Real estate broker – YYMSRK http://yymsrk.com/ Fri, 24 Sep 2021 04:53:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://yymsrk.com/wp-content/uploads/2021/06/icon-2021-06-25T171748.497-150x150.png Real estate broker – YYMSRK http://yymsrk.com/ 32 32 Why Frisco’s real estate market was named one of the best in the country https://yymsrk.com/why-friscos-real-estate-market-was-named-one-of-the-best-in-the-country/ https://yymsrk.com/why-friscos-real-estate-market-was-named-one-of-the-best-in-the-country/#respond Thu, 23 Sep 2021 23:34:15 +0000 https://yymsrk.com/why-friscos-real-estate-market-was-named-one-of-the-best-in-the-country/ Frisco often appears at the top of national rankings for its safety, rapid growth of the local economy and other factors that help make it one of the Money the magazine’s “best places to live”. When a recent study recognized Frisco as the country’s leading real estate market, The morning news from Dallas did additional […]]]>

Frisco often appears at the top of national rankings for its safety, rapid growth of the local economy and other factors that help make it one of the Money the magazine’s “best places to live”.

When a recent study recognized Frisco as the country’s leading real estate market, The morning news from Dallas did additional research to find out why.

Frisco Mayor Jeff Cheney, who has operated Cheney Realty Group in the city for almost 20 years, recognized the entire North Texas region for its “very strong” housing market, but noted that Frisco outperforms all major cities in the region.

The city’s entire residential market – which includes homes for sale, rent and rent – is experiencing a supply shortage.

“We actually have a shortage of housing coming on the market for people who want to move here,” Cheney said, adding that it was also the strongest rental market he has seen.

Most rental properties could have more than a dozen requests in the first 24 hours, he said, and most apartments are approaching 100% occupancy.

The city’s supply of land available for new home construction is also at an all-time low, Cheney said, and in the current market, it would take less than five months for all available land to be sold.

With new developments that will bring additional inventory over the next two years, such as the $ 10 billion Fields project, Cheney expects the city’s rapidly changing market to persist.

“We don’t expect it to slow down anytime soon,” the mayor said.

Frisco real estate in figures

Frisco’s market is more competitive than most U.S. cities and outperforms other strong markets in neighboring Allen, McKinney, Plano and Dallas, according to Redfin, a Seattle-based real estate brokerage firm that analyzes the national housing market.

Highly sought-after homes can sell for 10% more than the list price within 10 days, according to Redfin. Here’s what the brokerage reported for Frisco in August:

$ 554,950: Median selling price of a home

31.2%: Year-over-year increase in median home selling price

5%: Amount above the listing price of the average home sold for

68.8%: Percentage of homes sold above listing price

17 days: How long the average home was on the market before it sold

Contributing factors

The data clearly reveals a competitive market, and Frisco executives point to the city’s schools, location, and entertainment options as the determining factors.

“With an exceptional public school system, quality of life for residents and a relatively low tax rate compared to neighboring communities, it is no surprise that Frisco’s real estate market is doing well,” said the director. Visit Frisco Executive, Marla Roe.

Public education: Cheney said the fundamental reason for the success of the city’s housing market is the quality of its schools.

“The sale of our communities is determined by the quality of the schools,” said the mayor. “If you talk to residents, that’s the main reason.

Frisco ISD has been recognized as one of the top districts in the state for several consecutive years. It stands out for its academic performance, sporting success, diversity and inclusion.

Geography: Cheney also credits the state’s accessibility to other parts of the country, as well as Frisco’s ability to easily travel to other parts of the state.

“When you take a macro perspective, Texas is definitely a desirable state and a business-friendly state. And it’s in a central part of the United States, ”Cheney said. “D-FW, in particular, is very strong, and Frisco himself is very strong.”

Cheney also attributed the city’s growth to its proximity to two airports, including the DFW International Airport.

Entertainment: Frisco also offers a wide range of entertainment options through The Star in Frisco and Stonebriar Center, as well as the National Videogame Museum and KidZania.

Sports: Cheney added that the city’s sports connections and offerings are one of its most attractive features.

The city is home to the Frisco RoughRiders, a minor league baseball team and a major league football team, FC Dallas.

The Dallas Cowboys and Dallas Stars also chose Frisco for the location of their training facilities and headquarters.

Frisco will soon be home to the headquarters of the PGA, which will include two championship golf courses, a conference center and a resort-style hotel.

Flower Mound's band Marcus perform in this file photo.  The city was recently named one of Money magazine's Best Places to Live, with the publication citing its perfect graduation rate as a factor.


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Effective management as an agent retention tool – RISMedia | https://yymsrk.com/effective-management-as-an-agent-retention-tool-rismedia/ https://yymsrk.com/effective-management-as-an-agent-retention-tool-rismedia/#respond Thu, 23 Sep 2021 10:03:40 +0000 https://yymsrk.com/effective-management-as-an-agent-retention-tool-rismedia/ Most agents, at some point in their careers, consider the possibility of changing their business affiliation. It may be an occasional assessment that they themselves think about, or it may be part of a concerted recruiting effort by another broker. With all the different business models and the ever-changing nature of our industry, this is […]]]>

Most agents, at some point in their careers, consider the possibility of changing their business affiliation. It may be an occasional assessment that they themselves think about, or it may be part of a concerted recruiting effort by another broker. With all the different business models and the ever-changing nature of our industry, this is a normal occurrence, and we can expect it to always be a part of our industry.

