Real Estate Business for Sale in The State of Virginia

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Red Barn Homebuyers model is designed to use a proven business strategy overseen by highly experienced and driven business leaders allowing practitioners to focus on what they do best, whilst still enjoying the lucrative success of being a business owner.

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The Ideal Candidate

The Red Barn brand is important to us, we have invested 15 years building a family of very successful businesses. For Red Barn Homebuyers we plan to be very selective with who we award a franchise to, it is essential that a person is the right fit.

So, what characteristics does the ideal Red Barn franchisee possess?

Tenacity

lndividuals who will fight every day to land а deal, who don't accept "no" for an answer, and who embody persistence and determination. The individual needs GRIT!

Risk Tolerance

А person who won't shy away from an opportunity when questions тау not have answers. Real Estate is inherent with risk, you must bе comfortable with it.

Vision and Focus

Someone who can see the possibilities that exist, think creatively, AND remain focused to see it through to completion.

Relationship Builder

Individuals who can build a relationship with a homeowner. develop a team around themselves, and leverage those relationships for success.

Track Record of Success

Those who have applied themselves and succeeded in the past are inherently more likely to succeed at new ventures.

Brand Champion

Someone who will represent the Red Barn brand well, who will champion it through their business, and who embrace the values and culture of our organization.

Alignment

Someone who will follow the guidelines, principles, and expectations of the Red Barn Homebuyers franchise. Some people are better solo, we're looking for individuals who can operate within our team framework.

Real Estate market in The State of Virginia

8.51M

Population

3.18M

number of households

42,774.2 sq mi

territory

$282,800

property value

$76,398

household income

66.7%

homeownership (Own vs Rent)

Originally established as the Colony of Virginia in 1607, the Commonwealth of Virginia today is home to more than 8.51 million people. The state has a current median household income of $76,398, and a median property value of $282,800.

The median annual income for males stands at $45,283, while females earn a median annual income of $29,770. This means Virginia has a current inequality rate on the Gini Index of 0.478; that rate is lower than the US national average.

For most areas around the state, the sales tax rate is 5.3%, a figure that's higher than the national average sales tax rate of 4.0%.

The unemployment rate in Virginia is currently lower than the national average. As of December, 2022, 3.1% of the work force was not employed. This compares to the national unemployment average for the same period of 3.4%

More than 4.12 million people are employed in the state. The industries offering the greatest number of jobs include Elementary & secondary schools, Construction, and Restaurants & Food Services. Fields offering the highest paying positions include Software publishing. Securities, commodities, funds, trusts & other financial investments, and Legal services.