Tag Archives: Westchester NY Homes for Sale

Westchester NY Homes for Sale

Barbara Corcoran: From waitress to real estate queen | Waccabuc Real Estate

HOW10 barbara corcoran

Corcoran in her New York City apartment

(Fortune)

Barbara Corcoran’s story would make perfect fodder for movies or TV: A diner waitress with moxie takes a $1,000 loan, uses it to build the first woman-owned real estate firm in New York City, and rises to the top of residential real estate in the city before selling her firm, the Corcoran Group, for $66 million in 2001. Sure enough, the woman who once owned 14 red suits — her visual trademark — eventually found her way to the small screen, with regular roles on the Today show and Shark Tank, a reality hunt for entrepreneurial talent. Her bestselling books share business advice, and today Corcoran, 64, who was once too terrified to speak in public, enjoys giving motivational talks. Her story:

I grew up in Edgewater, N.J., the second oldest of 10 kids, and even though it was a very poor town, I thought we were the Kennedys because my father wore a suit to work. He was a printing-press foreman, and my mother was a housewife.


I went to Catholic school, and it was an accomplishment for me to make straight D’s. I say this because there’s always a dumb kid in school who thinks grades have something to do with what you end up doing in life. They don’t. It’s street smarts that helped me succeed. I had 20 jobs before I graduated from St. Thomas Aquinas College in 1971, doing everything from selling hot dogs to being an orphanage housemother in my senior year.

Barbara Corcoran: From waitress to real estate queen – May. 23, 2013.

New York Yankees star Alex Rodriguez sells Florida mansion for $30M | Bedford Hills Real Estate

Injured Yankees third baseman Alex Rodriguez already rakes in more dough than any player in baseball, earning $30 million a year for playing — or, this year, not playing — like a shell of his former self. And as it turns out, A-Rod also has a pretty good real estate racket going, too.

According to TMZ, the 37-year-old Rodriguez, who has been on the disabled list all season following January hip surgery, recently sold his nearly-20,000 square foot Miami mansion for a whopping $30 million, netting himself a profit of $15 million.

Rodriguez reportedly purchased the sprawling estate for $7.4 million in 2010. Then after putting in $7.6 million into renovating it, Rodriguez listed the nine-bedroom, 11-bath palace for $38 million in August. (It’s a shame he had to settle for such a lowball offer.)

Here are a few photos, via TMZ, of what you could have gotten for the equivalent of one year of A-Rod’s salary:

    

It’s currently not known who the buyer is — TMZ says it’s a celebrity from Palm Beach — butaccording to the New York Daily News, Rodriguez had been renting the home for more than $125,000 a month before settling on the $30 million purchase offer.

 

Report: New York Yankees star Alex Rodriguez sells Florida mansion for $30M – MLB News | FOX Sports on MSN.

Offers remain high even in depreciating markets | Pound Ridge Real Estate

Forty-one percent of buyers surveyed by Redfin said today’s low inventory has caused them to consider paying more for a home in the second quarter of 2013. This is up from 34% of survey respondents in the first quarter and 26% in the fourth quarter of 2012.

As someone who was looking to buy a home in this crazy North Texas market where prices continue to appreciate, I can attest to feeling the need to offer over list price. In fact, on the second home my husband and I put an offer on, we offered nearly $4,000 more than the original listing price of $214,000. This was only to find out that the home ended up selling for $225,000… another $5,000 on top of our offer. 

But what about the markets where prices are still depreciating?

According to the April Trulia Price Monitor, Honolulu, HI, New York, NY and Rochester, NY, also saw a decrease in the seasonally adjusted asking prices year-over-year. So are offers going in above listing price in these markets as well? 

Patrick Hastings, a broker/associate at RE/MAX Plus in Rochester, NY, says the market is surprisingly stable. 

Hastings said buyers are still going over the listing price on homes from time to time in multiple offer situations. In the good neighborhoods, there is still pent up demand, says Hastings. 

Patti West, an agent in Manhattan, said she is definitely still seeing offers come in at or above listing price.

