Dreaming of owning a real estate business, but too afraid to start from scratch? You’re in the right place because this article is here to provide you with real estate franchise opportunities. Yes, even real estate businesses are up for franchise; hence, you can enjoy its relatively easy start-up process, just like any other business. Plus, most of the real estate companies that have made it to this list also boasts of affordable franchise costs. That being said, here’s a list of the best real estate franchise profit opportunities that you can look out for:
If you seek the advice of anyone in the real estate industry, you will easily learn that one of the most trustworthy and reputable names in this industry is Century 21. This real estate investment corporation currently has over 8,000 franchises. This number alone can show you its effectivity in this highly competitive industry. When you decide to sign up with Century 21, you can also be assured that the company is there to provide you with all the support, as they can give you the following:
- In-house training
- Real estate marketing training
- In-market support
RE/MAX is also one of the world’s best real estate corporations that are up for franchise since 1975. With its long history and years of experience on its back, you can be assured that this company knows what it’s talking about. First founded in Colorado, it now has locations in over 100 countries across the globe. If ranking is any indication of its success, RE/MAX has been ranked #5 and #15 on the Franchise 500 list of Entrepreneur Magazine.
Apart from the above-mentioned facts, RE/MAX is one of the most stable real estate companies, which makes it less prone to risks of closure or bankruptcy, for instance. Currently, the company also has publicly traded stocks at the New York Stock Exchange and is one of the top players in the real estate market.
The franchise fee of RE/MAX runs from around 15,000 to 35,000 US dollars, and the company also offers in-house financing for interested franchisees who qualify.
Keller Williams currently has most of its locations within the United States and Canada, but the company is also opening its doors for global franchising. The company first started in 1983, giving it three decades’ worth of experience on its belt. Come to think of it, if the company had started at a time when the demand for real estate wasn’t as high and has also survived global recessions, standing strong until the present, then there is no reason for you not to take a chance with this real estate corporation.
Keller Williams also made it to the Franchise 500 list, making it both at the #22 and #77 spot, which is still very impressive. The initial franchise investment required for Keller Williams runs from 184,000 to 337,000 US dollars.
HomeVestors of America
HomeVestors of America is also consistent in making it to the top 100 of the Franchise 500 list of Entrepreneur Magazine. At one time, it ranked #37, after which the company slowly made its way up to #30. HomeVestors was first founded in 1996 and has around 1,000 locations, all within the United States. With that said, this franchise opportunity seems, therefore, to be limited as well to those who are from the US.
If you are the type who is into buying old houses to be repaired, then this is an excellent opportunity for you. In a nutshell, this is what sets HomeVestors apart from other real estate franchise opportunities. Rather than buying good condition homes, HomeVestors places its focus on working with old and worn-out houses and repairing them before putting them up for sale.
The franchise fee required for HomeVestors runs from around 18,000 US dollars to 35,000 US dollars.
Looking for a real estate business that is dependable and has been around for over a century? Coldwell Banker is the right option for you. The company first started in 1906, which gives it a history of excellent and trustworthy services delivered to its clients from one generation to another. Coldwell Banker currently has offices in 50 locations across the globe, which makes it a reputable choice. No real estate business can thrive in as many locations if it isn’t one that is trusted by a global portfolio of clients.
To start your franchise, you will need an initial investment of around 50,000 US dollars.
Homes & Land Affiliates
If you’re looking for a franchise opportunity that you can start from your own home, Homes & Land Affiliates is the right choice for you. This company is perfect for those who prefer working from home, such as the mothers or parents of young children, and even for those who have very little extra capital to have a physical location. With this very convenient arrangement, you are starting your franchise in a less costly fashion by also having lesser start-up and operating costs.
Homes & Land Affiliates has been in the real estate industry for over 40 years. This company is one of the largest and strongest players, both in the American and Canadian real estate market, and their respective economies as a whole.
National Property Inspections
National Property Inspections, or NPI, is also one of the key players in the real estate industry. The company offers franchises not only in the field of real estate but also in the field of travel. Another very convenient advantage that you can get from NPI is that it also has opportunities for a home-based franchise. With the increasing desire to work from home, this opportunity is not one to miss.
