Category Archives: Waccabuc NY

Accuracy of Zillow, Trulia listing data under fire again | Waccabuc Real Estate

<a href="<a href=Home search image via Shutterstock.

Editor’s note: This story has been updated with comments from Zillow and Trulia, and additional details on ZipRealty’s study of listings accuracy.

Following in the footsteps of Redfin, ZipRealty Inc. is emphasizing the timeliness and accuracy of the Internet Data Exchange (IDX) listing data it serves up on its website in comparison to the sometimes dated and incomplete information on third-party listing portals like Zillow and Trulia.

ZipRealty is offering a “Listing Check” tool that it says will allow consumers to use its website to double-check whether a home they’ve seen listed for sale on another site is actually for sale.

The Listing Check tool is available in 34 markets where ZipRealty has access to IDX listings. The company operates as a brokerage in 19 markets, and is also able to display IDX listings in 15 other “Powered by Zip” markets where it provides leads and customer relationship management tools to other brokerages.

Websites operated by real estate brokerages and agents receive listings directly from multiple listing services, which provide IDX listing feeds to members. The feeds include all listings represented by participating brokerages in a given market.

Thanks to its ties to the National Association of Realtors, Realtor.com gets listings directly from most of the nation’s more than 900 MLSs.

10 Tips from Literature to Turn Your Blog into a Masterwork | Pound Ridge Realtor

There are three parts to a really great blog post. Thinking, writing and editing.

10 Tips from Literature to Turn Your Blog into a Masterwork

Thinking” is where you need to start if you want to write that article. Thinking abhors a vacuum. The inspiration has to come from reading journeys that stir the neurons and stimulate the emotions.

Stephen King said. “If you want to be a writer, you must do two things above all others: read a lot and write a lot.”

Writing” is doing the work. Putting pen to paper and fingers to the keyboard.

Maugham reckoned another, deeper truth: that by performing the mundane physical act of sitting down and starting to work, he set in motion a mysterious but infallible sequence of events that would produce inspiration, as surely as if the goddess had synchronized her watch with his. He knew if he built it, she would come.

So strap yourself in, turn off the social networks, close down your email and start the mundane action.

Editing” is both painful and joyful.

It involves wrangling the words and phrases into shape so that it says what you mean and means what you say. Removal and banishment of visible thoughts is the art of editing.

It was William Faulkner who said, “In writing, you must kill your darlings.

You gave birth to them and your emotional investment is high. You have become attached.

So take some advice from the best writers about thinking, writing and editing your blog.

Think

“Writing is thinking on paper” – William Zinsser, Author of “On Writing Well”

1. People who think well write well. 

The tall, slim and elegant original Mad Man, David Ogilvy, famously said, “Wooly minded people write woolly minded memos, woolly letters and woolly speeches.” And of course, nowadays they write woolly blogs and woolly content as well. Take some time to research, plan and think about what you will write.

2. Write what you know … or what you want to know

Forget the rule “write about what you know”. Instead, write about what you’d like to know, or what you need to know to succeed.  English author Michael Morpurgo recommends seeking out an area of expertise that will enhance your understanding of the world and write about that. Blogging is a perfect opportunity to learn all the things you’ve ever wanted to know. The world is a big place and there are a lot of people out there wondering the same things as you.

3. Write what you’d like to read

“If you wouldn’t read it why would anyone else?”  –  Hilary Mantel

If you blog about something you would love read chances are you will find readers who feel the same. Best to write only when you have something to say because if you wouldn’t read it, neither will they.

Write

“Write. Put one word after another. Find the right word. Put it down.” –  Neil Gaiman

 4. Get on with it

British Author Helen Simpson is typical of many established writers. The only rule she follows is a quote scribbled on a post it note stuck to her computer. It says  “Faire et se taire” which Google translates as ‘Be silent and do’.  Simpson interprets it as “Just shut up and get on with it.”

5. Trust the Gush

“Don’t look back until you’ve written an entire draft” – Will Self

Like the girl in the scary urban legend, if you look back you might see something to make you panic. While it may not be your boyfriend’s head on a stick, the inexorable dread of reviewing what you have just written can be just as frightening.

