In this episode of the Relatable Oklahoma Realtors Podcast, hosts Stacy and Burl Stricker discuss a range of topics related to the real estate market. They begin by emphasizing the importance of answering calls in a timely manner and sharing personal experiences with realtors who didn't prioritize communication. The hosts also highlight the current market conditions, noting the low inventory in Western Oklahoma and the need for more listings in the area. They caution against overpricing and explain how interest rates affect affordability. The hosts stress the great time to sell, especially for those planning to stay in their current location long-term. Moving on, they discuss the importance of considering maintenance costs when buying a home and the impact neglecting maintenance can have on the home's value. They share personal experiences and highlight the costs of maintaining vacant properties.
The hosts emphasize the need for homeowners with vacant properties to seek assistance in managing and selling them. They underscore the importance of finding win-win situations and taking action rather than letting a house deteriorate. The hosts then shift the discussion to selling houses quickly and share their success with online auctions. They discuss the significant number of vacant houses in their area and the opportunity it presents for new agents to market to potential listings. They stress the importance of standing out in marketing and being consistent in social media efforts. Continuing the conversation, they talk about the challenges of overanalyzing oneself and the importance of focusing on content when making videos. They discuss their various experiences with different social media platforms, including the uncertainty of the long-term plan and value of LinkedIn.
They also mention the decline of TikTok and the changes in Twitter. Next, the hosts discuss their recent house flip project and the impact of TikTok videos in attracting buyers. They reflect on the importance of proper planning and budgeting for future projects. They mention their upcoming purchase of a new house, which will require additional renovations. They emphasize the need to be strategic in sourcing materials and control expenses. The hosts share their goals of improving the community and providing affordable housing options. In the final segment, the hosts discuss their transparency in sharing their goals and their desire to help people in real estate transactions. They share stories of successful deals and the satisfaction they feel in making a positive impact on someone's life. They tease a future project and encourage listeners to follow their social media accounts for more content. The hosts express gratitude for their listeners and invite them to like, review, and share the podcast. They also extend an invitation for anyone interested in being a guest on the podcast.
00:00:07 Introduction to the Oklahoma Relatable Realtors Podcast
00:02:09 Dealing with Spam Calls and Return Policy
00:06:02 The Benefits of Building Equity in a Home
00:09:56 The Challenges of Owning Vacant Homes
00:15:33 Exploring potential in empty properties for a follow-up podcast
00:17:31 Importance of consistency and persistence in marketing strategies
00:19:33 Overcoming perfectionism and paralysis in content creation
00:20:49 Building Relationships in the Real Estate Business
00:23:24 The Struggle and Value of LinkedIn
00:27:26 The Value of TikTok in Social Media Business 00:31:46 The Numbers: Selling Price and Budget Overages 00:33:12 Closing on a new house with additional renovations 00:35:09 Setting price point and considering adding another bathroom