Despite being an expert in computer science and data collection, Terry Bandy has also developed an impressive sideline in the real estate industry which is taking up more and more of his time. The graduate of Tufts University embarked on a real estate career after becoming interested in the opportunities available in the real estate industry which began with a move towards buying and selling real estate across the Bay area of San Francisco; Terry Bandy began his career in real estate after working on his own property in San Francisco and enjoying the experience immensely.
What do you know about the real estate industry?
I have become increasingly interested in the real estate industry over the last few years and have sold real estate across a number of areas of Northern California, particularly in the San Francisco area. San Francisco is my home city and I can’t get enough of the individuality of the architecture I see each and every day.
Have you ever sold real estate? How did you make it happen?
The rules and regulations of the real estate industry can be quite complex and allowed me to look at the sector with an analytical eye similar to that I use in data analysis. Studying is all important and adds to the skills I have developed as I found many impressive individuals in the San Francisco real estate industry willing to help me find my feet.
How much experience do you have in buying or selling real estate?
I have more than a decade of experience buying and selling real estate in a professional way which has included my own investments and those of my clients. Originally, I planned to solely work for myself creating a real estate development company using my skills as a realtor but I now work with many clients who share my love of the San Francisco region.
Have you ever made a sell or a purchase you have regretted?
On a personal level, yes I have purchased homes which been difficult to renovate to the professional level I believe should always be my aim. I try to guide my real estate clients towards homes fitting their needs and budget but on occasion, a client will overrule my thoughts and set out on their own path which I cannot guide them away fr4om.
What advice would you give inexperienced who are wanting to buy or sell?
In my view, one of the major misconceptions of the real estate industry is that everything must be done at breakneck speed. Spending a little time researching the markets is the first step any inexperienced real estate investor should undertake to learn what to expect in a market and when a good deal is available.
What have you found out to be the best way to market property?
My background in computer studies which means I have a great belief in the power of online marketing to bring about success in selling properties. However, making a great first impression on a personal level is another area I feel should always be explored.
What tools do you believe are essential for success in the real estate industry?
I’m a technology junkie and feel there are lots of amazing tools to aid agents who are looking for a professional way of exploring the markets in San Francisco and elsewhere. My favorite piece of technology is relatively inexpensive, Matterport gives a 3-D view of an individual property similar to that seen with Google Street View.
What has real estate taught you about life?
When you work in real estate you have to take the ups with the downs and trust in yourself to overcome any dips which may occur in the markets. I have become far more trusting in my own abilities and understanding of the fact market changes can have a major effect on the work I complete on a regular basis. My self-confidence now remains pretty high even when the markets slow down and I now simply work harder to complete sales each month.
How can you use what you have learned in real estate to succeed in other areas?
The whole way I look at life has changed because of my real estate career as I am now a far more driven person when working in real estate or data analysis. In the past, I was far more reliant on my skills as a researcher and analyst who relied on technology but I now have a greater appreciation for the human factor in every deal I take part in.
Do you have a mentor who taught you what you know?
I’d say I have a number of mentors across different business areas of business and education from across the various areas of my life. In education, a number of educators from high school and college aided my development as a person and business leader; in business, I have been influenced by many different people who have influenced my personal growth.
Do you have a feedback system? How does it work?
I encourage feedback of all types as I believe this is one of the growing areas of marketing having an effect on the position a brand has in search engine rankings. My website has a feedback section asking customers how their experience with Terry Bandy as a real estate agent has been. I also try to respond to every online review whether it appears on my website or on third-party sites such as Yelp or Google.