HomeSmart vs NextHome Franchise Comparison

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

Start-Up Costs and Fees
 
HomeSmart Franchise
NextHome Franchise
Investment $65,500 - $205,000$14,750 - $213,100
Franchise Fee $20,000$3,750 - $8,000
Royalty Fee varies$180-$190/mo.
Advertising Fee varies$75-85/transaction
Year Founded 20002014
Year Franchised 20052014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
HomeSmart Franchise
NextHome Franchise
Experience We're looking for outgoing, results-oriented franchise candidates with strong track record of business success; people that can build relationships, lead teams, and have the motivation to excel! *Liquid Capital Required: $49,000 *Net Worth Required: $125,000-

Financing Options
 
HomeSmart Franchise
NextHome Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
HomeSmart Franchise
NextHome Franchise
Training Classroom Training: 40 hours Additional Training: Virtual training Classroom Training: 28 hours
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Ad Templates National Media Social media SEO Website development Email marketing
Operations Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5

Number of Employees Required to Run: 1

Expansion Plans
 
HomeSmart Franchise
NextHome Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About HomeSmart

HomeSmart International offers franchise opportunities using a proven “Low-fee, high-value” brokerage model. High value is achieved through SMART execution and service. This results in innovative processes and technology that will continue to revolutionize the residential real estate industry, while keeping your brokerage on the forefront. Our proven model focuses on four key pillars of success: Career Services, Agent Services, Broker Services and Transaction/Closing Services- and the creation of operational efficiencies within each pillar through our proprietary technology. Join One of the Fastest Growing Real Estate Companies! This franchise model has created one of the fastest growing real estate companies in the nation in a very short time, with agent counts up 51% over the last two years to over 7,700 agents worldwide in 14 states and 2 countries. We have immediate plans to continue our exponential growth across the United States this year.

Make the SMART move with HomeSmart

Learn more to see if the HomeSmart real estate franchise model might be the right fit for you.
See how HomeSmart is leading the real estate revolution.

Veteran Incentives  25% off franchise fee

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.