Episode 251 - John Barkett, Owner/Broker

Episode Summary:

Today, our guest has received the highest designation from the Appraisal Institute that he has earned with his incredible background in the real estate market. Joining us is John Barkett, Member of Appraisal Institute, as well as commercial and residential broker. John has a vast knowledge of what is happening in this market while offering a fresh perspective on what is happening in the industry.

In this episode, join John and I as we discuss John’s early start in the real estate world, and how that has led him to be the owner of Barkett Realty, a one-stop real estate company that offers both commercial and residential services. We also discuss some tips for realtors on the benefits of being involved in appraisals and future developments in commercial and residential markets post-COVID!

Top Takeaways:

John Barkett’s Advice for New Agents
“I would say our motto is turning transactions into relationships. I would say live it, but I would also say you need to be an influencer. It’s not just the process; it’s not just getting to the closing table. You are creating long-lasting relationships, and you need to look at it as these are relationships you are going to have forever. Also, you need to be part of your community and a part of the solution. We live in a community that wants your input, and your input makes a change, and you can see it.”

“Appraisers don’t mind getting data. Honestly, we are data fanatics the more, the merrier.” – John Barkett [15:47]

“If you’re not a part of the process, you’re never going to get there. Knowledge is power. Knowing what’s happening when and where is going to make you a better agent and finding the right location for your buyer and to market your seller’s homes more productively. It’s something to live by.” – John Barkett [39:44]

Episode Highlights:

[00:28] Intro

[00:44] Meet John Barkett – Member Appraisal Institute

[01:48] Growing up in Southern Massachusetts

[05:27] Second Generation Real Estate Appraiser

[07:30] New York City and Real Estate Valuation and Analysis

[10:15] How John Landed in St. Petersburg

[11:13] Starting Property Evaluation Specialists

[11:48] Being Neutral as a Third-Party

[15:36] Advice for Agent and Appraiser Interactions

[17:20] Barkett Realty and Becoming a Full-Service Boutique

[23:46] Up and Coming Developments for Residential and Commercial

[38:31] John’s Advice for New Agents

[40:24] Connect with John

[41:15] Closing Thoughts

[41:27] Outro

Episode Notes:

Joining us today is John Barkett, Broker and Owner of Barkett Realty, a boutique real estate company that offers full services in commercial and residential markets. John Barkett was born and raised in southern Massachusetts, where he was close to the Connecticut border and surrounded by all things sports and academia.

John was exposed to real estate at a young age as his father was the Chief Appraiser for HUD and FHA, where he contributed to building affordable and low-income housing across the northeast. After retiring, John’s father started his own appraisal company where John worked summers as an appraiser intern. Enjoying the flexibility and having a deep interest in the commercial side, John saw himself following in his father’s footsteps. John went on to receive his bachelor’s in business management at Western England College. He knew these skills would transfer to anything he wanted to do in the future, especially starting his own business.

Immediately upon graduating, John moved to New York City, where he got affiliated with a Member of the Appraisal Institute as he knew he wanted to receive the highest designation he could get in the profession. John Barkett then applied to New York University’s program for real estate valuation and analysis.

After almost a decade in New York, John moved to St. Petersburg, Florida, to raise his children and be around his parents. This is where he started his company, Property Valuation Specialists, where he offers independent appraisal services. After being in St. Petersburg for a few years, John’s clients were pushing for him to open a brokerage as his clients already trusted and relied on his opinions and ability to predict future returns.

John Barkett seeing the need for a one-stop full-service boutique real estate company, created Barkett Realty, where he offers full services needed for both commercial and residential sales, leasing, property management, appraisal, and valuation services. John’s advice for new agents is to turn transactions into relationships and learn how to be an influencer. Do not think of transactions as just a process but instead think of it as creating long-lasting relationships. John also shares that you should be a part of the community and a part of the solution as your community will want your input. You will be able to see how your impact can indeed be a force of change!

Resources Mentioned:

· Tampa Bay Time article on COVID-19 and real estate

· Red Apple Development on Central Ave

Connect:

Find | THE REAL ESTATE SESSIONS

At Tresonline.com

Find | Bill Risser

At bill.risser@fnf.com

On Twitter

On Facebook

On Youtube

Find | John Barkett