August 10, 2018 rummy

The law of supply and demand has been an existential issue in basically all known market (real estate included) since the early days of commerce. This has been seen and used time and again by power players in the arena as an opportunity to dominate and earn more. A lot of studies and speculation points at the recent mortgage rate changes as the main reason for home value increase this year. Here’s the reason why we think otherwise. “The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”…

July 28, 2018 rummy

Don’t miss the opportunity to witness the beauty of this home. Open House tomorrow, July 29th at 1PM-3PM located at 9 Woodland Road Bedford, NY 10506. ​For inquiries: 914.920.2299 www.nyreex.com For more details: https://bit.ly/2JcbdYV   www.NYREEX.com

July 27, 2018 rummy

In the ever competitive world of real estate, the measure of the effectiveness of a marketing strategy is an average of different things. For instance, the cost of your marketing material, how long does it take for you to actually sell your inventory, the amount of effort you have to put in and a few more that I would like to discuss with you in detail on our future posts. The term “the end justifies the means” does not apply at all in this industry anymore. With this in mind, I like to introduce you to Customer-centric Marketing Strategy. Focus…

July 26, 2018 rummy

Many can’t help but worry that we may be on the verge of another housing bubble. Believe it or not, despite what statistics may seem, experts say that we shouldn’t be too concerned about an impending housing bust. Here are four key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates Housing Affordability 1. HOME PRICES There is no doubt that home prices have reached 2006 levels in many markets across the country. However, after more than a decade, home prices should be much higher based on inflation alone. Last week, CoreLogic reported that, “The inflation-adjusted U.S. median sale price in…

July 20, 2018 rummy

Everyone is bound to retire at some point, and everyone wants to spend their retirement days comfortably and securely. What most don’t know is that investing a portion of one’s retirement fund to real estate will provide more yield and let one get the most out of the fruit of their life’s work. Ultimately, the goal of most individuals when they retire is to live a comfortable lifestyle while drawing from their retirement accounts. This is where the self-directed retirement account comes into play. This retirement vehicle allows accountholders the ability to own investment real estate within their retirement account….

July 6, 2018 rummy

So you decided to take a leap and join the real estate industry. You have an idea of what it’s about but want to know more about the day to day activities and routine of a real estate agent. Let’s dig in a little deeper find out more. Many successful real estate agents have an assistant or office manager to assist with the day-to-day activities, allowing the salesperson or broker to focus on more direct revenue-generating activities. You’re Not Just Selling Homes, You’re Selling Yourself  Attracting clients is crucial to a real estate agent’s success. Below are some tips to…

July 5, 2018 rummy

Overall price, initial cash out, monthly amortization etc. are the things we look out for in buying a home. A lot of these may seem higher than it used to last year, but what most do not know is that it is lower compared to how it used to way back. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the interest rate on the mortgage used to purchase it. Today, mortgage interest rates stand at about 4.5%. The average annual mortgage interest rate from…

July 3, 2018 rummy

In the early times, selling may be defined simply as “the process of handing over something in exchange for money.” Nowadays, with technology upping the ante with marketing and promotional media platforms, and payment methods and terms adding to the already complicated ordeal. Selling your home can be quite a process. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed a buyer’s behavior during the home buying process. According to the National Association of Realtors” 2018 Home Buyer & Seller Generational Trends Report, the…

June 29, 2018 rummy

One of the biggest traps a seller can fall into is confusing features vs. benefits. Often when selling a product or service, sellers merely present a list of features–and that’s simply not enough to make a sale. Both features and benefits are equally important for effective advertising copy, but at the end of the day, it will be the benefits that give you the best advantages for converting customers. One common mistake real estate professionals (and salespeople in a variety of industries) make is focusing too hard on selling the house, and not enough on selling a solution to the…

June 28, 2018 rummy

There has been a lot of talk regarding when the next recession could be, we all remember that the housing crisis in 2008 caused the last recession. Is there a likelihood of that repeating itself? Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report revealed the possible timing of the next recession: That timing concurs…