value proposition
Issue 108 - November 4th, 2022
It is the tail-end of 2022, and many real estate agents are coming off the highs of career defining sales records over the last 18 months. The current market staring you in the face is a bit intimidating with doom and gloom headlines around every corner, interest rates rising, and general shock in the market. Legacy brokerage firms and high flying prop tech companies are announcing layoffs almost daily and many people fear the worst is yet to come.
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.
I am personally more excited than ever for what we are building at Pinnacle Realty Advisors as we are built to thrive during a shifting market. Our “agent-first” mentality with our low cost, high service model is a shining light in a shifting market. We have built our company from the ground up to withstand a crazy market with lower transaction volumes and we have a better value proposition for agents.
On average, agents take home 40% more per year just by joining Pinnacle Realty Advisors and doing similar volume.
Agents can do less deals on our platform and make more money than they would at their legacy firm.
We have over 20 staff members on our team who serve our agents all day long, and we are continuing to look for tools and partnerships that make our agents stronger and stronger.
Our pricing model benefits agents in all market environments but especially now more than ever as transaction volumes decline and agents are not doing as many deals.
We love for our agents to be our voice in the market, so click here to read and watch videos of some of our agents testimonials: “Success Stories”
When the tide goes out in a market, you really find out what people and companies are made of in these tough environments.
One of my favorite quotes below from Warren Buffett:
Learn more about Pinnacle Realty Advisors HERE!
Newsworthy Links To Share
Rocket Mortgage rolls out new loan option for manufactured homes (HousingWire)
Aro Homes, a San Francisco-based carbon-negative homebuilding startup, raised $21 million in funding. Innovation Endeavors, Western Technology Investment, and Stanford University invested in the round. (Term Sheet)
Opendoor lays off 550 staffers or 18% of their staff - message from their CEO (Opendoor Blog)
Zillow President Susan Daimler: ‘This is the time to be creative, to invest’
After a turbulent year marked by significant layoffs, Zillow is looking to “double down on the things that we believe in” and simplify the real estate journey. (Realestatenews.com)
PODCAST HIGHLIGHT: The FORT with Chris Powers: Scott Everett - Founder of S2 Capital - 0 to 38,000 MF Units by 32 years old
From Bloomberg on housing market stats:
Will Elon move Twitter to Austin? Check out their current office space portfolio HERE (CoStar)
Quarterly Apartment Prices Drop for First Time Since Start of Pandemic (CoStar)
zavvie Integrates with MoxiWorks (RISMedia)