In this episode, we delve into the dynamic world of real estate with the remarkable mother-daughter duo, Jeaneen and Amber Pruitt of the Jeaneen Pruitt Team.
Jeaneen, with over two decades of experience, is the team's proud owner, and Amber, an accomplished real estate agent, brings her unique insights to the table. This dynamic duo provides five-star service to the Midland-Odessa area, placing a high emphasis on personalized customer service and forming lasting relationships with their clients.
In this episode, they share their deep understanding of the local real estate market. The market experienced a buyer strike in the fourth quarter, leading to a decrease in sales and a stable inventory. Currently, there are 431 active listings in Midland, Texas, resulting in 3.1 months of inventory. However, buyers are gradually returning, intensifying competition.
They discuss the pros and cons of living in Midland, highlighting the welcoming community and opportunities for high-paying jobs, while also acknowledging challenges like service quality and unpredictable weather.
Amber and Jeaneen also open up about their experience working together as a mother-daughter team, valuing their shared history, effective communication, and maintaining professionalism even amidst personal disagreements.
They provide an insightful look at the daily life of a real estate agent, highlighting the importance of flexibility, adaptability, prompt client communication, and the reality that success in real estate requires more than attending events and maintaining a public image.
They touch upon industry statistics, mentioning that while the median home prices in Midland are around $374,000, the average sales price for their team is $423,000. They also note that while the top 20% of agents do most of the business, the average agent sells only four to five homes per year.
For new agents, they recommend finding good mentors, learning the basics, and understanding that building relationships, serving clients, and honing negotiation skills are critical for long-term success.
In an era of social media and instant gratification, they highlight the importance of standing out by providing real expertise and value. They believe that indicators of an agent's success go beyond social media followers, focusing more on the scale of homes sold, bank account, and volume of sales.
Looking ahead, they share their goals for continued growth, providing a higher level of service, and staying up-to-date with changing consumer needs. They intend to maintain their team's high level of expertise and might consider adding a few agents in the future, always prioritizing quality over volume.
This episode is packed with valuable insights, whether you're considering a career in real estate or looking to buy or sell a home in Midland. Tune in for an enlightening conversation about the real estate market and the journey of the Jeaneen Pruitt Team.
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