Latest / Chatting with The Experts with Paula Okonneh / Empowering Women in Real Estate
Transcript
- 0:00Hello, everyone.
- 0:00And welcome to another episode of Chatting with the Experts TV show with me, Paula
- 0:07Okonneh, where I speak with women, mainly from Africa, the Caribbean and
- 0:13the diaspora, wherever else they may be.
- 0:17And typically these women are professionals or business owners who
- 0:24have something to share with my audience, my listening audience, my viewing
- 0:29audience, and which at the end, the takeaway would be women or men, because
- 0:35we have had some men join us, would be inspired by what they heard, empowered,
- 0:40motivated, but best of all would go away different from when they joined the show.
- 0:48Today's episode is called a Chat With Your Builder, Best Friend, Joy Farley.
- 0:57And we ask that you join us as we delve into the empower, I can't speak today,
- 1:04empowering realm of women in real estate.
- 1:08And we've talked also about the transformative power of collaboration.
- 1:13We'll also explore how women are shaping the future of the end of
- 1:17industry by fostering innovation and by driving positive change.
- 1:27I'll tell you a little bit about Joy, Joy Farley.
- 1:29She's a real estate broker in Charlotte, North Carolina, and she specializes
- 1:34in new home constructions and sales.
- 1:38She's passionate for building both communities and people,
- 1:44and is affectionately known as the Friend Collector.
- 1:49But you know, I can only tell you so much about her.
- 1:52Why don't I do this?
- 1:53Why don't I welcome her to Chatting with the Experts so she can talk to you?
- 1:59More about what she does and why she's here on the show.
- 2:03So welcome Joy to chatting with the experts.
- 2:09Thank you Paula.
- 2:10I'm so excited to be here.
- 2:13Absolutely.
- 2:15I'm sure you heard some of what I said about you, but of course, I'll
- 2:20pay you later for the kind words.
- 2:23Kind but true words.
- 2:26I only hope.
- 2:26What did I leave out?
- 2:28Because you, I mean I've known you for so many years.
- 2:32And I've watched you grow and I've watched you become this
- 2:37beautiful, Christ filled young lady.
- 2:42And there's so much more to you than what I said.
- 2:45So continue the description, continue talking about you.
- 2:49I love it.
- 2:49Well, first of all, it's amazing how you can take relationships that you
- 2:53built or fostered years and years ago.
- 2:56I think when we were chatting before we started recording was,
- 3:00Oh my gosh, are you like 23 now?
- 3:02I'm like, Oh my gosh, I'll be 35 in October.
- 3:05So it's amazing how time really does fly by when you're loving
- 3:08what you do and who you do it for.
- 3:10And a little backstory, I guess, a little about me originally
- 3:13from Charlotte, North Carolina.
- 3:15So East coast USA.
- 3:18I have 6 siblings, which is insane.
- 3:21So 1 of 7, never a dull moment at our house.
- 3:24We're all involved in so many different things.
- 3:26My parents always said as long as legal will support you 150
- 3:29percent and they sure have.
- 3:31I have been in real estate here in Charlotte for almost 13 years right after
- 3:37college is what I kind of jumped into.
- 3:39And it's really amazing how the right things always find you.
- 3:43I majored in psychology at the University of North Carolina,
- 3:46Wilmington, you know, always thought that I was going to be Dr Farley 1 day.
- 3:50That was my passion, clinical psychology.
- 3:52And I got to my senior year, and I was like, this is
- 3:54really not what I want to do.
- 3:56I was crunching statistical analysis in the lab one day.
- 3:59It was a research assistant for 1 of my professors.
- 4:03And I was like, you know, like, I think I'm too fun for this.
- 4:07That was my original thought.
- 4:08Like, here I am crunching statistics in a lab coat.
- 4:12And I've always just loved people, you know, like, I always was that friend
- 4:17that he wanted to come to and tell all of their life stories and looking for
- 4:22advice and all those different things.
- 4:24And I was having like, this crisis of like, oh, my gosh, like, I thought that
- 4:28I was going to graduate, you know, get my PhD grad school, 10 more years of school.
- 4:35And I'm finding myself like having questions of like, I don't know if this
- 4:39is really what I want to do long term.
- 4:40Well, I went in a different direction, thought the job that I had lined
- 4:45up, you know, three weeks before I graduated was going to be like, you
- 4:48know, a hit and it falls through.
- 4:51Literally three weeks before I graduated from college, given
- 4:54I put myself through school.
- 4:55I just paid my student loans off recently, so I'm feeling free as a bird.
- 5:00Yay.
- 5:02And I knew in my heart of hearts that like something was going to
- 5:06work out for me and that it wasn't my job to like, push the door in.
- 5:11Well, I get a text message from a great family friend of ours.
- 5:16His name is Dan Horner.
- 5:17He was 1 of the owners of 1 of the biggest builders here in Charlotte
- 5:20called Through Homes and he texted me seemingly out of the blue.
- 5:25Right?
- 5:25I don't believe in accidents.
- 5:26I don't believe in just serendipity or coincidence, but
- 5:30I didn't even have Dan's number.
- 5:31So I get this text message on my phone that didn't even have, like, the Internet.
