Today we’d like to introduce you to Telesa Wright
Hi Telesa, it’s an honor to have you on the platform. Thanks for taking the time to share your story with us – to start maybe you can share some of your backstory with our readers?
I never imagined I would become a Real Estate Broker. My journey began as an unpaid assistant to my husband, who was a full-time Realtor. One day, he asked me to accompany him on house showings to observe and identify where he was going wrong with a couple he was working with. He often thought he had found the perfect home for them, only to find out later that they had changed their minds.
I quickly saw the issue. He was selling the house to the wrong person. While the husband was technically the client, the real decision-maker was the stay-at-home wife and mother who trailed behind them during the showings. Once my husband began focusing on the actual client, he successfully made the sale.
After that, he frequently asked me to join him. His Broker noticed and insisted I get my license, believing I would make a great agent—and she was right. Many years later, I am now the co-owner of Bespoke Realty alongside my husband.
Can you talk to us a bit about the challenges and lessons you’ve learned along the way. Looking back would you say it’s been easy or smooth in retrospect?
It hasn’t been a smooth road, but it has certainly been a road worth traveling. I began my journey in Southern California, a highly competitive market with an agent on every corner.
Since both my husband and I were Realtors, a struggling market meant a struggling household. Success was our only option. We worked long hours, lived on an extremely tight budget, and sacrificed a great deal—but we made it. When we moved to Mississippi, we had to start from scratch. Mississippi doesn’t reciprocate California licenses, so it was as if we had never been licensed. Despite the challenges, here we stand nine years later.
As you know, we’re big fans of Bespoke Realty. For our readers who might not be as familiar what can you tell them about the brand?
Bespoke Realty is a full-service boutique real estate brokerage, offering customized services to meet the unique needs of each client. Licensed in Mississippi and Tennessee, we are also members of the National Association of Realtors and NAREB, giving us access to Realtors across the nation.
Our team includes specialists in every area of real estate, including commercial properties, new construction, existing home sales and purchases, contract negotiations, and relocation services. Additionally, we offer in-house financing through our lending partner, New American Funding.
Bespoke Realty is 100 percent black-owned and 50 percent woman-owned. We proudly opened the first recorded black-owned business in Olive Branch, Ms. We offer a hate-free environment. All potential clients are welcome.
If you’re looking to live in one of the best counties in the nation, consider Desoto County, MS, and give us a call.
What sort of changes are you expecting over the next 5-10 years?
Over the next 5-10 years, the real estate industry is likely to experience significant shifts and trends driven by technological advancements, economic factors, and changing consumer preferences. Here are some key predictions:
1. Technological Integration
AI and Big Data – Artificial intelligence and big data will play a larger role in property valuation, market analysis, and personalized client services.
Virtual and Augmented Reality – VR and AR will become standard tools for property tours, allowing potential buyers to explore properties remotely.
Blockchain – Blockchain technology will streamline and secure transactions, making processes like title transfers and contract management more efficient and transparent.
2. Urbanization and Demographic Shifts
Urban Infill Development – As urban areas continue to grow, there will be more focus on infill development, redeveloping underutilized urban spaces.
Aging Population – With an aging population, there will be increased demand for senior housing and communities that cater to older adults.
Millennials and Gen Z-These generations will dominate the market, bringing preferences for urban living, flexibility, and amenities over square footage.
3. Economic Factors
Interest Rates- Fluctuations in interest rates will continue to impact affordability and borrowing costs.
Housing Affordability- As prices rise, there will be ongoing challenges around housing affordability, particularly in major urban centers.
Remote Work-The rise of remote work will influence housing demand in suburban and rural areas as people seek larger living spaces outside traditional urban cores.
4. Market Trends
Short-Term Rentals -The popularity of short-term rentals will continue to grow, affecting traditional rental markets and housing availability.
Co-Living Spaces- Co-living arrangements will become more popular, especially among young professionals seeking affordability and community living.
Overall, the real estate industry will continue to evolve, driven by technological innovation, changing demographics, and new economic realities. Adapting to these trends will be key for industry professionals to stay competitive and meet the needs of our future buyers and sellers. At Bespoke Realty, we are dedicated to keeping up with the times.
Contact Info:
- Website: https://www.BespokeRealty.net
- Instagram: BespokeRealtyMS
- Facebook: BespokeRealtyMS
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