May 25

Your Real-Life Real Estate Questions Answered Now

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Your real-life real estate questions get answered now! Learn what you need to know about the changing real estate market.

Question: What will (or should) your industry look like in 5, 10, or 15 years & how will it get there?

Answer

There will be fewer individual agents.  More involvement for "Zillow" type companies who sell on price and not service. Fewer agents who are concentrating on "Specializing in / on Specific Markets". Bed & Breakfast Inns Specifically!

Question: What is the biggest problem the real estate industry needs to solve?

Answer:

Inflation & Interest Rates.  Are the two biggest issues.  Both of these decrease the market value of a property.

Question: What advice would you give buyers or sellers in this market?

Answer:

Sellers: treat your property as stock.  Buy Low sale High.  Buyers:  Due to Covid 19 the United States market will continue to be strong for the next 4-5 years.  Now is the time to take advantage of market.

Question: What are the most important things any seller can do to get top dollar for their home?

Answer:

The #1 issue is Wi-Fi Connection.  Everyone is on Wi-Fi. this should be number own.  Get rid of all the excess stuff.  Antiques are great to look at but are terrible to sit on or sleep on.  Have a TV in all rooms. Be safe and clean.

Question: How can buyers present the most attractive offer to sellers?

Answer:

Have a Pre-Approval letter in hand.  Cut down on closing time.  Have the property inspected but realize a property inspections is, in our opinion a must.  However, this is for you information it is not a sellers to do list!

Question: What are the biggest mistakes you are seeing buyers and sellers making?

Answer:

Not using Online Travel Agents (OTAs). 35-55% of all travelers use OTAs.  If you don't, you lose an opportunity to book 35-55% of your market.

Question: What are the biggest myths or common misconceptions about real estate?

Answer:

It is a constant.  The supply is limited.  You can create no more real estate.  This is the biggest mistake. Many folks do not believe this.  This is, in my opinion, the biggest mistake.

B&B Consulting

Rob Sales is an experienced licensed realtor & broker. Moreover, he & his wife Jane were successful B&B owners & innkeepers. Rob is available for a complimentary consultation to get your real estate questions answered. Contact B&B Consulting today! Also, be sure to check out our blog post pins on Pinterest!

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