Real Estate Business: Where to Start?
So, you asked yourself a question: How to open a real estate company? First, let’s start with the fact that you have to decide which form to register. Here is all that you should learn about business registration in delhi.
Although the future agency can be registered as a closed joint stock company or a private private company, it is better to choose the classic version – limited liability company. This will allow you to avoid re-registering documents if the business is doing well or, conversely, is doing badly. The registration must be completed independently in order to be confident in your solution as a realtor.
Originals and copies you need to register :
- Protocol for creating a limited liability company;
- The charter of the company is executed in a specific form with the required signatures;
- The passport of the citizen who will be the founder and director of the future company;
- Registration applications;
- Receipts for payment of state fees.
As a result of proper submission of documents, the state registration certificate can be obtained within five working days. Registration you need with him v:
- Tax Analyst Division;
- Local Statistics Office;
- Regional or city division of the pension fund;
- Local insurance fund.
After that, you can start drawing a stamp and the current account of the agency.
More attention should be paid to the name of the NA. It should not be confusing or too simple.
From “Phoenix” style names, ” New Life ” or “City Real Estate Company No. 1 …” it is better to refuse immediately. Creating imagination and knowledge is not enough to have the right name high quality advertising campaign, it is good to find a freelance immediately, but professional advertiser.
Before registering with an agency, you should decide with which notaries you plan to conduct transactions. An inexperienced or over-employed lawyer can terminate any sale or lease agreement. Although notarized, you can not be guided by one person. It is best to work in parallel with multiple experts.
For the first time, you should outline a specific area of the city or region for your agency in which you can plan work and receive positive customer reviews. In fact, even in the work of the big NA they depend on the recommendations of those who have to conduct transactions. The most effective way to satisfy a satisfied customer is to distribute advertising information. You can not expect to buy into both the buying and selling market and the rental market immediately. You have to choose the field where there are less competitors. Then take the most popular and profitable by the storm. This also applies to districts in the city or region where the agency will be working.
What risks do you need to avoid to build a successful real estate company?
For most agencies, the main reasons for nonprofit or partial activity are information leakage and storage in advertising. Therefore, when starting a company, you should focus on selecting dedicated employees. Can advise on an additional conclusion in addition to the labor contract, which carries a significant penalty for disclosing confidential information. In the event of a leak it is not easy to get compensation in court, but it will only allow the company to immediately weed out the employees who were hired to sell the data into the wrong hands.
The quality of the staff will determine the number of transactions and their profitability. But hiring experienced realtors will go beyond the pocket of the income manager. Therefore, it is best to hire people with little work experience, but be willing to work for recommendations and results. After all, many experienced agents start to get lazy over time, expect big deals with big commissions, and lose a lot of small deals. If such workers begin to show themselves in the company, then the best solution would be layoffs. After all, it is easier to cultivate an active real estate agent than to retrain a lazy professional.
Even if the agency’s employees have the best real estate, they can not make up for the savings in advertising. After all, a potential customer first sees an advertising column or printed material on the Internet. And if not detailed information about a real estate company or proposed real estate objects, then a large banner and the largest detailed columns will be selected in favor of competitors.
Need an interesting, well-publicized agency website in which the customer will be happy and easy to find the information they need… In addition, you need to constantly monitor Internet resources to ensure that competitors are not satisfied with the company’s “black PR”. If specialized forums and sites are unfair you should take care of the negative reviews about the agency, then remove them and look for the “user” involved in the mail.
Although this is difficult, some ads for sale / purchase / lease have to be written manually … This is because the same prejudice is recorded in the subconscious mind of most people – handwritten advertising does not belong to the company. Any customer is looking for a contract without intermediaries. The number of calls for handwritten ads is always a high queue, which increases the chance of making a deal. The main thing is to keep the customer’s attention, so he forgot that there is an intermediary between him and the owner of the property. The same goes for ads looking for people who own property for sale or rent.
Read More :
Best way to check property details in india