As a manager or broker, the ability to retain your agents through these inevitable considerations is, in large part, dependent on your relationship with them and their perception of your value to their business. You can reinforce this value – and subsequently strengthen the long-term retention of your agents – by deliberately following these three tips:

Be a sales manager, not just a manager: Effective sales managers do more than solve problems and oversee office administration; they hire agents both individually and in groups to constantly motivate them and help them increase their sales. This includes business planning, training, coaching, and accountability, and it should be a part of every day, week, month, and year.

Beyond that, you need to market yourself and your business by constantly strengthening your brand, tools, culture, and ideas. Weekly sales meetings are a great opportunity to do this and are your best advertisements for long term retention. Use them to remind agents of your strengths and review technology tools and strategies unique to your business that they can use to increase production. Better yet, ask agents to share success stories of using them in your meetings. Build interest every week with a teaser email and make it an exciting and valuable part of your agent’s interaction.

Set the pace: Focus relentlessly on announcements and sales. As a manager, don’t spend too much time on administrative communications, news and social events, or other non-sales issues that take away the sales culture that is necessary to increase sales output, increase revenue and become successful agents. The speed of the leader determines the rate of the pack, so always keep your focus on sales, and your agents will feel less compelled to look for that culture of success elsewhere.

Read, read, read: You need to stay ahead of the industry and your competition by being the authority figure for your real estate agents. This will make you the go-to person for planning, guidance and other matters. By the way, this includes not only external industry information, but internal expertise as well. It is imperative that you are fully conversant with your company’s tools, policies, and other resources so that you can recommend and apply them to each agent’s individual business.

Again, at some point, each agent will look at their own options and consider whether a change in brokerage makes sense. But when you make yourself a sales manager who is actively adding value to your agent’s business, you make yourself irreplaceable. When this is the case, your agents will find that they can’t take you with them and they will be less likely to leave.

In short, you are your own most powerful retention tool. Engage, set the pace, and be the expert, and you’ll follow a proven path to keeping your agent roster stable, productive, and loyal.

To find out how Sherri Johnson can help your leadership team implement a high impact approach to sales meetings, recruiting and agent retention, contact us. Here.

Sherri johnson is CEO and Founder of Sherri Johnson Coaching & Consulting. With 25 years of real estate experience, Sherri now shares her proven methods through nationwide coaching, consulting and speaker services. She is a national speaker for the Homes.com Secrets of Top Selling Agents tour and is the official real estate coach for McKissock Learning and Real Estate Express. Sherri was named RISMedia Real Estate Newsmaker in 2020 and 2021 as an industry influencer and thought leader. Sign up for a free 30-minute coaching strategy session or visit www.sherrijohnson.com for more information.


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Past Pages, September 19, 2011: Carson City’s industrial space begins to fill up https://yymsrk.com/past-pages-september-19-2011-carson-citys-industrial-space-begins-to-fill-up/ https://yymsrk.com/past-pages-september-19-2011-carson-citys-industrial-space-begins-to-fill-up/#respond Wed, 22 Sep 2021 14:19:20 +0000 https://yymsrk.com/past-pages-september-19-2011-carson-citys-industrial-space-begins-to-fill-up/ Cover of September 19, 2011, Northern Nevada Business Weekly. EDITOR’S NOTE: Each week in 2021, we feature excerpts from articles published ten years ago to give readers a 10-year perspective of economic news in the region. This week’s stories were first published in the September 19, 2011 edition of the NNBW. Carson City’s industrial space […]]]>

Cover of September 19, 2011, Northern Nevada Business Weekly.


EDITOR’S NOTE: Each week in 2021, we feature excerpts from articles published ten years ago to give readers a 10-year perspective of economic news in the region. This week’s stories were first published in the September 19, 2011 edition of the NNBW.


Carson City’s industrial space begins to fill up

The amount of vacant industrial space in the Carson City area has fallen sharply in recent months, a strong indicator that the economic recovery is starting to take hold in the capital.

Jobs created by new expanding industrial companies are starting to translate into higher occupancy of apartment complexes, and new paychecks are starting to show up as retail sales, says commercial real estate broker Brad Bonkowski.

“The numbers have improved, and in some cases they have improved dramatically,” said Bonkowski, director of Coldwell Banker Commercial Premier Brokers, a commercial real estate company in Carson City.

The vacancy rate for industrial buildings in the region has fallen by almost 47% since 2009. The current vacancy rate of 11.4% in industrial buildings in the region suggests that speculative development and construction could be needed to meet demand within 18 to 24 months, Bonkowski said.