- 5:35You know, this is long before IPhones and online.
- 5:39Wow.
- 5:39And he said, hey, Joy, I picked your graduation party invitation off
- 5:42the kitchen counter and it dawned on me that our company is hiring.
- 5:46And I think there's a sales position.
- 5:47I think you'd be a great fit for my call me.
- 5:50And I kind of sat back and I was like, that my parents have never owned a home.
- 5:55I knew nothing about real estate.
- 5:57I knew nothing about construction.
- 5:58I knew nothing about sales.
- 6:00I'd never sold like a big pin to anybody, you know, so.
- 6:03And here you have the owner of this company reaching out to me saying,
- 6:08Hey I've been watching you for years and you put your personality with any
- 6:13product or service and it's just going to turn into something like magical.
- 6:17And it also reminds me sometimes, like, when people see things
- 6:21in you that you don't see in yourself to trust it the 1st time.
- 6:25And so I picked up the phone and I was like, Hey Dan, like,
- 6:27what's, you know, catch me up.
- 6:29All the things that I know that I'm totally unqualified for.
- 6:33That don't fit any of the descriptions of probably what you're looking for.
- 6:37And he's like, no, no, no, you have whatever that thing is called,
- 6:40it, that you cannot teach anybody.
- 6:41And You have it so I was naive graduating from college thinking
- 6:47that, hey, I graduated with honors and thought I'm so smart.
- 6:50And told him that I really didn't want just to be handed a job.
- 6:53And I wanted to go through the whole interview process, just like
- 6:55everybody else and looking back.
- 6:57I'm like, I wish I could have been like, well, who do I know?
- 7:00Not what do I know?
- 7:01The thing is, you learn over time, right?
- 7:03It's like, who do I know that I could.
- 7:04And I look back at that moment in my life and said, Hey, like, I'm
- 7:09so grateful, you know, in some senses that I stuck to my guns.
- 7:13I'd never been handed anything.
- 7:14I wanted to earn it and I wanted to be a great member of the team, but I
- 7:18also didn't want it to be just handed a job because I knew one of the owners.
- 7:22Right.
- 7:24And I sure did.
- 7:26I was like, okay, like.
- 7:28I've been one to take leaps of faith really my whole life.
- 7:32And I think looking back, I'm like, I can't believe I ever said yes, because
- 7:35I really was the most unqualified and didn't have any experience.
- 7:39But sometimes in those moments, like, you can learn anything.
- 7:41You can be taught anything.
- 7:42If you have an open mind to learn, then really the sky is the limit.
- 7:48And so that was really the start of how I got into real estate.
- 7:51It really was just my steps being ordered.
- 7:54And I feel like that has been the same favor that has chased
- 7:58me down my entire career.
- 8:00I've worked for other builders here in Charlotte.
- 8:03I'm on a new adventure now, kind of going off on my own in a new direction with a
- 8:08partner of mine to be able to serve people at a high level, but include everybody.
- 8:13Really new homes is my passion and maybe it's like the new
- 8:16car smell, the new house smell.
- 8:18I really just love the process more than anything.
- 8:22It's like, 1 day you're standing in dirt, you know, some huge neighborhood that
- 8:27just looks like a vast wasteland of mud.
- 8:31And then every conversation one day at a time, like you're starting to like
- 8:36meet new people and those empty home sites that were just dirt in your eyes
- 8:44or someone else driving by his eyes.
- 8:45I'm like, this is going to be the most precious place on earth to anybody.
- 8:49You know, they get to come here and make memories and, you
- 8:52know, start their families here and celebrate big events here.
- 8:56And there's nothing more special than home.
- 8:58And so being able to have done that over these years, I could drive through
- 9:02neighborhoods in Charlotte, and I'm like, oh, my gosh, there's a 1000.
- 9:06There's a 1000.
- 9:07Oh, my gosh, you're going to college.
- 9:08Like, how did that happen?
- 9:09So fast?
- 9:10And it really is just loving people, knowing your stuff and
- 9:14serving people at a high level.
- 9:16And that's really all real estate is.
- 9:18It's connecting great people with great things that they have told you that they
- 9:22and it has been a wild ride and there's so much goodness, I think, waiting for us up
- 9:29ahead to, so don't look for the big thing.
- 9:32I think the biggest thing for me has, it's not about the grand gestures and, oh, my
- 9:37gosh, I worked so hard to land an amazing career because I've had an amazing career.
- 9:43But it was a text message that changed the complete trajectory of my life.
- 9:47So for those that are like, Hey, you never know what might pop up.
- 9:51And sometimes it's not our job to kick the door in.
- 9:53It's for the right things to find you.
- 9:56But to show up as like your full self and to be who you are, that
- 9:59people take note of those things.
- 10:02And then you're like, Oh, maybe there's an opportunity or something that they see in
- 10:06you that maybe you didn't see in yourself.
- 10:08And it might just be the very thing that you need to really change your life.
- 10:12I love it, Joy.
- 10:13I love that because you are showing, you said something that's really significant.
- 10:18You said it showed me that text message and where you are today showed you that
- 10:24your steps are ordered by the Lord, because I know you're a Christian.
