shu realty inc | Application Preview
Shu Realty Inc. is seeking government grants to cover ongoing office rent, currently at $2,400 per month, and to hire additional agents and support staff. The owner expresses concern that without this funding, they may have to transition to working from home, which could compromise professionalism and safety when meeting clients.
The business plan focuses on expansion and team building to better assist homeowners, particularly those struggling with mortgage payments due to rising interest rates. Shu Realty aims to help these individuals sell their properties before facing foreclosure, allowing them to satisfy lenders and avoid the negative repercussions of auction.
With over five years of experience in the real estate industry, the owner emphasizes their ability to facilitate short sales, which can save homeowners from losing their properties and credit while also protecting lenders from further losses.
Shu Realty faces competition from established firms such as Corcoran, Douglas Elliman, and Compass. However, the owner believes their approach sets them apart, as they prioritize the welfare of homeowners and the community, rather than solely focusing on profits. This client-centered philosophy is a key reason for requesting grant funding, which will enable them to continue providing valuable services to those in need.
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General Information
Business Registration Number: 27-0309499
Location: brooklyn, NY, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
I will be using it to continually pay for the rent of the office (which is $2,400/mo. now and I will not be able to keep paying this amount soon) and to be able to hire agents and assistants to help me build up the business. If I don't get the grants, I might have to work from home, which means I will have to meet with clients at home, which is not safe or professional.
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Business Plan
I like to expand my business and build up a team, so I will be able to assist and help more sellers (homeowners). Due to the increase in interest rates, many property owners are now dealing with the problem of their mortgage payments being non-performing., I can help them sell the properties before foreclosure in order to satisfy the banks and avoid further damage or conduct a short sale with the bank to avoid auctions. Over the course of my more than five years in the real estate industry, I have gathered experience and knowledge to be able to find some innovative ways to assist homeowners by getting in touch with their lenders to arrange a short sale, which can prevent foreclosures and prevent lenders from losing additional money. If not, the homeowners will lose their homes, their credit, and their property will be foreclosed, and if the court auction does not satisfy the lender, they will be pursued for the remaining balance of the debt for the rest of their lives.
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Self Identified Competition
Corcoran, Doglus Elliman, Compass Most real estate experts only pay attention to sales and how to profit from them. I believe that the way I conduct business benefits homeowners and lenders, as well as society.
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