– Page 1, by John Seelmeyer

With one foot, climbing companies now have a strong hold

The 165-foot outdoor climbing wall on the walls of CommRow in downtown Reno is more than the tallest installation of its kind in the world. It shines a spotlight on this fast growing sport, which has experienced a boom in the development of large climbing facilities to augment the rocks provided by Mother Nature.

Large climbing facilities have been built in recent years in San Diego, Boulder, Salt Lake City, Atlanta and several places in northern California, says Keith Ferguson, director of the USA Climbing Association, who estimates that around 6 , 1 million people participate in organized climbing activities.

Adam Koberna, vice president of marketing and sales for Entre-Prises of Bend, Ore., Which built the outdoor climbing wall for CommRow developer Fernando Leal, says his business has grown every year over the past year. decade.

– Page 1, by Rob Sabo

The Chamber’s health forum to focus on the ROI of services

Want a quick tour of the progress of the healthcare discussion in the United States over the past few years? Just look at the purpose of the annual events of the Chamber Healthcare Forum in Reno.

Four years ago, the first forum focused on the threats posed to corporate profits by the rapidly rising costs of health care services. The following year, attendees heard about proposals being debated by federal lawmakers, and in 2010 the focus was on Obamacare.

This year’s forum is all about finding a return on investment in healthcare dollars, says Sarah Sommers, partner of Solutions at Work, a Reno human resources consultancy and volunteer chair of the healthcare committee. of the Reno-Sparks Chamber of Commerce.

– Page 1, by John Seelmeyer


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Will every mortgage lender soon have a cash offer product? https://yymsrk.com/will-every-mortgage-lender-soon-have-a-cash-offer-product/ https://yymsrk.com/will-every-mortgage-lender-soon-have-a-cash-offer-product/#respond Tue, 21 Sep 2021 21:54:18 +0000 https://yymsrk.com/will-every-mortgage-lender-soon-have-a-cash-offer-product/ Prior to the pandemic, with each new announcement apparently not starting a bidding war, Evergreen Home Loans was set to launch a cash bid program in Washington state. An independent regional mortgage bank licensed in 10 western states, Bellevue-based Evergreen, prides itself on the level of service it provides to realtors – 70% of the […]]]>

Prior to the pandemic, with each new announcement apparently not starting a bidding war, Evergreen Home Loans was set to launch a cash bid program in Washington state.

An independent regional mortgage bank licensed in 10 western states, Bellevue-based Evergreen, prides itself on the level of service it provides to realtors – 70% of the company’s fixtures are purchase loans.

Founder and Chairman Don Burton is a former real estate agent who started Evergreen in 1987, with the goal of eliminating long delays and last-minute surprises in loans that can derail closures.

The CashUp by Evergreen program – in which Evergreen pays cash for homes on behalf of homebuyers and then provides ongoing funding when it transfers ownership to them – was Burton’s idea, said Tamra Rieger, director of the operation of Evergreen.

Tamra rieger

Burton “is actively involved in the business every day, and that’s his idea,” said Rieger. “He was a real estate agent before starting the mortgage company, and Evergreen’s goal has always been, ‘How can we help agents and add value to agents?’ “

Rieger oversaw a special product team at Evergreen which developed the CashUp program over six months. The team was preparing to launch the cash offers program in March 2020 when the pandemic struck.

“There was so much risk in the regular lending environment that we had to opt out of the CashUp program,” Rieger recalled. But, “Fast forward a year, and we’re getting through COVID and managing the risk pretty well.” So we started with a pilot launch in February.

A handful of Evergreen’s top loan officers – about 10 out of a total of 260 – have dedicated themselves to deploying the CashUp program in Washington state, she said.

Once homebuyers have been pre-approved, the CashUp program allows them to submit a cash offer without funding or unscheduled appraisals. If the offer is accepted, Evergreen purchases the home and transfers it to the buyer once its permanent financing is finalized.

“What’s exciting for the agent is that this is a guaranteed cash close,” says Rieger. “There is nothing that will derail the closure. I have respected the closing date each time.

Because Evergreen is a mortgage bank, it has the funds to not only buy homes for cash, but also to provide permanent financing directly to the buyer. That means it can close faster than cash offer programs that outsource funding, Rieger said.

“We have our own funds and we control the mortgage process,” Rieger said. We fully approve the buyer in advance for the cash offer and can close in as little as 10 days. “

The buyer’s mortgage is finalized after Evergreen purchases a home on their behalf. Because they have already been pre-approved, permanent funding ends quickly.

“About a week after I close in cash, I close the client financing” to buy the house at Evergreen, Rieger said.

Some large real estate brokerage firms cannot meet this deadline because they are relying on another lender to pay off their purchase in cash, Rieger said.

“I spoke to a real estate company that is setting up a cash offers program that asked for our help,” Rieger said. “Because they don’t have control over the mortgage process, it takes them 30 days from the time they close with their money for their client’s loan to close. It is too long.”

