5 Top Real Estate Franchises we love

The current real estate market may be a once-in-a-lifetime opportunity for those who want to invest in the real estate franchise industry, with an uptick in undervalued properties and an increase in people looking to buy. The housing market increased approximately $2.5 trillion in value in 2020, which is the most in a single year in more than a decade. And after a record-setting year of home sales in 2020, the market shows no signs of slowing down.

• Startup costs: $70,000-$90,000

• Units: 150+

HomeTeam Inspection Service was founded 25 years ago and is known as an industry leader in the home inspection space. The brand assists buyers, sellers and real estate professionals by providing quality home and business inspections. Their services include pre-list inspections, mold tests and indoor air quality evaluations.

• Startup costs: $30,000-$70,000

HomeVestors is comprised of more than 1,100 franchises and is continuing to grow. Its business model showcases responsible business practices and a family of collaborative franchisees. HomeVestors franchisees purchase residential properties "as is" from sellers in difficult situations and then fix the properties up to resell. All locations are independently owned and operated and utilize proprietary home evaluation, lead management software and deep knowledge of the industry.

• Startup costs: $49,250-$222,500

Since its opening nine years ago, Realty One has grown quickly, rising to 153 total units. The California-based real estate franchise offers financing options to those looking to buy a house. Additionally, they offer home buyers marketing services and ongoing support.

• Startup costs: $395,500-$1,600,000

NextHome is a progressive real estate franchise that focuses on consumer branding, technology and marketing. The brand has only been around for seven years, but since its founding, the California-based business has grown to 361 U.S. franchises, up almost 20% in the past year and more than 200% in the past three years.

• Startup costs: $40,000-$284,000

In addition to being one of the most well-known real estate franchises, the Denver-based company also showcases a variety of support options for franchisees, including meetings, conventions, online support, security and safety procedures. The brand has been so successful because of proprietary software and a franchisee intranet platform.