Luxury Real Estate

First quarter 2023 is coming to a close! It's important to reflect on the past few months and assess whether the business strategy is working. It's important to stay focused on your core business instincts and not get distracted by negative headlines or outside noise. Building a successful luxury real estate brand is a marathon, not a sprint. Showcase your successes, celebrate these victories and use them to motivate yourself. Use any losses as an opportunity to learn and grow. Holding yourself accountable is key to success! Focus, accountability and a steadfast approach to your core business strategy will ensure even more wins and opportunities the rest of 2023! 

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Sometimes it feels like the sky is falling! Negative headlines, rising interest rates and now bank collapses! 15 years ago I was a private banker at Bear Stearns when it imploded. It feels like history is repeating itself. But every crisis creates opportunity. Is this time different then 2008 and how is your real estate business prepared. Do you throw in the towel or get even stronger in the months to come... Remember, a crisis can be a chance to shine and come out the other side even more resilient and successful. 

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The financial crisis of 2008 was an event that shook the entire world, and now it seems like history may be repeating itself, 15 years to the day! Banks are collapsing, depositors have been rushing for their cash and the potential for a commercial real estate time bomb is looming - but what does that mean for luxury real estate markets around the country? 

That's why we're calling an emergency round table to discuss what has happened so far, where things could be headed next, and how this will affect the luxury real estate market. 

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What a blast it was being on Jason Rash's podcast Where's My Money?

He's a dynamic guy, real estate investor and personal finance coach! He drilled me with some great questions that I think you'll love and keep you incredibly motivated!

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Luxury Real Estate Auctions can be a very valuable tool for your business. The finest collectibles including Art, Wine, Jewelry and Cars are sold at auction. Luxury Real Estate is another asset class that, though this process, can unlock liquidity, attract global buyers and eliminate months and potentially years to sell a trophy property. We are digging in with Chad on how he co-created one of the most successful companies in the space, tips for agents exploring the process and the partnership that was created last year with Sotheby's acquisition of Concierge Auctions. 

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Every luxury deal has its own personality. No matter how big or small, during the process lessons can be learned to help make your business stronger. Clients have diverse backgrounds and styles that can help make or break a deal. In this episode, I'm keeping it light and highlight a dozen deals that taught me a lesson that won't be forgotten. 

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You have to make things happen! There have been lots of luxury real estate transactions that have closed based on pure buyer demand and an order taker agent got it done. 2021 and 2022 was an environment that an order taker could survive. But things can change on a dime. The deal maker is back! What are you? What is the difference between the two and why the deal maker will always have longevity and survival in any market cycle. 

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You don't need to be an expert in everything. But surrounding yourself and your clients with trusted advisors makes your business bullet proof. Providing value added services helps facilitate deals and keeps you one step ahead of your competition. Ryan Pappy is a leader in the home insurance industry. He shares with me some strategy's to help agents add value and comes clean about the Tiger chained outside! You gotta hear this crazy story that could have ate him alive at the home inspection!

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Creating new habits and breaking old ones when setting the stage for a productive year takes lots of discipline. Let's face it, we all have the tendency to give up pretty quickly when you don't see immediate results. But results take time and staying the course will result in super successful gratification for both you and your clients. What did you do the first 30 days in 2023? 

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Whether you're established or just getting started, the role social media plays in reaching your clients is huge! Without a strong social presence, you are no doubt being left behind by your competitors. On this episode, I'm chatting with guru Katie Lance, a nationally known keynote speaker in the real estate industry. For the past 10 years , Katie has been working with agents and brokers across the country helping them get smarter about how to use social media to grow their business. She's authored her best selling book and is well recognized as an authority in real estate marketing and consulting. Her accomplishments are OFF THE CHARTS! 

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