Welsh writer Sarah Waters describes it as a  “bowel-curdling terror”, as she contemplates  “the drivel on the screen and sees beyond it, in quick succession, the derisive reviews, the friends’ embarrassment, the failing career, the dwindling income, the repossessed house, the divorce . . “

This from a famous and respected writer…. Don’t look back.

6. Be Unique. Be a real person

“Each of you is an original. Each of you has a distinctive voice. When you find it, your story will be told. You will be heard” – John Grisham

Finding your own voice is an ongoing quest for most writers.  That means letting go of the edge and discarding the beige voice prized by business, government and academic institutions. William Zinsser calls it “standing out among the robots”.  In this case the robots are the content mills and bloggers churning out posts that nobody wants to read.

7. Go to the movies

“Don’t tell me the moon is shining; show me the glint of light on broken glass”. – Anton Chekhov

Readers understand much better when they can “see” what you are talking about; it’s called painting a word picture.  Bloggers can learn from the movies.  Novelist Rose Tremain suggests using cinema as a guide to being economic with descriptions, using telling (rather than lifeless) detail and dialogue that people would actually speak. Think cinematically.

8. Talk to a friend

Jonathan Franzen imagines chatting to a friend as he taps his novels on his keyboard. James Patterson takes it a step further. He imagines a friend who looks ready to get up at any moment and only the intrigue of the story is keeping him there.  Every sentence counts.

 Edit

“Editing is everything. Cut until you can cut no more. What is left often springs to life.” – Esther Freud

That friend can stay only until the editing process. Zadie Smith recommends saying goodbye quickly, figuratively replacing her with a stranger, or even better with an enemy, to read the work with the most critical eye possible.

 9. Cut out the boring parts and delete unnecessary words

“I try to leave out the parts that people skip.”   Elmore Leonard

Vigorous writing is concise. Avoid redundant words and flowery phrases. As a first step remove every “very”, “actually” and “extremely”.  Remove any part that you know readers will want to skip.

10. Don’t be afraid to change your mind

“Good ideas are often murdered by better ones.” Roddy Doyle

Sometimes what you are really writing about only becomes apparent after you start writing. Roddy Doyle was working on a novel about a band called the Partitions. Then he decided to call them The Commitments.

 The final word on this blog post goes to G.K Chesterton, known during his heyday in early 20th CenturyBritain as a man of “colossal genius”.

“I owe my success to having listened respectfully to the very best advice, and then going away and doing the exact opposite.

 

Guest Author: Margaret Pincus works in digital communications and also teaches writing/journalism at Griffith University. She blogs at bloghappy.com.au 

 

 

Want to learn how to create great content for your blog?

My book – “Blogging the Smart Way – How to Create and Market a Killer Blog with Social Media” – will show you how.

It is now available to download. I show you how to create and build a blog that rocks and grow tribes, fans and followers on social networks such as Twitter and Facebook. It also includes dozens of tips to create contagious content that begs to be shared and tempts people to link to your website and blog.

I also reveal the tactics I used to grow my Twitter followers to over 139,000.

Download and read it now.

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Pay off mortgage with lower-rate HELOC? | South Salem NY Real Estate

DEAR BENNY: I have about $40,000 left on my 15-year fixed mortgage at 4 percent interest. I owe about $13,000 on a home equity line that is 2.99 percent variable rate. I have a $100,000 equity line open. I have no other debt. I am considering paying off my remaining mortgage with the lower-interest home equity line. Do you think that is a good idea since I am giving up a fixed rate for a variable rate? I would pay both off in about three years. Also, if I close out my mortgage, can I still declare the interest on my taxes from the home equity line? –Wade

DEAR WADE: In general, I am always reluctant to advise readers to switch from a fixed interest rate to a variable one. I am old enough to remember when mortgage interest rates soared to 18 percent.

However, this is a personal decision for everyone, depending on your own financial situation. In Wade’s case, he will be paying off $40,000 at a current low rate, and because he has a home equity loan (called HELOC) of $100,000, if push comes to shove he will still have borrowing capability should he need cash to make the required mortgage payment on the new loan.