It depends on the property, West said, because there are so many variables: how it’s priced to begin with, if it’s priced right to begin with, etc. 

There are some who still try to negotiate, but it depends on what the property is. For instance, condos are a bit more money, so they’re going in at asking or above listing price, while co-ops are a little bit more negotiable, according to West. 

So it seems that even in markets that are still depreciating, demand remains high. This only raises the question: at what point will that depreciation turn into appreciation? We’re going to guess soon.

 

Offers remain high even in depreciating markets | REwired.

Two Ways to Motivate Employees to Do Content Marketing | Bedford Corners Real Estate

By Definition a Social Business Creates a Lot of Content

In order for most businesses to create a lot of high quality content, employee participation is necessary. I’ve said many times, no marketing department is big enough to produce all the content it needs. Additionally, consider that in most businesses the marketing team is not comprised of domain experts.

Here’s what Forrester Research says on this topic: “Today’s B2B buyer will find three pieces of content about a vendor for every one piece that marketing can publish or sales can deliver. They are finding this content in an ever-expanding number and variety of channels.” Read the full article here.

The way I see it, there are two primary methods to harness employee involvement in a social business. One involves a carrot and one involves a stick.

The Stick

You could mandate employees to contribute content. Revise the company policy to require employees who meet a domain expert criteria to contribute original content. Non-compliance with this policy could be cause for termination. If you’re going to take this approach, my recommendation is to provide employees ample resources to fulfill their obligation. For example, the marketing team should deliver a well planned communication plan explaining the virtues of a content marketing strategy to the business. Ideally, the CEO should have a hand in this plan with an endorsement of the strategy. This communication plan should serve to inspire employees to participate in the content production process by offering them choices of topics and content formats.

The marketing team should publish an editorial calendar with topics where employees can “sign up” to contribute content. Most importantly, the marketing team should provide an easy-to-comply-with process that allows content production to be painless to the employee. For example, offer to interview employees with a video camera so the interview will be recorded, edited and produced into high quality content by the marketing team. The marketing team should repurpose the video into other content formats such as a white paper or blog post. By allowing the employee to painlessly share her domain expertise through an interview format, you take away the heavy lifting from the employee. The result can be high quality content from domain experts. This approach mitigates the biggest objections from employees who are asked to contribute content: “I don’t have time,” or “I hate to write.”

The Carrot

The carrot approach does not threaten employees with termination if they don’t comply with company policy;“thou shalt contribute content.” Rather, this approach provides employees considerable recognition and reward for their contribution. The same methods described above can be used for the production of content. The difference is that psychology plays a much bigger role. Rather than requiring employees to contribute, you inspire employees so that they want to contribute for the recognition they receive and the sense of contribution to the overall good of the business. Such recognition can bolster their morale, their ego and even their resume. Don’t hesitate to promote the positive impact on the employee’s resume. When you implement programs that help an employee build their career currency, their loyalty to the employer strengthens considerably. Employees talk among themselves about many aspects of their employment. The carrot approach to content marketing participation fuels positive word of mouth for your brand. The improved loyalty also helps in your recruiting efforts.

Another approach is to start out with the stick approach and over a span of time transition to the carrot approach. Once employees beging to enjoy recognition for their content among their peers and even within industry circles, they understand the value of personal branding. Even more remarkable is the appreciation by the employee for the opportunity to build their personal brand under the umbrella of the corporate brand. I call this the halo effect.

The Content Marketing End Game

Reaching your target consumer and earning their trust is influenced less by the brand’s ability to engage him. Rather, it is influenced more by P2P content marketing. In people-to-people content marketing real people who work for a brand engage with real people who might be a customer, a prospective future customer, influencer or future employee. Considering that the C suite is not likely to double or triple the marketing department’s staff size, the only option to produce the content needed to reach target customers is to tap into the inherent assets in the employee population. Personally, I prefer the carrot approach. But, each company is unique. Whichever method works best in your business the important thing is that you recognize the authenticity of P2P content marketing and the economics of leveraging the content marketing potential of employees.

