Our directors (and Anita, since she lives there) had a meeting at the Bobcat Lair house last night. Carol brought us some Mexican food, and we had a nice time eating and talking about stuff that is not work! Russell also got to go inspect our “wine cellar,” which he helped put together. My son had just come by and finished building the big cabinet, so it was looking much more together. This morning I put the wine in the racks and the spirits in the cabinet, and it looks good. I even organized the wine by varietal. Fancy.
Back to the Meeting
Eventually, after coconut pie, feats of mental gymnastics by Russell, and a celebratory and lovely bubbly, we got down to business.
Lee called the meeting to talk about how our processes were causing us to miss out on deals in the hot Austin market. By the time we get them analyzed, they are gone. And Carol doesn’t have time to leap on them sooner.
So, one idea we had was to get Mandi the training she needs to access the MLS directly and do what Carol would do for new leads. First, we’ll have to ask Mandi, right? But that would be even more valuable experience and knowledge for her.
Then we started talking about other markets we might go into where there’s a need and not everyone and their uncle/aunt who watches HGTV out there over-bidding for delapidated houses. Russ had done a lot of brainstorming, and a couple of his ideas seemed intriguing, based on where we think the housing market is going in the future.
The housing needs of people are changing. As Carol and Russell have learned during their time staging large homes, people aren’t rushing out to buy mega-mansions as much as they were. One reason is that younger people prefer experiences to things and would often prefer simpler and smaller accommodations, so they can spend money on travel and fun. Plus, the rapidly aging population also calls for different kinds of housing, such as homes with space for a caregiver, assisted living facilities, and such.
What we decided to do, after discussing a number of options, is to go off and research some of the ideas we have been having, and get prepared for Phase 2 of Hermit Haus Redevelopment. More to come!
What Are You Doing?
If you’re in our business, what are you doing to handle the changing markets where you live? Do you have a long-term plan?
And of course, don’t forget that we’d still LOVE to buy your sad house that you’re having trouble selling. Call 512-877-8077 and talk to Carol about your options.Hermann says please like and share!