Daily Archives: October 26, 2012

Becoming a Paperless Real Estate Agent – Embracing the Digital Lifestyle | North Salem NY Real estate

The paperless revolution has started! We live in a world that’s abundant with so many tools and apps that the thought of going paperless has at least crossed your mind, right?

Inman Ambassador, and Phoenix-based real estate agent Kerry Melcher, and I recently had a Q&A to pin down some of the important points. It may even make you reconsider ditching your day planner.

Kerry Melcher

Tell us about yourself Kerry.
I’m a third generation Phoenix REALTOR and a native to Phoenix.  I’m married to a native and we are raising two small natives.  My practice is devoted to midtown Phoenix and is all referral.  I’ve been a REALTOR for 26 years.  In the past 6-7 years I’ve become a very active volunteer in the REALTOR world and that has changed who I am and has brought me some of my closest professional and personal friends.  I really love being a real estate agent – I grew up around REALTORS and bullpens and MLS books and microfiche.  It’s not uncommon for me to say (and truly mean) I love the smell of a realtor! Good, bad, part-time or full – those are my people.

When did you decide it was time to ditch the paper?
Having children was the beginning – I needed to manufacture more hours in my day and that seemed an obvious place to find those.  The iPhone was the real turning point.  I got an iPhone about six months after the first came out and became instantly convinced that it could help me eliminate paper when it came to contract signing and transaction management.

Why did you decide to become a paperless agent?
Practically: file management with paper is not as precise and takes an enormous amount of additional time beyond the production of documents.  I am vastly more organized than i was when swimming in paper.  I must have owned 6 printers when I moved away from paper.  Eliminating the hours of research I would put into a new printer was a savings but getting away from the ink cartel was life altering (dramatic I know but I’m a realtor and paper was everything before).

Impractically: I love technology that can enhance performance and make life easier and I really love an excuse to find and use that technology.  I’m a little geekish and I think finding and using tools is fun and it turns me on.

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What were the first tools you got that helped you get started?
The iPhone is where i started getting away from paper contracts.  The iPad is and was the giant printer killer for me.  The iPad is 90% a work tool for me.  The iPhone is practically a limb – please never let me choose between it and another one of my favorite limbs.

What was the transition like? Where did you start?
It wasn’t a big process.  I started trying applications for signing and practiced on school permission slips until I found the right one.  Once I found one that was nearly foolproof I used it on my next contract.  App research to use was less than two weeks.  After that it forced me to figure out storage and file management.

What challenges did you/do you face with being  paperless.
The biggest thing is really just changing your workflow but it so quickly pays off that it’s easy to let that momentum carry you to the next transaction and solve the next problem.

What are you clients’ reaction?
Some clients are at first intimidated or bothered by their signature – not a lot of hurdles really.  I’ve taken more than one client to the apple store after our transaction to buy an iPad.

Have you seen a change in your productivity as a real estate agent?
It makes me much more efficient.  I could not do all the volunteering and the caring for my husband and kids in the manner which I do without being paperless in my business.  I always thought I was an unorganized person – and it’s not my strength but I’m feel super human when it comes to my files now.

What apps are at the top of your list right now?

Have you embraced being paperless as an agent? How was the transition? Do you have some favorite apps that you use? Leave a comment below! We would love to know.

Distressed Sales Reach Record Low | Pound Ridge NY Real Estate

A continuing slide in the volume of distressed properties seen in the housing market is helping to boost home prices in many parts of the country. Meanwhile, uncertainty about the impact of next month’s national elections appears to be causing some would-be homebuyers to delay taking any action until after November, according to the October HousingPulse survey  of real estate agents.

The survey found that one major reason behind the rise in home prices is a fairly sharp drop in the share of distressed properties found in recent home sales.

The HousingPulse Distressed Property Index (DPI), which tracks the proportion of home purchase transactions involving distressed properties, fell to a record low of 38.6 percent in September based on a three-month moving average. This was the fifth month in a row that the DPI has fallen, and is now down more than 10 percentage points from the near-record-high 48.7 percent DPI level recorded in February of this year.

The precipitous drop in the share of distressed properties in the housing market is largely attributable to fewer foreclosed properties or real estate owned (REO) being put up for sale by banks. HousingPulse respondents reported in October that major banks appear to be keeping many REO properties off the market this year. But they also suggest banks may be looking to unload significant amounts of REO next year – a move that could put downward pressure on home prices.

In addition to the standard monthly questions about housing market conditions, HousingPulse respondents were asked in this month’s survey whether the upcoming national elections were having any impact on the housing market in their area. Interestingly, the results were mixed.

A number of agents reported that home sales had slowed in September and October as many homebuyers were taking a wait-and-see attitude about the elections. “We are seeing middle-to-high-income buyers pausing due to the upcoming elections. We hear it daily,” reported an agent in Georgia. “It [the election] is having a negative effect on home sales in our market. Everyone is waiting to see who gets elected in November,” added an agent in Pennsylvania.

But other agents reported the upcoming presidential election was actually spurring some home purchases by buyers concerned that mortgage interest rates would rise after November. “Many of my clients are worried about interest rates rising after the election and feel they may be artificially held down by the current administration,” noted an agent in Virginia. “I think now people are in a hurry before the election and not knowing what the future will hold after the elections,” added an agent in New York.