Real Estate Growth In 2008

Even with the decline in the real estate market, IRN Realty is not only alive, but is thriving and looking to grow in 2008. While many real estate companies are closing its doors or downsizing, this particular company is blooming.

“In the first quarter of 2008, we’ve had an almost 25% increase in sales from last quarter and a substantial amount of new agents joining our office”, said David Cheng, who founded the company in 1998. This company offers a fresh breath of relief for consumers and real estate agents, in face of foreclosures, short sales, and defaults. The management attributes their success to their unique compensation system that associates utilize when helping clients buy or sell a home. IRN Realty’s agent-centered system pays associates 25% or more than their previous companies for making a sale. This makes a huge impact in an agent’s income, especially in a time when sales are much harder to find.

“We’re very different from the traditional Coldwell Banker, Century 21, and Re/Max offices. We focus on giving the agent more and in turn agents can use those additional resources to better serve their clients. That way, everyone’s happy.”

There’s more. The company is constantly looking for more ways to better service their clients. Currently, they have a mortgage department, offer commercial real estate services, and have recently constructed a new, very user-friendly website at http://www.irnrealty.com more effective home searching Aside from assisting clients, the company also provides agents with tools an facilities to deliver better service to clients. There are over a hundred workstations across the three offices for them to use, each armed with a phone, computer, and real estate contract software, with no charge. Other companies differ as they charge agents a monthly fee for phone use, and often require that agents provide their own computers.

However, the company’s dedication to the industry extends beyond its own agents. Currently, the company employs a policy that allows agents to roam to any of their three branch offices, enabling them to service a larger area. But they go even further, inviting agents from outside the company to use any of their offices, conference rooms, and computers if they happen to be servicing a client in the area.

“Many of the agents who come in to use our office while serving out of area clients end up actually joining after seeing how we operate. We’re always open to everyone, no matter what company”, he added.

These are but a few of the reasons why the company has grown so quickly. Since the company’s establishment in 1998, the company has grown from 7 real estates, to over 500 at the beginning of 2008. This growth can be attributed to the hard work and dedication of the management team, who believe that by providing more, they will be able to attract more and better people.

The company continues to grow rapidly. Within the first quarter of this year, over 50 new real estate professionals joined IRN Realty from other companies, many of them former employees of Coldwell Banker, Century 21, and Re/Max offices. In 2008, the company hopes to reach 700 real estate professionals. They may actually reach more.