- 10:26So that's why I'm saying that your steps are indeed ordered by Him.
- 10:30And so now you, I mean, your plan was, as you said, to be Dr.
- 10:35Joy Farley,
- 10:38Dr.
- 10:38Farley,
- 10:39Dr.
- 10:39Farley.
- 10:40And here you are now, you're a very successful real estate broker in
- 10:45Charlotte, North Carolina, which is one of the fastest growing cities in the US.
- 10:51So, and I have watched you grow.
- 10:54But tell me, I mean, you talked about being 13 years in the business.
- 10:57What have you learned from those 13 years in the business, apart from,
- 11:01as you said the joy, and I'm playing on your word, intention, your name,
- 11:05intentionality, the joy of seeing like a dirt field become homes where lives
- 11:11are changed, lives are started, and you see them, as you said, seeing some
- 11:15of these kids going off into college, and you knew when they were toddlers or
- 11:19they weren't even born yet, and their parents bought that plot of land and
- 11:23built that home that you were a part of.
- 11:25So tell me what you've learned in the past 13 years.
- 11:31It's like when you put things into perspective of how fast time goes.
- 11:36You don't even sometimes realize it until you zoom out and you say, Oh my goodness,
- 11:41I can't believe how much I have changed.
- 11:46You know, I think you run into the right people and you have a lot of great
- 11:49experiences and you have some wins, you know, but you also look at how much you
- 11:55have grown and how much you have changed.
- 11:57If you would have asked me even a year ago, if I would be doing, you know, what
- 12:01I'm doing now, I would have laughed in your face, maybe even six months ago.
- 12:05You know, so much has changed in so many amazing ways, but I feel like.
- 12:10The biggest thing for me is the personal growth, the confidence that has come
- 12:15from managing multi, multi, multi million dollars of business in a year's time.
- 12:24If you could zoom out and say, oh, my goodness whether you own a business or
- 12:27you're in a business, maybe you're selling something for someone else's business.
- 12:30And you look at those big numbers.
- 12:33And you wonder how in the world did you do that?
- 12:35And I remember when I first got in this business, people were like, how's
- 12:38the market and how are things going?
- 12:40And I always was kind of like downplaying the fact like, oh, things
- 12:43are good when I was crushing it, you know, I've always kind of felt
- 12:47like one, I'm not a small person.
- 12:50I'm six one flat footed and I always usually have heels on.
- 12:53So, I really spent most of my life just kind of like, making
- 12:59everybody feel comfortable around me, you know, oh, you're so tall.
- 13:02Do you play basketball?
- 13:03Do you do this?
- 13:04Do you do that?
- 13:05I'm like, I just want to be myself.
- 13:06You know, I want to fully show up in that way, but I remember playing the small
- 13:11game of, oh, no, things are really good.
- 13:13Like, just like, can I keep it moving?
- 13:15Kind of like brush over the fact that, no, I was, you know, doing very well.
- 13:20And I was selling a ton of homes and I was serving a lot of people.
- 13:23I think I look at sales as service and it's never been a transactional like cool.
- 13:30Well, you just close off to the next thing.
- 13:32And, you know, I feel like in my experience, it's been not just sales,
- 13:38but it's been more project management.
- 13:40It's been able to handle a whole lot of things at the same time.
- 13:44So maybe I sold a home today, or maybe I sold two homes today.
- 13:47Well, that gets added to my backlog of people that I've already sold into
- 13:51managing, you know, the process from start to finish until you get your keys.
- 13:55It's like, Hey, you walk in my door.
- 13:56It's like, hi, my name is to, you know, it could be six to eight months.
- 14:00Or I mean, during the pandemic, it was even more than that
- 14:03dealing with, you know, one build.
- 14:06And then you multiply that by however many sales you might have.
- 14:09And so you're managing a lot of people.
- 14:11You're managing a lot of expectations and you're managing a lot of money.
- 14:14And when you realize that buying a home is everyone's biggest investment, I
- 14:17don't care if you're buying a house.
- 14:19That's 150, 000 dollars or 1.5 million dollars.
- 14:23It's still the most precious thing to you, because it's your
- 14:27largest purchase you'll ever make.
- 14:29And so I used to feel like 1, maybe I was too young, you know, that
- 14:34always came up because I got in this business that I think 2022 and so I
- 14:38was working with doctors and lawyers and, you know, C suite executives.
- 14:42They never asked me how old I was because they just trusted that like, I knew my
- 14:45stuff and I took care of them at a high level, you know, so maybe you're thinking,
- 14:50oh, my gosh, I'm too young or I'm too much or I'm not enough or whatever.
- 14:55But the right people always find...
- 14:57have always found me.
- 15:00The confidence that grows with experience and then being able to
- 15:05manage people's money expectations and using your expertise to do so.
- 15:10So I think my background in psychology has paid me well.
- 15:16I'll say that.
- 15:17Yes.
- 15:18Relating to people and dealing with you know, not just things that come
- 15:23up with your real estate transaction, but, you know, my clients over the
- 15:27years have really just become friends.
- 15:29People told me, "My entire career, Joy, you never were our salesperson.
- 15:33You just became our family friend".
