With so many twists and turns going on in the real estate industry over the last several years, it’s more important than ever for real estate businesses to make their presence known. Combine that with a growing millennial market and with the expectation of modest inventory gains, having as many people on your team could be crucial to your success.
In this article, we share how franchising your real estate business may be your best option in this growing market.
Why Real Estate Businesses are a Perfect Model for Franchising
With the homeownership rate sitting at about 64.6%, at some point those homeowners are going to want to sell. Not to mention the people who are looking to buy those homes are going to need the assistance of a real estate agent.
You also have a booming market of homeowners who are taking part in the fixer-upper craze. Taking the cue of so many home remodeling shows found anywhere on cable, they realize that with some redecorating skills and upgrades, they can get top dollar for selling their home. For some, they’ve even turned it into a house flipping business, and they need a professional real estate agent on their team to help them gauge the market and stay on top of the latest trends.
By transitioning your business into a franchise, not only will you get more exposure, but you’ll have more people on your team to help attract more business. When you add on franchises, your real estate business can have the potential to reach more people, expand to different markets, and increase services for those looking to buy or sell a home.
Right now, you’re probably limited by your location or the amount of staff you have in your office. By moving to a franchise model, you can help additional clients in your current area, adjacent cities, different counties, or any other popular markets throughout your state. As long as your franchisees follow their state’s rules and regulations, you can also expand your business to other states throughout the country.
Your reach is virtually unlimited as a franchise business. With such a large demographic of millennials entering the market, you’ll want to be front and center for when they’re ready to buy their first home. Or, you’ll want to help those homeowners looking to sell their homes and take advantage of the current seller’s market.
Partner with Us to Franchise Your Real Estate Business
Transitioning into a franchise business involves careful thought and planning. It’s a decision that shouldn’t be taken lightly, so it’s essential that you seek the help and guidance of experts in the industry to make the best decisions for your current situation.
At Big Sky Franchise Team, we specialize in the evaluation of businesses and determining feasibility for franchise potential. Once a business decides to transform into a franchise, we provide services to help them with their Franchise Blueprint, general consultation, and strategic planning. We also have services to support a franchise’s growth and longevity with marketing solutions, content creation, sales training, and much more.
Contact us today or call us at 855-824-4759 to set up a free, no-obligation consultation with a member of our team.