Develop in new markets

Evergreen, which is partnering with real estate agents to make the CashUp program available to more homebuyers, says the program has been successful, leading it to expand the program to – beyond Washington State to Arizona and Idaho. A pilot program is operational in Nevada and Rieger hopes to launch it in California in October.

As Evergreen rolled out the program, “The good thing is that I was able to talk to everyone involved, including the buyer’s agent and the listing agent. Especially at the beginning, they wanted to talk to me to make sure it was real, ”said Rieger.

“I have received great feedback from agents that this is a real cash offer. The only contingency I have is on inspection, and I will accept seller’s inspection if Evergreen can verify that it was not produced by a related party.

Not all customers start with the CashUp program, Rieger said. But once a buyer has made several traditional offers on different houses, “you get a little discouraged when you don’t win the house.”

To help the CashUp program gain traction, Evergreen has tried to cut costs, she said. Evergreen charges a 1% loan origination fee at the close of the buyer’s loan, and other costs such as escrow, title and registration fees typically add up to around $ 1,400, Rieger said. .

The CashUp program requires home buyers to use Evergreen for financing their permanent home. Evergreen’s goal is to help homebuyers get their offer approved, then provide them with ongoing financing, not make money on fees.

“A lot of the programs charge higher fees – I saw 2.3 percent,” Rieger said. “We are doing this to help our buyers win the home. We have really tried to keep CashUp attractive to the customer, so that the cost does not prevent them from using it.

When deciding in which market to deploy the CashUp program, it is necessary to take into account the property transfer taxes.

“When I close in cash, I own this house and the seller pays the property transfer tax. In the second step, I am the seller and I technically transfer ownership of Evergreen to the borrower, ”generating another transfer of ownership or an excise tax, Rieger said.

So the easiest states to run a cash offering program are those that don’t have an excise tax, Rieger said. Then, she searches for states with lower transaction fees, such as Arizona, Idaho, and Montana.

While closing costs in Washington state may be higher than in other states, Evergreen started CashUp there because that’s where the company is headquartered, and “because probably 50 or 60% of our transactions are done in Washington, ”said Rieger.

The long term goal is to make CashUp available in all states where Evergreen is licensed. So far, that’s 10 states: Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon, Texas, Washington and Wyoming

But Colorado, Texas and Montana are recent additions to Evergreen, which also plans to expand into other western states, Rieger said.

“We have a bit of a philosophy of knowing your market and going into states that are close to where you already do business, rather than going across the country across the country to somewhere like Florida,” said Rieger. “We’re out west and we’re moving east,” while continuing to add branches into Evergreen’s existing footprint.

Will each lender have a cash offering product?

If a licensed regional mortgage lender in 10 states can offer a cash offer product, does that mean each lender will eventually launch their own offer?

“I don’t know if this will be the mainstream, or if all the lenders will be able to do it,” Rieger said. “It might sound easy, but there is a lot of work to be done. I have a good training process and disclosures. But for a lender to create a product like this, I think it takes 6 months to build it, 3 months to pilot it, and you need a lot of resources to do it.

Rieger said any lenders who aren’t already working on launching a cash offering product could miss the boat.

“There is a time for this product. Right now it’s very popular and I’m happy we’re positioned where we are, ”said Rieger. “I think there is a window, and as more homes come on the market and more inventories are online, it’s likely that there will be less demand for a program like this.”

At the moment, stocks are still scarce in many markets, she said.

“We’re still seeing cash offers above the list price, multiple offers, and escalation,” Rieger said. “I think Evergreen was in a good position because we launched in February. If you’re a mortgage company trying to launch this product now, you might miss your window.

Email Matt Carter


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FloridaDoc real estate agency announces move to Decoplage Condo in Miami Beach https://yymsrk.com/floridadoc-real-estate-agency-announces-move-to-decoplage-condo-in-miami-beach/ https://yymsrk.com/floridadoc-real-estate-agency-announces-move-to-decoplage-condo-in-miami-beach/#respond Mon, 20 Sep 2021 07:29:20 +0000 https://yymsrk.com/floridadoc-real-estate-agency-announces-move-to-decoplage-condo-in-miami-beach/ MIAMI BEACH, FL, September 20, 2021 / 24-7PressRelease / – FloridaDoc is pleased to announce its recent move to the Decoplage condominium in Miami Beach, where it reopened on August 12. The luxury Miami condo is located on the ocean and offers FloridaDoc 1,000 square feet of space. According to company founder and real estate […]]]>

MIAMI BEACH, FL, September 20, 2021 / 24-7PressRelease / – FloridaDoc is pleased to announce its recent move to the Decoplage condominium in Miami Beach, where it reopened on August 12. The luxury Miami condo is located on the ocean and offers FloridaDoc 1,000 square feet of space.

According to company founder and real estate broker, Dr. Cristina Cesana, Decoplage is the perfect place for FloridaDoc.

“We are expecting a lot of business from rentals and investors buying into the building, in addition to our activities already underway,” said Dr Cesana. “There are 667 units in this magnificent building. The amenities are spectacular, as are the views, and the building allows for a minimum of 30 day rentals. Naturally, there is a lot of interest from investors, so it is very convenient for our office to be located here.

