COVID-19 altered so many aspects of our lives. The pandemic accelerated some structural changes and radicalized investor thinking in the real niche. One of the changes that emerged involved investors seeking to secure cash flows while at the same time developing and repositioning assets in response to the imbalance in supply and demand.
There’s much going on in the market, with little uncertainty about the future. We had a chat with Chris. D. Bentley to learn more about how the covid and post-covid market changes affect real estate.
About Chris.D. Bentley
Chris D. Bentley is one of Dallas’ most aggressive real estate magnates in the making. He is an award-winning real estate broker and the owner of Bentley Fine Properties. Chris has been in real estate for over 18 years now. He is a 7x Multi-Million Dollar Producer and 4x Published Author and was voted #13 of the Top 20 Dallas Realtors on Social Media in 2018 and 2019.
Chris was voted D Magazine’s best realtor in 2017, 2018, 2019, and 2021. He has 150+ Videos on YouTube and has appeared in 19+ podcast guest Interviews. Chris is also a Certified Luxury Home Marketing Specialist (CLHMS).
Chris identified entrepreneurship as the course of his life from an early age. He recalls how he would do odd jobs when he was a teenager, like washing cars or shoveling snow where he grew up on the East Coast. Chris hated the idea of having a boss and wanted to be his own boss.
Chris admits that, like most entrepreneurs, he failed many times and went bankrupt. But he didn’t let it stop him from figuring it out.
Covid & Post Covid Real Estate market changes
Chris notes that the ups and downs in the economy are tied to the real estate market’s performance. Secondly, recent events like the Ukraine and Russia crisis bring an aspect of uncertainty as to how the market will perform.
Overall, the pandemic accelerated the demand for housing. In some places, houses were flying off the shelf, and Chris recalls that he would get 20 to 40 offers within the first 48 hours.
Chris notes that things are beginning to wind down now. Some prices are beginning to lower slightly in certain markets, such as Peoria, Illinois, Columbus in Georgia, and Laurel, Maryland. In other areas like Dallas-Fort Worth, premium buyers buy houses for more than 43.8% of their worth.
The pandemic also forced the world to accept working from home as a better, more flexible approach to work. This trend inspired people to seek homes outside of urban areas. Investors also get the opportunity to invest in landlord-friendly states with no property tax.
The pandemic altered the real estate market by presenting new opportunities. Housing demand shot up, and at the same time, people developed a preference for homes outside of urban areas. There’s still a lot of opportunity in the real estate market. Those curious to learn more can connect with Chris D. Bentley via: