Tag Archives: Bedford NY Luxury Homes

Bedford Inn Co-Owner, Actor Richard Gere Tops News This Week | Bedford NY Homes

Here are some of this week’s top stories in Bedford.

  • Hollywood actor Richard Gere, owner of the Bedford Post Inn, and Jeremy McMillan, chef of the inn’s Farmhouse, joined a battle between East and West coast chefs to raise funds for Citymeals-on-Wheels, a group that provides meals for homebound elderly New Yorkers.
  • On Wednesday, the Fox Lane High School graduated as the Class of 2013.
  • The Bedford Police Department is trying to find outwho threw a balloon filled with an unknown object out of a moving car and into the windshield of a school bus last week.

 

Bedford Inn Co-Owner, Actor Richard Gere Tops News This Week | The Bedford Daily Voice.

Bedford Set As Filming Location For Robert Durst Documentary | Bedford NY Real Estate

A scene for an upcoming documentary based on the story of Scarsdale’s Robert Durst and his wife—who was last seen getting on a train in Bedford 30 years ago—will be shot in Bedford Hills on April 13, the Journal News reported.

The documentary comes from filmmaker Marc Smerling, who co-wrote the screenplay for the 2010 movie based on Durst’s life called “All Good Things.” Smerling talked to Durst after the release of that movie, the report said.

Smerling told the Bedford Town Board last week in an application for the filming permit it was a conversation that rekindled his passion for the story.

The film will revisit a mystery tale that began on Jan. 31, 1982, after Durst said he put his wife, Katie Durst, on a train to Manhattan and never saw her again, the Journal News said.

The police investigation was reopened in 2000 after Durst moved to Texas. Soon after, Durst’s friend Susan Berman—who police wanted to speak to in regards to the case—was fatally shot in Los Angeles.

Durst would eventually be arrested in 2001 for the murder of his neighbor Morris Black, telling police he shot his neighbor accidentally and proceeded to dismember him in a panic. After being acquitted for murder but arrested for the dismemberment and gun possession.

 

Bedford Set As Filming Location For Robert Durst Documentary | The Bedford Daily Voice.

Annual St. Patrick’s Carnival, Raffle Begins In Bedford | Bedford Real Estate

 

Festivities will include arcade-style games, new rides, home-cooked carnival favorites and outdoor grills.Photo Credit: Provided

BEDFORD, N.Y. – The Carnival at St. Patrick’s Parochial School in Bedford Village continues its 40-year tradition this week, culminating in a grand prize raffle for a 2013 Mercedes-Benz C300 4Matic or $25,000 in cash.

The event begins Tuesday night and runs through Sunday. Admission is free.

Carnival grounds are located on the big green lawn of St. Patrick’s school at Route 22 and Greenwich Road. Parking is free at the church and surrounding areas of Bedford Town Park and Bedford Elementary School.

Raffle tickets are $100; 1,000 tickets will be sold.

Always starting the Tuesday after Mother’s Day, the carnival draws thousands of families from Northern Westchester, Putnam County and nearby Fairfield County.

The event is run by church volunteers. All money raised from the raffle will be used for educational and charitable ministries of the parish.

Festivities will include arcade-style games, new rides, home-cooked carnival favorites and outdoor grills. On Saturday and Sunday, one bracelet lets you ride all afternoon for a single price

 

Annual St. Patrick’s Carnival, Raffle Begins In Bedford | The Bedford Daily Voice.

MY MARKETING PLAN IS BETTER THAN YOURS | Bedford Realtor

Is it?

Do you feel you offer a better marketing strategy than the next Realtor?  

You do?  Good!  

Now, can people easily see that on your site? Uh-oh, this is where most agents are getting tripped up.

While perusing a fantastic Google+ community page called Photography for Real Estate, I stumbled upon an excellent video pitting “other” Realtor’s images compared to what the Connie Barnes’ team is producing.  Rather than just telling you how genius I think this video is, please watch it.

After watching this and being floored, not only by the presentation of the video, but the content contained therein, I knew I had to interview Connie and her team.  It’s not just about the plethora of comparison videos she has, but also her marketing centric posts like this one on the iPhone and this one explaining their team’s marketing plan.  They are front and center, fully transparent, and showing the world why they are the best in their local area.    Check out her numbers below.

Connie Barnes Business

 

Also, after visiting her site www.conniebarnes.com, look at her website traffic and you will quickly see how having such compelling marketing can lead to $48 million in sales.

Remember, your website isn’t here there to draw people in from the web, it’s also there to provide reassurance to clients you have already met and continue to tell your story long after you left their house.

Website Traffic

I wanted to dive deeper into Connie’s marketing plan, motivation behind her site structure, and how she started off on her path of marketing transparency.