- 15:35And that means something to me.
- 15:37We're very much so in a referral based business, where if you had a great
- 15:40experience and you're like, oh, my gosh, I would love to work with her.
- 15:44We had a great time and you know, it was never transactional.
- 15:47It's like, Hey, like, let me know when I can come to your baby shower
- 15:50or your housewarming or the cookout or whatever you got going on.
- 15:53We're just now friends.
- 15:54I just don't happen to have sold you your home.
- 15:57But it is amazing how personal growth and development really
- 16:01does change your career.
- 16:03Because not only have I been able to solve a lot of problems, you know, you
- 16:07realize that there's so many things that can and do go wrong in construction.
- 16:11That's just the name of the game.
- 16:14Whether things that are outside of control municipalities and permanent,
- 16:18you just could name a million things that could possibly go wrong and how you
- 16:22are not shaken by any of it because the confidence that you have is saying, hey,
- 16:27you might not build a home every day.
- 16:29Follow up, but what I do know is that I do, and I see this process play out time
- 16:34and time again, and it's going to be okay.
- 16:36Being able to assure and reassure people that not if things go wrong,
- 16:41but when they go wrong, that you will be the steady hand for them.
- 16:45And I used to give people an analogy, like, when we were putting their contracts
- 16:49together of, it's kind of like, going on a trip and flying in turbulence, you
- 16:55know, the pilot is not like bothered by the fact that you just hit a couple
- 16:59bumps, like this is normal part of flying.
- 17:02And so I think the reassurance that we hear when we are on flights that feel a
- 17:07little bit more shaky and unsettling is that the pilot comes over the intercom
- 17:11and it's like, hello, passengers.
- 17:13Hope you're having a lovely day.
- 17:15We're experiencing a little turbulence, so we're going to reduce our flying
- 17:18altitude to whatever, like, thanks for flying American or Delta or whoever
- 17:23your favorite airline is, right?
- 17:26And it gives you some reassurance that, like, I'm not going to die.
- 17:29This is normal part of flying and the reassurance that we're going to
- 17:33land safely at our final destination.
- 17:35And so being able to just, I've kind of grown up, like, I went from
- 17:39college straight into having like a very high pressure, high stakes,
- 17:44kind of career where a lot of my friends in their twenties pride,
- 17:48a whole bunch of things and, you know, decide they didn't like that.
- 17:51So they're going to pick up something new and decide they didn't like that.
- 17:53So they were going to go back to school or whatever.
- 17:56And I feel like I've had the same you know, trajectory of growth in the same
- 18:02industry, but the biggest thing for me is I've just loved people the entire time.
- 18:07And I think, again, when you know your stuff and you serve people
- 18:11at a high level, you'll never worry about being successful.
- 18:14And so I've kind of taken my hands off the wheel in a lot of instances recently.
- 18:20Of simply saying, you know, what, like, I'm confident in knowing
- 18:22that who I am and what I bring to the table is already enough.
- 18:26I have the credentials.
- 18:28I have the knowledge and expertise of this business that I just love serving
- 18:35people in the biggest transaction of their life and being able to
- 18:39walk with people where they are.
- 18:41And I realized time and time again, over these years that not everybody buys a
- 18:45home or sells a home for happy reasons.
- 18:48You know, I think we assume, Oh, I'm moving.
- 18:50Yay.
- 18:51I've had clients over the years who have lost spouses unexpectedly or
- 18:57are downsizing because they're now empty nesters and just like really
- 19:02touchy moments where you're like, maybe moving isn't always a happy
- 19:05joyous occasion for everybody.
- 19:07But to be able to walk through those moments in those seasons like hand
- 19:12in hand with people who realize that or who have told me oh my
- 19:16gosh Do I cannot believe that one?
- 19:18This is my life.
- 19:19I never expected for you know, my husband to pass unexpectedly and here I am having
- 19:23to sell and buy a new home by myself or the happy moments too of, Oh my gosh,
- 19:29like we're expecting, don't tell anybody.
- 19:31Like we haven't even told our parents, like you're telling
- 19:33me first, like what the heck?
- 19:35So it's been just kind of this ebb and flow of being able to just like walk
- 19:38it out with people as I've grown in you know, being able to handle conflict and,
- 19:43you know, controversy and you know, the highs and the lows of just this human
- 19:49existence that we find ourselves in.
- 19:51And so sometimes I'm, yeah, I can help you buy a house, but at the same time,
- 19:56it's like, I can also be your confidant and I can also be a friend and before,
- 20:00you know, it I don't really say strangers.
- 20:03Stay a stranger for and with many people.
- 20:05That's why everyone calls me the friend collector.
- 20:07I think I get it from my mom.
- 20:08And that's, you could probably attest to that 'cause you know, my mom.
- 20:12Yes, I do.
- 20:13You don't really say stranger.
- 20:14Very, I'm pretty sure my mom has sounded like her best friends in
- 20:17life, like standing in the line at the grocery store, like, you know,
- 20:20in the bathroom or wherever, you know, you might find for Linda.
- 20:25But it's being able to just stay curious and ask questions and get
- 20:29to know people on a genuine level.
