Tag Archives: Chappaqua NY Homes for Sale

Chappaqua NY Homes for Sale

The Realtor’s 3 Step Guide to Managing Online Reputation | Chappaqua NY Real Estate

The Realtor’s 3 Step Guide to Managing Online Reputation

I thought this was a nice infographic from our friends at DooID.  We talk a lot about your online reputation on Tech Savvy and the things you need to do to stay on top of it, so this graphic falls right into place here.

Here are the three steps they recommend to get started.

1. Define Your Personal Brand

2. Build Your Online Identity

3. Monitor Your Reputation

Check out the graphic below to see the tools you can use to successfully manage your reputation.

Get over your real estate trauma | Chappaqua Realtor

Editor’s note: This is the first of a two-part series.

Every day, more and more Americans click into a decidedly post-recession state of mind. Whether or not they’re still unemployed or upside-down, ever-increasing numbers of us have grown tired of being down and depressed and decided to do whatever it takes to get back on our feet and back into the flow of life — it’s so short, after all.

Fortunately, the real estate market seems to be flowing in that same direction: Millions of Americans have seen their underwater mortgages dry out this year, due to nothing more than increased buyer demand, which, in turn, increased home values. But millions more still owe more than their homes are worth — and many more than that are still dealing with the financial and emotional trauma of struggling to make the mortgage payment, tussling with their banks over loan modification requests, a past foreclosure or short sale, or even recession-created fears around buying a home, or selling and locking in losses.

Here’s the deal: The more you fear or focus on this trauma, the more it becomes a major influence on your decisions and your life. So, how can you extinguish it altogether? Here are some strategies:

1. Focus on what you are for, not on what you are against. We often create what we fear, largely out of our panic and paralysis around the topic. So, if you constantly worry about losing your home, being upside-down and whether your home’s value will ever recover, you are simply more likely to get and stay in these situations. Anxiety will cause you to spend more than you should, or to perform poorly at work, snowballing into high credit card bills or an interruption in income.

It’s a small mindset tweak, but a powerful one, to focus instead on what you want to have happen — or, as “Three Simple Steps” author Trevor Blake puts it, what you are for.

If you are for being debt-free, you might be inspired to start a small business and be your own bailout. If you are for getting out from underwater, you might decide to aggressively pursue the loan modification options, or to rent out an extra room on Airbnb to fund extra payments to reduce your mortgage principal.

I’m not saying these are the things you have to do to create the situations you want — I’m simply suggesting what I know from personal experience, which is that if you focus on what you are for, then you are much more likely to see that happen than when all of your time, energy and emotion is fixated on the things you hope don’t happen.

2. Metabolize the trauma. I believe that everything we do — every endeavor we make, every decision, no matter how painful or joyous the outcome — is a success. We are either successful at what we were trying to accomplish, or the experience is a successful education. But when we have painful experiences, it’s difficult to get free from the pain and move on until we can appreciate the successful education that the experience holds.

In order to let go of the trauma you might still have from things that happened around your mortgage or your home, you might find it helpful to work with the image Dr. Henry Cloud creates in his book “Necessary Endings”: the image of metabolizing the experience.

When we eat food, we metabolize it, holding onto the elements that are nourishing and beneficial and eliminating the rest. You can do the same thing with experiences like losing a home to foreclosure or short sale, or being upside-down on your mortgage: Take some quiet time to be real with yourself and identify what learnings you can cull from all the decisions and events that led to your real estate trauma.

Once you do that, you can almost have a ceremony of sorts where you simply declare to yourself that you’ve got what you needed from the experience, and you’re ready to let the rest go. It might sound new age-y, but even the most wizened business execs and hardened military strategists will tell you that learning and letting go of past failures and disappointments so you can fight the next battle are essential ingredients of resilience, and that resilience is a prerequisite for long-term success.

Next week, I’ll provide you with three more strategies for letting go of your real estate baggage.

Agents: Do not be afraid to set yourself on fire | Chappaqua NY Real Estate

“Success isn’t a result of spontaneous combustion. You have to set yourself on fire.”