Wade, if you have other cash — just in case — then I think it makes sense for you to use your home equity loan to pay off your existing mortgage loan.

Home prices take biggest leap in 7 years | Waccabuc Real Estate

National home prices in January were up 9.7 percent from a year ago, the biggest annual increase since April 2006, according to data aggregator CoreLogic’s home price index.

The index, which tracks repeat sales of single-family homes, rose 0.7 percent in January from December, marking the 11th consecutive month of month-over-month increases.

“Home prices continued to gather steam across a broad swath of the country in January, continuing the positive trend we saw during most of 2012,” said Anand Nallathambi, president and CEO of CoreLogic, in a statement.

“Many states across the western U.S. and along the East Coast saw average price gains of more than 6 percent, which is likely to boost home sale activity into the first half of 2013,” Nallathambi said.

All U.S. states but Delaware (-0.1 percent) and Illinois (-0.4 percent) saw year-over-year increases in January, according to the index.

Arizona (20.1 percent), Nevada (17.4 percent), Idaho (14.9 percent), California (14.1 percent) and Hawaii (14 percent) topped the chart of states with home price increases in January from a year ago.

Elliman.com Releases Fort Lauderdale market report | Waccabuc Realtor

We have just released “The Elliman Report: Fort Lauderdale 4Q 2012,” the most comprehensive and timely analysis of the Fort Lauderdale housing market available. The report provides analysis of the overall, luxury and waterfront market trends by property type.  It is produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available.

 

The Fort Lauderdale housing market continued to show year-over-year gains in housing prices and number of sales. While price trends for the overall and luxury condo markets outperformed their single family counterpart, single family sales out performed condo sales.  The average time to market a luxury property that closed in the quarter slowed as older lagging listing inventory was worked off by the increase in sales activity. While we are encouraged by the gains seen throughout 2012, we anticipate more improvement throughout 2013. 

 

As housing conditions change in South Florida, we strive to present our clients with timely insights on the markets we cover. In a region where housing markets are often mischaracterized and misunderstood, we firmly believe that neutral market analysis is one of the best resources we can offer to enable our clients to make more informed decisions. Douglas Elliman is firmly committed to providing information and services to meet our clients’ needs.  Explore our full market report series covering south Florida including Miami, Boca Raton, Fort Lauderdale and Palm Beach at  http://www.ellimanflorida.com/market-reports/

New syndication platform focused on high-end listings | Waccabuc Real Estate

Brokers and agents who want to promote their listings on several high-end real estate websites have a new option — Listing-Feed.com.

Currently partnered with the Wall Street Journal, the New York Times and the Boston Globe, Listing-Feed.com automatically syndicates subscribers’ listings to its partner sites, directly from their multiple listing service (MLS) feeds.

Instead of having to manually upload listings and establish a billing relationship with each site, subscribers pay a flat monthly fee to Listing-Feed.com, which taps into the subscriber’s MLS feed and automatically pulls data on pricey homes and sends it on to the selected partner sites.

The service, which costs agents $149 per month to distribute an unlimited number of listings to the three sites, is planning to announce two more high-end distribution partners soon, said Listing-Feed.com founder and owner Jeremiah Poljacik.


Jeremiah Poljacik

The service is available to brokers, too, who can pay $649 per month to syndicate an unlimited number of listings from an unlimited number of agents.

Listing-Feed.com is a cheaper, simpler option for agents who want to advertise their listings on the firm’s partner sites, Poljacik said. By negotiating bulk contracts, the syndication platform offers agents access to these sites at a discounted rate, especially if they have lots of listings they want to place.

Know your appliances’ operating costs | Waccabuc Real Estate

Kill A Watt EZ image via p3international.com.Kill A Watt EZ image via p3international.com.

Needless to say, there’s nothing better than finding a way to save a little bit of money on your electric bill. And the first step in doing that is knowing where your electricity goes each month. Once you know all of the places, large and small, where electricity is being used, and possibly wasted, you can take some steps to change things. If electricity is being wasted, you can call a qualified electrician from heroservices.com to mend it.

