your help.
So, that's another income stream that needs no money up front from you.
To your wealth and success!
Learn more about multiple streams of income and how you can be debt-free.
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