That’s a quote by Arnold H. Glasow I came across years ago that always stayed with me.

I speak with agents almost every day. Selling real estate is a tough business.

Between navigating the shifting expectations from buyers and sellers, building your brand presence online and trying to keep up with all the shiny new tech and social media tools in our space, pushing yourself to innovate your business and experiment with your marketing strategies can be daunting.

That’s why HomeFinder.com set out to find some of the most creative agents across the country who blaze their own trails and find success using digital marketing across YouTube, Instagram, Blogging, Facebook and Single Property Websites. For these agents, success meant actual sales, marketing credibility and lasting client relationships.

We put their stories together in this free E-book, Five Agent Success Stories – Close More Business Using Digital Marketing.

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Five Agent Success Stories – Close More Business Using Digital Marketing

In each story, you’ll learn:

  • How that agent uses that specific marketing channel or tactic in his/her business
  • Detailed success stories that led to a sale
  • Advice to get started or recharge your past or current efforts

Here’s a sneak peek and a few excerpts from one of our fire-starters – Kendyl Young.

Kendyl is an agent with Teles Properties in Glendale, CA. She has produced videos for her business for three years and has more than 146 videos on her YouTube channel for her listings and neighborhoods.

Kendyl constantly gets into situations in which she knocks on someone’s door or
sees someone out at a restaurant and they recognize her from her videos. One such instance happened at a pizza place, where a fellow patron instantly recognized her.

This man watched her market report videos and said he’d always wanted to meet her because of them. He thought she was very smart and would always forward her videos to his
friends who were interested in real estate.

By using YouTube like this, Kendyl made invaluable inroads to this potential client’s insular community without ever having met him or any of his friends.

“It’s made me realize my videos have far more reach than I would have thought,” she said.

A few of Kendyl’s YouTube tips:

  • Resist the temptation to turn on your smartphone and shoot whatever comes to mind and post.
  • Watch as many real estate videos as you can. Note what you like and what you don’t.
  • If you are not willing to learn how to make good videos yourself, find a professional. Everything you put out there is a reflection of the quality of your business.
  • Good sound is more important than good visual.

Kendyl’s story continues in this E-book, along with four others.

Take a cue from these agents who have already tried and succeeded. Learn, borrow, adapt.

And don’t forget to keep those matches handy.

Home Warranties Take Some of the Worry out of Home Buying | Chappaqua Homes fo Sale

If you buy a silk blouse and the sleeve falls off after just one wearing, you’re likely to get your money back — or at least an exchange — from the retailer who sold it.

If you buy a house and the furnace stops working two weeks after you move in, you’re out of luck — unless you purchased or received a home warranty.

Two products — the home warranty and the builder warranty — can take some of the worry out of buying or selling a home. These warranties typically insure appliances and major systems in a home, whether it’s new or just new to you.

Builder warranties

Most builder warranties cover a new home’s materials and workmanship for one to two years, with coverage that lasts up to 10 years on major structural elements.

Rules vary from state to state, but generally these warranties only apply to the sale of a new home from the person or company that constructed it, to a new owner-occupant. Your state attorney general’s office can help you determine whether your builder is offering all the warranties required by state law.

Home warranties

A homeowner who gets a builder warranty with the purchase of his new home may also opt to add another layer of coverage by purchasing a home warranty. Additionally, home warranties can provide protection for those buying older homes. Home warranties generally cannot be purchased for mixed-use properties or mobile homes.

A basic one-year warranty can cost as little as $200 and will generally cover plumbing, heating and some appliances. The price of a warranty will increase as additional items and coverages — such as a swimming pool, washing machine or garage door opener — are added.

Home warranties may be purchased by sellers, who often add them to their closing costs, but they may also be purchased by buyers. Some real estate agents will give buyers a home warranty as a gift at closing.

Home warranties are not the same as homeowners insurance. Insurance protects against perils including fire, hail, property crimes and certain types of water damage. A home warranty does not cover these perils but, rather, covers specific components of the home.

