Getting paid to help people buy or sell a home is not a stressful task. Unless you haven’t sold a home in months. Then it can get to you when your Estate Agency has quotas for you to meet.
To help keep that stress off your back, there are some ways to help improve your salary and be a successful agent. Keep reading to find out about these tips to make more Pounds.
The salary you will earn will depend on your experience. Unless you are some star coming right out of college or public school, most estate agents need to learn the tricks of the trade before making the big bucks.
When you get started in this fine business field, here are the salaries you can expect to earn in different United Kingdom cities:
But can be lower in Manchester and Birmingham. All figures are per annum. The amount you make will also depend on how many hours you dedicate to selling, buying for others, and so on. It takes some hard work to be successful and make over 100,000 GBP per year.
Nothing is guaranteed. As the estate agent's motto says- Location, location, location, you can make more money in one location in the United Kingdom than in other locations.
It just all depends as people prefer one city over another and when the demand is low, so will be an Estate Agent’s salary. The good news is that the United Kingdom’s estate agent’s average salary is almost 42,000 GBP and which is higher than other industries' average salaries.
If you want to make more than the average salary or lower, then there are some things you should do to boost your income:
The average salary will fluctuate from year to year. It is not that important to focus on this aspect of the business. What matters is that you focus on doing your job well.
That way you stand a better chance of making more than the average UK estate Agent’s salary which stands roughly at 42,000 GBP. You can make that a goal for your salary or you can use it as motivation to do better in your profession.
As you gain more experience and make better sales, your salary could go as high as 50,000 to 100,000 pounds. Your salary will depend more on you than it will on the Estate market in general.
Good agents can make a good salary even when the market for housing turns soft. How well you do depends on you and the support you get from your brokerage firm.
London is a preferred location for many younger people. They think their dream job is there and they flock to the city. When that happens, the demand drives the prices up so you have a better chance of making more money than if you were out in the country or smaller towns.
Right now, depending on experience, the average London Estate Agent is making between 50,000 and 250,000 BP. That is about twice the amount on the low end of the scale for estate agents based in Rotherham, Oxford, Birmingham, and Manchester.
However, the competition to make sales in London is tougher. You have a lot of estate agents trying to sell or help people buy the same available homes. You have to be on top of your game when you move to London to pursue your career.
Make sure you know all the tricks and use all the tips possible to help you gain an edge over that tough competition.
Many brokerage firms handling home sales do offer a base salary as well as a commission. This is good news for the potential estate agent as they are going to be able to meet basic needs until they start selling homes.
What that base salary is, depends on the brokerage house you are employed by. But be aware, that once you sign up, you will be expected to make good sales and those quotas can range in requirements.
Check out the different brokerage firms to see what they are going to offer and what they expect you to sell each year. Then make your choice.
When you have estate agent questions or want to sell your home, etc., then give us a ring. Our firm has over 10 years experience in the estate agency field and we offer different services.
We can help you with valuing your property, provide information about the surrounding areas as well as work for you selling your home or buying your next one.
Our experience and expertise are what you need to find your dream home at your dream budget level. Give us a call today or stop in at our office for more information on how we can help you.
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