The Shift Happening in the Luxury Market and What to Do About It w/Brad Inman - a podcast by Michael LaFido
from 2019-07-02T02:24:31
We all know that the real estate market differs across local spaces, but collectively the luxury market isn’t doing as well as it was a few years ago. How can we stay informed about market trends and best practices? What is currently impacting the luxury market? What can we do to manage and overcome market shifts? In this episode, Brad Inman explains where the luxury market is mid-2019, and how conferences and communities can help us through these shifts.
Sellers are pricing too high, and buyers don’t want to make a move to lowball or bid. -Brad Inman
Takeaways + Tactics
- We can better overcome and manage the challenges we face in a shifting luxury market by going to conferences and events about luxury market trends and best practices.
- We need to be upfront with our clients, especially when talking about listings. We have to inform them of all the implications that are going to affect the luxury market so we can stay ahead of the market and make more successful transactions.
- We stand to gain a community of support from people in our industry who are helping one another be successful by attending conferences like Luxury Connect.
Use the discount code "LUXE" to get $250 off either of the next 2 Inman events:
We also shared insights on:
- Overcoming and managing luxury market shifts
- How to gain a community of support for success
- How keeping clients informed helps our success
The two biggest problems the luxury market has at the moment are taxes and sellers pricing too high. There’s no shortage of wealthy people, no shortage of successful realtors, and no shortage of referrals, but there is a hesitation on the buy side with the wealthy. By keeping our clients informed about the luxury market and its trends, we can help them sell and buy more effectively and successfully and in turn grow our business. When we invest in our career by attending industry conferences and events, we allow ourselves to stay up to date and educated about our market as well as build a supportive community of like-minded luxury professionals.
Guest Bio
Brad Inman is the Owner and Chairman of the Board of Inman, a digital media company that reports on the real estate industry. Founded in 1996, Inman has grown to become the largest real estate news company. The firm publishes more than 3,000 stories a year and produces widely popular events where the industry learns about the latest market trends, new technology and business models. On the Inman stage, Brad has interviewed many technology and media personalities including Rupert Murdoch, Arianna Huffington, Craig Newmark, Barry Diller, Kara Swisher and Barbara Corcoran. In 1999, he founded an online real estate firm called HomeGain which was acquired by media company Classified Ventures in 2005. Among other innovations, HomeGain was the first company to offer consumers an instant online home valuation tool. Brad was also one of the first investors and served as Chairman of the blogging platform Curbed before it was sold to Vox Media.
https://www.facebook.com/groups/RealEsateConnect/
Use the discount code "LUXE" to get $250 off either of the next 2 Inman events:
Further episodes of Luxury Listing Specialist - Dominate High End Listings In Any Market
Further podcasts by Michael LaFido
Website of Michael LaFido