Tag Archives: Pound Ridge NY Homes

Pound Ridge NY Homes

Groovy Stone-and-Cedar Pavilion Wants $1.65M | Pound Ridge Real Estate

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Location: Hopewell, N.J.
Price: $1,650,000
The Skinny: A ’70s relic with modernist leanings in Hopewell, New Jersey, has been bouncing on and off the market since 2010. Recently relisted with Keller Williams (no, not that Keller Williams), it’s been reduced in price from $2.75M to $1.65M. The 3,750-square-foot home was designed by architect Philip Collin (no, not that guy), who was trained at Princeton and contributed a spiraling pavilion to the 1964 New York World’s Fair. For this home, built in 1970 and sited on 42 acres, Collin filled in a stone and cedar frame with white walls and large floor-to-ceiling windows. The living room at the center has a wet bar and a sunken seating area—one of those groovy and ill-fated residential relics that are so abhorred they just have to be due for a comeback—and clerestories in the interior walls that keep it and the bedrooms very bright. The carpet and the tile aren’t doing the place any favors, but that’s a pretty simple fix. Also included: a pool, a small guesthouse, and an odd, yellow-green basement.

More photos, this way. >>

10 Signs You Are Ready to Invest | #PoundRidge Real Estate

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When it comes to property investment, timing is everything. Ultimately, choosing the right time to enter the market will have a significant impact on the long-term success of your investment.

But how can you, as an investor, know whether the timing is right? Here are 10 tell-tale signs that now is the time to start building your investment portfolio.

1. You are financially ready. You have saved enough for the down payment and you have also established your emergency fund. You have taken into account home maintenance expenses. Your credit history is good and you are able to meet all the financial obligations.

2. You have set your long-term goals. You have a clear picture in your mind of your investment’s purpose and you are flexible enough to adjust to changing circumstances. You are not hesitant.  When the timing is right, you are able to adapt to the market needs and the development of technologies.

3. You have done your research. You know the neighborhood of your future property well enough to foresee the coming trends and the possible changes in the community. You have researched all the schools in the area as well as the best commuting means.

4. You have chosen a stable economy. The area is financially stable, economic trends are promising and equities are surging. No demographic fluctuation or no irregular variation of population have been recorded in the area.

5. You understand the country’s policies regarding real estate. The policies of the region promote and encourage a positive, innovative environment as well as drive further economic growth. The tax policy in the country is positive for homeowners. Global innovation index is rising in the area.

6. Infrastructure projects are underway and likely to lead to an increase in property values. The infrastructure of the area is being developed with a focus on: transport, energy, solid waste and water management developments.

7. The region is moving toward sustainable development. The region’s awareness of global and local environmental issues is increasing, the demand for eco-friendly homes as well as for sustainable rural and urban development is rising. As more and more people head toward sustainable living, investing in sustainable property will increase its value in the future.

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http://blog.realestatebook.com/2014/09/23/10-signs-you-are-ready-to-invest-in-real-estate/

Fresh mortgage price war breaks out | Pound Ridge Real Estate

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A fresh mortgage price war has broken out with a string of major lenders slashing their rates in recent days.

Metro Bank, Halifax, Barclays, Nationwide Building Society, HSBC, Virgin Money, Skipton Building Society and Norwich and Peterborough Building Society are among those who have sharpened up their ranges.

The tussle for homeowners’ business has seen several lenders once again drop their rates below 3% for people looking for a five-year fixed rate mortgage.

Meanwhile, Virgin Money has taken the unusual step of launching a new range which allows people to fix in for one year longer than the usual five-year deals and protect themselves against the prospect of interest rates rising for a prolonged period.

Virgin’s new six-year fixed rate deals, which are available at the same price as its five-year fixes, include a product available for people with a 30% deposit with a rate of 2.99% and a fee of £995. Alternatively, people can opt to go fee-free and pay a higher rate of 3.59%.

Metro Bank also slashed its five-year fixed rates today. The new products, which carry a fee of £999, include a five-year fix at 2.99% for someone with a 40% deposit and one at 3.79% for a borrower with a 15% deposit to put down.

The announcements came as Norwich and Peterborough Building Society unveiled a 0.20% interest rate reduction on first-time buyer deals.

The society has shaved a fee-free two-year fixed rate deal for people aspiring to get on the property ladder down from 5.19% to 4.99%, as well as chopping product rates for people with 25% and 35% deposits.

 

 

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https://uk.news.yahoo.com/fresh-mortgage-price-war-breaks-124034052.html#5iZUafw

 

Charlotte seeing its homes sell quickly | Pound Ridge Real Estate

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There may be fewer listings on the Charlotte, North Carolina, housing market today than there were a year ago, but what is for sale is selling faster. Closed sales rose nearly 6 percent in July from July of 2013, according to the Charlotte Regional Realtor Association; that, as the inventory of homes for sale fell nearly 5 percent.

