Monthly Archives: June 2012

Steps to Savvy Home Ownership | Dottie Herman Speaks to Author Eric Tyson

Steps to Savvy Home Ownership

 

Purchasing a home is a huge investment.  Expert Dottie Herman, CEO and President of Elliman, recently quipped that it is a process with two hurdles.  “Getting the money to buy is hurdle one, and paying is hurdle two,” she stated.  She and real estate author Eric Tyson offer prospective and current homeowners salient advice to help them avoid some of the other hurdles of home acquisition and ownership. 

 

Be Wary of Solicitors

It may be easy to accept offers that arrive from people with whom a person already does business, but individuals should carefully consider such offers and research competitors to ensure that it is appropriate for the homeowner’s needs.

 

Trust a Financial Expert

Families should hire an professional advisor to provide guidance in evaluating options for investments, savings plans, and home purchases.

 

Carefully Select Your Real Estate Team

In addition to a qualified financial advisor, it is imperative for a prospective homeowner to hire professionals to assist in this major purchase.  An individual can research qualifications for a real estate agent, mortgage broker, and insurance advisor to assure that, in the words of Tyson, he “can evaluate these people and make a good hiring decision.”

 

Reconsider Refinancing

Since most individuals looking into refinancing are doing so in order to maximize finances, it is important to evaluate not only the potential savings from the lower rate but also the cost of the refinancing process itself.  Tyson suggests asking oneself: “How many years is it going to take me to recoup the financing cost, and is this a worthwhile trade-off?”

 

Utilize Electronic Payments

New homeowners and long-time homeowners alike can benefit from taking advantage of having mortgage payments automatically deducted from checking accounts.  This innovation allows individuals to avoid late payments and protect credit scores and interest rates.

 

Create an Emergency Fund

Generally, individuals and families build an emergency-specific savings account equal to their current living expenses for three months.  However, when circumstances are, as Tyson says, “volatile,” families are encouraged to increase this amount of savings to cover six months‘ worth of costs.

 

Invest in Life Insurance

Instead of investing in mortgage insurance, savvy homeowners should purchase a traditional life insurance policy.  Tyson advocates for purchasing a policy large enough to replace the income for the number of years the individual deems necessary.

 

Examine Taxes

Property taxes may be reassessed to reflect current market values.  Tyson states that “sometimes local towns and municipalities get it wrong.”  Homeowners should know their home’s current value and regional market trends and compare those numbers to their assessed property taxes. 

 

Protect Important Documents

Knowledgeable homeowners save the documents related to their home purchase, mortgage, insurance, and major improvements or repairs.  Keep these papers together in a safe place that is easy to remember. 

 

Enjoy the Experience

The process of purchasing a home can be riddled with doubt and anxiety.  Tyson advises potential homeowners to “smell the roses” and practice self-preservation to ensure that at the end of the process, the individual or family is satisfied with not only the home itself but also the journey to get there.

 

Bedford Hills Real Estate | Gmail Users – Stop What You Are Doing and Immediately Unroll.me

End email overload.

Inbox overload

Work email, personal email, spam and newsletter subscriptions can add up quickly.

In fact, on average, we receive 147 emails per day. We delete 71 of them.

It’s the emails that come in day after day, and get deleted day after day, that need to go.

If only there were a better way to mass unsubscribe from emails than by clicking the link at the bottom of each one individually…

Now there is.

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Unroll.me, available to all Gmail users (with more platforms coming soon) set out to make unsubscribing from numerous marketing emails, at once, a breeze.

They pulled it off brilliantly.

Once you grant Unroll.me access to your inbox, they quickly identify the emails suspicious of being sent from an email marketing account, not an individual email account.

Simply press the minus button on all of the emails that you no longer want, hit save and that’s it! Their technology does the rest of the work.

Unroll.me account

Unroll.me also offers a “roll up” option that can take the newsletter subscriptions that you do want to keep and provide them in one daily email at the time of your choosing.

The reason that I love what they have built is because I am already done explaining it.

The smartest and most useful technologies are often those that are:

A. Simple to use

B. Solve a major problem for their users.

Unroll.me accomplishes both.

You can get started now.

Your inbox will thank you.

Bedford NY Real Estate | Are You Getting the Most Bang for Your Buck?

Everyone wants to know if they are optimizing their budget and one of the best ways to find out is to ask your peers. Of course, actually doing that is a pretty time consuming endeavor. That’s why we are stoked ActiveRain did just that.

Back in January ActiveRain surveyed more than 2,000 agents and brokers to find out what software and marketing tools real estate professionals are using in their business and how much they are spending.

What did they find?

  • Social media, SEO, and blogging are the highest areas of participation, but the lowest spend.
  • Direct mail continues as the largest offline marketing channel with very high spend.
  • 26% of agents are spending money with national real estate web sites like Zillow, Trulia and Realtor.
  • The average real estate agent spends $75 per month on their website.
  • 21% of agents are using e-signature services and spending $37 per month.

Check out this infographic to find out more.

Data provided by ActiveRain.com. Join 215,590 Real Estate Agents on the world’s largest Real Estate Social Network.

