SMOR's Real Estate
Dr. Yenumula

SMOR's Real Estate
Real estate is an active interest of mine that I decided to pursue as a career. This is a hard business to start. I am deciding whether to open my own firm or buy into an established firm. The Raleigh/Durham North Carolina, area appears to be rebounding from the recession in the housing market. The Raleigh/Durham area was listed as one of the best places to live. This has attracted people and companies. Many companies have made Raleigh/Durham their company headquarters. Some examples are Progress Energy, Red Hat, LORD Corporation, and Bayer Crop Science. Making an area a corporate headquarters causes an influx of upper level jobs. These jobs have higher salaries. Many of the positions are filled by internal candidates around the company which usually includes a relocation package. After employees arrive they will look for housing first. Many people are purchasing below what they qualify for, so focusing on the mean housing price is a good strategy to begin with, when starting a real estate business in the Raleigh/Durham (RDA) area.
To determine if I should start my own business or buy into an established firm I should take a survey first. The survey should consist of questions concerning using a new real estate firm vs. a firm with a long history, firm with a more personal touch, average family income, school age children, commute to work distance, maximum purchase price of house, purchase time frame, and housing type. The survey will be administered via e-mail, Google ads, snail mail, and visitors’ welcome center. The sample of the survey will be determined using statistical means. The equation used to determine sample size is n= Z2 * Standard Deviation2/(Standard Error)2. Z depends on the confidence required which is 1.96 for a confidence limit of 95% and n is the sample size. The standard