After watching the interview,  if you have any questions for Connie or her team, please post them to theirGoogle+ page!

I know this interview is quite long, but worth all 15 minutes. Enjoy!

 

 

http://techsavvyagent.com

 

Case-Shiller Price Index | Bedford NY Real Estate

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 price index.

 

  • Case-Shiller data show that U.S. house prices rose 9.3 percent and 8.6 percent for the 20- and 10-city indexes, respectively, for the 12 months ending in February 2013, according to their repeat-sales house price index. The NAR median price rose by more than the Case-Shiller data, showing an 11.3 percent gain for the same 12-month period.
  • NAR reports the median price of all existing homes that have sold in the given time period while Case-Shiller’s weighted repeat-sales index only compares price changes among homes for which there is a previous sale, examining the difference in price for property-pairs only. Also, because Case-Shiller data relies on public records, the data reported for February 2013 is actually a moving average of sales from December 2012, January 2013, and February 2013. Because home sales among higher priced properties have been growing more than among lower price tiers and because the Case-Shiller report factors in older data in this market of rapid price growth the NAR median is outpacing the Case-Shiller index.
  • While the NAR median price does not measure change in price for the same properties, it can be computed much more quickly than a weighted repeat sales index, thus information is available sooner, and as can be seen in the chart below comparing several price measures, the trends in the data tend to be similar, so the NAR median price is a valuable early indicator of other housing price data.
  • NAR’s median home price for the 12 months ending March 2013 showed a gain of 11.8 percent, suggesting that further increases, likely in the double-digit range, will be seen in the Case-Shiller data next month. By comparison, CoreLogic’s HPI showed double-digit gains as early as February.
  • By city, Phoenix, Las Vegas, and Atlanta have the best price growth records in the last year and while the Atlanta area saw no change in price from January to February, the other two cities also top the monthly growth list.

 

http://economistsoutlook.blogs.realtor.org/2013/04/30

How to Buy and Sell a Home at the Same Time | Bedford NY Real Estate

 

BUy & Sell4

Now that the real estate market is picking up again, many people are looking to sell their homes at last. But when you sell, you have to move somewhere — which usually means buying another home. Buying and selling at the same time brings up a whole new set of challenges, but those who plan well in advance can make it happen smoothly.

Here are five ways to successfully buy and sell a home at the same time.

1. Prepare to be stressed

Buying a home is stressful. Selling a home is stressful. When you do both at the same time, the experience is super stressful, not to mention emotional and difficult on many levels. You’re potentially carrying two mortgages or trying to time the purchase with the sale. There will be a lot of sleepless nights, worrying over finances and pressure to make a decision. It’s enough to ignite a family war.

Accepting upfront that this process will be extremely stressful will help in the long run. Know that most homeowners go through this, and there is success at the end of the long, dark tunnel. Plan everything as much as possible in advance. Do your homework. And take care of yourself. You’re going to be busier than usual.

2. Meet with your agent early on

Owners often believe their home is worth less than what the current market will bear. That’s why it’s important to meet with your real estate agent early on, even months before you plan to buy or sell. Researching online valuation tools or doing basic research will help to guide you. But a local agent will help you understand your home’s true current market value and marketability. A good agent is in the trenches daily and knows your neighborhood and market inside and out.

3. Learn the market where you want to purchase

After getting some hard numbers for your home’s sale you need to do the same on the purchase side. What’s on your wish list?  What are your priorities? Determine your needs and understand what you will get for your money on the purchase side. You need to know this to factor in how financing will work with the buy/sell. Also, understand that market. Is it more or less competitive than where you live now? How long can you expect to search for a home? This will factor into your sale timing. If you’re moving within the city or town where you live, your listing agent will likely serve as your buying agent. If you’re moving just outside your area, you may need to ask your agent to refer you to an agent knowledgeable about that area.

4. Know your numbers

Once you understand the numbers on both the purchase and the sale, you need to know your financing options. Many people today don’t have a strong-enough financial foundation to purchase another home before selling their own, so knowing this upfront can help you plan more appropriately.

Engage a local mortgage broker or lender and understand what kind of down payment you’ll need to make a purchase, given the price point and type of home you seek to buy. How much equity do you have in your current home, and is the equity available? Do you have enough of a down payment liquid and would a lender allow you to make the purchase before selling the home? Find out by going through the loan pre-approval process. A good, local mortgage professional is as valuable as a good real estate agent.

5. Make a plan

Now that you know your numbers, it’s time to come up with a plan and execute. The plan can vary greatly, depending upon any number of conditions. Some examples:

  • Buying in a competitive market? Adding a contingency that your current home must sell before you buy probably won’t work.
  • Selling in a competitive market? You may be able to negotiate with the buyer for a longer escrow or even a rent back. This would buy you time on the purchase side.
  • Selling in a slow market and buying in a competitive market? Need the sales proceeds in order to do the purchase? Unfortunately, you’re in the worst-case scenario. Consider the option of selling your home first and moving into temporary housing. While not the most physically convenient, it could be less stressful.
  • Need temporary housing? Start researching those options now well in advance.

