Teles Co-President Sharran Srivatsaa Talks to Forbes About Spotting Hot Markets

Part of the Teles Properties brand is insider knowledge and expertise.
That’s why the media sources quotes from agents on a regular basis, why our agents win awards, and why the people who work here love what they do.
Teles co-President Sharran Srivatsaa embodies that Teles insider advantage, and that’s why he was invited to join the Forbes magazine Forbes Real Estate Council.
The invite only council is extremely prestigious. The council is a new and innovative community for executives to discuss and solve pressing business challenges with their peers, share their insights via thought leadership articles on Forbes.com, and get personalized support from the Forbes Councils concierge team. Concierges work with members on a regular basis to learn about their specific business needs and challenges and use that information to connect them to the right community resources.
Members are also invited to weigh in, as experts in their field, on certain topics the publication covers. That was the case recently when Srivatsaa was asked to share his expertise, along with a half dozen other luminaries in the real estate field, on spotting emerging real estate markets.
While some experts talked investment value, or location, or even ability to liquidate quickly, Srivatsaa, advised playing a longer game, and spoke of the value that can often be found next to hot markets, advising potential investors to put their money in what he called the “spillover markets.”
“We often notice the best investments are in the spill-over markets, which are communities just outside where all the growth is happening in the hot market,” said Srivatsaa. “As real estate values skyrocket, this instantly starts pricing people out of the hot market and they often look at the spill-over markets that mirror most of the winning characteristics of the hot market.”
For more from Srivatsaa and other experts, read the article in full here.