- 20:30And, oh, by the way, like, you know, let's buy a house and have a time of fun.
- 20:34But talking about that, you know, buying a house, ask questions, and so on.
- 20:39A quick question I know everyone is probably wondering,
- 20:42so what's the trend now?
- 20:44Because, you know, we keep hearing about high interest rates, you know, to buy a
- 20:48home, it's hard for first time buyers.
- 20:52Yeah, let's talk about that.
- 20:54Because the crazy thing sometimes is we have seen, at least in Charlotte, because
- 21:02like you said earlier, Charlotte is the fastest growing market in the country.
- 21:06There was a huge study.
- 21:07I think last year that Zillow did on, you know, the most desirable
- 21:12places to live in the country and Charlotte was like, number one.
- 21:15I think COVID changed the landscape of why and where people move based on not being
- 21:23tied to a specific location or a desk with remote work which has been awesome.
- 21:29You know, if you could keep your California or New York, Maryland kind of
- 21:34salary and move to Charlotte and have a whole lot more life and flexibility, you
- 21:42know, in terms of your cost of living.
- 21:44But I feel like 1, of course, we are in an election year.
- 21:47So a lot of things feel very like, we'll see what happens after November.
- 21:53But we've seen interest rates consistently drop.
- 21:56And I think some people have been on the fence of saying, okay, we're going to
- 21:59wait for interest rates to drop and then we're going to, you know, make a move.
- 22:04But the thing that most people don't realize is that your
- 22:08rate is variable, right?
- 22:10You could be in a rate now and then interest rates drop
- 22:12and you can always reside.
- 22:14You never get to pick your sales price.
- 22:16And I think most people don't realize that.
- 22:18Okay, cool.
- 22:19I can have a sales price here and an interest rate here.
- 22:23And okay, well, interest rates dropped, and that's going
- 22:25to drop my monthly payment.
- 22:27But if I stay in this house, or if I wait to buy for 6 more months or
- 22:32another year, the price has gone up regardless of what the interest rate was.
- 22:36So, I've seen time and time again, I mean, this time last year.
- 22:41Some of my investor clients, their interest rates were like pushing 9%.
- 22:47And people were freaking out because when I first got in this
- 22:49business, you know, interest rates were like 3 percent or below.
- 22:53And that's what people just got used to.
- 22:55And that's what everybody was buying around.
- 22:56And then, you know, we saw during COVID how it started to kind of creep up
- 23:00and then, oh my gosh, for first time home buyers who have been purchasing
- 23:05homes over the past year or two to see.
- 23:07Interest rates in the fives and the sixes in the sevens for a
- 23:11primary home has been mind blowing.
- 23:14But then you talk to people who bought a home in the eighties or nineties
- 23:17and you're like, Oh, like, y'all are crying about, you know, five, 6
- 23:20percent interest rates when I bought my first home, you know, interest
- 23:23rates were like 17 percent or whatever.
- 23:26But I can't stress enough that.
- 23:28There are so many programs, there's money out there for 1st time home buyers,
- 23:33whether it's down payment assistance, you can get a gift, you can get gift funds.
- 23:37There's so many ways that you can put things together to make magic happen.
- 23:42And sometimes it's having someone who's like, hey, maybe I did things differently
- 23:48in this transaction that I did with this transaction or, hey, in the past, I've
- 23:51used this resource or that resource, or maybe you're working with a lender
- 23:55who has different programs or access to money that you can really utilize, or
- 24:00maybe you're selling a home and you've got more money to put down on something
- 24:05that completely changes the game.
- 24:07So I'm seeing that interest rates are coming down, which is giving buyers in the
- 24:11market, more confidence to move forward.
- 24:14Whereas real estate is a game of risk.
- 24:17We all know that, you know, just like the stock market, you could be like, cool.
- 24:20I bought stock in Apple or whatever Tesla stock or fill in the blank
- 24:26and made a ton of money because they were willing to like take the risk.
- 24:29And they also got the biggest rewards.
- 24:31Real estate, there's nothing different to be like, Hey, like, I got in a great
- 24:35neighborhood on the beginning and the equity that I was able to build by
- 24:39doing nothing other than like, riding the wave of the market, or maybe bought
- 24:43a new community where the builder is raising the price incrementally and
- 24:48you're like, okay, well, now my house is worth more than what I paid for it.
- 24:51And I didn't have to do anything other than hey, my monthly
- 24:53mortgage, get the equity.
- 24:56So there's a lot of ways you can play that, but I think right now the trend
- 25:02is, I think more and more people are jumping into the market because
- 25:06they know that if they wait, it will cost them more later to wait and
- 25:11if interest rates are coming down.
- 25:13And people are feeling more confident about, you know, where the world is going
- 25:18and there's new neighborhoods popping up around Charlotte every single day.
- 25:22So, maybe you're looking, you're targeting a specific location, or, you
- 25:25know, you want a specific type of home.
- 25:27We saw really since the pandemic, because the cost of land and
- 25:31development is so high in Charlotte that you're seeing more and more
- 25:36suburban townhomes coming into play.
- 25:39Where you used to see, you know, single family homes everywhere.