 

http://www.zillowblog.com/2013-05-03

Economic Super Bowl Day 1: Weak Data | Bedford NY Homes

We’re at the start of a furious three-day sprint of data.

All around the world we’re getting jobs reports, manufacturing reports, and central bank activity.

So how’s it going so far? Pretty bad.

Last night for example we got an ugly Korean export report. Korean exports are considered a key barometer of global trade, so that’s bad news. Chinese PMI also came in below expectations, adding to the Asian economic woes. Also, Australian manufacturing hit its lowest levels since the recession.

Europe is mostly closed today (May Day) but there was ugly data in the UK and Ireland. Ireland, which is a “bright spot” saw its PMI drop big, and miss expectations. UK PMI also ame in sub-50.

Finally in the US, the data has been bad to meh. The ADP jobs report was a big whiff. Construction spending registered a big fall. The only good news is that ISM modestly beat expectations, but even this is kind of not fair, since expectations have come dramatically down in the last few days

Foster a Culture of Gratitude | Bedford NY Realtor

In the movie Remember the Titans, Coach Herman Boone takes his high school football team to the battleground of Gettysburg. Having inherited a fractured and divided squad, Coach Boone implores the players to “take a lesson from the dead. If we don’t come together, right now on this hallowed ground, we too will be destroyed, just like they were.” Coach Boone then establishes the primacy of an important team virtue: “I don’t care if you like each other right now, but you will respect each other.”

In every workplace and on every team, all people have the innate desire to feel appreciated and valued by others. Like Coach Boone, leaders of teams — and team members themselves — should work to foster a culture of value and appreciation.

High performing teams have well-defined goals, systems of accountability, clear roles and responsibilities, and open communication. Just as importantly, teams that foster cohesion with a sense of appreciation and gratitude among the team members maximize performance on a number of dimensions. Jon R. Katzenbach and Douglas K. Smith, authors of the Wisdom of Teams, define a high-performing team in part by members’ strong personal commitment to the growth and success of each team member and of the team as a whole.

Research on gratitude and appreciation demonstrates that when employees feel valued, they have high job satisfaction, are willing to work longer hours, engage in productive relationships with co-workers and supervisors, are motivated to do their best, and work towards achieving the company’s goals. Google, which sits atop many best-places-to-work lists, fosters feelings of employee value through an open culture that promotes employee input, routinely rewards and recognizes performance, and encourages personal growth. In a recent interview, CEO Larry Page stated, “My job as a leader is to make sure everybody in the company has great opportunities, and that they feel they’re having a meaningful impact and are contributing to the good of society.”

And consider the consequences of not fostering a culture of gratitude: A study of over 1,700 employees conducted in 2012 by the American Psychological Association (APA) indicated that more than half of all employees intended to search for new jobs because they felt underappreciated and undervalued.

Several recent articles point out the importance of saying “thank you” and giving specific praise to employees when earned in genuine, honest, and heartfelt ways. Mark Gaston’s blog on How to Give a Meaningful Thank-you is full of great advice such as sharing with employees how their contributions had personal significance for the leader and team.
In addition to these very important gestures of thanks, recent research suggests that a leader can enhance a culture of gratitude in the following ways.

  1. Help others develop. Interestingly, the APA study indicated that 70% of employees feel valued at work when they have opportunities for growth and development. While promotion opportunities within companies may sometimes be limited, you can still invest in team members’ professional development through training, assignment to new and interesting projects, participation on task forces, and exposure to new and interesting different areas through cross-training. Employees frequently have skills that extend beyond the position for which the company hired them. Additionally, they typically grow their skills over time. Leveraging these broad skill sets can lead to greater engagement and satisfaction.
  2. Involve employees. Team members feel valued when they have an opportunity to take part in decision-making, problem-solving, and to use their skills to benefit the organization. A 2012 study by the Society of Human Resource Management (SHRM) showed the importance of employees’ opportunities to use skills and abilities, with 63% of respondents listing the ability to use their skills as the top driver of their job satisfaction.
  3. Support camaraderie and collegiality. I conducted a study many years ago on the positive benefits of friendship in the workplace. Camaraderie in the workplace can lead to greater job satisfaction and commitment to the organization and doing a job well. Leaders should foster collegiality, help to eliminate toxic and dysfunctional team behaviors, and create opportunities for team members other than on work projects. At Google, the games/toys the company provides allow for entertaining and informal interactions among colleagues. These positive and fun feelings carry over when the colleagues work on projects together. The SHRM study in 2012 found employees’ relationships with their co-workers was the second highest factor related to their connection and commitment to the organization. Team leaders may also consider using social contracts, explicit agreements on how team members interact, to help shape positive behaviors within their teams.

