LRE® Blog

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July 2, 2012

Brokers Get a Bad Rap. Why?

Courtesy of: Frederick Peters, President of Warburg Realty Partnership This afternoon, while listening to the beautiful Tchaikovsky E-flat minor quartet in a converted barn in Falls Village, CT, my mind wandered to the question of why I want to run a residential real estate company. There are of course a number of reasons: the money isn’t bad (especially when we are on top of our market), the satisfaction is considerable. But considering that I work much of every day all week all year (and yes, I am writing this blog post on Sunday night, now listening to Schubert piano sonatas on CD) there has to be something more to it than that. And what I came up with, in addition to the pleasure I have written about before in this column, advising people regarding such an important life decision, is my acute desire to rehabilitate our reputation. The best agents combine the many skills of a trained therapist, a top notch investment banker, and a financial planner/accountant. So why aren’t we perceived that way?

January 28, 2011

Fit for the Board

Courtesy of Frederick Peters, President of Warburg Realty Last week I wrote about the advantages of living in a co-op. This week I want to say more about the process of becoming a co-op owner. Buyers at every financial level feel trepidation about assembling a strong, coherent Board package which they must submit to the building’s Board of Directors for approval, and in my opinion many agents do not give enough guidance. So below I have put together a number of tips for making sure your Board package, whatever the specifics, is clear, concise, and doesn’t leave you tearing your hair out:

January 21, 2011

Eastern Massachusetts High End Market Activity

Courtesy of Mark Lipplot, Senior Vice President of Hammond Residential Single-Family House Sales September, 2010 was the first month of the year when closed single-family sales over $1 million did NOT exceed the year before. Of concern is the fact that similar declines also occurred in October and December. Last month 127 single-family homes conveyed in Eastern Massachusetts (excluding the Cape and Islands and towns west of Worcester County) priced over $1 million and this was 8 fewer than the same month last year -- a 6% decline. The good news, however, is that December 2010 was well ahead of the same month in 2008 (74 sales) and 2007 (76 sales). The market for million dollar houses is still in recovery, but we remain very far off the peak levels of a few years ago.

January 13, 2011

First Impressions Count – Especially When it Comes to Selling Property

Courtesy of Jenna Brossman of Del Realty CORONADO, CA – In a real estate market flooded with homes competing for buyers’ attentions, sellers can no longer afford to overlook the exterior appeal of their homes. In fact, according to a Gallop survey, quality landscaping can add anywhere from 7 to fifteen percent to a home’s value. Additionally, 82 percent of practitioners polled in a Real Estate Agent Community Trends survey said that buyers who were unimpressed with a house’s curb appeal often wouldn’t even consider looking inside.

January 12, 2011

Eichardt’s Private Hotel Sells to Australian-Based Investment Company

       The multi-award-winning Eichardt’s Private Hotel in Queenstown has been bought by a privately-held investment group based in Melbourne, Australia. The Imperium Capital Group has a range of businesses within its portfolio including a number in the hospitality and leisure sector. The sale, which was brokered by Terry Spice of Luxury Real Estate New Zealand was a result of an international marketing campaign which drew strong interest both domestically and from offshore. Christchurch-born Managing Director of Imperium Capital Group, Andrew Cox, said they were passionate business operators looking forward to continuing to build the Eichardt’s brand and existing luxury services, and working with other luxury partners in Queenstown. “This purchase was a strategic investment in an iconic brand in tourism in New Zealand,” he said. “We’re open to looking at other acquisition opportunities in the country now we’ve made this first step.” Mr. Cox said management at Eichardt’s Private Hotel would remain the same and stressed that the company was dedicated to the staff, the community, and retaining and building upon Eichardt’s standing as an iconic destination on the Queenstown waterfront.

January 12, 2011

The View From Here - A Message From Michael Saunders

Dear Friends: It was neither the best year ever, nor the worst. Still, 2010 was one of the most satisfying in the company's history. That's because we knew going in that 2010, with all its carry-over economic woes from 2009, would test our mettle. Each agent would have to redouble the efforts that helped them achieve nearly $1.2 billion in sales in 2009. An amazing feat, considering it was accomplished in the worst financial climate since the Great Depression.

December 17, 2010

Success of the 9th Edition of the Millionaire Fair in Amsterdam

The 9th edition of the Millionaire Fair (Miljonair Fair), held in Amsterdam between the 9th and the 13th of this month, has proved to be a total success, with a record number of visitors and sales. Over 53.000 people attended the exhibition of luxury items and the media turnout was also high: more that 400 Dutch and international television and radio stations, magazines, newspapers and internet sites broadcast news of the event as it took place.

November 22, 2010

Tradewinds Realty Welcomes Denise Beairs to Their Team

Submitted by Tradewinds Realty, Inc. Denise's approach to real estate is one of integrity and honesty first, with a full dose of enthusiasm and passion. Working with investors of multi-residential properties or finding the discerning investors the perfect dream home has been the main focus of Denise's career!

November 15, 2010

The Estin Report: 3rd Quarter 2010 Aspen Snowmass Real Estate

                           The Estin Report: 3rd Quarter 2010 Aspen Snowmass Real Estate By Tim Estin mba, gri | | Broker Associate |Mason Morse Real Estate - Aspen This report encompasses real estate sales activity and statistics for the upper Roaring Fork Valley comprised of two distinct areas: 1) Aspen, Woody Creek and Old Snowmass; 2) Snowmass Village. Property types included are single family homes, condos, townhomes, duplexes and vacant land, all sold prices over $250,000. Fractionals are not included. The report compares this quarter's activity to the prior quarter, to the prior year's quarter and year-to-date 3Q10 to last year-to-date 3Q09. The source data is the Aspen/Glenwwood MLS.

November 12, 2010

Spain to have the Longest High-Speed Rail Network in Europe

Courtesy of Kirsty Bryson of Luxury Homes by VAPF The President of the Valencia Region of Spain, Mr. Francisco Camps, said that the launch of the new high speed railway this December, linking the Spanish capital Madrid to the coastal city of Valencia, and the construction of the Mediterranean Corridor will multiply wealth expectations and competitiveness in the tourism sector. Mr. Camps expressed these words during the presentation of the Global Strategic Plan of Tourism of Valencia for the next ten years, which will reach 27 million tourists.
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