We recently connected with Patrick Sean Everett and have shared our conversation below.
Alright, Patrick Sean thanks for taking the time to share your stories and insights with us today. What do you think Corporate America gets wrong in your industry? Any stories or anecdotes that illustrate why this matters?
As the Team Leader of The Patrick Sean Everett Team, specializing in real estate in Colorado, I’ve had a front-row seat to the impact of corporate America’s involvement in the residential real estate market. Here’s why I believe corporate America’s purchase of residential real estate is a strategy that misses the mark and how it affects our industry and local communities.
One of the most pressing issues is the way corporate buying sprees are driving up housing prices and reducing affordability. When large corporations and investment firms scoop up single-family homes, they often turn them into rental properties. This reduces the number of homes available for sale, which in turn drives up prices and rents. It’s becoming increasingly tough for individuals and families to find a home they can afford.
In Longmont, Colorado, where our team operates, we’ve seen this play out firsthand. The influx of corporate buyers has led to fewer homes on the market, making it a real challenge for first-time homebuyers and families looking to own their own homes. The competition from these corporate buyers pushes prices higher, exacerbating an already tough housing market.
Corporate ownership of residential properties also tends to disconnect the community from the people who own the homes. Unlike individual homeowners or small landlords who have a personal stake in their community, corporate entities are primarily driven by profit. This can result in a lack of community involvement and a focus solely on maximizing returns, rather than contributing to the local community’s well-being.
We’ve seen this in our own community. When homes are owned by local families, there’s a greater sense of community and investment in the neighborhood. Corporate ownership can erode this sense of community, as decisions are made by distant executives rather than local residents who care about the area.
The current regulatory landscape often favors corporate investors over individual homebuyers. Large companies have the resources and lobbying power to influence housing policies and regulations, which can further tilt the market in their favor. For example, tax breaks and other incentives can be more easily accessed by corporate entities, giving them an unfair advantage.
In Colorado, we’ve seen proposals aimed at regulating corporate ownership of single-family homes, but these efforts are often met with resistance from powerful corporate lobbies. This highlights the need for a more balanced approach that considers the interests of both corporate investors and individual homebuyers.
I recall a young family we worked with who were trying to buy their first home in Longmont. Despite their best efforts, they found themselves consistently outbid by corporate investors who were willing to pay cash and close quickly. This family eventually had to settle for a rental property, putting their dream of homeownership on hold.
Stories like this are becoming all too common, and they underscore the need for policies that protect the interests of individual homebuyers. By limiting the ability of corporate America to purchase residential real estate, we can help ensure that homes remain available for those who truly need them – families and individuals looking to build a life in their community.
In the end, while corporate America’s involvement in residential real estate may offer some efficiencies and financial benefits, it comes at a significant cost to housing affordability and community well-being. As realtors, we see the impact of corporate ownership on local families and communities every day. It’s crucial that we advocate for policies that balance the interests of all stakeholders, ensuring that homes remain accessible to those who need them most – the people who call these communities home.
Awesome – so before we get into the rest of our questions, can you briefly introduce yourself to our readers.
As the Team Leader of The Patrick Sean Everett Team, I am proud to share my journey, our services, and what sets us apart in the real estate industry, particularly in the Boulder, Longmont, and Denver areas of Colorado.
My Background and Entry into Real Estate
My passion for real estate began with a deep appreciation for the impact a home can have on a family’s life. Growing up, I witnessed how the right home could bring stability, comfort, and a sense of community. This personal experience drove me to pursue a career in real estate, where I could help others find their perfect homes.
Over time, I built a team of dedicated and experienced professionals who share my commitment to excellence and client satisfaction. Our team is part of eXp Realty, a forward-thinking real estate company that provides us with the tools and resources needed to serve our clients effectively.
Services and Products
The Patrick Sean Everett Team specializes in helping clients buy and sell homes in the Boulder, Longmont, and Denver areas. Here are some of the key services we offer:
– Buyer Evaluation and Representation: We guide buyers through every step of the home-buying process, from initial consultations to closing. Our extensive knowledge of the local market ensures that our clients find the right home at the right price.
– Listing and Marketing Services: For sellers, we provide comprehensive listing services, including professional photography, virtual tours, and targeted marketing strategies to maximize exposure and attract potential buyers.
– Offer Negotiation and Review: We negotiate offers on behalf of our clients, ensuring they get the best possible deal. Our expertise in contract review helps protect our clients’ interests and ensures a smooth transaction.
– Open Houses and Community Events: We host open houses and participate in local community events to connect with potential clients and provide valuable insights into the local real estate market.
Problems We Solve for Clients
One of the primary challenges our clients face is navigating the complex and often competitive real estate market. Here are some of the key problems we solve:
– Affordability and Availability: We help clients find homes that fit their budget and meet their needs, even in a market where corporate investors are increasingly active. Our local knowledge and network enable us to identify opportunities that might not be immediately apparent.
– Community Connection: Unlike corporate entities, we are deeply rooted in our community. We understand the local culture, schools, and amenities, which helps us match clients with homes that align with their lifestyle and preferences.
– Personalized Service: Every client is unique, and we tailor our services to meet their individual needs. Whether it’s finding a first
home, upgrading to a larger property, or downsizing, we provide personalized guidance and support throughout the process.
