Manage episode 285282454 series 2516289
When the market is good, people flood into real estate on the promise of earning tons of money. The problem is, a market this good can only be followed by a huge correction, and newly minted agents who wanted instant gratification will be in for a rude awakening.
Real estate is a long-term play, not a path to short term gain. It takes time and hard work to really get traction.
My guest today is a young agent who has put in the time and work to succeed in real estate, carving out a niche in one of the most competitive real estate markets - Los Angeles.
How did he manage to gain traction in one of the toughest luxury markets? What is he doing to set himself up for success on social media? In this episode, LA Realtor, Blake Stargel shares his story of dedication and hard work, how he’s leveraging social media to generate 40% of his deals, and how to prepare for the coming market correction.
Three Things You’ll Learn In This Episode
How to break into a competitive market The key to success in a competitive market like Los Angeles is joining someone who is already established, and working with someone who already knows everything about the properties. Partnerships, networking and relationship-building is key.
What we can expect from the real estate market in 2021 Since covid, the world has been flipped upside down. Even though the market is hot right now, a market correction is certainly on its way. The combination of pent up consumer demand, low interest rates and extra cash is causing the bubble we’re in right now, but it won’t last forever. What we need to be doing right now is preparing for the inevitable shift.
The strategy Blake’s using to generate deals on Instagram Blake is using his Instagram to not only post content, but to actually connect with potential clients. By sending messages to people who post using hashtags that are relevant to his local area, he’s engaging with people organically.
Blake Stargel is a Realtor in Los Angeles. He originally started his career with Berkshire Hathaway in Omaha Nebraska, and he is now with Compass in West Hollywood. As a specialist in the Los Angeles residential market with a focus on the distinctive communities of West Hollywood, Hollywood, Hollywood Hills, Silver Lake, Echo Park and beyond, Blake creates a truly impressive real estate experience.
In serving his clients seeking to find their dream home, sell their special residence, secure a lease or capture a strategic investment, Blake specializes in Residential, Luxury and Investment Properties.