- 25:43Or that was kind of like, your only option and now you're seeing townhomes
- 25:48like, what are they calling it now?
- 25:50It's technically a duplex, but I think they've rebranded it and
- 25:53called it something else a duet.
- 25:56I think that's what they're calling it a duet.
- 25:58You know, it's like a luxury duplex, you know, you talk about, like,
- 26:03multifamily where it's like, hey, like, you might have one side, you
- 26:07know, the one home and, but they're connected kind of like, the town home.
- 26:12There's only two, you see them all in South park but they're calling them duets.
- 26:16And so maybe you're like, Hey, maybe I want to spend more, but I want a luxury
- 26:19situation that's not a single family home.
- 26:22You know?
- 26:22So I think the buyer right now who are buying homes are millennials,
- 26:27Gen Z, you know, everyone's kind of getting to the place.
- 26:29They're like, Hey, I'm in my late twenties, thirties, whatever.
- 26:32They want to buy something, but maybe they don't want the upkeep and maintenance of
- 26:36a single family home, you know, they want you to upkeep salon and, you know, have
- 26:41the HOA cover everything on the exterior.
- 26:43So they can just come home and live life versus maintaining some big
- 26:47house, they don't need, you know, space wise, but they also don't
- 26:50want to be upkeep and maintenance.
- 26:51So, it really just depends on what are your preferences?
- 26:54How do you want your lifestyle to look?
- 26:56Maybe you love doing lawn work and landscaping and gardening.
- 27:00Maybe that's your jam, but maybe you're like, have a high pressure job
- 27:03and don't have time to be spending all of your time on the weekend to,
- 27:07you know, dedicating do those things.
- 27:10And so it really just depends on, Hey, what speaks to you?
- 27:14What are the things that you want?
- 27:15What are the things you don't want?
- 27:16What are your non negotiables?
- 27:18And then having a professional who can say, hey, based on X, Y, Z, and
- 27:22Q, and where you are financially where you want to be location wise.
- 27:27And the whole financing, you know, piece of the puzzle and
- 27:30bringing those things together.
- 27:32Also gives people the confidence to say, hey, I've been here.
- 27:34I've seen this.
- 27:35And if anything that we've learned from the pandemic that there's been nothing
- 27:39but interest rates and pricing going in the wrong direction at the same time.
- 27:44So now that we're kind of seeing.
- 27:47You know, a little bit of little cool off when it comes to the interest rate,
- 27:51then I think he's like, okay, well, if the interest rate comes down, my
- 27:54buying power goes up and I'm able to buy more home, you know, for grace.
- 28:02So that brings it to a question, because can you believe it?
- 28:05We've been talking for over almost 30 minutes.
- 28:08Stop it.
- 28:09When we're having fun.
- 28:10So, if there were like two resources that you could share with my listeners,
- 28:14let's say you're a first time buyer or you're a first time seller, just give
- 28:21us a resource for a first time buyer that you can help because you said
- 28:24there are many options that we can use.
- 28:26'Cause I was one of those who was the first time by
- 28:29after my husband passed away.
- 28:30The first time I was like, wow, I got to buy a house by myself.
- 28:33What do I do?
- 28:36That's it.
- 28:37Yeah.
- 28:37So first time buyer and the first time seller too, because then it was also,
- 28:41and I have to sell a house by myself.
- 28:43Right.
- 28:46Resources.
- 28:47I always say like, there's a quote out.
- 28:49I think it might've come from, it might be Tony Robbins, but he says our
- 28:53greatest resource is resourcefulness.
- 28:56And I think part of that is using who's already in your circle,
- 29:01you know, to lean on the trusted people that you have in your life.
- 29:05You're like, oh, my gosh, like, I had a great experience with so.
- 29:08And you know, I could definitely give you a warm introduction or a handoff or
- 29:13a message or a group text or something saying, hey, like, my friends looking
- 29:18to buy or sell and you're my go to person because I've had experience with
- 29:22you and I know what I'm going to get.
- 29:24Right?
- 29:24So I think some people are just trying to reinvent the wheel by like, oh,
- 29:27my gosh, I don't know where to start.
- 29:29It's like, well, who do you know when you're in your circle or maybe
- 29:32in your neighborhood or a friend of a friend that's in this business who
- 29:37you can lean on and say, Hey I've got a friend looking for X, Y, and Z.
- 29:40Like, who do you know?
- 29:42That's been the greatest resource for me on the other side of when my son
- 29:47rings and someone's like, Hey, I got your number from, you know, so and so.
- 29:51And You know, they said they had a great experience and would love
- 29:55to set up an appointment where we can, you know, talk more.
- 29:58I think buyers in this day and age have so many more resources
- 30:03available to you by simply having things like, Oh, the internet,
- 30:09you've got, you know, the realtor.
- 30:11com.
- 30:12You could literally Google anything.
- 30:14You could put keywords into Google and say, Hey, I'm looking for a new home
- 30:18in this area, maybe this zip code.
- 30:20And bam, you've got like the world at your fingertips.
- 30:25I think people don't realize the power of social media.
- 30:28I know, like I'm a millennial and everyone's kind of like, Oh, social media.
- 30:31Like people aren't, people aren't finding good resources online.