What Sets Us Apart
Several factors distinguish The Patrick Sean Everett Team from other real estate professionals:
-Local Expertise: Our team has extensive knowledge of the Boulder, Longmont, and Denver areas. We understand the local market trends, school districts, and community amenities, which allows us to provide valuable insights to our clients.
– Client-Centric Approach: We prioritize our clients’ needs above all else. Our goal is to build long-term relationships based on trust, transparency, and exceptional service.
– Experience and Success: With a track record of closing homes valued between $390,000 and $1.4 million, we have the experience and success to back up our claims. We work with 89% buyers and 11% sellers, indicating our strong focus on helping individuals and families find their homes1.
What I Am Most Proud Of
I am most proud of the positive impact we have on our clients’ lives. There’s nothing more rewarding than seeing a family move into their dream home or helping a seller achieve their financial goals. Our team’s commitment to excellence and client satisfaction is reflected in our high client satisfaction rates and repeat business.
What Potential Clients Should Know
For potential clients, here are the main things I want you to know about us:
– We Are Your Local Experts: We know the Boulder, Longmont, and Denver areas inside and out. Our local knowledge will help you make informed decisions about your real estate needs.
– We Are Client-Focused: Your needs are our top priority. We will work tirelessly to ensure you find the right home or sell your current property efficiently.
– We Are Community-Oriented: We believe in the importance of community and strive to make a positive impact on the areas we serve. Our involvement in local events and our commitment to supporting local initiatives reflect this.
– We Stand Against Corporate Dominance in Real Estate: We believe that homes should be owned by individuals and families, not corporate entities. This stance aligns with our mission to keep housing affordable and community-focused.
The Patrick Sean Everett Team is dedicated to providing exceptional real estate services that prioritize our clients’ needs and well-being. We are proud of our local roots, our client-centric approach, and our commitment to making a positive impact on our community. If you are looking for a trusted partner in your real estate journey, we are here to help.
Any advice for growing your clientele? What’s been most effective for you?
Without a doubt, the most effective strategy for growing our clientele at The Patrick Sean Everett Team has been referrals. Here are several reasons why referrals stand out as a key driver of our client growth:
Built-in Trust
Referrals come with a high level of trust already established. When satisfied clients recommend us to their friends, family, or colleagues, it carries significant weight. This trust is built on the positive experiences and outcomes we’ve delivered to our existing clients, making it easier to establish rapport with new prospects.
High Conversion Rates
Referrals have a higher conversion rate compared to other lead generation methods. According to the National Association of Realtors, 63% of sellers and 38% of buyers found their agent through referrals, and 89% of them were satisfied enough to recommend their agent to others. This indicates that referrals are not only a reliable source of leads but also highly likely to result in closed transactions.
Word of Mouth
Word of mouth is a powerful marketing tool. When clients are happy with our services, they are more likely to share their positive experiences with others. This organic marketing helps to expand our reach beyond our immediate network and builds our reputation within the community2.
Incentivizing Referrals
To encourage more referrals, we implement referral programs that offer incentives such as gift cards or discounts on future services. This motivates our satisfied clients to recommend us to others, further increasing the flow of referrals.
Long-Term Relationships
Referrals often lead to long-term relationships. By maintaining strong connections with our clients even after transactions are completed, we ensure that they remain loyal and continue to refer us to others. This approach not only grows our client base but also enhances our focus on property value over time
Can you tell us about a time you’ve had to pivot?
One of the most challenging and transformative periods in my career was during the COVID-19 pandemic. Prior to the pandemic, a significant portion of my business was focused on corporate meetings and events. However, as COVID-19 spread globally, the entire events industry came to a grinding halt. Overnight, I lost all my corporate meeting and event businesses. This sudden and unexpected turn of events forced me to reassess my career and business strategy. It was a pivotal moment that required swift action and a willingness to adapt.
Given the uncertainty and the severe impact on the events industry, I decided to pivot into real estate full-time. I had already been involved in real estate part-time, but this crisis presented an opportunity to dive in completely. The decision was not taken lightly, but it was driven by a combination of factors. First, my passion for real estate and helping people find their dream homes had always been strong. Second, the real estate market, although affected by the pandemic, showed more resilience compared to the events industry. Finally, I saw an opportunity to leverage my existing skills in customer service, negotiation, and project management to excel in real estate.
The transition was not without its challenges. I had to quickly ramp up my knowledge of the local real estate market, update my certifications, and build a new network of contacts. However, my background in events had provided me with valuable skills that translated well into real estate. For instance, my experience in managing complex logistics and timelines helped me navigate the often-complex process of buying and selling homes.
Pivoting into real estate full-time has been one of the best decisions I’ve made. It allowed me to continue serving my community in a meaningful way, even during a time of great uncertainty. Today, as the Team Leader of The Patrick Sean Everett Team, I am proud of the work we do in helping families and individuals find their homes.
This experience taught me the importance of adaptability and the value of leveraging existing skills in new contexts. It also reinforced my belief in the resilience of the human spirit and the ability to find opportunities in adversity.
www.PatrickSeanEverett.com
Contact Info:
- Website: https://www.PatrickSeanEverett.com
- Instagram: https://www.instagram.com/patrickseaneverett.realtor/
- Facebook: https://www.facebook.com/patrickseaneverett.realtor
- Youtube: https://www.youtube.com/@patrickseaneverett-Realtor
Image Credits
Kevin Shih