So Money - Episode 220

Bill Raveis

Founder, CEO and Chairman of William Raveis

A few weeks ago, my friend Kathy Braddock, the managing director of real estate company William Raveis, joined me for an interview. She had some great advice and insights on real estate and growing a successful business. Today, I am continuing that conversation with the founder of William Raveis, Mr. Bill Raveis himself.

Bill founded William Raveis in one room over a grocery story in Fairfield, CT in 1974. He borrowed $2,000 to launch his firm – a firm which last year sold more than $8 billion worth of real estate. It is now the largest family-owned real estate company in the northeast with over 100 offices.

Bill was the 1988 recipient of the Ernst & Young Entrepreneur of the Year Award, among many others for his achievements in business. He also gives speeches across the country and has been published in numerous financial and real estate publications including Forbes Magazine and Real Estate Today.

Three key takeaways:

  • There is a growing ideology that buying a home is no longer a secure way to build wealth. Is buying a home still part of the American Dream? How have intentions changed over the decades?
  • How would you characterize the real estate market today? Are we in a buyer’s market or a seller’s market?
  • Best advice for first time buyers.

If you would like to learn more about Bill Raveis, visit his company’s website or follow them on Twitter @WilliamRaveis.

One of my favorite quotes from our interview: “Deal in cash. When you take all your risk, you make sure you put enough cash available to take the risk.” – Click to Tweet

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