{"id":3758950,"date":"2020-04-06T14:57:07","date_gmt":"2020-04-06T18:57:07","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3758950"},"modified":"2020-04-07T20:25:26","modified_gmt":"2020-04-08T00:25:26","slug":"webinar-one-sothebys-international-realty-daniel-de-la-vega-real-estate-in-age-covid-19","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/webinar-one-sothebys-international-realty-daniel-de-la-vega-real-estate-in-age-covid-19\/","title":{"rendered":"Webinar: ONE Sotheby&#8217;s International Realty&#8217;s Daniel De La Vega On Real Estate Industry In The Age Of COVID-19"},"content":{"rendered":"<p class=\"p1\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><span class=\"s1\">The <i>Haute Residence<\/i> live webinar sessions \u201c<b>Haute Leaders Game Changers<\/b>\u201d began today, with <i>Haute Living<\/i>\u2019s <b>Kamal<\/b> <b>Hotchandani<\/b> and <b>Seth<\/b> <b>Semilof<\/b> interviewing <b>Daniel<\/b> <b>de<\/b> <b>la<\/b> <b>Vega<\/b>, President of ONE Sotheby\u2019s International Realty on Zoom, reaching hundreds of listeners from coast to coast. De la Vega is in charge of\u00a0ONE Sotheby\u2019s locations in Miami-Dade, Broward, Palm Beach, Martin, Brevard, and Indian River counties in Florida, with 17 offices <\/span><span class=\"s2\">and <\/span><span class=\"s1\">over 850 associates that generate annual sales in excess of $2.5 billion.<\/span><\/span><\/p>\n<p class=\"p2\" style=\"text-align: justify;\"><span class=\"s1\" style=\"color: #000000;\">Hotchandani and Semilof welcomed and thanked de la Vega for being the first of what will be a continuous string of insightful interviews with real estate industry leaders on the current market.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\" style=\"color: #000000;\">\u201cYou have been my friends for many years. I\u2019m honored to be the first guest in this <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/register-real-estate-during-quarantine-webinars-by-haute-residence\/\"><span class=\"s2\">series<\/span><\/a> <\/span>that you are doing with great speakers,\u201d said de la Vega.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><em>What the full video in the link below<\/em><\/span><\/p>\n<p><iframe title=\"Haute Residence webinar with Daniel de la Vega, President of ONE Sotheby\u2019s International Realty\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/rq30nskOe6I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\" style=\"color: #000000;\">They spoke about the current real estate market in the South Florida area during current times, how it has seen the effects of COVID-19 and more.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span style=\"color: #000000;\"><span class=\"s1\">The real estate world of Miami abuzz with excitement last week as the announcement was made that <\/span><span class=\"s2\"><b>David<\/b><\/span> <span class=\"s2\"><b>Beckham<\/b><\/span><\/span><span class=\"s1\"><span style=\"color: #0000ff;\"> <a style=\"color: #0000ff;\" href=\"https:\/\/apps.mobilestorm.com\/cp\/redirect.php?id=30463561\"><span class=\"s3\">purchased a penthouse<\/span><\/a><\/span> <span style=\"color: #000000;\">at One Thousand Museum by Zaha Hadid Architects, handled by de la Vega himself. Semilof asked de la Vega on how it took place and its significance.<\/span><\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\" style=\"color: #000000;\">\u201cIt was a very exciting sale for us, and for the market,\u201d he said. \u201cIn this very difficult time, it\u2019s very positive. Representing developments like One Thousand Museum and David Beckham is a pleasure. The building has just come out amazing and I think it\u2019s beyond people\u2019s expectations. Everybody has been in awe after they walk in and see the finishes, common areas, pools and amenities. We have two other buyers looking to write up contracts.\u201d<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\" style=\"color: #000000;\">The interview continued in a Q&amp;A format that included questions sent in by live viewers.<\/span><\/p>\n<figure id=\"attachment_3758877\" aria-describedby=\"caption-attachment-3758877\" style=\"width: 512px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-3758877\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/04\/Daniel-de-la-Vega-headshot-Blackwhite.jpg\" alt=\"Daniel de la Vega headshot Black&amp;white\" width=\"512\" height=\"768\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/04\/Daniel-de-la-Vega-headshot-Blackwhite.jpg 512w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/04\/Daniel-de-la-Vega-headshot-Blackwhite-200x300.jpg 200w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption id=\"caption-attachment-3758877\" class=\"wp-caption-text\">Daniel de la Vega<\/figcaption><\/figure>\n<p><span class=\"rtp-photo-credit\">Photo Credit: Courtesy of Daniel de la Vega<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>What are you telling your agents in today\u2019s market on how to be successful in today\u2019s environment?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Always think outside the box. Our virtual sales meetings, coaching, power sessions where we roll out new tools. Stay positive. I encourage our agents to learn new tools, get more knowledge, work on your CRM systems; read a new book. This is the time to take that step back and learn something new. We will look back in 30 days and say \u201cI wish I could have read that book, or sent that note. Keep up the positivity and the learning process.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Have you been doing virtual reality tours?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Yes, we are doing a lot of virtual showings, using 3D visuals of properties; showing and closing properties on Facetime. Things are very robust. We closed $800 million in the first quarter. The 2<sup>nd<\/sup> quarter may be slower, but we\u2019re trying to average. I\u2019m telling our agents to look for a very strong 3<sup>rd<\/sup> and 4<sup>th<\/sup> quarter. If you\u2019re down 20% at the end of the year, you\u2019ll have had a good year.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Everybody is looking for different things. We are handling things virtually, and things are happening very seamlessly. The participation from our agents has been remarkable. Melbourne, FL is a bit farther up for me to get to, so to be able to connect with our agents with technology to its highest point is very exciting.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We have invested millions of dollars in technologies that we are now using. As our agents use these tools, it gives us ROI on the investments we\u2019ve made. We are trying to build technology that enhances real estate agents. The fundamentals of our business are relationships.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Have you noticed a lot of New Yorkers inquiring about real estate in Florida?