COVID-19 has Changed Real Estate, maybe forever...

Today’s guest is Theresa Souers, managing broker at Corcoran Global Living. Theresa has been in the real estate business for the past 25 years. On this episode of Thought Talk we discuss the impact of COVID-19 on the broader real estate market and the implications for buyers, sellers, and investors alike.

 

You will want to take notes as Theresa shares her impressions on this seller’s market, the trends that are here to stay, as well as the things we can expect to see in the future. Theresa also shares a treasure trove of tips for investing smart and buying right.

Tips on making sure buying or selling is for you

 

• Prioritize — sit with your family and make sure everyone’s needs are met; do you need to be near organized activities (sports, dance, music); what about educational needs?

 

• Test — visit the communities that interest you and stay there a while; you can find out by living there for a while if the location is right for you.  

 

• Don’t get caught up in the real estate frenzy — look at your budget, your projected income, your lifestyle and desired amenities. 

 

• Avoiding buying mistakes — do your homework, look at the value of the property you’re buying, look into the neighborhood, into potential resale, how long will it take to recuperate your investment; are you paying above market? Ask the right questions.

 

• Avoiding selling mistakes — ask yourself why you’re selling, and if you do sell, where are you going to go?

 

• Get the most out of the sale of your home. 

 

• Most people shop online, you have one chance to make that first impression.
• Invest in a professional photographer and a 3D video walkthrough.
• Stage your house, empty rooms don’t do well in photographs.
• Give each place in the home a purpose.
• Make sure the REALTOR® you work with has an extensive marketing program.

 

About Karen Tiber Leland

 

Karen Tiber Leland is the founder of Sterling Marketing Group, a branding, marketing, and color strategy and implementation firm helping CEOs, executives, and entrepreneurs develop stronger personal, business, and team brands. Her clients include Cisco, American Express, Marriott Hotels, Apple Computer, LinkedIn, and Twitter.

 

She is also the best-selling author of nine traditionally-published business books that have sold over 400,000 copies and been translated into 10 languages. Her most recent book is The Brand Mapping Strategy: Design, Build and Accelerate Your Brand. She regularly writes for Inc.com and Entrepreneur.com and has had articles published in Self,