NPI has since opened its doors to franchising since 1987 and has over 187 units. When you sign up for a franchise, the company promises support in the following areas:
- Ongoing support
With the ongoing support, you are given updates in the latest trends and techniques in the real estate market, such as techniques in how to reach, communicate, and connect with your customers. Remember that in the field of real estate, customer service is of paramount importance for your business to survive. Hence, with this very strong support system from the company itself, you are better assured as a franchise that your goals will be met. Keep in mind that franchise businesses fail mainly because of the lack of support from the parent company. To have your own franchise, you will need a total investment of around 39,000 to 43,000 US dollars.
14Moves has made it on this list because of its unique, but effective means of franchising real estate businesses. This company is the first of its kind in the real estate industry, as it breaks free from the traditional real estate broker model. Instead of its agents doing marketing and administration processes like in traditional brokerage companies, the agents or brokers focus on what it is they should be doing: studying the market, and professionally negotiating with the clients. All the other behind-the-scenes work to close the transaction have already been completed by other members of the team.
If you are leaning towards this real estate company model, the initial franchise investment required is at 100,000 US dollars. As a bonus, too, 14Moves has partnered with Keller Williams, giving you the trustworthy name of two companies all in one franchise business opportunity.
Electronic Realty Associates
Electronic Realty Associates, or ERA, was first founded in 1971. The company currently is one of the leading real estate companies that are constantly providing new offers to their clients. For instance, two years after it was first founded, ERA also started the very first home warranty program in the United States. Did you ever think that warranties were only for your appliances and other technological things? No, ERA stands to be one of the best by having this warranty program properties as well.
ERA currently has over 2,350 franchise units, which shows its strength and popularity in the real estate market as well. Because you will be spending thousands of dollars on your franchise business, you have to have an assurance that you have chosen a company that is a household name in the industry. ERA proudly meets this standard. To have your own franchise, the initial investment required stands at 48,000 to 210,000 US dollars.
Weichert Real Estate Affiliates
Weichert Real Estate Affiliates was first started in the year 1969, but only recently opened its doors to franchising in the year 2000. Despite being quite a new player in the franchise industry, this shouldn’t drive you off from owning a franchise as it has years of experience beforehand. In the year 2018, the company had around 480 franchise branches, all of which are located in the United States.
If you choose to franchise your own Weichert Real Estate business, you are also going to be one of those companies that offer more than just traditional real estate marketing. The company provides additional services, such as titling and closing services, mortgage, home and title insurance, and tax services.
Real Property Management
Real Property Management has been a leader in the real estate industry since 1986. If you decide to pursue a franchise with this company, Real Property Management promises to give world-class support to all its franchisees. With this, you will feel less daunted about running your own real estate business, because it will feel like you aren’t alone in your operations. Real Property Management is also one of the key players in innovative systems, processes, and techniques in this field, which is an advantage on your part, given that this industry is a highly competitive one.
To qualify as a franchisee, you will need an initial investment of roughly 57,000 to 100,000 US dollars.
Realty One Group
If you are reading this and you belong to the younger generation, this company is the perfect match for you. Realty One is quite a fresh player in the industry, and it reaches out to the millennial vibe of business ownership. Despite the company opening its doors only in 2012, it has ranked #130 on the Franchise 500 list of Entrepreneur Magazine. This ranking is impressive, considering that it only has a few years of experience on its back. The success rates of Realty One is also constantly increasing, soaring to an impressive 148 branches in 2018 from only 16 in 2012. What’s even more impressive is that it already has quite a few locations outside of the United States as well.
What makes Realty One an attractive choice to customers and clients? The company has a database called One Network, whereby all of its customers can avail of any services related to their homes, all in just a click of a button. From mortgage lending, and even up to pest control, this real estate company is like a one-stop shop for all its clients.
Help-U-Sell Real Estate
Help-U-Sell Real Estate has been in the real estate industry since 1976. Two years later, the company opened its doors to franchising. The unique advantage of this company is that it also stands apart from the more traditional commission basis of their agents. This company strays away from charging a commission for every real estate property sold. What this company provides instead is a menu of varied services to those looking to sell their homes. They also provide options for these sellers regarding what services they need and wish to avail of. Hence, your clients, the sellers, will be happier and more pleased as they can maximize whatever profit they can earn out of selling their property.
If you wish to invest in this corporation as a franchisee, you need 30,000 to 68,000 US dollars.
Just like any other business, real estate franchising is not without any risk. However, you can bank upon its ease of start-up and already proven names and business reputation to help your chosen business franchise grow more successfully. With hard work and careful study, you can slowly leverage your real estate business to greater heights, gaining steadier income growth and more possibilities.