Category Archives: Chappaqua
January existing-home sales up slightly on tight inventory | Chappaqua Real Estate
US economy still in intensive care | Mt Kisco Real Estate
11 Must Haves for a Responsive Real Estate Website | Chappaqua NY Realtor
Prices are Popping Out All Over | Armonk NY Homes
How long has it been since you heard the words “sold at a premium over asking price?” For the past six years, sales prices ended up somewhere south list prices by at least five percent. Now, in the markets where the recovery is hottest, sellers are increasingly experiencing multiple bid scenarios and buyers are pre-empting the competition with offers over list price that stir up memories of the boom years.
Last month 13 percent of all Realtors participating in the National Association of Realtors’ Realtors’ Confidence Index reported they had at least one sale above the asking price in the previous month. The percentage rose slightly from December, the first month that NAR asked its members about sales at a premium above asking price. Realtors reported some 12 percent reported sales with prices above list price.
According to Pro-Teck Valuation Service’s Home Value Forecast, median sales prices have overtaken list prices in at least one market, San Francisco, and are close to doing so in Sacramento and Seattle.
Reports from Realtors across the country confirm that sales at a premium over asking price are still very unusual and limited to hottest markets.
“This is pretty normal in the San Francisco Bay Area. The shortage of inventory and the fact that there are so many potential buyers leads to multiple offers. I wrote one last week where there were 14 offers on a home. The seller would not consider any offers until the home had been on the market for 5 days. We came in third on that one, where we wrote just $20,000 above list price,” reports a Bay area local broker.
Offers over list price can backfire, according to Elizabeth Weintraub of Sacramento. “An overpriced offer is especially a huge problem on a Sacramento short sale. Let me illustrate for you. Say, a home is listed at $200,000, and the comparable sales over the past 3 months justify a price of $195,000. With the way the seller’s market is moving in Sacramento, $200,000 is a reasonable price 60 to 90 days later when the approval is likely to be received. Along comes Mary Home Buyer who offers $220,000. If the seller accepts that offer, it’s a long shot that it will appraise by Mary’s lender.
“So, down the road, we get the approval letter from the bank at $220,000. Mary’s lender’s appraiser comes in at $200,000. We then go back to the bank, and maybe there are two lenders so now we have to ask 2 banks to adjust their approval letter. The primary lender refuses. Nope, that bank wants $220,000. The bank might feel we can put it back on the market and find a cash buyer for $220,000, some cash buyer who won’t rely on an appraisal. The deal blows up.,” she said.
Another measure of the changing market environment is foot traffic, which is now recorded and reported by Sentrilock, the lock box company. The diffusion index for foot traffic in September traffic fell sharply in hitting 46.0 from 70.3 in August recovered to 66.9 by January, despite the weather and time of year.
NAR reported this past week that sales this spring are likely to be even stronger than last, when they were typically brisk. This month’s reading suggests fundamentals are in place to support a good season as record low mortgage rates and steadily improving job creation continue to boost buyer confidence. Though inventories are constrained in portions of the U.S., rising prices will help to unlock inventory held off market by underwater owners and equity-strapped fence sitters.
PR people! Here are 5 ways to make tech reporters like you more | Chappaqua NY Realtor
Editor’s note: This is a guest post by Ed Zitron, the founder of EZPR, an east coast USA media relations firm focusing on consumer tech startups. He has been published by Forbes, The Wall Street Journal, Eurogamer, PC Gamer and PC Zone. His book, This Is How You Pitch: How To Kick Ass In Your First Years In PR, will be released in late Spring 2013.
PR is not a crazy methodological nightmare. There is no artistry. There is no grand secrecy. There is no black magic. It is not a complex mystery that needs unravelling. It is predominantly common sense mixed with knowledge, and an absence of one or both of these things has made our entire industry rather despised.
The truth is that it’s not that difficult to be good at the job. It just requires the smallest bit of dedication and interest. Oh, and common sense.
1. Talk like a human being in your pitches.
Leverage. Tech-savvy. Curating. Phenomenon. These are a few randomly-picked words that will make someone’s brain stop mid-sentence. In fact, just read a pitch and imagine you’re talking to a 12-year-old who might care a little about what you’re doing but owes you nothing. That’s about the attention span you can expect from a blogger or reporter who is getting 300-500 emails a day.
You get one shot if you’re lucky enough to even get your email opened, and if they’re reading your stuff and it comes out as a mangled car-crash of buzzwords, they’ll delete it. And then you are gone. That’s the best case scenario. The worst is that they now hate you. Which they might if you’ve sent 8 paragraphs about crowdsourcing.
Just say what your thing does. Is it a global on-demand crowd testing solution for small businesses to categorize potential customers’ engagement? Say it’s a way for small businesses to find out how interested their customers are.
2. Nothing You Have Is Amazing – Relish It
It’s one thing to be passionate about what you’re working on, it’s another thing to describe it in messianic terms and claim it’s amazing, revolutionary, magical or anything else that Jonny Ive would say. In fact, most likely it isn’t even that impressive. And that’s fine! Reporters will hate you for needless hyperbole, and will appreciate it if you’re matter-of-fact with what makes your product special.
