SellSmart Real Estate vs NextHome Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of SellSmart Real Estate vs NextHome including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
SellSmart Real Estate Franchise
NextHome Franchise
Investment $23,500 - $53,600$14,750 - $213,100
Franchise Fee $14,950$3,750 - $8,000
Royalty Fee 6%$180-$190/mo.
Advertising Fee -$75-85/transaction
Year Founded 20012014
Year Franchised 20042014
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $500-


Business Experience Requirements

 
SellSmart Real Estate Franchise
NextHome Franchise
Experience --

Financing Options

 
SellSmart Real Estate Franchise
NextHome Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
SellSmart Real Estate Franchise
NextHome Franchise
Training * Available at headquarters: 3 days

* Regional seminars: 1-3 days

Classroom Training: 28 hours
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing - Ad Templates National Media Social media SEO Website development Email marketing
Operations * 20% of all franchisees own more than one unit

* Number of employees needed to run franchised unit: 2 - 3

* Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Number of Employees Required to Run: 1

Expansion Plans

 
SellSmart Real Estate Franchise
NextHome Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About SellSmart Real Estate

NO LONGER FRANCHISING

New land plans of action and innovation giving customer access to data is changing the land business for Brokers, Salespersons and Mortgage Lenders. A late overview showed that around 70% of buyers expressed that they needed a markdown charge structure without bargaining the administration that an accomplished representative may offer. SellSmart® is on focus with the reply - a far reaching framework to fulfill the desires of today's customer. Educated shoppers are the main impetus behind industry changes. Today's insightful shopper knows there are a greater number of alternatives accessible than the customary land financier firms. As home costs have far outpaced the shopper cost file, dispatched dealers who increment their overall revenues without offering extra esteem and administration to the customer are off guard for obtaining new postings. Actually, with expanded online access to data, shoppers wind up performing a significant number of the ventures themselves. Generally perceived for its purchaser driven plan of action, SellSmart gives home venders proficient mastery all through the whole cycle of home offering, and the BuySmart® program offers purchaser administrations and motivating forces. SellSmart is gaining by the market proficiency and monetary advantages that are accessible through online media by passing those reserve funds onto the shopper.

About NextHome

The real estate industry is shifting. Our current population of brokers and agents are becoming more seasoned, and many are looking for succession plan options.
In the last 15 years, the number of REALTORS® in their 40’s has dropped, and even fewer of the next generation are choosing to enter the industry. The consumer population is changing. Generations X and Y now make up the majority of all homebuyers and sellers. By 2020 Millennials will make up at least half of the American workforce, and more than 90% plan to buy homes. Yet the majority of brokerage brands and models have not changed in culture, technology, products, services and marketing to become more relevant to today’s consumer and agents.
"NextHome
Created on a foundation of over forty years of franchising experience, and a leadership team who knows every side of the business. NextHome redesigned how a real estate franchise partners with its brokers. NextHome focuses on empowering every broker with streamlined, progressive products and world-class marketing.
The consumer is our focal point for evaluating and implementing new ideas, allowing you to remain relevant and capitalize on smart strategic growth.
NextHome strives to help you achieve agent productivity, increased profitability and systems for long-term success.

"Entrepreneur

#95 in Franchise 500 for 2020.
#79 in Franchise 500 for 2021.