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How to start a Real Estate business?

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Sanojinayan
Felix07Richerd
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How to start a Real Estate business? Empty How to start a Real Estate business?

Post  Felix07Richerd Fri Sep 17, 2010 4:53 am

Hello everyone,

First of all we should find a location to start this business. A real estate business should have high visibility from a busy street, as people often come into a real estate office on the spur of the moment.

So guyz, I think you also have many more others idea to start real estate business, Please share with us.
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Post  Sanojinayan Sat Oct 02, 2010 2:39 am

A real estate company can be a profitable scheme, but delving into the world of real estate takes preparation and planning.

Please be your consideration below points:
1. First you have to decide whether you want to become a real estate broker or lease a broker.
2. Secondly you have to decide to purchase permission or start a self-governing real estate company.
3. Find a site to set up your industry. A real estate business should have high visibility from a busy street, as customers regularly come into a real estate workplace on the spur of the moment.
4. Get a real estate trade license from your city or county.
5. Speak to the local board of real estate and get a membership.


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Post  realestatehanoi Thu Oct 14, 2010 8:39 pm

When one decides to start a business, the most important question that needs an answer is whether there is a market for the product that you are planning to sell. The next important question is to find out who the target market is and who exactly will pay for product that you sell.

One more basic requirement in starting your own business is 'money', not to mention the determination to be your own master and make things work for you. Of course, there are any numbers of people who have started their own business ventures without all of the above mentioned requirements only it would be a lot more challenging.

A real estate business (or real estate brokerage) is not a business where you need hundreds of rupees of investment to start your own operations. It can be a very low cost business if approached in a methodical way.

The best way to advertise your business is contact to contact basis, media, newspapers, magazines and more effectively the Internet. In today's world, the power of the internet as the best marketing medium for any real estate company is widely accepted. Having a website can rake in a lot of revenue for starters.

The first steps to develop your business are to start with the basics. First of all you have to have a clear-cut idea of your business model and its advantages. Secondly, you have to make up your mind about the type of services and help that you would be able to offer.

Of course, you would need help from outside sources specialized in the department of preparing the various legal documents required in real estate dealings which can be a time consuming process.

Experienced real estate brokers would agree that buyers and sellers have to be dealt with differently. Buyers would be looking to get the maximum satisfaction from the purchase while making the investment. And a little counseling may be essential to close the deal.

Whereas dealing with sellers is relatively easier since all they want would be to somehow get it over with along expected lines. Of course not all dealings may be easy and simple but with a little bit of effort one can make real estate business a very profitable one.


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Post  watsonliving Fri Oct 15, 2010 5:30 am

Real Estate Business Plan refers to the business plan which is primarily used to develop and expand a real estate business. A real estate business plan consists of the calculated set of instructions and farsighted ideas; that leads to the path of successful real estate business. The need of a real estate business plan is often under estimated. But the truth is that no real estate business can do without a business plan. Real estate business can achieve success only if there is a thoroughly researched, well thought out, well designed business plan.[url][/url]

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Post  lakota6418 Mon Dec 13, 2010 10:34 pm

The real estate industry is very sensitive to economic changes like interest rates and the cost of materials in building houses. Interest rates in particular can easily swing the number of sales that are completed.
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Post  cherrysmith14 Mon Jul 11, 2011 11:09 pm

Hello Friends...........

To start a Real Estate Business you need to follow these steps

1.Become a licensed real estate broker. The first step in starting your real estate business is to enroll in coursework and take the required licensing exam

2.Decide what kind of real estate business you want.Would you prefer to invest in a real estate franchise or would you want to begin an independent real estate agency?

3.Source a suitable location. It’s important to know your area well when you are in the real estate market. In fact, take the time to research what the market is like where you’ll be opening your business

4.Create a business plan As with any business, it is important to develop a business plan that details your financial plan and budget as well as how you plan on running your business.

Thanks


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