Taking the time and effort to create a culture that values and appreciates the diversity and similarity within a team can reap great rewards in terms of performance and satisfaction of the entire team. At the end of the day, this principle is really very simple: we all want to feel valued and appreciated. So, in addition to overt recognition to employees, use a variety of ways to build a culture of gratitude.

Sales of New Homes in U.S. Climb 1.5% to 417,000 Rate | Bedford NY Homes

Purchases of new U.S. homes rose in March, capping the best quarter for the industry since 2008 and providing more evidence the housing recovery will be sustained.

Sales of single-family properties climbed 1.5 percent last month to a 417,000 annual pace from a 411,000 rate in February, Commerce Department figures showed today in Washington. The median estimate of 76 economists surveyed by Bloomberg called for March sales to rise to 416,000.

Sales of New Homes in U.S. Climbed 1.5% to 417,000 Rate in March

Sales of New Homes in U.S. Climbed 1.5% to 417,000 Rate in March

David Paul Morris/Bloomberg

A dearth of existing properties is encouraging builders to undertake new projects that will keep fueling the economy.

A dearth of existing properties is encouraging builders to undertake new projects that will keep fueling the economy. Photographer: David Paul Morris/Bloomberg

A dearth of existing properties is encouraging builders to undertake new projects that will keep fueling the economy. Mortgage rates close to record lows, higher home values and rising household formation are helping lay the groundwork for increased buyer traffic in 2013.

“The housing sector continues to be the bright spot for the economy,” said Ward McCarthy, chief financial economist at Jefferies LLC in New York, who projected a 418,000 pace of home purchases. “Inventories are light, which means that builders are going to keeping building.”

Home sales averaged a 424,000 annual rate in the first three months of this year, the strongest since the third quarter of 2008.

Stocks maintained gains after the figures and as earnings from Travelers Cos. to Netflix Inc. beat estimates. The Standard & Poor’s 500 Index rose 0.8 percent to 1,575.29 at 10:18 a.m. in New York.

Economists’ estimates ranged from a March sales rate of 395,000 to 435,000. February was previously reported at a 411,000 annual rate.

Rising Prices

New-home purchases were 17.6 percent higher in March than the same period in 2012 on an unadjusted basis, today’s report showed. The median price of a new home climbed 3 percent last month from a year ago to $247,000.

Purchases increased in two of four regions in March, with a 20.6 percent gain in the Northeast and a 19.4 percent advance in the South. Sales decreased 20.9 percent in the West and 12.1 percent in the Midwest.

Builders are responding to increased demand by making more homes available. There were 153,000 new houses on the market at the end of March, the most since November 2011. At the current sales rate, the supply would last 4.4 months, the same as in February.

Housing Starts

Housing starts climbed to a 1.04 million annual rate, the fastest since June 2008, the Commerce Department said last week.

At the same time, builder optimism has faded, reflecting higher costs for raw materials, limited developed land and tight credit conditions. The National Association of Home Builders/Wells Fargo index of builder confidence fell this month to its lowest level since October, data showed April 15.

Builders were still more optimistic about the future, with a gauge of their sales outlook for the next six months increasing to the highest level since 2007.

Mortgage rates hovering near record lows and a healing job market may keep providing a spark for the industry. The average rate for a 30-year fixed mortgage fell to 3.41 percent in the week ended April 18, the third consecutive drop, according to Freddie Mac. The rate slid to an all-time low of 3.31 percent in November.

Existing Homes

Figures out yesterday from the National Association of Realtors showed previously owned homes sold at a 4.92 million rate in March, down from a 4.95 million pace the previous month.

A lack of inventory of more affordable existing properties has driven up the cost of such homes, making newly-constructed units more attractive to potential buyers. The NAR report showed the median price of an existing home rose 11.8 percent, the most since November 2005, to $184,300 last month from a year earlier.

Sales of new homes are considered a timelier barometer than purchases of previously owned dwellings, which are calculated when a contract closes. Newly constructed houses accounted for about 7 percent of the residential market in 2012, down more than 15 percent before the 2007-2009 recession began.

The strength in housing is spreading to other parts of the economy.

“The majority of the data still points to a robust and sustainable recovery,” Christopher Connor, chief executive officer of Sherwin-Williams Co. (SHW), said during an April 18 earnings call. “Our sales results in the first quarter support that conclusion.”

Sales at the Cleveland-based company, the largest U.S. paint retailer, rose 1.4 percent in the first quarter from a year earlier to reach a record $2.17 billion.