Internet Business Guide

Fab FSBO website FSBO

Overview
best real estate websites

Untraditional Online Realty Company

Internet Business Guide Listing #7169

Business Type: NAICS 516110
Business Category: Publisher
Business Name: NDA
Business Web Site: NDA
Asking Price: $700,000
Down Payment: $450,000
Gross Sales: $527,000
Cash Flow (or SDE): $291,000
Asking Price As Multiple of Cash Flow 2.4
Year Established: 2002
FF&E: (included in asking price) $35,000
Inventory: (not included in asking price $10,000
Employees: 2-3
Absentee Owner: No

Have you identified the category of Internet Business acquisition that you desire, yet have not located it? Are you uncertain of the Internet Business that is your ideal acquisition candidate? Then you should consider an Acquisition Search!
Business Summary
Innovative statewide Texas non-traditional online Realty company that charges $500 to $1000 to list a property in MLS instead of the typical 6% commission. The home seller gets an MLS listing, broker’s electronic keybox, professional real estate sign, and telephone support. All fees are paid in advance and are nonrefundable. Clients make their payments online at the company website by credit card. In addition, the client agrees to pay a 3% commission (paid at closing) to another agent who procures a buyer, if there is one.

All services are handled via phone, fax, email & internet – no need for broker towebsite for real estate leave home/office. Another way to describe this business is as a hybrid where the home seller gets all the marketing benefits and exposure of being listed in the MLS, together with the savings and benefits of selling their property as a “for-sale-by-owner”.

There is nothing of any significant value that a 6% agent provides that isn’t included in the flat fee listing. This company keeps growing as the public gets more educated about this alternative, and as satisfied past clients refer their friends & relatives. There is plenty of opportunity for growth, since over 90% of the population still doesn’t know about this concept and continues to pay 6% commissions. You can find monthly income data at the bottom of this post.


How buyers are handled:

  1. Home buyers who inquire about a client’s flat fee listing:    These buyers are referred to the client, who will show them the home. The company doesn’t collect any commissions from a seller, which is another selling point (buyers often also become listing clients when they learn how it works). Company provides help with documentation for an additional fee.
  2. Home buyers who are interested in properties listed with other agents: These buyers do their property searching online, and get a 2% rebate of the 3% commission that the company collects at closing. This motivates the buyers to do their own property searching, which is easy today using the internet, and most buyers prefer to search on their own anyway.

The company avoids the most time-consuming part of the process, which is showing a multitude of homes with the possibility that the buyer never buys anything. All negotiations and paperwork are handled by phone/fax/email, so the broker never leaves the office. Because the broker never needs to leave the office, the location of the broker doesn’t matter and he can cover the entire state.You will need to get a Texas Real Estate license to operate this business. It is an easy process, and will take about 6 weeks if you do it via online correspondence courses.

You can operate under the owner’s broker’s license until you get licensed. Texas requires you to have 2 years experience as an agent before being eligible to apply for a broker’s license. Owner can sponsor you as your broker for that 2 year period.

Facilities: Business is currently being run out of a house in Dallas that was converted to office, and can easily be relocated anywhere. Buyer can also lease a small office for approximately $1,000 per month.

Competition: There are other Realtors who provide similar services, but they are small operations and to our knowledge, none have the established organization, track record and referral base that this business has. Ironically, the traditional 6% brokerage community helps this business by their reluctance to discount.

Growth: Less than 10% of the population is educated about this flat fee listing alternative, and sellers typically pay a 6% commission to sell a property. Most of the past growth of this business has been by referrals and repeat clientele; the rest is from online searches. Website ranks well in search engines. Seller has spent very little money or effort on marketing or advertising. New owners can also use existing business as a base to develop the buyer side of the business by hiring agents, tap into new home builder business, & develop the loan business.

Financing: $250,000

Training: Seller is willing to be available for as long as it takes for the buyer to be comfortable, which is probably a week or two. Seller suspects that once the buyer gets started and learns the systems in place, he/she will realize it s not that complicated. Seller can always be available for questions for at least several months as necessary.

Reason Selling: Owner retiring and moving out of state to be near family.

Listed By: Apex Business Brokers

Similar Listings:
Virtually Real Real Estate Site Builder
Appraisal Leads

To obtain Business Profiles please complete your Confidentiality Agreement; if it is not already on file with the Internet Business Guide.

For information on this Internet Business Opportunity, or more than 400 additional Internet Business Opportunities, contact Internet Business Broker Don Janke. With over 20 years Online/Internet business experience I can guide you to your ideal acquisition to make money online!

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Financial Data For FSBO Listing Website For Sale
The first table represents top line revenues for 2005 through 2007. Customers can pay for services online by credit card, which is represented in the column labeled “CC Payments”. All of the revenues collected by credit card involve listings. “Other Revenues” represents primarily commissions received from transactions involving buyers. “CC Payments” will never include commissions from buyer transactions, but some “Other Revenues” may include listing revenues.

2005

CC Payments

Other Revenues

Total

Jan

$6,035.00

$8,764.70

$14,799.70

Feb

$7,635.00

$5,605.81

$13,240.81

Mar

$9,305.00

$11,872.00

$21,177.00

Apr

$8,442.40

$13,613.93

$22,056.33

May

$9,550.00

$13,048.00

$22,598.00

Jun

$10,475.00

$16,954.58

$27,429.58

Jul

$8,465.00

$24,987.43

$33,452.43

Aug

$10,332.00

$13,882.88

$24,214.88

Sep

$9,390.00

$10,814.85

$20,204.85

Oct

$7,300.00

$15,328.45

$22,628.45

Nov

$4,530.00

$19,746.00

$24,276.00

Dec

$4,780.00

$12,703.60

$17,483.60

Totals

$96,239.40

$167,322.23

$263,561.63

 

 

 

 

2006

 

 

 

Jan

$11,615.00

$9,096.71

$20,711.71

Feb

$7,680.00

$7,090.00

$14,770.00

Mar

$21,320.00

$13,942.55

$35,262.55

Apr

$10,450.00

7,075.00

$17,525.00

May

$22,390.00

$13,445.00

$35,835.00

Jun

$17,155.00

$19,472.00

$36,627.00

Jul

$30,560.00

$9,260.00

$39,820.00

Aug

$22,395.00

$17,200.00

$39,595.00

Sep

$18,445.00

$31,260.14

$49,705.14

Oct

$19,352.00

$8,569.90

$27,921.90

Nov

$12,800.00

$15,575.82

$28,375.82

Dec

$10,245.00

$11,232.71

$21,477.71

Totals

$204,407.00

$163,219.83

$367,626.83

 

 

 

 

2007

 

 

 

Jan

$24,294

$9,459.43

$33,753

Feb

$22,755

$16,374.00

$39,129

Mar

$36,680

$14,354.03

$51,034

Apr

$31,230

$8,799.85

$40,030

May

$30,935

$16,458.00

$47,393

Jun

$34,262

$35,910.00

$70,172

Jul

$30,987

$34,490.02

$65,477

Aug

$31,165

$24,792.64

$55,958

Sep

$21,670

$6,252.17

$27,922

Oct

$26,370

$21,127.69

$47,498

Nov

$15,160

$5,023.88

$20,184

Dec

$11,650

$16,710.96

$28,361

Totals

$317,158

$209,753

$526,911

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