“The market is strong, though not everything is selling at the prices the sellers want,” said Bonnie Papandrea, a real estate agent with Wilkinson & Associates Real Estate in Charlotte. “Closer to town, those properties are doing fabulous and getting the price point back to almost 2006.”

 

The median price of a Charlotte-area home that sold in July rose 5.5 percent from a year ago, and sellers are getting on average about 95 percent of their list price. Sellers have been getting a bit more realistic, at least on a national scale, lowering their list prices and negotiating more, according to a report from Redfin, a national brokerage.

Charlotte had been a target of large-scale investors in single-family rental homes, but that demand is easing, especially as home prices rise. Investors need to get bargain-priced homes in order to make the investment work, and there are fewer and fewer distressed homes coming onto the market. There is also more competition in the market.

 

 

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http://finance.yahoo.com/news/charlotte-seeing-homes-sell-quickly-153933644.html

 

Consolidation Creates Megalandlords Dominating Single Family Rentals | Pound Ridge Real Estate

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“Now we’ll sweep up everybody over the next two years who got stuck, who says I have home price appreciation, which they do. They bought right, but now they are stuck.”

The chief executive officer of the second largest hedge fund landlord articulated in an interview with Bloomberg why a handful of megalords are the process of dominating the single family rental business.

Rising value, soaring rents, atmospheric demand and difficulties finding new properties at below market prices are providing smaller players, includng small investors and “accidental” investors who rent out a property or two an ideal opportunity to cash in.

Consolication is underway across America. American Homes 4 Rent, the second-biggest REIT in the industry, this month bought Beazer Pre-Owned Rental Homes Inc., gaining more than 1,300 houses. Barrack’s Colony American has made four bulk purchases this year, reported Bloomberg in the story by John Gittelsohn and Heather Perlberg.

Another factor for consolidation is the challenge of managing hundreds, thousands of single family homes. Bigger may not always be better for single-family rental operators. Institutional funds that have internalized property management have to be able to maintain thousands of properties that were initially serviced by local and regional groups, said J.D. Asbell, a landlord with about 175 houses in Kansas and Missouri who also renovates and sells homes to Wall Street-backed firms, according to the Bloomberg piece.

“This is a hard business to run,” said Asbell, who has been renting homes since 1993. “The management is always going to be an issue for the big funds. That’s the key to this long term, keeping the houses occupied and getting out bad tenants that aren’t paying.”

 

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http://www.realestateeconomywatch.com/2014/07/consolidation-creates-megalandlords-dominating-single-family-rentals/

Here’s where Realtors expect home prices to grow the most | Pound Ridge Real Estate

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Home price appreciation is slowing markedly, and a survey of members of the National Association of Realtors shows they generally expect home prices to increase in all states and the District of Columbia over the next 12 months, with most of the heavy growth in Florida, Texas, and California, among other states.

That’s the consensus from the May 2014 Realtors Confidence Index.

The median expected price increase is 4%.

Expected price movements depend on local conditions relating to housing demand and supply, demographics, and job growth, the survey says.

Click the map to enlarge.

The difficulty in accessing mortgage financing and modest expectations about overall economic and job prospects are factors underpinning the modest price expectation.

The expected price growth was highest (red) in states with low inventory levels, strong cash sales, and strong growth sectors (e.g., technology, oil).

 

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http://www.housingwire.com/articles/30552-heres-where-realtors-expect-home-prices-to-grow-the-most

Email marketing ideas for Realtors | Pound Ridge Real Estate

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Email has been proven to be a tremendously powerful real estate marketing tool. In fact, it’s the No. 1 way people share content with their friends and family members. Additionally, this 2012 survey shows 77 percent of consumers want to receive emails from companies they have an interest in.

In this article, I’ll go through four great real estate email marketing ideas to help you generate new leads, convert those leads into clients and stay “top of mind” with your entire database.

1

1. Provide value with an e-newsletter
A monthly real estate newsletter filled with useful and interesting articles for homeowners will help you stay in touch with your database, continue to provide value to past clients over time and position yourself as an expert in your industry. The content of the newsletter shouldn’t be promotional in nature but instead contain helpful tips and ideas for homeowners. If you don’t have time to write and design an e-newsletter, be sure to choose a customer relationship management (CRM) platform that comes with one preloaded and relevant to your business. You’ll likely be pleasantly surprised at how many replies you’ll get!

2. Send Just Listed and Just Sold e-cards and e-fliers
A whole lot of agents are not doing this, but if you’re careful about who you’re sending your Just Listed and Just Sold e-fliers to, they can be extremely valuable in getting some motivated leads.

If you know that certain people in your database are likely to be interested in a certain area, next time you get a listing or sell a home in that area, let them know about it.

