How to choose a Good realty company
Real estate companies are highly personalized, and here the concept of one size fits all does not work. A good reality company thrives on various factors to provide suitable property investment solutions.
Reality business is shrouded in uncertainty making it a tricky proposition for newcomers in the industry to make the right choice. Five factors to keep in mind while taking a decision are brokerage and fees, location, technology, inventory, and training.
When you are ready for a real estate career, take a self-paced course to empower you with the knowledge and get a license to set foot in the market. Aligning with licensed, bonded and insured agency should be your take.
About Real Estate Companies in India
The Indian real estate industry contributes immensely to the job market. It is believed to be the second highest job provider after the agricultural sector in the country.
The sector is garnering a lot of attention with Indian NRI investment flowing into the country. It is worthwhile to note that India ranks ninth in the Global House Price Index.
The sector is expected to grow at the rate of 30% in the next decade, and by 2020 it is likely to touch US $180 billion. The government has taken steps to push the sector forward with Smart City Projects and Infrastructure investment trusts (InvITs) initiated by the RBI.
About Real Estate Companies in the USA
Real estate companies are among the fastest growing in the United States of America. Privately held companies are ranked every year by Inc. Magazine and 17 companies out of the 500 were real estate companies. The companies were ranked based on the revenue growth between 2013 and 2016.
It is enough proof to note the extensive performance of the industry. The companies were listed on criteria of being an independent unit and not a subsidiary of any other company, profits of at least $2 million in the year 2016. Some of the toppers in the US realtor industry includes: Big Block, S2 Capital, Level Office, Nelson Brothers, MZ Capital Partners among others.
Latest Trends in Real Estate and Property Market
The property market is seeing a steep rise in single-family homes and realtors are focusing on this segment. The latest trends in the real estate market see potential growth in urban homes, affordable mid-market homes, starter homes and young adult homes. The luxury market is also trending with high margins. Though, in the urban market, affordable housing is on the rise. The economic cycle recommends a correction but the immediate future seems to be a smooth path, and there seems to be no dips. The trends that reshape the real estate curve are as follows:
- Shortage of housing is seen as an opportunity
- Economic cycle seems to be favorable
- Focus on great office space to improve the success rate
- The millennials will soon be in the market searching for post-college housing
- The baby boomers having taken to retirement are looking for a perfect retirement community with lifestyle developments
- The secondary market is seeing a rise in primary cities being overloaded; the former is seeing a steady appreciation and now is the time to invest.
- Technology has given rise to improved and safer worksites. The construction industry is seeing new dawn with the growth in technologies like 3D printing, prefab homes, etc.