FloridaDoc offers a wide range of services for anyone looking to rent or buy in the Miami area. A comprehensive and in-depth advisory package is available for investors. The agency’s experts have years of experience in the American and Italian real estate systems.

“We work with the best tax and legal professionals in the industry and can help you with insurance as well. Not only that, but we can also restore and furnish apartments as needed, list and advertise suitable tenants, and ultimately manage the property on your behalf. Said Dr. Cesana.

FloridaDoc also helps homeowners sell their properties and provides financing services to foreigners in Miami. For more information on these and other services, visit https://www.floridadoc-immobiliare.com.

Founded by Dr. Cristina Cesana in 2013, FloridaDoc provides real estate services to investors and those looking to rent or buy in the Miami area. Dr. Cesana, Fellow of the Royal Institute of Chartered Surveyor, has nearly 20 years of experience in real estate consulting in Italy, having opened his first consulting firm in 1996.

FloridaDoc provides comprehensive advisory packages for investors, property management and financing services for foreigners, and is located inside the prestigious Decoplage condominium in Miami Beach.


Press release service and press release distribution provided by http://www.24-7pressrelease.com


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Real estate broker says new housing law could change the look and feel of suburbs https://yymsrk.com/real-estate-broker-says-new-housing-law-could-change-the-look-and-feel-of-suburbs/ https://yymsrk.com/real-estate-broker-says-new-housing-law-could-change-the-look-and-feel-of-suburbs/#respond Sun, 19 Sep 2021 16:23:12 +0000 https://yymsrk.com/real-estate-broker-says-new-housing-law-could-change-the-look-and-feel-of-suburbs/ Real estate broker says new California housing bill could change many single-family neighborhoods Governor Gavin Newsom on Thursday signed a cluster of bills aimed at alleviating California’s housing shortage. Part of the new law will allow homeowners to turn land built for a single-family home into two or even four units. Amanda Quintana reports from […]]]>

Governor Gavin Newsom on Thursday signed a cluster of bills aimed at alleviating California’s housing shortage. Part of the new law will allow homeowners to turn land built for a single-family home into two or even four units.

The governor’s office said the law would increase housing production and create more inclusive and vibrant neighborhoods. But many are wary of how this law will change neighborhoods in the Bay Area.

“I see both sides. I know we need it, but it needs to be more regulated. You know what I mean? They didn’t do this right,” said Lisa Jones.

Jones is a real estate broker, so she should be excited about the new law.

“As an investor that’s great for me. I’m like, ‘Yeah, let me get a lot and build a quadruple on it.’ But I also have to consider the people who already exist there too, ”Jones said.

Jones said she moved to the suburbs when raising young children to get away from large apartments and busy streets. She therefore understands that many owners of suburban neighborhoods do not want a quadruplex built next door.

While this new law is a victory for programs trying to find housing for the homeless, Jones says it could change the look and feel of neighborhoods as well. And it might bother people.

“I don’t want to be at the end of a committee where the neighborhoods are protesting against my property or something like that because it’s right in the middle of a suburb. Because I understand that,” Jones said.

Even though she has said she won’t build an apartment where it doesn’t fit the neighborhood, she knows many investors will.

“They could blow up the block and turn them into quads and duplexes. It is possible. It will probably happen. There are companies that have pockets, they have the money to do it and they will,” Jones said.

One of the authors of the legislation said that something needs to change because the status quo is not sustainable.

“To me, it’s very simple – we are missing millions of homes. It pushes people out of our state, it makes them homeless, pushing them into poverty,” California Senator Scott Wiener said.

“The housing affordability crisis is undermining the California dream of families across the state and threatening our long-term growth and prosperity,” Gov. Newsom said in a statement.

Jones isn’t denying that this law will create more homes and lower rental prices, but she says lawmakers weren’t thinking about the big picture.

“Maybe they should have added how many would be added in a specific neighborhood or something, because it’s free for everyone. Because basically what that thing says is that anyone can do it. You can turn your house into a quadruple. You can turn your duplex into a quadruple, “Jones said.

She said vacant lots usually don’t sell very quickly in the Bay Area, but since this legislation was passed, the prices of these lots have been rising and investors are rushing to buy them before the law does. comes into effect at the start of the new year.


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Realtor Uses Scary Dolls to Market ‘Horrible and Horrible’ Louisiana House https://yymsrk.com/realtor-uses-scary-dolls-to-market-horrible-and-horrible-louisiana-house/ https://yymsrk.com/realtor-uses-scary-dolls-to-market-horrible-and-horrible-louisiana-house/#respond Sat, 18 Sep 2021 22:29:16 +0000 https://yymsrk.com/realtor-uses-scary-dolls-to-market-horrible-and-horrible-louisiana-house/ through: Michel bartiromo, Nexstar Media Wire Posted: Sep 18, 2021 / 6:29 PM EDT / Update: Sep 18, 2021 / 6:29 PM EDT “I did it just to bring attention to the house because the house was so hideous and horrible,” said Tony Bertucci of NOLA Living Realty. “I wanted to do something to illuminate […]]]>

“I did it just to bring attention to the house because the house was so hideous and horrible,” said Tony Bertucci of NOLA Living Realty. “I wanted to do something to illuminate the photos of the house. (Jonathan Hoerner / NOLA Real Estate Marketing and Photography)

(NEXSTAR) – It may not be anyone’s dream house, but it is definitely the house of their nightmares.

