Things To Know Being An AirBnb Investor In San Antonio – Janet Wingrove
On this episode of The Closing Table, we sat down with Janet Wingrove!
To watch the full episode, check it out on YouTube below. In the meantime, here’s a summary of the conversation…
Here’s what you missed from Janet Wingrove…
Janet, a seasoned real estate professional with 17 years of experience in San Antonio, emerges not just as a top agent but as a multifaceted individual. Beyond the realm of real estate, Janet is a dedicated mother-turned-full-time realtor, and her passion extends to fitness, particularly CrossFit.
Janet’s journey in real estate has been marked by success and recognition. As part of the Platinum Top 50 organization, she has received accolades for her production. Real estate is not just a profession for Janet; it is her bread and butter, a testament to her commitment to the industry.
In the heart of Texas, San Antonio is renowned for historical landmarks like the Alamo and the vibrant Spurs culture. Janet’s expertise spans this geographically diverse city, where outdoor enthusiasts thrive year-round, despite occasional water restrictions due to summer droughts. From family-friendly activities to historical downtown charm, San Antonio has it all.
The real estate landscape in San Antonio has evolved significantly, with average home prices now soaring beyond $360,000. Despite COVID-induced price hikes, the market is expected to stabilize, but economic factors have led to an increased average time on the market, hovering around 60-70 days. Janet delves into market trends, shedding light on the impact of COVID on home prices. With an average of $360K, the market is experiencing appreciation, albeit at a more sustainable pace. The days on the market have extended due to economic factors, reflecting the nuanced nature of the real estate landscape.
Janet strategically navigates the advantageous winter months, capitalizing on the scarcity of inventory and the presence of serious buyers. She highlights the unique benefits, such as tax advantages, that prompt buyers to close deals before the year-end.
Drawing from her experience on American Dream TV South Texas, Janet discusses the flourishing Airbnb market in San Antonio. Regulations exist, but the allure of short-term rentals near downtown, with rates exceeding $100 a night, remains strong.
Next, Janet unveils effective negotiation strategies in a market where interest rates are high. By encouraging sellers to contribute to closing costs and buy down interest rates, she ensures buyers capitalize on valuable incentives, debunking fears related to interest rates.
Navigating the luxury real estate market, Janet shares her insights on pricing challenges. Collaborating with appraisers becomes pivotal to justify higher prices for properties with unique features. She emphasizes the delicate balance of not over-upgrading, a lesson learned from her significant sales accomplishment.
Janet’s notable accomplishment lies in a property sale with extensive renovations, solar panels, and a pool, overcoming skeptics who believed it couldn’t fetch over a million dollars. Working closely with an appraiser, she added value for her clients and broke pricing barriers in an area with no comparable sales.
In her parting words, Janet extends advice to be fully committed and treat real estate as a dedicated profession. Focusing on one thing, as emphasized in the book “The One Thing” by Gary Keller, is crucial for success, reminding them that success may take time but is attainable.
Check out Janet Wingrove:
Facebook: https://www.facebook.com/jwrealestateteam
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