JF3336: J.D. Schmerge - Market Insights from a Multifamily Broker

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Slocomb Reed sits down with seasoned commercial real estate expert J.D. Schmerge to deep dive into the dynamics of the ever-changing market from decoding property valuations to the art of bridging sellers and buyers.

Key Takeaways:

• Market Dictates Price: A property's value isn't just about a seller's listing price; it's really about what the market is willing to bear. Both sellers and brokers should approach pricing with flexibility and market awareness.
• Understanding Buyer Needs: There are different types of buyers in the market. Some prefer turnkey properties, while others look for opportunities to add value through renovations. Catering to these diverse needs is crucial.
• Realistic Expectations: Sellers should have realistic expectations regarding property prices and be ready to trust the market. This can ensure a smoother transaction process and better outcomes.

• Multifamily Broker with Si Vales Valeo Real Estate
• Based in: Cincinnati, OH
• Say hi to him at: 
  • LinkedIn
  • svvre.com

• Greatest Lesson: Be realistic on expectations, and trust that the market is going to dictate the price.

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