Success Happy

What do you think of this Real Estate Business? Could it be successful in this economy?

There will be two parts to the business, which would be located in a big city: 1. Selling Coach For a much smaller commission than an agency (around .5% of anticipated list price) I will come to the house people want to sell, review it and tell them what to do to make it look best, as well as give them a personal estimate on what price to set, backing up the estimate with market data on similar homes sold. I will put their house up on MLS for a flat fee with their name to call if people are interested. I will coach them through all important knowledge about advertising, open houses, and negotiating. I will give them any paperwork needed to sell the home as well as a professional looking outline of their homes details. After all that, my job will be done and paid for. Added optional fees will include selling for-sale signs, making additional ads for them, etc. Benefits to seller: They could sell their house for a cheaper price than if they were using an agent while still making more money on the overall deal by not working with a broker. They don’t have to pay the 6% commission they would normally owe. 2. Real Estate Listing Prep Service Real estate agents are quick to tell you that a home that has been professionally prepared to be listed will always sell faster, and for more money, than a home that has not been prepared to be listed. That is why real estate agents will become your number-one referral source if you choose to start a real estate listing-preparation service. Cracked windows, peeling paint, and rotten porch boards all leave a lasting impression with potential homebuyers—the wrong impression! When you see a rusty car you automatically think it must also run like junk. Homes are no different—peeling paint instantly conjures up the impression that the wood behind it must be rotten. Utilizing your handyperson skills you can conduct minor repairs, fix what needs to be fixed, and basically give your clients’ homes a general spruce-up prior to the listing. It is not uncommon for the seller to be rewarded by getting multiple times their investment back when selling, because structural and cosmetic deficiencies always add up to a lower negotiated selling price. For one set price I will fix up all odds and ends to make the house look its best before it is ready to be listed for sale. Benefits to the seller: Making the house look its best with minor repairs will add value to the house and owners will get a positive return on their quick investment.

Public Comments

1. Great Ideas. Do it! I know a contractor that only does minor repairs like holes in drywall, leaky faucet and so on, but he is making a killing and really busy. So I think your ideas has great potential to succeed. GO For IT. Good luck
2. There is a show on TLC that does this exactly as you described. Give it a shot, but I think others may beat you to it.