The Singapore real estate and property trend continues to soar, but it isn’t exactly good news for most real estate agents. Facing fiercer local competitions and being outmatched by firms and independent real estate agents with deeper pockets, it can be difficult for these real estate agents to get a share of the pie.

Independent real estate and property agents enjoy plenty of freedom in terms of schedule and income earnings. However, they are vulnerable to hard to predict seasonal demands, the volatile property market, and customers who are always looking for a better offer.

To do so, they will have to stand out from the crowd and this always incur costs. One of the biggest operation expenses is marketing themselves, including hefty recurring payments for listing platforms, social media advertising, or marketing materials such a promotional flyers.

Often, it may take many months before they get a return of investment from their marketing activities. It’s not uncommon to run out of funds midway, hence i-Credit provides financing loans to help real estate agents through their tough times.

Just staying above water may seem like a challenge for many independent real estate agents because they might have to juggle unpredictable expenses such:

• Paying for and maintaining of transport vehicle
• Hiring professional legal advisors for the transaction
• Renting office space
• Sudden medical expenses

We understand that cash can get tied up as the next paycheque can be months down the road. Unexpected financial difficulties might appear along the way, and sometimes you need that extra boost to get past those hurdles.