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">There\u2019s a lot of New Yorkers renting and calling. A lot of our demand has come from New York and I expect it to continue. If you\u2019re in Chicago or Manhattan, you want to get out and breathe fresh air. As people see that they are spending quarantine in a 1,000 square foot home and look at a property online in South Florida of 5,000 square feet, they\u2019ll consider that. The amount of pent-up demand for real estate in South Florida will be big. And then there are the tax incentives. I think we will see a second Great Migration because of the pandemic.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Can you comment on how properties are appraising in the current market?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Prices haven\u2019t necessarily gone down too much. New listings are down. I don\u2019t think prices will go down drastically because we\u2019re not in a debt crisis like in 2008. The biggest issue right now is job losses. The majority of those are furloughs. If we\u2019re socially responsible, in 60 days those jobs will be back. Deals will be closed once again.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>You are strong on social media. What do you recommend to your agents?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We have two main themes on social media: support our agents and our community. For example, one of our agents in the Fort Lauderdale office is giving food to shelters and people in need. We\u2019re supporting her to buy meals.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">If this is a recession, it will be the shortest one because we are all in this together. Working as a unit will get us through this. When we all follow this uniformity, we will get through it quicker.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">We have our foot on the gas in marketing. We\u2019re pushing out through social media. Focus on the sales that are happening.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Find the opportunity, listen and it\u2019s always important to be communicative. Find out what kind of investment your client is looking to make. Be a listener, learn, and be at the forefront of what\u2019s going on in your community. Clients will find value in you if you become a source of knowledge.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>A question submitted by Haute Residence member Elena Bluntzer: Are developers lowering their prices recently?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Developers have not come off their pricing, but prices have gone down the last two years. In some markets there is more supply than others. If you want something right now, you have to pay for it. I\u2019m not seeing a drastic price reduction in real estate. The price point that gets hit the most is the $1-5 million range.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Have you seen any troubles with loan closings due to new bank processes within the past two weeks?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Yes. The capital markets, in general, have not shut down, but unless the property is solid, and income in place that has been proven in the last 45 days, it\u2019s hard to get financing. It\u2019s not as easy as before, primarily because banks are working on their own balance sheets. They have been working tirelessly on getting out the<\/span> <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/payhip.com\/b\/S0et\">Small Business Administration<\/a><\/span> <span style=\"color: #000000;\">(SBA) programs.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\"><strong>Will there be a new era in residential sales after COVID-19?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">Yes. The adoption rate is changing the way we see real estate from all points of view. What will not change is the relationship component of our business.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Haute Residence live webinar sessions \u201cHaute Leaders Game Changers\u201d began today, with Haute Living\u2019s Kamal Hotchandani and Seth Semilof interviewing Daniel de la Vega, President of ONE Sotheby\u2019s International Realty on Zoom, reaching hundreds of listeners from coast to coast. De la Vega is in charge of\u00a0ONE Sotheby\u2019s locations in Miami-Dade, Broward, Palm Beach, and Martin counties, with 17 offices over 850 associates that generate annual sales in excess of $2.5 billion. Watch the full video in the link below.<\/p>\n","protected":false},"author":142,"featured_media":3758877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,16575,750],"tags":[19792,15945,18834,683,19590,19757,16087,1264,19782,265,1278,63,19785,2405,1580,19793,14803,19791,18835,32,19784,1747,18811,4592,109,19783,19786,19789,19790,14801,19787,19788,13215,14767,8503],"class_list":["post-3758950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate","category-real-estate-talk","tag-brevard","tag-brokers","tag-broward","tag-chicago","tag-covid-19","tag-covid-19-webinar","tag-daniel-de-la-vega","tag-david-beckham","tag-david-beckham-penthouse","tag-florida","tag-florida-real-estate","tag-fort-lauderdale","tag-great-migration","tag-haute-living","tag-haute-residence","tag-indian-river","tag-kamal-hotchandani","tag-martin","tag-miami-dade","tag-ny","tag-new-yorkers","tag-one-thousand-museum","tag-one-thousand-museum-by-zaha-hadid-architects","tag-palm-beach","tag-real-estate","tag-real-estate-industry","tag-residential-sales","tag-sba","tag-sba-loans","tag-seth-semilof","tag-small-business-administration","tag-small-business-administration-loans","tag-south-florida","tag-zaha-hadid","tag-zaha-hadid-architects","market-united-states"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ONE Sotheby&#039;s Daniel De La Vega On Real Estate Industry During COVID-19<\/title>\n<meta name=\"description\" content=\"Watch Haute Residence&#039;s webinar on the real estate industry &amp; effects from COVID-19 with Daniel de la Vega, President of ONE Sotheby&#039;s International Realty\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/webinar-one-sothebys-international-realty-daniel-de-la-vega-real-estate-in-age-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ONE Sotheby&#039;s Daniel De La Vega On Real Estate Industry During COVID-19\" \/>\n<meta property=\"og:description\" content=\"Watch Haute Residence&#039;s webinar on the real estate industry &amp; effects from COVID-19 with Daniel de la Vega, President of ONE Sotheby&#039;s International Realty\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/webinar-one-sothebys-international-realty-daniel-de-la-vega-real-estate-in-age-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"Haute Residence by Haute Living\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hauterealestatenetwork\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-06T18:57:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T00:25:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/04\/Daniel-de-la-Vega-headshot-Blackwhite.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Andres E. 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