Kamloops Real Estate Agent In British Columbia (Essay Sample)

Kamloops Real Estate Agent In British Columbia
Course Number
Date
Instructor
Student numbers
Real Estate Agent In British Columbia
Town Brothers
Town brothers are licensed Kamloops realtors who have increasingly expanded their business and become a potential award winning retailers since 2008. The town brothers are the supporters of children and women shelters foundation that helps women and children both locally and nationally (Richmond and Bruce Reslie, 2012). The town brothers are exceptional realtors in the entire Kamloops who seek and listen to what clients are interested in.
Key External Environmental and trends Affecting their Services
Economic Trends
Any business has external environment that is associated with external factors uncontrollable by business management. For instance, the management of any business will not have control over competitors, the general economic conditions, or the changes in the law. However, there could be measures a business organization would use in reaction to the change in the external environment.
Competition
The strength of business competitors increasingly changes with many business managers finding it difficult to cope-up with it. Apart from appearing and disappearing, competitors have greatly influence the market trends of real estate agent services in Kamloops in terms of prices and strategies of winning clients. To deal with this issue, Twin Brothers have ensures that they are alert with regard to every step their competitors take.
Technology
There has been a tremendous change in technology over the decades. Technology is a factor that always exerts pressure on real estate agent services. If real business does not adapt quickly to the changes in technology, they will definitely risk in losing the market share. This is because, technology affects the design and delivery of services.
Demographic
There is continuous modification in the total make-up of the population. Changes in demographic set-up like increased population of elderly people, age of marriage and increasing number of stable families. This demographic factors affect the way people purchase estates with area with more stable families having high potential of buying rental houses.
Social Consideration
The town brothers have brought a professional, enthusiastic, and energetic method into real estate. They also try to make buying experience for all their clients be rewarding as possible. The town brothers also discovered that buying or selling an estate can be both a fun and stressful experience. This situation is due to the fact that the market is continuously changing with each property having a unique feature ("Kamloops Real Estate: The First 100 Years - Byron Winston Harker - Google Books," n.d.).
Town brothers therefore give professional guidance on price listing, and help in drafting proper contracts (Dearborn Real Estate Education (Firm), 2002). They also help in negotiating on people’s largest asset. In order to serve their clients fully, they have a great network of notaries, lawyers, mortgage brokers, surveyors, home inspectors, and accountants to help their clients go through their process of buying or selling their assets successfully.
Foreclosure properties
Sometimes lenders are forced to foreclose on homes. When properties are foreclosed, it becomes a great opportunity for buyers to purchase properties under market value. However, the process is always tiresome, and that is why town brothers come in to help buyers in this whole tiresome transaction process.
The task of selecting a realtor
Identifying a realtor to help you in advertising and selling your home will be a difficult task ("Services of real estate agents. Requirements for the provision of services of real estate agents, 2008). The town brothers noticed that Kamloops area has a myriad of realtors to select from, therefore, they have decided to be unique from the rest to attract potential clients.
Investment opportunity
Town brothers have discovered that most people wish to have a huge income at the time of their retirement. Kamloops offers a great opportunity for one to invest in whether it is commercial or residential (Edwards, 2007). It even offers a great investment opportunity to invest in like investing in real estates.
Major Competitors of Kamloops Twin Brothers
The major competitor of Twin Brothers is Max professionals. Max professionals leads real estate agent market in terms of sales, education, and experience. They have over sixteen years of experience cutting across that cuts across the internet (Firm), 2002). In terms of the market share, Max has dominates every market in Canada having supporters for over 35 years of brand name development. It has 100,000 sales associates in more than seventy thousand offices worldwide.
Position of Max Real Estate Agents
Max real estate agent is the front runner when it comes to supporting the community. It supports several charity organizations together with local causes (Hamilton, 2009). Since 1992, max has been a sole contributor towards children’s miracle network. In every year it raises over four million dollars to support children foundation organizations.
Statistical Analysis
Twin brothers have dominated real estate market in Kamloops real estate agent services. They have 65% dominance of the total market in Kamloops (Canada Mortgage and Housing Corporation et el., 1997). In 2014, the demand for their services was 50% with only fe...