Real Estate Business

Real estate business is the profession of buying, selling, or renting real estate (land, buildings, or housing).

Sales And Marketing |

It is common practice for an intermediary to provide real estate owners with dedicated sales and marketing support in exchange for commission. In North America, this intermediary is referred to as a real estate agent, real estate broker or realtor, whilst in the United Kingdom, the intermediary would be referred to as an estate agent. In Australia the intermediary is referred to as a real estate agent or real estate representative or the agent.

There have been various studies to detect the determinants of housing prices to this day, mostly trying to examine the impacts of structural, locational and environmental attributes of houses.

Transactions | 

A real estate transaction is the process whereby rights in a unit of property (or designated real estate) is transferred between two or more parties, e.g. in case of conveyance one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred, the amount of money being exchanged, and government regulations. Conventions and requirements also vary considerably among different countries of the world and among smaller legal entities (jurisdictions).

In more abstract terms, a real estate transaction, like other financial transactions, causes transaction costs. To identify and possibly reduce these transaction costs, the Organisation for Economic Co-operation and Development (OECD) addressed the issue through a study commissioned by the European Commission, and through a research action.

Nikhil Pattani, a Mumbai based real estate expert, blogger at 'Realty Discovered' and Founder of 'Destiniva Realty' explained how to plan, start and grow a real estate business in just seven points. 

According to Nikhil, "Real Estate as a product has numerous variants and so are its ways to manufacture and sell. Every Investor cannot be a good developer, but can earn superb returns if he has studied the RE market scenario and invested in the right location, at right time, at right price and knows when to take an exit call. The Real Estate advisors plays vital role in the industry, they are influential people for the investor, the developer and the end user of the properties."

He further stated,  "The planning, starting and growing your real estate business includes- 1. Networking and winning the trust of people in your network, 2. Planning of revenue targets, 3. Focused Location / Focused Projects, 4. Use of Digital marketing to its best along with conventional techniques, 5. Nurture your clients with the best of services, 6. Fair practice in itself is a great branding technique and 7. Change the stance with the trend."