Then, look at who opened your email and how many times they opened it and clicked on its links. You may find that certain people have read your email multiple times, clicked on the hyperlinks and even forwarded it to someone else. If this is the case, be sure to give these leads a call, as they’re potentially very hot!

3. Assign every new lead to a drip marketing plan
Whenever you get a new lead, be sure to assign it to a drip marketing campaign in your CRM immediately. Effective drip campaigns include a mix of emails that are sent automatically and periodic prompts to make keep-in-touch phone calls. And remember, with drip marketing, it’s not a “one size fits all” approach. Each campaign should be tailored to the individual prospect type, such as a first-time buyer, FSBO, seller and so forth.

Automating your lead nurturing with drip marketing frees up a lot of time, and ensures no lead falls through the cracks.

 

 

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http://www.inman.com/next/the-way-to-a-clients-heart-4-fantastic-email-marketing-ideas-for-realtors/?utm_source=20140701&utm_medium=email&utm_campaign=dailyheadlinesam

5 Questions Every Real Estate Agent Should Ask a New Client | Pound Ridge Real Estate

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There are many articles out there suggesting questions that buyers should ask their real estate agent, but now it’s your turn!

Whether you’re an experienced realtor or not, it’s important to always be crystal clear on a new client’s background information and preferences. Know where you stand before jumping into a relationship with a lead.

Here are 5 questions you should ask a new client:

  1. Why are you buying and why is now the right time to move?

    Learning WHY they are buying a new home at this specific time is very helpful in tailoring your real estate services to fit their needs. It will also help you determine how many hours you can expect to work. For instance, some may be looking for a REALTOR® way before they sell their current home, while others may wait until the last minute. Everyone’s timing is different.

  2. How many houses have you already seen and what are your 3 favorite neighborhoods?

    You’ll gain a better understanding of their recent real estate experience and at the same time, you’ll find out if they have already been working with another agent. Also, ask them to list their 3 favorite neighborhoods – this is an easy way to begin discussing the importance they place on schools, demographics, and where they want to live.

  3. If we found your perfect home tomorrow, what would you do?

    Ask this question so you can evaluate their readiness to actually move and better grasp their preferred timeline. If you’re speaking with a first-time home buyer, use this moment to go over the closing process and any other details they need to know about buying a new home.

  4. Are you working with a lender?

    Now you’ll can make an easy transition into a financial conversation. This is a great opportunity to learn whether or not they are pre-approved. If they have not been pre-approved, suggest a lender of your choosing.

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http://blog.realestatebook.com/2014/06/18/5-questions-every-real-estate-agent-should-ask-a-new-client/

Where are Baby Boomers moving? Absolutely nowhere | Pound Ridge Real Estate

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Some 10,000 Baby Boomers reach retirement every day, exiting a world dependent on jobs and kids and into a new lifestyle that drastically adjusts their housing choices, a commentary by Patrick Simmons, director with the Economic and Strategic Research Group of Fannie Mae, said.

The common perception is that the generation born between 1946 and 1964 is starting to downsize from suburban single-family homes to urban multifamily residences as they become empty nesters.

But this assumption is not true, and in fact, the truth is quite the opposite.

Simmons explained, “Despite these life transitions, one key metric of boomer housing consumption – the proportion of the population residing in a single-family detached home – has yet to decline.”

And instead of the downsizing perception, the percent of Baby Boomers residing in single-family detached homes was at least as high in 2012 as at any time since the onset of the housing crisis.

 

 

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Where are Baby Boomers moving? Absolutely nowhere

 

Foreclosures skyrocket in Northeast, West Coast | Pound Ridge Real Estate

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Foreclosures of all types were filed on 109,824 residential properties in May, a 5% decrease from the previous month and a 26% decrease from May 2013, which brought it to the lowest monthly level since the early days of the housing bubble and crash in December 2006.

The quick read – Northeastern and West Coast markets are having the most trouble with rising foreclosure activity, along with Chicago. The healthiest markets are in the flyover states, the sand states and the Sunbelt. Florida is still healing but still hurting.

The monthly RealtyTrac report also shows one in every 1,199 U.S. housing units with a foreclosure filing during the month.

Foreclosure activity recorded includes all default notices, scheduled auction and bank repossessions.

Despite the decrease in overall foreclosure activity nationwide, 21 states posted monthly increases in overall foreclosure activity, and 11 states posted annual increases in foreclosure activity.

The four major metros with the biggest increases are all northeastern and seaboard cities – Boston, New York City, Washington D.C, and Philadelphia. Boston increased 44%, New York 23%, and Washington D.C. and Philadelphia both 15% year-over-year.

 

 

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http://www.housingwire.com/articles/30258-foreclosures-skyrockets-in-northeast-west-coast