How does this compare with your budget? Do you plan to make any changes after seeing these figures? Tell us about it in the comment section below.

Pound Ridge NY Homes | Why You Need to Fix Your Facebook Profile Right Now

It’s hard to please 900,000,000 people.

Facebook is learning that the hard way this week.

Recently Facebook changed your default email address for your personal profile to your Facebook email address.

Wait…You didn’t know you had a Facebook email address?  It’s your facebook personal profile username @ facebook.com.  For example:  mine is jimmy.p.mackin@facebook.com.

To make matters worse, they decided to hide your other emails from your friends.

If one of your Facebook friends sends an email to your Facebook email address – it will end up in your Facebook Message inbox.  No big deal right?

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Here is the problem….

If a Facebook friend sends you an email from an email address that’s not set up with Facebook (ex. a work email), it will end up in your “Other Inbox” – the Facebook equivalent of your Spam Inbox.

I recommend that you change your default email address right now.

Here is how:

Step 1 – Click on Update Info on your Facebook Timeline

 

Step 2 – Under your Contact Info > Select Edit

Step 3 – Change your email address to be “Shown on Timeline”

 

I’ll be hosting a webinar this Friday at 1pm EST to cover all of Facebook’s recent changes. Click here to register for my Facebook Webinar 

If you have any questions about how to change your email address, please leave a comment below.

Case-Shiller Price Index | Bedford Corners NY Homes

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses the Case-Shiller home price index.

  • Home prices are rocketing up in Phoenix.  That is according to the Case-Shiller price measurement, which puts prices rising in the desert by 9 percent from one year ago to April.  Based on the strength of month-to-month gains, Phoenix has been notching up 30 percent annualized gains for 4 straight months.
  • Case-Shiller prices for the 20-metro market it covers are up by 0.7 percent for the second straight month.  But because of price declines in the last year, home prices are still down by 1.9 percent from one year ago.  The decline figure has been quickly diminishing because of the upturn in recent months.
  • Aside from Phoenix, there are several other markets with positive price gains from one year ago, including Dallas, Denver, Minneapolis, and Washington, D.C.  Markets like Houston and San Jose are most likely in the clearly positive territory though Case-Shiller does not cover these markets.
  • Note from the graph that price declines have been cataclysmic from 2006 to 2009.  Declines since then, however, have been very modest.  That is why homebuyers who purchased from 2009 on have some of the lowest mortgage default rates of any vintage group and therefore are some of the most successful, though they have little to show for it in terms of housing equity gains.  If home prices continue to trend upward then housing equity will steadily accumulate over time.
  • Case-Shiller is a lagging indicator.  The latest data is as of April, March, and February combined.  The transacted prices would have been negotiated back in November and December of last year.  As we’re already near July, we are just now getting good information on prices of what happened late last year.  Based on recent information on tightening inventory conditions, fewer distressed properties on the market, fewer seriously delinquent mortgages outstanding, and more importantly a rising housing demand, the price conditions will no doubt show even better improvement as we proceed through the year.  In other words, Phoenix could easily show 20 percent or even higher gains by the year end based on recent trends of acute shortage of inventory and multiple bidding in the area.

The Power of LinkedIn Pages! | Chappaqua NY Homes

LinkedIn is typically used for networking among employees, but companies–especially online ones that customers may never interact with face-to-face– are finding that having a LinkedIn presence can help validate their reputation for consumers by establishing credibility and trust. There are over 1.9 million companies with profiles on LinkedIn, and these companies have 100 million professionals following them to get updates, learn of job openings and have advance notice of new products and services.

LinkedIn offers a company page that allows you to centralize business information, controlling the publicly accessible LinkedIn profile for your business. Think of it like a central hub for professional information, with your employees’ personal pages representing spokes of the hub that offer greater insight into your goods and services. There’s a lot to be gained from developing a company page. You can access analytics data that shows what LinkedIn connections are looking at, and how they’re accessing it. Promote your goods and services by showcasing products, campaigns and graphics, and send private message to those in your circle to inform, entertain and connect.

Why Is LinkedIn A Good Resource?

474752493 1c042dd0d8 m The Power of LinkedIn Pages!

Because this information comes from a professional networking service, members view it more positively than something like a Facebook post. Users perceive LinkedIn information as somehow more authoritative because it’s posted on a networking site with a veneer of professionalism, and not on a social media site, where the same information could be construed as marketing or promoting. Additionally, colleagues and connections can write recommendations for you that appear on the company page, showcasing more authority and inspiring more confidence in you than Facebook posts on your Wall. You can pull in an RSS feed from your company blog and a Twitter feed, but here these modules seem more newsy and less social.

