Entrepreneurs who wish to buy real estate business operations will have several decisions to make, such as their preferred site for the establishment, whether to purchase an independently owned company or a franchise and how much capital to invest. It is also important to make sure the company you buy is not unnecessarily close to a major competitor. The proximity could lead to a lack of business for you.

For those who want to sell, real estate business establishments may be posted online. List your company on a website that allows you to display all the benefits of the business opportunity you have available.

Real estate business sales require a lot of time, money and effort. You should be certain the business opportunity you are considering is right for you. There are many things to consider before investing in the industry, including:

1. The expenses you will have, such as purchasing fees, marketing expenses, royalties and inventory;

2. Whether the franchise has a well known and respected name or brand;

3. The need to hire and train employees;

4. If the real estate business for sale is ready to open.

Action Steps
The best contacts and resources to help you get it done

Purchase real estate business franchises

Buying into a real estate based franchise provides many advantages over starting up a new business. An existing company already has a well-known name and brand, a business plan that has been tested and shown to be successful and ongoing support from the franchisor. The company that created the franchise will have already done all the initial work to get the company off the ground, and you will be able to take advantage of its efforts.

I recommend: Invest in a real estate franchise like Two4One Real Estate, GMAC Home Services or United Country Real Estate.

Purchase a real estate business for sale that is independently owned

Individuals who are interested in purchasing and running their own real estate company can find privately owned businesses for sale located within any state in the U.S. via a quick online search. Browse through the listings to find the opportunity that best matches your needs, abilities and interests.

I recommend: Buy a national real estate firm from BizQuest. Purchase a real estate/mortgage company through BizBuySell.

Retain the services of a real estate business broker

Business brokers guide entrepreneurs through the process of purchasing an existing business or franchise. They will work for you to ensure that you get the best deal possible and finalize the purchase as quickly as possible. Turn to them for guidance, financial consulting and business valuation services. They will also assist you with due diligence procedures and every other essential detail that must be taken care of during the process of taking over a business.

I recommend: Get help from a broker at Executive Business Brokers or BIR Business Brokers.

List your real estate business for sale online

People who own a real estate business might decide it is time to sell their company. Whether you wish to sell in order to retire, move or start a new vocation, you may list all the details about the company you have for sale online. There are websites that will act as a real estate business brokerage and help to connect you with a buyer.

I recommend: Sell your company with help from GlobalBX or BizBen.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Speak to the people at the Better Business Bureau to get important details and data about the real estate business opportunity that you are interested in before making a purchase.
• •  Find out if real estate franchises are regulated by your state government, and if they are, in what ways.
• •  Retain the services of a certified public accountant who will investigate the financial history of any real estate related business you wish to purchase, explain the expenses that will be involved in the transaction and help you understand your immediate and long term earning potential.