That’s where the Kill A Watt EZ comes in. This clever little device lets you read and understand the electrical usage of a variety of 120-volt electrical appliances and other devices around your home in real time, so you know specifically how much power they’re using, and how much money — in real dollars and cents — they’re costing you to operate.

Now you can accurately assess if those “phantom” electronics like phone chargers and unused TVs are costing you money, or if replacing that old clunker of a refrigerator will show a return on your investment.

Kill A Watts are available for around $25 through many home centers and other retailers, as well as online through places like Amazon.com. Some utility companies also have them available for a free loan to their customers.

Just plug it in and set your rate

The Kill A Watt is really simple to operate, and requires little more than plugging it in. Here’s how it works:

First, select an appliance or other device that you’d like to monitor, let’s say your refrigerator. Plug the Kill A Watt into a wall outlet, then plug your refrigerator into the grounded receptacle on the front of the Kill A Watt unit. (You’ll want to be able to read the screen on the Kill A Watt, so in the case of a refrigerator, where the outlet is behind the appliance, you may need to use a short grounded extension cord to make things more convenient.)

Press and hold the Reset key to clear the old settings, then press and hold the Set key until “Rate” appears in the screen. This is a feature I really like , since it allows you to set your actual electrical rate, I am thankful to elicon who install our electrical instruments and guide us, so you know the readings you’re seeing are accurate. You can get the rate you’re paying for electricity off your utility bill, or by calling your utility company. Simply press the up and down arrows to enter the rate per kilowatt hour. For example, if your utility is charging 10.5 cents per kilowatt-hour (kwh), press the buttons until the display reads $0.105, then press Set again. The rate is now saved. That’s it!

Measurement options

Now you have lots of options for understanding how much electricity the refrigerator is using. For example, the Kill A Watt will begin an elapsed time clock, and will begin tracking actual cost. So at any given time, you can look at the clock, then press Menu, scroll through to Cost, and see the actual cost of electricity that the refrigerator has consumed during that period of time.

Also under Cost is a simple projection, which I found very handy. By pressing the Up and Down keys, you can cycle through Hour, Day, Week, Month and Year, and Kill A Watt will give you an accurate projection of how much electricity — in actual dollars and cents — your refrigerator is going to use over that selected time period.

The display will also show you the actual kilowatt-hours being consumed by the appliance. That’s another way of determining cost, by looking at the actual electrical usage over a given period of time, then multiplying it by the cost you’re paying per kilowatt-hour. Other display options include the exact voltage and wattage being used, as well as the frequency.

How does this information help?

So now that you have the information, what do you do with it? For one thing, you can decide which appliances might need replacement. Replacing an old refrigerator with a new Energy Star model, for example, can save $100, $200 or even more each year in electrical costs, so the payback might be shorter than you think.

Another place this is helpful is with what are known as “phantom” electronics — things that are using power, even when you think they aren’t. Some examples include phone chargers, DVD players, microwaves, answering machines, TVs, and many other electronics. By testing them with Kill A Watt, you can see what’s using power even when you think it isn’t, and then consider shutting it off by plugging it into a convenient power strip that shuts several devices off at once.

Another simple formula

Without the Kill A Watt, there’s another way that you can calculate the cost of the power used by an electrical appliance or other device, using the following formula:

Watts x hours of use ÷ 1,000 x cost per kwh = cost of operation

For example, let’s say you want to know how much it costs to operate four light fixtures that each have two 60-watt light bulbs in them. The fixtures are on eight hours a day, and electricity in your area costs 10.5 cents per kwh.

4 lights x 2 bulbs each x 60 watts each = 480 total watts

480 watts x 8 hours = 3,840 watt-hours ÷ 1,000 (to convert to kwh) = 3.84 kwh x 0.105 = approximately 40 cents to operate those four fixtures for eight hours.

How about your furnace? Let’s say you have a 15 kW (15,000 watt) electric furnace that cycles on and off during the day. You estimate that it’s on for a total of six hours out of any 24-hour period during the winter.

