David Scheerer
Alpharetta, GA (USA)
Role(s):
Founder/Owner/Principal
Condo & Townhome Realty of Georgia, Inc.
Find More Startups
Startup
Location:
Atlanta
Industry:
Real Estate
Year Founded:
2019
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"S" Corporation
Description:
As our name implies, Condo & Townhome Realty of Georgia, Inc. (CTR of Georgia), is focused on two very large market sectors in the real estate marketplace. We are a full service Agency starting with Sales and moving into Leases if dictated by the market during our first year. Prospects looking to sell or buy in these market sectors will identify our business name as specialists in this sector and will more likely choose our Agency and Agents for representation.
We have decisively targeted the greater Atlanta area as our entry-point because of the huge and under-served opportunities available in Georgia’s Condo and Townhome marketplace. Attached residential units will include: residences in condo and townhouse neighborhoods; communities; mid & high-rise towers and lofts.
Our Start-up entry point is in the Buckhead Atlanta region, then we’ll spread out and engage Teams in the surrounding 18 County Atlanta, GA market. GAMLS statistics show that 1,281 single family attached units (condos and townhouses) sold in June 2018 with an average sales price of $239,000. By the end of our 3rd month, we project closing on our first unit. As we progress and recruit up to 37 Agents during the 1st Year, we anticipate Listing upwards of newly 45 new properties per month while closing on 20 of these in December 2019. We project an average 1.5% market share in this real estate sector in the Atlanta regional market. We anticipate to easily move into a 2.5% market share by the end of Year 2. At the end of December 2019, we will start expanding into several other Georgia’s medium size cities and/or to the Georgia Coastal communities.