- 30:35It's amazing either the things that you can learn, the things that can
- 30:39inspire you, the things that can help you grow and also friends, business
- 30:44connections, life hacks, you name it.
- 30:47You can find on Instagram, TikTok, LinkedIn.
- 30:50It's just incredible.
- 30:52The resources that most buyers and sellers now have in the market and simply, I think
- 30:58more than anything, it is finding that person that can kind of guide you through
- 31:02the process and then be like, okay, well, maybe I can do some research on my own.
- 31:06And it's almost like, when I used to work with buyers who would come to my office.
- 31:12I would already have assumed that they have looked at our website that
- 31:16they have looked at certain floor plans that they had already done
- 31:20their research, because that's just how the world's working right now.
- 31:23And by the time you walk in my door, we're just confirming that, you know, what you
- 31:28saw online is what feels right in person.
- 31:32Just like, if you're going to go buy a car or any kind of big purchase,
- 31:35okay, I'm going to go do my research.
- 31:36I'm going to look at the dealership.
- 31:37I'm going to, you know, see if they have the style, the color, the right leather.
- 31:42Do you have the, you know, these type of wheels?
- 31:45And then if I actually show up at the dealership and want to go test
- 31:47drive it, then it's an easy yes.
- 31:50Right?
- 31:50Because I've already taken some of the ownership on me.
- 31:54That here's what I want.
- 31:55Here's I want to pay.
- 31:56Here's kind of where I want to stay at around comfortably.
- 32:00And then by the time I walk into your office, it probably
- 32:02is just confirming those things.
- 32:05Well, when buying a home, I don't really assume anything other than
- 32:09that these days, because buyers and someone have so many resources at their
- 32:14fingertips where, you know, back in the day, it was like, I had to have an
- 32:19agent to kind of tell you everything because you didn't have the access.
- 32:24It was like, well, if you weren't a part of the multiple listing service,
- 32:26you didn't know what was on the market versus doing a little clickety
- 32:30clackety on your own and feeling empowered as the buyer, you know,
- 32:36specifically I will work with buyers.
- 32:38That's kind of my jam, but I just assume that your buyers know what they want.
- 32:42They know where they need to be affordability wise...
- 32:44I would put my hand up and say that there are people who I know who are
- 32:49afraid to do all these things that you're talking about because they're older,
- 32:54they're afraid of technology, and the word social media is like a bad word.
- 32:59Yeah.
- 33:01So what would you say to people who are like that?
- 33:04I feel like it's never too late to start something new.
- 33:07I talk to my mom sometimes, she's like, I'm not retired, I'm re-fired.
- 33:12Where...
- 33:13Say that again?
- 33:14She said, I'm tired.
- 33:15I'm re-fired.
- 33:17Oh ok.
- 33:17I'm about learning something new.
- 33:19Put me in situations where maybe I do something different than I used to do.
- 33:24And I feel like, yes, it could be overwhelming to some, but I
- 33:29feel like if you have an open mind to learn something new.
- 33:33I hope to be a lifelong learner.
- 33:36I hope that I never know it all or I'm the smartest person in the room.
- 33:40Like there's so many ways to know and to grow in any area.
- 33:44You can pick anything, but maybe you're interested in.
- 33:48You know, gardening or you're interested in learning a new skill,
- 33:53like the vastness of social media can teach you those things for free.
- 34:00When you used to have to like go to a conference and pay a bunch of money
- 34:04to learn something and you know, have to pay an expert how to, you
- 34:09know, go from A to Z in something new, you can watch YouTube for free.
- 34:15You can, you know, lean into any new experience at the click of a button.
- 34:21And I would say if you're that person who's like, Oh my gosh,
- 34:24social media is really overwhelming.
- 34:25I don't, you know, where to start.
- 34:26I would say, lean on your resources of who's in your circle.
- 34:29And maybe it's just finding the right person who would say, Hey, Paula, don't
- 34:33even worry about any of that stuff.
- 34:35That if that's going to be overwhelming to you, let me handle that.
- 34:38'Cause that is where I thrive, you know, so leaning on the
- 34:41people that are the expert that know what they're talking about.
- 34:44They know the areas they know those kinds of things to say, hey, like,
- 34:48if that's not your area of expertise, then that's what I do every single day.
- 34:54Lean on me or lean on someone, you know, someone that you trust, obviously
- 34:59it's a big purchase and it's a big commitment, but it's like lean on your
- 35:03resources to know what you're looking for, can listen intently and show you
- 35:09the things that fit your criteria.
- 35:12I feel like that's one of the biggest frustrations for some buyers
- 35:15and sellers is that like my agent didn't like give me my whole scope
- 35:21of what I could do and or didn't show me the things that I asked for.
- 35:26So, if you're like, hey, I want to have a bedroom downstairs or I
- 35:29want to have a patio or I want...
- 35:31you know, you're not going to get obviously everything, you know, buying a
- 35:34home sometimes is a series of trade offs.
- 35:36Unless you're building something and then it's like, okay, you might
- 35:38have a little bit more flexibility, but to have someone who can listen.