A real estate agent in Louisiana – successfully – marketed an abandoned house by playing on one of the strangest aspects of the property: a pair of terrifying dolls left behind by a previous owner.

“I did it just to bring attention to the house because the house was so hideous and horrible,” said Tony Bertucci of NOLA Living Realty. “I wanted to do something to illuminate the photos of the house.

The dolls were left by a previous owner, according to listing agent Tony Bertucci of NOLA Living Realty.

Bertucci, a resident of New Orleans, tells Nexstar that he is in fact the current owner of the house, which is located near Metairie. He bought it with the intention of fixing it and selling it, but Hurricane Ida upended his plans.

“We were recovering from catastrophic damage,” said Bertucci, whose properties were affected in the hurricane. “So that took precedence over some of the renovation projects. “

Hoping to sell the house quickly, he figured he would try to attract attention by digging up the disturbing dolls and placing them prominently in the photos in the ad.

“I did it just to draw attention to the house, because the house was so hideous and horrible,” Bertucci said. (Jonathan Hoerner / NOLA Real Estate Marketing and Photography)

Surprisingly, Bertucci said he was soon speaking with potential buyers, some of whom were wondering if the house was haunted or wanted to know more about the dolls.

“I just told them the dolls were my customers,” Bertucci joked. “I said they were selling because the house was way too big for them.”

Can you see it? (Jonathan Hoerner / NOLA Real Estate Marketing and Photography)

The house was finally under contract after just a day on the market, thanks in large part to the buzz generated by Bertucci’s dolled up photos. In fact, Realtor.com determined the listing to be the most popular last week, generating tens of thousands of clicks largely thanks to the dolls.

“And when we say dolls, we don’t mean they’re cute, adorable or cuddly,” Realtor.com wrote in its listing cover. “No, these dolls are sinister – and make an ideal match for this decrepit residence.

When asked if he was bothered by Realtor.com repeatedly suggesting that the dolls and the house were scary, Bertucci said no.

“I mean, that’s pretty spot on,” he said of the site article. “I was scared just watching the photographer take the pictures.”


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Are oral declarations binding in real estate transactions? | Siouxland Houses https://yymsrk.com/are-oral-declarations-binding-in-real-estate-transactions-siouxland-houses/ https://yymsrk.com/are-oral-declarations-binding-in-real-estate-transactions-siouxland-houses/#respond Sat, 18 Sep 2021 05:00:00 +0000 https://yymsrk.com/are-oral-declarations-binding-in-real-estate-transactions-siouxland-houses/ # 1: Contact your agent, preferably via email, and offer to contact the listing agent and have them both resolve this issue for you. Ask for the broker’s email address as they may not be aware of the situation. It is not clear if you have done this. Some real estate agents will resist the […]]]>

# 1: Contact your agent, preferably via email, and offer to contact the listing agent and have them both resolve this issue for you. Ask for the broker’s email address as they may not be aware of the situation. It is not clear if you have done this. Some real estate agents will resist the idea. Some will admit that they were wrong and will help. If they hesitate, consider pushing back and threaten to file a complaint with state regulators.

N ° 2: Contact the buyer by email (the listing agent will have it.) Tell her that if her personal effects are not out by a specific date and time, you will put them on the sidewalk and that she can retrieve them at any time. This action is a letter of request, and option number three below is a more powerful letter of request.

N ° 3: Remember to contact your lawyer and ask him to write the formal notice. Most people will respond to such a letter. Your lawyer will review the documents and tell you who should receive the demand letter.

No 4: As a last resort, entice the seller. Offer him money (other than a lawsuit) to take his things out immediately. It seems counterintuitive under the circumstances, but it can save time and be more cost effective.

In this writer’s experience, situations like this are common in residential real estate. There are fundamental reasons why mistakes are common in this business. The culprits are low entry level requirements, high agent turnover rates, and lack of proper training and supervision. Many industry practices are flawed, and your story is one example of the financial risks to be wary of when buying or selling a home.


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Brokerage reminder: buckle up and look both ways! https://yymsrk.com/brokerage-reminder-buckle-up-and-look-both-ways/ https://yymsrk.com/brokerage-reminder-buckle-up-and-look-both-ways/#respond Fri, 17 Sep 2021 22:04:43 +0000 https://yymsrk.com/brokerage-reminder-buckle-up-and-look-both-ways/ Real estate professionals are rarely in the office, often traveling as part of their work to properties and meetings with clients. Since the majority of the time is spent away from the office and on the road, it is important to pay attention to possible car accidents and maintain road safety. Still accidents happen, so […]]]>

Real estate professionals are rarely in the office, often traveling as part of their work to properties and meetings with clients. Since the majority of the time is spent away from the office and on the road, it is important to pay attention to possible car accidents and maintain road safety.

