Chandra Herman discusses insights into navigating the real estate market
Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-chandra-herman-realtor-with-brightco-home-group/
The episode delves into the dynamic nature of the real estate market, highlighting how strategies that were effective in the past may not be applicable in the future. Chandra Herman emphasizes that what worked three to five years ago may not yield the same results in three to five months, underscoring the need for adaptability. Chandra concurs, acknowledging that markets can swiftly adjust and change. This implies that both buyers and sellers must remain informed and flexible to navigate the ever-evolving real estate landscape. It stresses the importance of being aware of current market conditions and trends to make well-informed decisions in real estate transactions.
The podcast episode centers around the significance of kindness in real estate dealings. Chandra Herman reveals that the website slogan is “Where Kindness Meets Real Estate,” indicating their commitment to treating clients with empathy and compassion. Chandra Herman recounts her early experiences working with numerous first-time homebuyers who valued her guidance and support, regardless of their limited budget or knowledge about the process. She mentions her long-term partnerships with clients, assisting them in improving their credit and saving money, showcasing her dedication to helping individuals irrespective of their circumstances. Chandra Herman also humbly mentions that she started her business with only $100 and aims to remain grounded while assisting others in building their wealth and real estate expertise. Overall, the episode underscores the significance of kindness and providing exceptional service to clients within the real estate industry.
According to Chandra, the Colorado market has recently witnessed some volatility. The inventory of homes in the area is on the rise, while home prices are declining. This could potentially impact mountain living and the pool of potential buyers in the region.
Chandra Herman notes that due to the current state of the economy, individuals are reconsidering the feasibility of living in the mountains and the associated commute. Consequently, the pool of buyers is shrinking. Additionally, Chandra discusses the tightening market for short-term rentals in the area, with more people now seeking primary residences rather than investment properties or second homes. Overall, the episode suggests that the Colorado market is undergoing significant changes, potentially affecting mountain living and the types of buyers in the area.
Chandra Herman explained: “The short-term rental market, I think is tightening up. Years prior, we were seeing a ton of people wanting to buy second homes, and investment properties, turning them into short-term rentals. And now that is kind of leveling out and is becoming more even with people looking for primary residences out here.”
About Chandra Herman
Colorado has been home since Chandra was 10. She has a beautiful blended family. 4 children, 4 dogs, and a few reptiles. After being in the medical field for almost 10 years, She decided to follow her true passion of Real Estate. A year ago, She launched her team, BrightCO Home Group, to focus on her local small town of Florissant and the surrounding area.
Mountain Properties is her niche. Our tagline is “Where Kindness Meets Real Estate” because she truly wants to bring each individual a unique experience that makes them feel valued and heard throughout our small journey together. In doing so, Chandra hopes to make everlasting relationships and continue to help people make their financial goals a reality. Chandra loves what she does!