 

 

Two Ways to Motivate Employees to Do Content Marketing | Find and Convert.

Luxury Prices Lag Lower Price Tiers | Armonk NY Homes

For nearly two months, through the heart of the spring buying season, the Institute for Luxury Home Marketing’s Market Action Index has stayed stuck at 29, one point below the official level designating a seller’s market.

Meanwhile lower priced homes have risen. The national median price on Realtor.com for all price tiers is up 2.63 percent in April over March and other listing-based market reports registered similar gains as slim inventories and a robust buying season combined to fuel the recovery. While the average price for ILHM’s market profile has risen to $1,266,086 through May 16, it’s only 1.6 percent above the ILHM average at the end of March.

Compared to lower price tiers, luxury demand is much weaker. Inventories in ILHM’s profile have increased 7.3 percent since the end of March, typical for this time of year and in line with monthly increases in the overall national inventory. However, time on market, which measures the balance between supply and demand, has been stuck on neutral like ILHM’s market index. The average days on market for luxury homes is 184 days, unchanged in six weeks. The median age of inventory on Realtor.com, however, was 81 days at the end of April, down 2.41 percent from March.

However, in the hottest markets in the nation, luxury sales have been doing as well as lower priced homes. In Denver, one of the best markets in the nation for all price tiers, luxury home sales skyrocketed in April, with sales of homes priced at $1 million or more rising almost 142 percent from April 2012, according to independent broker Gary Bauer. For luxury homes priced at $1 million or more, there were 87 single-family home sales in April, a 141.7 percent jump from the 36 in April 2012, according to the report based on Metrolist data.

Luxury home values increased in San Francisco, Los Angeles and San Diego in the first quarter of 2013 compared to a year ago, according to the First Republic Prestige Home Index by First Republic Bank. San Francisco Bay Area values jumped 8.7 percent from the first quarter of 2012 and 3.2 percent from the fourth quarter of 2012. The average luxury home in San Francisco is $2.82 million. Los Angeles area values rose 7.1 percent from the first quarter a year ago and 1.9 percent from the fourth quarter of 2012. The average luxury home in Los Angeles is $2.1 million.

 

RealEstateEconomyWatch.com » Luxury Prices Lag Lower Price Tiers » Print.

North Castle Supervisor Arden To Run For Re-Election In November | Armonk NY Homes

A year and a half into his first term as North Castle Town Supervisor and Howard Arden is already planning to run for re-election.

He said he will run whether or not he is endorsed by the town’s Republican Committee—which is likely to endorse its candidates sometime soon.

“Since taking office a year and a half ago, I have taken North Castle in a new direction,” Arden said in an interview with The Armonk Daily Voice.

“As promised, I converted our town to a council-administrator form of government. I have used best business practices and technology to run our town more efficiently; carefully tracked expenses while taking every opportunity to increase revenue,” he added.

Arden is confident, if re-elected, that his approach will continue to pay off for North Castle—literally.

“My efforts have produced the lowest tax increase of any town in Westchester; and has allowed us to use our savings for significant town-wide upgrades in equipment, infrastructure, park facilities and resident services,” he said.

Though North Castle has flourished financially under Arden, it is no secret the town board has become split on several topics. Issues such as CVS and a dog park coming to North Castle have become polarizing, controversial hot buttons of discussion—not only among residents, but also the town board.

It remains to be seen if such a dynamic on the town board will attempt to come back next November.

Incumbent council members Diane DiDonato-Roth and John Cronin, whose terms expire at the end of the year, have not decided whether they would seek re-election. The two Republicans are expected to make their decision within the next two weeks about whether to run for a second term.

No matter who ends up on the town board, Arden hopes he’s at the helm.

 

North Castle Supervisor Arden To Run For Re-Election In November | The Armonk Daily Voice.

15 Actionable Takeaways From Social Media Marketing World 2013 | Bedford Hills Realtor

Did you miss Social Media Marketing World in April?

