Home Business:

It is a known fact that every one needs a shelter in this world to survive from the natural climate. Therefore if one looks at the opportunities available in Home Business, we can say only sky is the limit and of course availability of land to construct the homes. Home business real estate involves the identification of a property i.e. land, constructing the homes in the land and finally selling it to the customers.

However there are intermediary requirements like capital for buying the land and constructing the homes and then comes the role of real estate agents who identifies the potential customer and seals the deal. Home business real estate is as such a lucrative business but requires a huge capital investment. Nowadays a lot of banks are giving liberal credit to the builders considering the demand for homes and in the process it reduces the financial burden on the builder and at the same time increases the profitability of the banks. On the other hand to become a real estate agent one does not require a huge capital; in fact a very minimal investment is what is required to become a real estate agent.

Real Estate Agents:

Real estate agents are individuals who deals in buying and selling of property for their clients and in the process earn commission as their income. Before one ventures in to this business, one should be in a position to have a good network in the market place. In other words real estate agents can survive the initial period of their business only if they have good contacts, because this is the primary source for them to get their clients. They should have a vast network of contacts, because only with good contacts they can grow their business. Similarly, they also need to maintain a good reputation so that their clients will bring in new clients. The life of a real estate agent at the outset would seem to be the most relaxed one, but if one looks at it very intricately then one would realize that it is one of the most difficult jobs in the home business industry. This is because to identify a land and building homes on the same is comparatively easy if the finance is available but to sell the same home to a customer is just difficult as here one has to convince a prospective customer as to why he needs to buy a particular home. However considering the demand for homes and the few choices that are available, at least there is a wider audience to convince and thus the probability of striking a deal becomes better. All in all when we look at the overall aspect of being a real estate agent it does give a very good work life balance in todays fast moving world where every one is short of time, because the Home business real estate agent can work at his/ her own pace and still make both ends meet as this is not a 9 to 5 job. But it should also be noted that the real estate agent will have to work at odd hours depending the needs of the clients and will also be required to travel a lot to show all the locations to the prospective buyers.

A new concept that has gained ground over the last few years is that of the sole selling agent which can be said as the modified version of the real estate agent. The sole selling agent is nothing but an agent who undertakes to sell the entire homes of a builder in a project and earns commission for the same. The difference here is the marketing of the project is done by the builder so there is a ready market that is made available to the sole selling agent. However the builder would give a time frame to sell all the homes and there would be a regressive amount of commission that can be earned by the sole selling agent i.e. if the homes are sold within the agreed time he will get the full agreed commission but if the sale goes beyond the agreed time, the amount of commission would decrease progressively. Thus if we compare a real estate agent to a sole selling agent the main difference is the initial capital required as the sole selling agent will have to deposit a certain amount to the builder as a retention money, where as there is no such requirement for a real estate agent.

Community Service

If we analyze the role of the Home business real estate agent they are the link between the builders and the prospective buyers. They are the mediators between the two and help the prospective buyers in selecting the dream homes for themselves. Thus they are in such a powerful position they can influence a person to go ahead and buy a particular home. If done with good intentions, the role of a real estate agents is to fulfill the dreams of people who want to own homes, because they are in a position to locate the home exactly as required by the prospective buyer and once the same is achieved it gives immense satisfaction to both the real estate agent and the buyer and we can go further to say that it will help more and more people to have homes as per their budget and choice which is great community service.

Conclusion

It is believed that by now the readers would have got a good idea on the life and business of a real estate agent. To conclude we can say that this is quite a lucrative business as of today because the returns are very good without investing too much capital. Also considering the demand for homes and the few choices that are available, the real estate agent plays a crucial role in identifying the right home for the right person. Even if one is doing a full time business of finding quality and dream homes for their prospective customers they do find quality time to spend with their family which is very important to maintain a stress free life. Also this business gives an opportunity to do community service by providing services to the community through which they can fulfill their wishes and dreams.