The owners of The Oppenheim Group are known for their appearances as peacemakers and romantic interests for the employees of the show Selling Sunset.
A ruthless brokerage that handles hundreds of millions of dollars worth of properties each year and has estimated total sales of almost $2 billion since starting operations in 2014, lies underneath.
Despite hailing from a legacy of real estate that dates back to their great-great-grandfather, who sold ranches in the 1800s, The Oppenheim Group started in his spare bedroom with one intern. They moved to Sunset Boulevard in Los Angeles and now have another office in Newport Beach.
He said that the smaller model allowed it to build partnerships with agents and maintain quality with only a handful of employees, which they argued protected them more from economic downturns than a typical large-scale company.
A lot of the major brokerages will go bankrupt if there is a recession.
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They always look for hidden value in a listing. They argue that it is a strategy that scales down to first-time buyers who are increasingly priced out of a highly competitive market.
First-time buyers should find a good agent in the area where they want to own a home, and then focus on the details of the property, according to Jason.
Residential real estate is emotional and can be found in square footage, lot sizes and location.
You can turn a $300,000 home into a $300,000 home with the right framing.
The presentation of a home, taking photos of your home on an Apple device, and failing to tidy up were all red flags that the brothers said could devalue a home for a seller.
I would try to pretend that the place is unfurnished, and look at the views, floor plan, size, location, and not be tricked by staging and paint.
They said they buy poorly presented properties because they have the biggest potential to appreciate in value.
If a buyer is willing to sit on a house for at least 10 years, these issues are irrelevant.
It is almost impossible to lose money in real estate if you hold it for 10 years.
If you are forced to sell in a downturn, you will get hurt in real estate.
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The potential for that downturn has divided analysts, as annual price growth exceeds 15%, much higher than in the build-up to the crash of 2008. It's likely that the two of them fall on the bullish side.
The last bubble was caused by too many buyers being accepted for a mortgage, which is not the case now. The lack of supply of homes is a major difference compared to the time of the housing crash.
The market will continue to be stable because of record equity and low supply.
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