Fancy Franchising? Considerations for Hopping on the Real Estate Bandwagon
Key Takeaways:
- Franchising is experiencing a resurgence, with more entrepreneurs jumping onto the business model, especially in real estate.
- Due diligence is a critical part of the process: Homes are not hamburgers, so a whole new level of complexity emerges in the real estate franchising arena.
- The old stereotype of a real estate agent with a big hairdo, Cadillac, and a stack of deal folders has undergone an evolution: Enter tech-savvy realtors with iPads and smart suits hoping to revolutionize the industry.
- Two of the biggest players in the franchise world – RE/MAX and Keller Williams – are investing heavily in technology to stay ahead of the curve.
- Consider the franchise fee, the brand reputation, ongoing support and training, and potential financial returns before making the leap.
Closing Paragraph: The Sweet and Sour of Real Estate Franchising
Now, for your daily serving of piping hot journalism and a side order of witticism! If you’re thinking about entering the wild, wild, West of real estate franchising, saddle up for a wild ride! Not all that glitters in the business world is gold, especially when the product involved is as variable and unpredictable as, well, a fixer-upper in downtown Detroit. The franchise world might promise a pre-made path to riches and a guaranteed desk with a view, but rookies, beware: It also entails a franchising fee. So, apart from your dream of becoming the cowboy of the housing market, there’s much to figure out – like mastering real estate lingo, knowing the local housing scene better than the back of your hand, and last but not least, shelling out some cool hard cash upfront. So, before you sign the dotted line, kick back and say “show me the money”, make sure you’ve done your homework, buckaroo!
Original article: https://www.redfin.com/blog/what-is-rochester-ny-known-for/