- 35:43And say, okay, based on the things that you shared with me, I vote,
- 35:46we look at this, this and this, and then make it a fun experience,
- 35:50you know, with any big purchase.
- 35:53You're like, I want to have an experience.
- 35:54I don't want to buy something.
- 35:56I want to like you know, really be shown things that I asked for that are going
- 35:59to be something that I could purchase and then having someone who can guide you.
- 36:04You know, along the way to make it a really smooth transition.
- 36:07I love that.
- 36:08So to summarize,
- 36:11whatever you are in that journey, if you're well...
- 36:14let me backtrack, if you're not comfortable with the online resources,
- 36:21look into your own circle of influence, look for someone who you feel you can
- 36:27rely on, and maybe they can help guide you to the person that will help you.
- 36:32Because buying a home, as you said at the beginning, is a very big responsibility.
- 36:37Yeah.
- 36:37Big investment.
- 36:39And, if nothing else, after listening to this program, falln Joy, because
- 36:45as she said, she's a friend collector.
- 36:47She's more than a real estate broker.
- 36:50She can help walk you and through this very, very important
- 36:54process and guide you, right?
- 36:58Sounds like a plan to me.
- 37:00Where can people find you online?
- 37:02I mean, I've told them that they, after listening to this, they
- 37:05could get in touch with you.
- 37:06How would they get in touch with you, Joy?
- 37:07I'm actually really easy to find online.
- 37:09I'm sure on all of the social handles, it's Jump for Pure Joy.
- 37:15On Instagram and TikTok, you can find me on LinkedIn.
- 37:19So I love good professional connections and sometimes it's the professional
- 37:23connections that you have to say, hey, you know, maybe you have a high power
- 37:29job and you don't have the time to go be doing a whole bunch of running around
- 37:32and research and, you know, whatever.
- 37:34To find someone who's like, hey, who's in your city, who's in your area, who
- 37:39you're like, hey, I feel like we're kind of, in similar spaces in life.
- 37:44Like, let me reach out to somebody who might have the time component where
- 37:49you might be busy doing other things that someone else can be doing all
- 37:52of the behind the scenes research.
- 37:54And so when you do have a moment in time where you're like,
- 37:57cool, let's go look at it.
- 37:58And all the research and behind the scenes have already been handled, which takes
- 38:02off of your plate which is fantastic.
- 38:04You're on my plate off my plate.
- 38:06I learned that in my 1st job out of college.
- 38:08We had an ethos of like, Hey, on my plate off my plate.
- 38:12How can I get the things that are on my plate off my plate the fastest
- 38:15and the most efficiently with the highest level of excellence.
- 38:19It helps you keep your mental real clear too.
- 38:22Like if it's on my plate, what do I need to do to get it off?
- 38:25Love it.
- 38:25And then I would say secondarily to that you also have so LinkedIn, Instagram,
- 38:32those are both Oh, LinkedIn is just Joy Farley and then Instagram, TikTok our
- 38:39Jump for Pure Joy and also on Facebook.
- 38:42So, however, wherever, wherever you like to hang out, I probably spend the
- 38:46most time on Instagram have the biggest kind of community there, but I feel like
- 38:52that's just how you can make friends these days to by simply being open.
- 38:56And I think, you know, you can collect friends, however you want.
- 38:59I'm not the original friend collector, that's for sure.
- 39:02But sometimes if you're out and about and you just connect with people
- 39:05and you're like, Hey, like what's your Instagram or are you on TikTok?
- 39:07Are you on, you know, Facebook, Instagram right now is kind of the place where
- 39:12most people are hanging out, but depending on where you enjoy hanging
- 39:15out, maybe you're more of a Facebook kind of person or LinkedIn but you
- 39:18can find me on all of the different platforms and always looking to connect.
- 39:23Lovely, lovely, lovely.
- 39:25And for those of you, first and foremost, who didn't enjoy this?
- 39:29This was so educational.
- 39:32Wow.
- 39:33And so, to my listeners and viewers, if you would love to watch another
- 39:38program or to connect with me to be a guest on the show, please reach
- 39:42out to me on either on my website, which is chattingwiththeexperts.com.
- 39:48You can find me on LinkedIn.
- 39:50I hang out a lot on LinkedIn.
- 39:52Just look for Paula Okonneh there.
- 39:54I'm also on Instagram.
- 39:56My handle there is at chat_experts_podcast.
- 40:01I also have a personal Instagram, which is just at Paula Okonneh,
- 40:06or you can reach me on Facebook.
- 40:08Again, Paula Okonneh there.
- 40:11Joy, thank you so much for everything.
- 40:16I have taken some notes.
- 40:17I'm not planning on buying a new house now, but I know lots of our audience,
- 40:22lots of our guests, lots of our viewers would have learned so much that
- 40:27they're going to be hitting you up.
- 40:28So, Facebook, LinkedIn, and I think, oh
- 40:32TikTok, Instagram, it's just Jump For Pure Joy, or you can just type in Joy
- 40:37Farley and it'll pop up one of the way, one of one way or the other, easy to find.
- 40:43I love it.
- 40:43Thank you again for being a guest on Chatting With The Experts.
- 40:47Thanks for having me on.
- 40:48Thank you.