Posted by Anonymous on 3/6/06 2:28pm
Msg #102510

New Signing Agent

Is it worth getting started as a signing agent with real estate on the downslide?
I'm located in Missouri. How much of a demand is still out there?/

Reply by Jersey_Boy on 3/6/06 2:33pm
Msg #102513

There is always a demand, the question is.... what is the supply?

Use this website and a few others and search see how many notaries are listed in your area. All of them will be your competition.

Reply by Shane_OH on 3/6/06 2:37pm
Msg #102519

I'm not sure....

What has your research into this profession told you?
(drum roll please)

Reply by Anonymous on 3/6/06 2:44pm
Msg #102531

Re: I'm not sure....

it tells me the demand was there from 2002 until present,
but unsure what the near future holds. I'm just looking for some
input from a seasoned veteran.

Reply by Jersey_Boy on 3/6/06 2:55pm
Msg #102538

Re: I'm not sure....

be careful... some of the veterans are seasoned with hot sauce!

Reply by Shane_OH on 3/6/06 5:41pm
Msg #102596

Re: I'm not sure....

hehe, I prefer Chipotle

If your research says that its still a viable opportunity, and you feel that you will reap enough benefits from starting in your area... then go for it, and Good Luck to you.

If your research says it isn't a viable opportunity, then don't go thru with it.

Reply by Regal1 on 3/6/06 3:59pm
Msg #102558

Depends on how YOU equate worth! What are the conditions in your area? Research the area and make an informed determination based on the potential for your services.

Good Luck!!

Reply by Lorraine Maguire on 3/6/06 10:07pm
Msg #102683

There are a couple of theories - 1) the market is slowing down and there will be less work; 2) the market is slowing down and as the interest rates go up, people will need to re-fi, so there will be more work; 3) none of the above - you'll need to market your skills aggressively in order to make money, no matter what the market is like.

#3 makes the most sense to me.

Hope this helps - regardless of hot sauce or chipotle. My personal favorite is Szechuan.

Reply by MichiganAl on 3/6/06 10:29pm
Msg #102687

I know you're probably not getting the exact answer you were looking for. At least you're asking this question before jumping in, which is more than I can say for most new signing agents. Do a notary search - entering your zip code here and at other listing sites is a good start. Maybe talk to some title or mortgage companies in your area and ask them what they think about the market there. My unscientific answer to you is that it's a very tight market right now, and if you decide to do this, you better be darn sure you're willing to out work, out market, and out think a lot of competition.