Still accidents happen, so how would you like secure your business against accidents?

Nationally, 45% of road crash fatalities in 2019 were in rural areas, according to data from the U.S. Department of Transportation’s Fatality Analysis Reporting System (FARS).

In contrast, California recorded a relatively high rate of 68% of accidental deaths in urban areas and a low 31% of accidental deaths in rural areas. With 39.5 million people, California has the highest population in the country, as well as the highest number of fatal car crashes, with 3,300 fatal crashes in 2019.

In 2019, 50% of all drivers killed in motor vehicle crashes, who were tested, tested positive for legal and / or illegal drugs, an 8% increase from 2018 according to the California Office of Traffic Safety.

The main reasons for fatal car crashes often include:

  • speeding;
  • poisoning;
  • drug use;
  • Distracted driving;
  • automotive defects;
  • bad weather, and
  • no use of constraint.

Even a perfect driver can get in the way of another driver who is under the influence or who is just not paying attention. It is therefore important to practice defensive driving always. Practice using driving strategies that minimize risk and help avoid accidents by:

  • obey all laws and road signs;
  • respect all drivers on the road, and
  • maintenance of your vehicle.

Defensive Driving Training (DDT) was developed to help reduce the number, severity and cost of vehicle-related collisions. Drivers can register for DDT online at dgs.ca.gov and become certified in defensive driving. Many insurance companies offer discounts to drivers who take defensive driving lessons as an incentive.

The broker is registered as insured

Salespeople are employees of the broker, even when their job is classified as an independent contractor. [Calif. Business & Professional Code §10160]

Associated article:

The independent sales agent: a violation of CalBRE

Suppose a salesperson employed by a broker has a car accident at fault while driving to visit a potential client. The broker’s business is named in a lawsuit and is liable since at the time of the accident, the seller was working as an employee of the broker. [Moradi v. Marsh USA (September 17, 2013)_CA4th_]

To minimize risk, brokers may require their agents to add their business as a “Additional insured” on their auto insurance policy. Brokers must receive written documents from the auto insurer as proof that the broker is covered. Save a copy of this policy and keep track of policy expirations and renewals.

Associated article:

Running an office: insurance coverage

Real Estate Publications, Inc. (RPI) publishes two employment contracts used by a broker employing a licensee to perform agency functions on behalf of the broker. Both forms provide automatic coverage for the broker.

The Independent contractor employment contract form is used by an employer broker when entering into an agreement employing a sales agent or broker. [See RPI Form 506]

The terms of the form:

  • request that the employee be treated for tax purposes as a independent contractor;
  • establish the rights and fees of the broker and agent, and
  • detail how the fees owed to the employee will be allocated and shared.

Alternatively, brokers can choose other withholding tax and compensation arrangements documented by a Employee broker-agent agreement form. [See RPI Form 505]

The terms of this form:

  • claim income tax withholding and tax treatment as a employee;
  • establish the rights and fees of the broker and agent, and
  • detail how the costs owed to the employee will be allocated and shared.

Both forms require the agent to provide their own transport and hold a liability and property damage insurance policy in an amount satisfactory to the broker with a policy rider designating the broker as co-insured.

Brokers should ensure that their sales agents are properly insured to avoid liability in the event of a car accident. Brokers may need to purchase a separate commercial auto insurance policy or obtain a special endorsement covering their commercial use.

Visit our form of the week: Agent and Broker-Associate Employment Contracts – Forms RPI 505 and 506 for more information.


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Retailers rethink pandemic-stricken Manhattan – The New York Times https://yymsrk.com/retailers-rethink-pandemic-stricken-manhattan-the-new-york-times/ https://yymsrk.com/retailers-rethink-pandemic-stricken-manhattan-the-new-york-times/#respond Fri, 17 Sep 2021 07:00:09 +0000 https://yymsrk.com/retailers-rethink-pandemic-stricken-manhattan-the-new-york-times/ In the heart of Manhattan’s Fashion District, a once-busy Starbucks on the corner of Eighth Avenue and 39th Street is empty. Just down the block, a Taqueria Dos Toros that opened just three years ago is now closed. And Wok to Walk, which once served steaming containers of noodles mixed with chicken and veg to […]]]>

In the heart of Manhattan’s Fashion District, a once-busy Starbucks on the corner of Eighth Avenue and 39th Street is empty. Just down the block, a Taqueria Dos Toros that opened just three years ago is now closed. And Wok to Walk, which once served steaming containers of noodles mixed with chicken and veg to a lively lunch crowd, is also closed.

As the Delta variant of the coronavirus has again delayed plans by many companies to bring workers back to the office en masse, workers who have flocked to Midtown are finding many of their go-to spots for a quick cup of coffee and a muffin in the morning or sandwich or salad at lunch time are gone. A number of those that are open operate at reduced hours or with limited menus.

