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Real Estate Rockstars Podcast

SOTM 40: Coronavirus Will Impact Real Estate: Here’s How to Prepare

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6864 Ratings

🗓️ 18 March 2020

⏱️ 30 minutes

🧾️ Download transcript

Summary

A couple of weeks ago, we discussed whether or not coronavirus would impact U.S. real estate markets. Now, with offices closing down and shelter-in-place orders on the horizon for major cities, it’s clear that sales will be slowing down. As a Realtor, what can you do to prepare during uncertain times like these? On today’s podcast, we talk about the things you can do now to set your real estate business up for continued success. Listen and learn how to keep generating leads, what you need to ask escrow officers, and ways to show properties without hosting open houses. Get Instant Access to Hundreds of Free Real Estate Tools Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info

Transcript

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0:00.0

We are now in a real unprecedented time, but I'm going to tell you it will be over and we will be back.

0:10.0

And the question is, will you be ready when you get back? So the big question is this, how do most agents who don't have access to the secrets that most successful agents

0:25.2

hoard to themselves grow and prosper in today's competitive real estate environment? That's the question and this

0:34.6

podcast will give you the answers. I'm Pat Heiden and welcome to real estate

0:40.1

rock stars. State Rock Star Nation. This is Aaron and Mucchestegi. I am back with Paul Morris for state of the market on real estate rock stars.

0:56.6

You know rock stars I shot a text to Paul earlier today and said hey do you want to jump on and do stay to the market with me today to talk

1:04.5

about the coronavirus it's really hard right now to go find real estate news or any

1:09.6

news at all that isn't talking about this you know two weeks, Pat Hyven and I got on here and we were doing the state of the market.

1:15.6

That was one of the items we talked about was the coronavirus and maybe some potential impacts that could be happening, but I know for sure now as we look

1:24.8

back there was no way two weeks ago we had any idea what we were going to see

1:29.5

this week. You know two weeks ago I flew out to Maui and I got there and you know right when I got there I was talking to my brother and we were looking around like this place is busier than ever

1:37.6

There's tons of construction and always thinking was we are in the best economy ever

1:42.4

The housing market is booming, real estate is booming,

1:45.9

everyone is wealthy, everyone's out there spending their money, and it was 10 or 11 days later that

1:52.4

we see like whoa you know Las Vegas has you know closed all

1:57.4

their hotels and casinos you know tens of thousands of people laid off you

2:01.9

know entering the recession entering what could be a housing market

2:05.2

crash, and if you would have told me like two weeks ago, I'd have been like, you know, I feel like we're in a bubble,

2:10.3

but I don't know what's going to cause this thing to burst. if you'd have told me a super flu who's going to do it

2:15.2

Yeah, so we go from there stock bargain down something like 30% and Paul I want to throw that to you

2:19.8

because I know you've been looking a little bit closer at the statistics but you know

2:23.8

rock stars we're gonna plan to talk about some coronavirus news today

...

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