A home warranty is a contract between a homeowner and a home warranty company that provides for discounted repair and replacement service on named items. When something that is covered by a home warranty breaks down, the homeowner calls the home warranty company, which dispatches one of its contracted service providers to examine the problem. If the necessary repair or replacement is covered by the warranty, the homeowner only pays a small service fee (in addition to the money already spent to purchase the warranty), and the service provider completes the work.

If you’re thinking about purchasing a home warranty, do your homework. Shop around for the coverage and pricing that best fits your needs. Ask the warranty company:

  • What is covered?
  • What is excluded from coverage?
  • When does coverage begin? Some companies provide coverage on closing day, while others don’t take effect for two weeks to a month.
  • How long does coverage last?
  • What is the claim-filing process?
  • Is there a cost to file a claim?

Knowing your warranty options and doing your research ahead of time can provide peace of mind when moving into your new home.

Tory Burch’s Hamptons Mansion Sells at Deep Discount | Chappaqua Real Estate

Source: Wikicommons

Eleven million may sound like a lot of money, but for a South Hampton waterfront mansion, it’s spare change.

Tory Burch’s home has finally sold after a series of price cuts, and it represents a steep loss: The apparel, shoe and handbag designer bought the home in the wake of her divorce for $22.5 million.

The deeply discounted selling price not only hurts Burch, but according to the NY Post, it hasn’t made some of her neighbors too happy either. The waterfront estate is located at 2080 Meadow Ln, Southhampton, NY 11968, a prestigious area that is home to big names like David Koch, Calvin Klein, Janna Bullock and Rachael Ray.

A source told the New York Post:

Everyone in the neighborhood is staggered that she sold it at such a low price. It has sparked a lot of worry if this will affect the market and their own homes, but also a lot of speculation as to why she sold it off so cheaply.”

The home did have water damage from burst pipes, and Curbed called the home a “tear-down,” but $11 million for the property, in an area where homes sell for $30 to $50 million, still has the neighbors concerned.

Fitch Raises Housing Forecasts for 2012 and 2013 | Chappaqua NY Real Estate

Year-over-year gains for single-family starts and new home sales have been sustaining the momentum of earlier this year and new homes and existing home sales have also been advancing. Year-to-date U.S. housing metrics are well above 2011 levels, according to Fitch Ratings.

Fitch has again raised its housing forecasts for 2012, but the ratings service still assumes a moderate rise off a very low bottom. Fitch projects single-family housing starts to improve about 19 percent, new home sales to rise approximately 19.5 percent and existing home sales to grow 8.5 percent in 2012.

Sales growth will be somewhat less robust next year, according to the rating service. 2013 single family-starts should expand 14 percent while new home sales grow 13 percent. Existing home sales should increase 4.5 percent.

“The major public builders generally realized much stronger results y-o-y in the first half and gained market share. On average net new orders were up 30.2 perce t. The unit backlog typically improved 41.3% (48.2 percent on a dollar basis). The implied price in backlog grew 5.4 percent (more from mix than overt price increases)” Fitch said in its Chalk Line report.

“The housing recovery had been long delayed, and has so far been somewhat irregular and below historic patterns… With the U.S. economy moving from recession to expansion in the third quarter of 2009, plus very attractive housing affordability and government incentives, housing was jump-started. However, faltering consumer confidence, among other issues, had largely restrained the recovery. New home sales and single-family starts retested the bottom during the summer of 2010 and in February 2011,” Fitch said.

“Challenges remain, including continued relatively high levels of delinquencies, potential of acceleration in foreclosures, and consequent meaningful distressed sales and restrictive credit qualification standards,” Fitch noted.

Both Fannie Mae and Freddie Mac are more optimistic in their forecasts.  Fannie sees new home sales increasing 20.2 percent this year and another 17.9 percent next year, and existing homes rising to 7.8 percent by the end of this year and 3.9 percent next year.

Freddie’s economists see total home sales up 8.9 percent this year and 8.1 percent next year, with starts up 22.9 percent in 2012 and another 21.3 percent next year.