As the pandemic has kept millions of New York City office workers at home over the past year, restaurants, cafes, clothing retailers and others have struggled to stay at home. flow.

By the end of 2020, the number of chain stores in Manhattan – ranging from drugstores to clothing retailers to restaurants – had fallen more than 17% from 2019, according to the Center for an Urban Future, a research organization and nonprofit policy.

Across Manhattan, the number of stores available on the ground floor, normally the area of ​​busy restaurants and clothing stores, has skyrocketed. A quarter of Lower Manhattan’s ground floor storefronts are available for rent, while about a third are available in Herald Square, according to a report by real estate firm Cushman & Wakefield.

Starbucks has permanently closed 44 outlets in Manhattan since March of last year. Pret a Manger has only reopened half of the 60 locations it had in New York City before the pandemic. Many delicatessens, independent restaurants and small local chains have died out.

“Midtown has clearly been the hardest hit of any Manhattan neighborhood,” said Jeffrey Roseman, a senior retail real estate broker at Newmark. “If you think of other office-centric areas, whether it’s downtown, Flatiron, or Hudson Yards, there are a lot of residential neighborhoods around those areas that have helped support these markets. Midtown, for the most part, is a one-ride pony.

“These are mainly offices and hotels, which have also been affected by the slowdown in tourism.”

The turmoil, however, reached the city center further on. Luxury furniture retailer ABC Carpet & Home – whose flagship store was a staple in the Union Square neighborhood last week – filed for bankruptcy, in part due to “a massive exodus of shoppers. current and potential leaving the city ”.

But in a city where one person’s downturn is someone else’s opportunity, some restaurant chains are taking advantage of record store rents to locate or expand their presence in New York City.

In the second quarter, food and beverage companies signed 23 new leases in Manhattan, major clothing retailers, which signed 10 new leases, according to commercial real estate services company CBRE.

Shake Shack and Popeyes Louisiana Kitchen were among those who signed new leases this year. The same goes for burger chain Sonic, which signed a lease for its first New York outpost, replacing a Pax Wholesome Foods store in Midtown. Philippine-based chicken restaurant Jollibee, which enjoys an engaged audience, plans to open a huge flagship restaurant in Times Square.

Yet with so much uncertainty as to when employees will be able to fully return to the Midtown offices, some companies are proceeding with caution. Bluestone Lane Cafe intended to aggressively expand into Manhattan before the pandemic and is still considering locations in Midtown. But he’s now focused on opening up in more residential neighborhoods like Battery Park City, Hudson Yards and Tribeca.

“We have intentionally selected urban residential areas for our new cafes so that we are not dependent on our locals returning to a physical office space and are well positioned for the future of hybrid work,” Nick Stone, Founder and Managing Director of Bluestone Lane. , said in an emailed statement.

And some restaurant chains that have already reopened in Midtown are changing their strategies to meet what they believe are the changing needs of customers in a post-Covid world.

On a recent weekday, a handful of patrons munched on salads and sandwiches at Bread Quotidien’s Bryant Park location. The long communal tables that once dominated the restaurant’s front are now gone, while refrigerated cases for a selection of take-out drinks, salads and sandwiches will be expanded next year as part of a remodel. A new app for pre-ordering and collecting food became available in May.

While new technologies work for some customers, others yearn for the past.

“We’ve used QR codes to get customers to view the menu as we try to limit contact with surfaces, but the majority of our customers want to have a real menu,” said Stephen Smittle, senior vice president of operations for Le Pain Quotidien. . “They really want to feel normal. They want a server. They want to hold a cup of coffee, not a paper cup.

Struggling before the pandemic, Le Pain Quotidien filed for bankruptcy in May 2020. It was acquired by Aurify Brands, which has since reopened many Le Pain Quotidien stores in the city, including several in Midtown.

“Our thought is that Midtown New York will return to a level that might not be 100% pre-pandemic, but based on the information we have gathered, I think Midtown will return to an important level,” Mr. Smittle said. . .

For Starbucks, one of the big lessons from the pandemic was that customers liked to order their drinks online and then pick them up quickly at stores or drive-ins. Starbucks had started offering this even before the pandemic, opening a pick-up point at the Pennsylvania Plaza in Midtown in late 2019.

Since early 2020, Starbucks has permanently closed 44 of its 235 branches in Manhattan. But it’s in the process of adding mobile pickup areas in many stores and adding more pickup-only locations. The company says it expects net growth from new stores in Manhattan over the next several years.

Prior to the pandemic, Starbucks operated three stores in the Columbus Circle area. He closed them and this year opened a big restaurant. Now, Central Park runners collect their pre-ordered drinks at a mobile counter and leave, while other customers line up to place their orders and can sit at nearby tables.

“We were going to develop the concept and evolve over time,” said John Culver, president of North America and COO of Starbucks. “What we have done is seize the opportunity presented by the pandemic and accelerate the transformation of our store portfolio. Consumer behaviors during the pandemic have accelerated to levels no one expected. “


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