Here’s How We Turned a Real Estate Agent Franchise Into a Success
91% of all real estate agent sellers still prefer to work with a real estate agent.
Here is the problem we see in the current market and why we weren’t interested in imitating any other real estate agent franchise. We know of some active real estate agent investors who stopped using real estate agents because they had to pay a 6% on every sale. That’s approximately £40k commission on a million-pound house that can take the agent about four days to sell if you’re in a hot market.
Back in the Stone Age, 6% made sense because you had to advertise with physical media. It cost money, and it took time to find buyers.
Yet, today, it doesn’t cost anywhere near as much. Now, there are just as many – if not more – resources, meaning there’s more incentive NOT to pay such a huge fee. For this reason, other options like For Sale By Owner (FISBO) and online listing websites have become far more attractive to sellers. Yet, despite this, they are still hesitant to handle the transactions themselves. In fact, 91% of all real estate agent sellers still prefer to work with a real estate agent. So, how can a real estate agent franchise accommodate such developments?
We offer everything you could achieve by starting a traditional real estate agency, but for half of the risk and far fewer fees.
Alongside owning a physical branch, Saxe Coburg encourages a tech-driven approach. By going paperless and focusing on digital marketing, we aim to be far more helpful to those individuals who want to sell their homes. So, when the market is in decline, we can step in and help sellers’ market their homes using modern methods as well as traditional methods. Yet through us, the seller ultimately pays half of what they would have had to with a typical agent while getting the same service. Who wouldn’t want to pay less for more – or the same – service?
Another appealing thing about our real estate agent franchise is the fact that franchisees see a return on their investment. On average, this happens in as little as 120 days.
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