If you are looking for a sample real estate business plan template, here is a business plan for starting a real estate development agency and free feasibility study example you can use.
REAL ESTATE COMPANY BUSINESS PLAN SAMPLE
For any type of business you intend to run, a business plan is a basic requirement you should not overlook. This document charts the course of the business as it enables you to have a clear plan of what to do at every point of the business. A successful business is never run by guesswork. By eliminating all forms of ambiguity, the chances for success are greatly increased.
For persons interested in venturing into the real estate business, this article provides you with a general idea of what is needed. Let’s get to business, shall we?
Noble Realtors LLC is a young and growing real estate company that seeks to provide top-notch services to our clients by bringing expertise and experience to bear on the job. Our workforce is made up of people with proven track record of excellence in the real estate industry with a combined experience of over 90 years in the business. We seek to offer real estate services that include residential and commercial/office buildings to our target market within the Austin Area of Texas. We will offer a full range of real estate and mortgage services to our esteemed clients.
Our mission at Noble Realtors LLC is to provide exceptional and competitive real estate and mortgage services to our clients within the Austin area. This is driven by a desire to take part in the resurgent real estate industry that offers huge opportunities for investments with a promising return on investment.
Being a new company, we are not deterred from our goal of providing quality real estate services to our clients. With competent hands on board, we will bring the experience of our workforce to bear towards achieving our desired goals.
With an operational headquarters located at Bee Cave in Austin, Noble Realtors LLC will be a Limited Liability Company registered in the state of Texas and established for the sole aim of providing quality and affordable real estate services to clients within the Austin Area. Founded by J. Clarkston a structural engineer with over 20 years experience in the real estate industry, Noble Realtors is poised to compete favorably with other more established real estate businesses.
The best hands for the job will be hired. Highly experienced hands (at least 10 years experience) are targeted to fill each position as we seek to provide innovative services. Our target market consists of young families who are the most active real estate/mortgage participants.
Funding for this business will come from two main sources. These include a savings of $500,000.00 kept aside for this purpose by Mr. J. Clarkston as well as a debt financing agreement entered into with Wells Fargo who will be providing the sum of $2,500,000.00. The debt is to be repaid within a 10 year period and would include an interest rate of 2.5%.
As mentioned earlier, we are targeting young families as they are considered the most active segment of the real estate market. They present an opportunity which we seek to exploit. Hence our services will include purchasing and selling real estate to residents within the Austin area. This segment of the market is considered to be responsible for the growth of the industry within the last decade.
The real estate industry is one where there is intense competition. This consists of major players as well as the smaller player group to which we belong. However, we do not intend to sit on the sidelines and watch. We will leverage on our many years of experience in the industry to provide exceptional services to our clients. A strategy we will adopt is to study the weaknesses of our clients and improve on them while also maintaining our areas of strength.
While studying the buying patterns of our clients, we will also try to understand or know their main attractions as well as their preferences. These are all directed towards gaining an edge in the marketplace.
Our Range of Services
Our clients will be provided with a variety of services such as title transfer services, quotes, planning, moving consultation services, getting a comparative market analysis, property preparation and several others. All of these services will be provided in addition to our core services. Within the first 2 years of our operations, we plan on becoming a hub for every real estate related matter. Also, our services will be moderately priced. This strategy is meant to make our pricing competitive, thereby attracting more clients.
Our Keys to Success
To ensure continued relevance, we seek to develop adopt several strategies that will enable us to attain our goals within a specific time. Hence, residential real estate listing services provide a great avenue for partnership. Also, we do not see the relationship with our clients as short-lived. By giving them the best offer, we will encourage them to spread the word about our services to friends and acquaintances. They may also require moving in future, therefore our relationship with these clients is mutual as we can also be of help should they need assistance.
We have conducted a research on the market and arrived at a healthy conclusion that the future looks bright for our business. This has resulted in a 3-year growth projection that shows impressive results from the time of commencement of business operations. This is summarized in the table below;
- First Year $3,000,000
- Second Year $3,900,000
- Third Year $4,500,000
This real estate investment business plan sample has unveiled the basic requirements for writing your own business plan. Using these as a guide, you can supply information unique to your business for best results. However certain areas of your business may require legal advice. Therefore seek the services of a legal expert for guidance.