Teacher Turned Realtor with Megan Vollmer

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Teacher Turned Realtor with Megan Vollmer

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Welcome to the Real Estate Collective Podcast featuring your host, Brandon Head and Megan Vollmer. On today’s episode, Brandon learns more about how Megan got into real estate, her teaching background, as well as the market chaos in mid to late 2020 with low interest rates. They discuss the differences between a $600,000 home and a home in the 400-500k range, as well as the competition caused by the increasing influx of companies and people to Texas. Megan and Brandon cover the concept of full and partial waivers and the consequences of selling houses, as well as suggest a solution of using equity from a HELOC to make a down payment on a new house and renting out the current house. Lastly, they emphasize the need for agents to have a genuine desire to help others and to have an understanding and knowledge of the real estate business in order to be successful.Timestamps[00:04:09] The Impact of COVID on Real Estate.[00:07:57] How Low Interest Rates Impacted the U.S. Housing Market in 2020[00:12:08] The Price Range for Houses with At Least 1900 Square Feet and Little to No Renovations in the Grapevine Area[00:16:19] The Effects of Rising Interest Rates on Buyers in a Competitive Market[00:20:26] The Effects of a Competitive Housing Market on Making an Offer.[00:24:53] The Dangers of Completing a Full Waiver of Home Purchasing and the Fast-Growing Real Estate Prices in Hollyville and Grapevine.[00:32:26] The Impact of the Housing Market, Voting, and Interest Rates on Home Buyers[00:36:31] Real Estate Investment: Navigating the Difficulties of Buying a Home with Limited Resources[00:40:25] Recruiting Real Estate Agents Who Have a "Servant's Heart"[00:44:34] Overcoming the Fear of Not Knowing: Learning in the Real Estate Industry[00:48:45] Strategies for Agents to Successfully Market and Manage Unexpected Problems During Transactions[00:53:30] Strategies for Successful Real Estate Business as a New Agent[00:58:05] The Challenges of Being a Real Estate Agent[01:02:23] The Importance of Maintaining Neutrality and Time Management in a Transaction[01:06:22] Successful Real Estate Agents Over 40: Strategies for Organizational Efficiency and Building Word-of-Mouth ReferralsTOPICSReal Estate Investing, Home Equity Line of Credit, How To Be A Successful Real Estate AgentTime Management TipsThe Effects of A Competitive Housing MarketAll Quotes[00:31:33] "It's a long-term game. It is. And this is this is going to be interesting. This between the interest rates, the number of people moving in, I what Zillow has done, Opendora, those types of brokerages, if the next 10 years for real estate as a industry is going to be quite fascinating."[00:20:16] "Do you know what the peak day to buy real estate is in the state of Texas? Is it fourth of July? It's May it's like May eleventh. Oh, most offers written on that day. Interesting. I wonder why May eleventh because summer Maybe you get in there before right as school is getting out. Yeah. So, you have all summer to get settled. Yeah. Transition period? Yeah. I guess. Because you close that next July or, like, July 11 ish?"[00:45:43] "It the best deal is the deal that closes that everyone's happy with. Right."[00:27:14] "It was another probably 80 to a hundred grand to raise the raise the property. And they tore down the 2 big ass Oak trees that were there. Like, it was just 1 piece of your I was I was hurt my heart to see that."[01:03:52] "You're too you're getting too involved. Like, you're getting too close to this. You're taking this too personally, and that other agent can feel it and is taking advantage of your involvement. Trying to push the buttons."[00:09:05] "You are crazy if you do not look at your interest rate and go get it refinanced. Crazy."[00:09:25] "It's crazy to think about that. I saw something the other day as a side note. It was What was it? If you bought a 600000-dollar home at and locked in at, like, 2.75. That same house today in today's rate market would be 380000 dollars. The buying power is shrunk that much."[00:15:12] "But it's a vastly different house. And for double that, you can get the mega mansion across the street."[00:30:47] "Most agents on Wednesday are not going to have that conversation of don't sell your house. Right? Because then I'm not going to get paid. Just shot me in the foot. Right?"[00:51:27] "It's the thank you. It's the happy birthday. It's the anniversary. Christmas. It's just a genuine contact point relationship builder, and it's a follow-up."[00:55:10] "Pick up the phone. Don't just text, pick up the phone. Anybody listening, write that down, because that legit that no. That legit is the key. It's just having those honest relationship conversations."[00:52:20] "You remember that I was a realtor before you remember that your neighbor's daughter is also a realtor. It's just being in front of people in a genuine, non-pushing kind of way because people don't want to be pushed on either."[00:13:47] "It was the kind of house ...