For many luxury buyers, a dream home is within reach — in fact, they might already own one. As homeowners adapt to remote work, it’s easier than ever to live full-time in vacation properties and locations once viewed as seasonal retreats. Demand is rising for real estate in second-home markets, as buyers seek year-round residences that also feel like an escape.
Today, DepositLink CFO and co-founder Darrell West is building a real estate tech company. And what he does now is greatly informed by his experience over 25 years ago. DepositLink is a safe, secure, and easy way for real estate companies, their agents, and title companies to request ACH earnest money deposits and commissions.
Looking back at 2019 planning, it is clear no one anticipated 2020. Most forecast a softening sellers market — and you don’t have to be an insider to know that wasn’t the case. Due to the pandemic, interest rates dropped, and sellers were hesitant to list because of virus fears. This led to an inventory crisis. Bidding wars were common across the country.