Making A Successful LinkedIn Page

256180335 f849247580 300x283 The Power of LinkedIn Pages!An example of a company with a nice profile page is YouSendIt, a tech company that offers document sending and storage via the Internet. The company’s LinkedIn page begins with an overview to introduce the company and its services to people who come across it. LinkedIn automatically pulls in newsy features from other sites, such as TechCrunch, that can help put the user at ease by offering authoritative third-party information about the company in question. Map data shows the street address, and other general information on the company size, type and founding date provide the basic information users need and want to know that can often be buried on the company’s website or missing from social media. The products tab showcases products–in this case, applications and product trials–that can then be recommended by regular LinkedIn users. The Careers tab showcases available job openings, connecting users to positions that may interest them and offering quotes from existing employees on why they’ve chosen YouSendIt. An Insights tab provides analytics data to the company’s administrators, allowing them to see what parts of the company page have been accessed. This provides administrators with real-time data that can be used to improve page functionality.

Additional benefits of creating a company page include higher search engine results, since the page is indexed by search engines and full of SEO-rich data, and access to LinkedIn data of potential new hires. Make smarter decisions about business and hiring, and provide customers with information, authoritative information through LinkedIn.

5 Secrets Behind A Strong B2B Content Marketing Strategy | Armonk NY Homes

In B2B social media, the best results come with great content. With this content, you can showcase expertise and provide helpful insight; you can attract attention and make clients and customers interested in you and your company’s services. Forms, outlets and advice for how to advance content are numerous, though often hard to narrow down and use to formulate a strong content marketing strategy. Here are five of the most useful hidden secrets used to create and ensure great content is shared, liked and remains visible amongst the vast amount of posts and publications within web 2.0.

1. Goals: Have an intention and keep it in mind

It is fairly simple to create great content that has nothing to do with you and your business. This content might be pleasing (maybe even be shared and liked), but it will not get you the professional results you are looking for if it does not advance, intrigue or motivate your target audience. If your content is off topic, your audience will be, too. Entertain your target readers, but be sure you are clear about with whom you are speaking and what you wish to achieve.

Concentrate on content that is somehow related to your field of expertise, but keep in mind that people from your industry will want to establish leadership on similar topics. To combat this, consider taking a slightly uncommon angle or opinion to make you (and your content) more memorable.

Alert: When thinking about topics for your content, also consider where you will publish and push your message. The same audience might consume the same content differently on alternate channels. Getting to know each of your channels and what type of information is best consumed there will help achieve maximum results for each piece of content you produce. The ‘right’ content depends on the knowledge and expertise of your audience, as well as their desires in different places.

2. Provide useful and engaging information

Your content should help you become discovered by being a trustworthy source that continually provides information the audience wants and needs.

Take into account: In the world of web 2.0, the audience has no obligation to read (or finish reading) your content. It is up to you to make them stay with you and read on. The best way to achieve this is to give them something they can utilize – information that resonates with their personal goals, motivates action, entertains, endures and help advances (their) business transactions. The more helpful and engaging your information comes across, the bigger the chance your audience will stay interested.

3. Don’t be a bore

The best information will remain undiscovered if it lacks a certain level of entertainment. Even with content strong enough to inspired the reader to finish the entire piece, they (most often) will only remember a fraction of what you have said. With this reality, we understand the importance of creating content that leaves a lasting impression. Be smart, but be bold – or your content will be buried before it is ever seen.

Have hope: Even the driest and most seemingly serious piece of information can be explained in an entertaining way. With a strong narrative, your story will stimulate the reader – allowing him or her to stay alert and engage with your message. If you are informed while being entertained, are you not inspired to share and then return for more?

4. Make it personal

There is one unique selling proposition that no one can imitate or take away for you: your personality. Keep in mind that even in social media and online networks, people connect to people rather than machines or companies. Personality plays an important role in your social media and content marketing efforts.

In B2B, where business decisions take time, consideration and background information – personality can be the decisive factor for closing an important business deal. The larger the deal, the more time is spent on the decision-making process – thoroughly investigating the company and people involved. In content marketing, high-quality content should communicate a personality which inspires sympathy and trust – the (first, most) important step towards generating lasting connections.

Just think: Even with a stellar product or service, chances are high that someone else offers a service or product that addresses similar problems. Your personality can be the decisive factor to sway your target audience your way. Has a gut feeling, impulse or empathy ever motivate you to make a professional decision?

5. Communication is a two-way street

Content marketing is not about shouting. The goal within content marketing is to connect with your audience. Make it as easy as possible for your audience to get in touch with you. With this in mind – be patient. The first contact will most often not take place via email or telephone; rather, it will happen via comments on article posts, twitter or a news aggregate network.

Include as much contact information (i.e. Twitter, company profile …) as possible in your profile to make it easy for people to connect with you both on and offline. Make it a priority to respond to the people who have taken the time to contact you: this is the first step in forming the valuable connections you need for your business to survive. This is also the foundation for building a following on your social media channels.

Remember: While responding to those who have reached out is of vital importance, a necessary element for establish a healthy dialogue is to listen to the conversations of people who are in – and interested in – your industry. Your responses will be much more effective if it is clear you have been listening before you give feedback.

To sum it up…
If you manage to include at least a fraction of these aspects into your content – you are on the right track. Will time, your audience will guide on you how to get better at addressing the right people with the right content. They will indicate what they like, what they don’t like, what topics they are interested in and what they need from you in order to become a loyal audience member.