Most likely your ad-based-analytics-for-marketers-with-funny-hair isn’t going to be making Walt Mossberg hot under the collar, but hey, maybe there’s a burgeoning industry there that’s worth talking about. Perhaps said analytics found something interesting. Or perhaps you’re truly the first to do it. If you can make a case in plain English, maybe you’ll stand a chance.
3. 175 words or less.
The horrible truth of your beautifully-crafted email is that it’s destined to be ignored. If you’re read, you probably have 10-30 seconds at best – so you need to keep it really, REALLY short. Make it so that if they skim-read it, they’ll get the just of what you’re doing without having to dig. You want comprehension. You do not need to tell the life story of the client. The client may think their life story is very interesting, but most likely the reporter does not.
Communicate the essentials – “It’s a thing that does X. It’s interesting because Y. It is live on Z. Need anything else?” That’s it.
Oh and never, ever, ever copy-paste the entire press release afterwards.
4. Read a lot more than you already do.
A lot of reporters’ casual advice is to read what they write before you pitch them. That’s great but a generalization. To really do this job properly and make them not hate you, you should read them. I mean all the time. I mean make it your job to go through the archives a bit. Even if you’re skimming what they’ve done, at least know what their history is. Know them. Read their Twitter. I’m not saying to stalk them, but know more than the first page of what you get when you click their name.
Here’s a really basic one: The Next Web has people all over the US, and all over the world. Your basic PR read-one-page-and-pitch might end up sending Matt Brian an invite to an amazing event… in New York, when he’s based near London. Not to say Matt wouldn’t be kind enough to send it over to Harrison Weber, who is based in New York, but there’s also a chance that Matt would get your pitch at 4pm EST, which is 9pm in London. Perhaps Matt has already left for the day. Your email will now be pushed down the ethereal trail of his emails into the darkness of obscurity, doomed to possibly not be read.
And as an aside, if a reporter writes a big fat piece on an overall subject, like payments processors or crowd-funding or venture-backed companies in France or what-have-you, don’t immediately pitch them your product. They took their time to research that and they most likely won’t be returning to it any time soon.
5. Don’t call them unless you’re asked to.
I know Cision has however many hundreds of thousands of phone numbers of reporters, but don’t call any of them. Don’t call them ever. Don’t call them unless they say “call me” and then give you a number. No, I know you sent them an email. No, I know you didn’t get a response to it. No, I know they didn’t respond to your follow-up. Don’t call them. No, I know your boss said to call them, don’t do it. Don’t.
99% of the time they will wish your telephone would break forever. In the same way you do not want a telemarketer calling you and talking to you about a timeshare, they do not want to hear about your social mobile what-have-you in a somehow more-annoying way than an email.
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You may read some of these and say “huh, that’s so obvious,” and then smirk knowingly. If these are all things that you abide by, congratulations! There’re many, many hundreds of “PR Pros” who don’t, judging by what reporters have told me. And I’ll occasionally get sent a 5-paragraph giga-flop of text, resplendent with meaningless buzz and a 6-line HTML signature.
In the end, self-education is the key. To be better we must be inquisitive, thoughtful and knowledgable before anything else.
Image credit: Thinkstock
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Real Estate Marketing Insider Lists 3 Traits of Great Blogs | Mt Kisco Realtor
The Real Estate Marketing Insider‘s Tobias Nergarden continued his weekly “Top 3” series with a list of three traits that help make an effective, high-traffic blog. The list was prompted by an analysis of twenty real estate blogs that are updated regularly.
One of the best methods for real estate sales marketing in an internet-driven market is to create an engaging, easy-to-read blog. Blogs are often neglected and dismissed by realtors as a waste of time and mental energy, but the statistics show otherwise. Small businesses that keep regularly-updated blogs receive 50 percent or more hits on their websites than businesses that don’t. And as Joe Heath of Reality Biz News pointed out this week, those hits can become real home sales and commissions in a hurry. This week, Heath published a list of 20 real estate blogs that are regularly updated and easy to read, as a model for realtors who want to start or improve their own blogs.
Heath’s list is a great starting point, but for realtors who want to take a blog from good to great and increase their traffic, REMI has put together a set of three traits that these highly effective blogs have in common:
- Regularly updated. This is a no-brainer. People will only return to a website or a blog to see content they haven’t already seen. As REMI has said before, the content does not have to be linked to real estate all of the time.
Easy to Locate. This is a multi-part task involving a clear blog name comprising both the target market’s city and some variant on “home” or “real estate”. This can include a short, easily-remembered URL, and ideally, individual posts tagged and search-engine optimized, that can appear on simple searches for “real estate.” A simple, attractive format. Most free blog hosts like WordPress or Tumblr have ready-made blog formats specifically designed so that they’re easy to read and have an attractive color scheme that doesn’t hurt the eyes. If it’s not broken, don’t fix it – choose a ready-made template and worry about making the content the centerpiece of the blog. The Real Estate Marketing Insider publishes a “Top 3” feature that focuses on traits of successful, high-traffic real estate blogs. REMI recommends that blogs be updated regularly, be easy to find online, and have a presentation format that is simple and non-distracting.
About the Real Estate Marketing Insider:
The Real Estate Marketing Insider brings the real estate industry breaking news, insider information, and analysis. Based in La Jolla, Calif., the online journal caters to real estate professionals and clients alike.







