Quintessentially Estates LA president and broker Aram Afshar’s real estate sales career started in the midst of a crisis. After years of success in the mortgage industry, he decided to abandon it right as the Great Recession spurred the collapse of the housing market.
Knowing a wave of foreclosures was on the horizon, Afshar quickly shifted his plans to focus on real estate sales and founded Afshar Properties, a Coldwell Banker Global Luxury team that originally focused on a rapidly growing distressed and upside-down sales market.
“I was able to see that the market was shifting probably a little bit before many people because of my mortgage background, and I realized that there was going to be a crisis,” he told Inman. “I bet on the fact that there would be a potential opportunity in the crisis, and a way to help people who [were] going to have distressed properties.”