The Evolution of Real Estate by Peter Kiriazopoulos
On Episode 327 of The No Limits Selling Podcast, we have Peter Kiriazopoulos. A longtime resident of Markham, Peter embraced all that his community has to offer, and with that, he gained the local knowledge to help buyers make informed decisions about buying and selling. As a natural leader and analytical thinker, he spent the early days of my business career. It wasn’t long before he found himself drawn to the fast-paced world of real estate.
Over the next 10 years, he honed his skillset on a team and independently, specializing in residential real estate and achieving multiple awards along the way.
Find Peter Kiriazopoulos: Website
[EDITOR’S NOTE: This podcast is sponsored by No Limits Selling. It is a fun, fast-paced podcast that delivers hard-fought business advice that you can implement today to improve your sales and performance]
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Summary
Guest Introduction
Peter Kiriazopoulos, also known as Peter Kay, is introduced. He is a real estate professional in the Greater Toronto Area. They discuss the importance of remembering people's names and share a humorous anecdote about a man named Peter Pan.
The Evolution of Real Estate
Umar and Peter discuss the long history of real estate transactions, dating back to ancient times when land ownership became a form of wealth. Peter admits that he hasn't given much thought to the history of real estate beyond the modern era.
Technology and Real Estate
Umar highlights the technological advancements that have shaped the real estate industry, referencing a historical example of people in the late 1800s being able to listen to the Philharmonic over the telephone.
Peter’s Passion for Real Estate
Peter shares the three things he loves about real estate: helping people, especially first-time homebuyers; the flexibility of the job; and the financial rewards, particularly in a major market like Toronto. Umar emphasizes the potential for real estate to create a legacy of wealth for families.
Building a Team
Peter talks about the growth of his real estate team, the Compass Realty Group, which is affiliated with RE/MAX. The team includes Peter, his wife, and two other agents. He discusses the challenges of leading a team, including learning not to micromanage, blocking off family time, and staying on top of new trends and market conditions.
Working with a Spouse
Peter and Umar discuss the dynamics of working with a spouse, including the need to balance work and family life. Umar suggests setting aside time each day for couples to reconnect without discussing work or family responsibilities.
Market Outlook for 2023
Peter provides his perspective on the 2023 real estate market in the Greater Toronto Area, considering recent interest rate hikes by the Bank of Canada and low sales levels. He predicts a continuation of current trends, with potential for some recovery as people adjust to new market conditions.
Productivity Tips
Peter shares a simple yet effective productivity tip: each night, he writes down the three to four most important tasks for the next day, which helps him stay focused and organized.
Lessons from Previous Work Experience
Reflecting on his past experience in his family’s industrial cleaning business, Peter emphasizes the hard work required to earn a living and the gratitude he feels for his current position in real estate.
Conclusion
Peter expresses his appreciation for being a guest on the podcast. Umar encourages listeners to leave a five-star review if they enjoyed the episode and directs them to his website for additional resources.
