deals always exist
Issue 124 - March 3rd, 2023
Turbulent real estate markets push top performing brokerages and agents to the top.
Times are not easy right now for agent to do deals, and you must recognize that and step up to the plate to make things happen. As an agent, you can either choose to dig in, work hard, and get creative to make things happen OR you can become lazy and blame your poor performance on the “market” or “rates” or a million other things you can use an excuse.
The choice is yours, but you can always find ways to make things happen as there are always buyers and sellers that need your help - it just may be a little bit harder than it was over the last 24 months.
Markets come and go and there are always major shifts and things that happen during large market movements on the up and on the down. When things are frantic and growing like crazy, it is easier to cover up bad business practices and sloppiness. On the down when the tide goes out, you truly find out what people and companies are made of when things get turbulent. Great companies and great agents find ways to thrive during bad times; there are ALWAYS deals to be done in the real estate industry, and some of the best opportunities for growth come during the most turbulent times.
The choice is yours to take advantage of the situation in front of you and make sh*t happen. LFG.
Newsworthy Links To Share
Private terminal for celebs, wealthy travelers coming to DFW Airport
The private luxury terminal will feature amenities such as chef-prepared meals, chauffeur service and day beds. But it comes at a steep price.
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2,520-acre North Paluxy Ranch hits market for $16 million
Here's your chance to take a photo tour of a ranch that has been in the same family for multiple generations.
Brokerage Beat: The Agency, BHGRE, JPAR and EXIT expand
The Agency extends global reach, BHGRE grows in three states, JPAR comes to the Bay Area, EXIT aims for "aggressive growth," KW agent opens boutique brokerage.
The 45 most important VCs in Texas, according to other VCs
The tech market in Texas is booming, drawing attention from investors. These are the 45 top VCs based in the Lone Star State.
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Due to declining rent growth and increasing housing stock, 2023 could be the first year since the pandemic where owners will have to compete to find tenants.
Jones Lang Lasalle (JLL) saw profits nosedive 59% in Q4. Their solution: a plan to cut costs by $125M this year. Such a course likely means layoffs on the horizon.
Compass Loses $158M Loss in Q4
Compass lost $158 million in the fourth quarter, according to its earnings call, but holds plans to be free cash flow positive.
PROPERTY HIGHLIGHT: Luxury Lake Austin waterfront living in the heart of Westlake. This three-story condo has been completely remodeled and comes with an attached covered boat slip. (Douglas Elliman)