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Introduction:
Welcome to The Boost, hosted by Leon and Pablo, where we spotlight dynamic businesses and entrepreneurs in San Antonio. In this episode, we're thrilled to have Jay Rebaldo back for a second time! Jay, a successful realtor and entrepreneur, was previously featured in one of our most popular episodes. Today, we dive deep into the shifting real estate landscape, explore the new rules impacting real estate agents, and talk about Jay's inspiring entrepreneurial journey.
Hosts:
Pablo Calvo: LinkedIn
Guest:
Jay Rebaldo: Facebook
Find Us:
YouTube: https://www.youtube.com/@TheBoostChannel
Website: https://theboost.fm
Key Topics Covered:
National Association of Realtors (NAR) Rule Changes:
- Jay explains the August 2024 changes, which impact how real estate agents and buyers negotiate agent compensation. Previously, agents were compensated by the seller, but now compensation must be negotiated directly between the buyer and the buyer’s agent. Jay shares how this shift brings greater transparency and accountability to the real estate market.
San Antonio Real Estate Trends:
- Jay dives into current market data, including the average days a home stays on the market (65 days), negotiation trends, and how sellers are adjusting list prices to keep their homes competitive. He also touches on how the market has evolved since the pandemic boom of 2021-2022.
Impact of Interest Rates on Buyer Behavior:
- With recent interest rate cuts, Jay breaks down how these changes are slowly increasing market activity and affecting both buyers and sellers. He provides insights on how interest rate trends could shape the market in the coming months.
The Economics of Home Buying:
- Jay shares the ripple effect that home purchases have on the economy, from home furnishings to car sales, explaining how a strong real estate market contributes to overall economic growth in San Antonio.
Jay’s Personal Journey from Corporate to Entrepreneurial Success:
- Jay shares his transition from the corporate world to real estate, attributing his success to strong faith, family values, and dedication to doing the hard work behind the scenes. His story is a testament to how staying focused on your "why" can lead to success even during challenging times.
Advice for Aspiring Entrepreneurs:
- For those looking to take the leap into entrepreneurship, Jay offers invaluable advice: leave your ego behind, focus on serving others, and don’t be afraid of hard work. He stresses that success comes from staying authentic and true to your values.
Summary:
In this insightful episode, Jay Rebaldo, a realtor with a year and a half of experience in the San Antonio market, discusses the recent changes to the National Association of Realtors (NAR) rules, how interest rates are influencing buyer and seller behaviors, and how the market is transitioning from a seller’s market to a buyer’s market. Jay also shares his personal story of leaving the corporate world to start his own business, reflecting on the importance of balancing faith, family, and business.
26 episodes