15,000 watts x 6 hours ÷ 1,000 x 0.105 = $9.45 to run the furnace for those six hours.

Home Prices Expected to Rise at least 3.3 Percent Annually though 2017 | Pound Ridge Homes

Home Prices Expected to Rise at least 3.3 Percent Annually though 2017

The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and  2014 until settling down to 3.3 percent annual increases  over the next three years according to Fiserv, a financial services technology provider using data from the Federal Housing Finance Agency (FHFA).

Both home prices and home sales volumes increased steadily last year, making 2012 the first positive year for both prices and sales since the housing market crash, excluding gains induced by the home buyer tax credits in 2009 and 2010.

“Although some recent real estate activity has been speculative, it seems as if buyers have more realistic expectations about housing market returns after having lived through the largest housing market crash in U.S. history”

“2012 was the first year since 1997 that the housing market has resembled something recognizable as normal. For the past 15 years, home price changes and sales volumes have either been boosted by a bubble mentality or crushed by crash psychology,” said David Stiff, chief economist, Fiserv. “Back in 1997, housing prices grew 3 percent, just below the 5 percent long-term average rate of appreciation. From 1998 to 2006, prices appreciated at levels above 5 percent, with double-digit price increases in many of those years. Then, after 2006, the market collapsed as euphoria turned to panic. It took until the end of 2011 before housing markets finally started to stabilize. The latest Case-Shiller results show a return to a historically normal pace of price appreciation in the last year.”

The recovery in home prices has been solid and broad-based. At the end of the 2012 third quarter, prices were rising in approximately 62 percent of all U.S. metro areas, compared to 12.5 percent in the same period a year ago. Average U.S. home prices increased 3.6 percent from the third quarter of 2011 to the comparable period of 2012. Many of the metro areas that suffered the most severe declines during the housing market crash enjoyed the highest price increases in that period.

Fiserv Case-Shiller projects that by the end of 2013, home prices will be rising in nearly every metro area in the U.S. Some markets may experience short-term double-digit price jumps that could be partially reversed by price declines as large tranches of bank-owned inventory (REO) are liquidated. In other markets, price appreciation will slowly return to normal rates as home buyers regain confidence that the market has found its footing.

Stiff cautioned that the parallels to previous years should not be overstated. Unlike in 1997, there are millions of homes with delinquent mortgages, in the foreclosure process, or in REO inventories listed for sale or waiting to be sold. But many trends are positive. With both prices and mortgage payments at historic lows relative to income, Fiserv Case-Shiller expects stronger demand for housing, and the sector once again having a positive impact on the economy.

“The number of new housing units being built per household is near a record low. As momentum in the housing market builds, we will see the residential real estate sector once again make large contributions to the economic recovery. If residential investment – which encompasses all direct spending on residential real estate construction and activity – returns to its 1997 level over the next two years, then housing will boost overall economic growth by 0.5 percentage points in 2013 and 2014,” Stiff continued.

“In all of the bubble-crash markets, foreclosures will have a persistent but diminishing drag on price appreciation. Since the timing of the disposition of foreclosed properties can be highly uncertain, we will witness choppy price movements as individual metro markets stabilize. For example, in late 2011, prices in Atlanta dropped sharply because of a substantial jump in REO sales, and it is possible that we will see similar, temporary price declines in other markets as subsiding waves of foreclosed properties buffet these markets. In other markets, investor demand is quickly absorbing listed REO properties, and as a result, foreclosures are no longer pulling home prices downward,” Stiff said/

The Fiserv Case-Shiller Indexes, which include data covering thousands of zip codes, counties, metro areas and state markets, are owned and generated by Fiserv. The historical and forecast home price trend information in this report is calculated with the Fiserv proprietary Case-Shiller indexes, supplemented with data from the FHFA. The historical home price trends highlighted in this release are for the 12-month period that ended September 30, 2012. One-year forecasts are for the 12 months ending on September 30, 2013. The Fiserv Case-Shiller home price forecasts are produced by Fiserv and Moody’s Analytics.