Tag Archives: Real estate

Rapid Realty: Mastering the Art of Franchising At Its Best

The New York Real Estate Journal (NYREJ)  has named Rapid Realty, one of the fastest growing real estate firms in New York, its company of the month. The honor came on the heels of our  company’s recent FLO (Franchise Leaders Only) weekend.

FLO was a company-wide event that, NYREJ describes as “… an intensive three-day training and team building conference, an opportunity to introduce new initiatives and set new goals,” as well as “a celebration of Rapid Realty’s incredible growth over the last few years”.

That growth has included over 50 offices under the franchise umbrella including one slated to open in Boston, as well as a number of partnerships with firms like BHG (a New York based cleaning service), Carpingo (New York City based carshare) and Suite Protector (specializing in apartment insurance). These partnerships were established to round out Rapid’s services and make us a one-stop-shop for real estate services.

The NYREJ recognition comes as we seek  to expand to other territories across the country and are currently scouting locations as far as the West coast. With over 500 agents covering the New York tri-state area, outward expansion is  inevitable.

We credit our expansion in no small part to the relatively low cost for franchisees to open their own shops. As far as the franchise model goes, Rapid Realty costs roughly a fifth of what it would cost to open a popular food franchise. In addition, they are much easier and cheaper to operate since there is no on-site inventory to purchase, track or maintain.

In the end, I think I described it best when I said,”One of the great things about Rapid Realty is that there’s so much training and so much support from the moment you join that you can come in with no prior real estate experience and be running your own Rapid franchise in less than a year. We’ve made it so easy to get involved to whatever degree you want, whether you’re looking for part time work, a steady job or a life long career.

How To Get A Stellar Home Inspector

Gone are the times when flipping through the yellow pages was standard practice to find someone to remodel your kitchen, tackle that complicated plumbing project or assess your home’s value. Any one of these and more can be accomplished via some basic research and common sense.

When looking for someone to assess the value of your home, avoid asking off-the-bat how much an assessor charges. Many home buyers or seller will ask an assessor what they charge because economics are in the forefront of their minds, getting the best deal is imperative. However, when a buyer or seller is only concerned about the cost of the inspection, they miss out on understanding that not all home inspectors offer the same services and quality.

Having a clear understanding of what a thorough home inspection entails is key to making a fair comparison of assessors.

  • Find out how long the inspector has been in business and verify his or her licensure. Most state websites have a Division of Professional Licensure search tool.

  • Ask for client testimonials and not just recent ones. It can be very helpful and eye-opening speaking with a client from “the way back”. If the inspector’s work and process were exceptional then it will be easy for that client to recollect the experience. If they cannot remember, then that may say something as well. However, it’s a good idea to get in touch with several former clients to get a clear picture of the inspector’s work.

  • Watch out for clever wording on their website or contact sheet. Referring to their industry experience in years can be over-stated. Was it 10 years of home inspection work with specific clients or 10 years of industry related work?

  • Above all else, ask for a sample home inspection report that they wrote up. If they cannot provide one, then something is amiss. A home inspector should be forthcoming with this information and not reticent, the report is like their thesis in way.

Remember, a proper inspection can be the difference between your home being sold quickly or lingering on the market because it’s overpriced. Invest your time and money so that the rest of the process can be easy.