Or perhaps you were there but weren’t able to attend all the sessions you would have liked to.

In this article I’ve assembled for you 15 actionable social media marketing takeaways from some experts who presented at the event.

Here’s what they had to say.

#1: Prepare for Social Displacement

michael stelzner

Michael Stelzner

With maturity of any new industry comes disruption. Just as email, the web and search disrupted entire industries several years ago (e.g., the postal service, print publications and traditional sales), we can also expect a lot of online disruption to happen because of social media.

  • Facebook messages are displacing email (it’s becoming easier to send your friend a Facebook message rather than find their email address).
  • Asking friends rather than searching (more and more people are asking their Facebook friends or Google+ circles for referrals instead of searching online for a product or service).
  • Listening to podcasts is beginning to replace radio.

This obsession with social is happening because people love social media. According to a McKinsey & Nielsen survey, 76% of people feel good when they network using social media.

social networking sentiments graph

Consumers generally feel good after engaging in social media.

Michael Stelzner is founder and CEO of Social Media Examiner.

#2: Connect With Anyone You Want by Giving Value

larry benet

Larry Benet

Connecting is the ability to identify and relate with people to increase your influence with them. If you can add value, serve others and give freely, then you can connect with anyone, power your business and get whatever you want faster. Here’s what you need to do to become a valuable connector:

  • Make meaningful and authentic connections with others
  • Find out what’s important to them
  • Help them get it
  • Become a value-creator (by connecting people with other people, resources, tools or ideas)
  • Follow up systematically (because out of sight, out of mind)

The more you give, the more you receive; the more value you add, the better things become.” This is the secret sauce of making powerful connections.

humans holding hands

Add value, serve others and give freely.

Larry Benet is known as the Connector and president of the Speakers and Authors Networking Group (SANG).

#3: Invest in Passionate Community Managers to Improve Facebook Reach

mari smith

Mari Smith

Content may be king but engagement is queen and she rules the house,” says Mari Smith. One of the best ways to increase your reach on Facebook is to invest in a passionate community manager who understands how to engage with fans. A great community manager is one who has these qualities:

  • Proper training (knows how to be persuasive and is focused on good customer service)
  • Focused on prompt engagement
  • Focused on quick response to fan posts and comments. Responding to questions makes money (e.g., Gina Alexander Photo Handbags made $28,000 in sales within 24 hours of hosting a live Q&A about her handbags on her Facebook page!)

Mari Smith is a social media leader and Facebook marketing expert.

 

15 Actionable Takeaways From Social Media Marketing World 2013 | Social Media Examiner.

$190 Million Greenwich Compound Is Priciest Home In The U.S. | Bedford Real Estate

A glance at a property in Greenwich that is reported to be the most expensive listing in the United States. It is listed for $190 million. Photo Credit: With permission from David Ogilvy

 

Listing agent David Ogilvy says the 12-bedroom Neo-French Renaissance Victorian and the 50.6-acre property is “a fantastic piece of property.”
“It’s just an incredibly beautiful spot,’’ said Ogilvy, whosereal estate office is part of Christie’s International Real Estate. “There were a few other major houses down on the water. The only one of this size that has sold was in Riverside in 1952 or ’53. There hasn’t been anything else on either side of the water like this.”
The property includes a mile of shoreline and two islands. Other features include a 75-foot pool and spa, grass tennis court, poolhouse, carriage house and gatehouse cottage.
The home was built in 1896 – Ogilvy had no record of its original cost – and was purchased by the Lauder Greenway family. Harriet Lauder Greenway’s father helped Andrew Carnegie start what would become U.S. Steel, according to the Wall Street Journal story. The article also said the home is owned by John Rudey, the chairman of U.S. Timberlands Services. He purchased the property in 1982. The property is being listed for the first time since 1904, according to the Ogilvy listing.
Ogilvy said the price tag was based on appraisals and previous waterfront sales. “A home with 4.2 acres went for $39.5 million, or about $9 million an acre,’’ he said. “You multiply that by 50, and you get a hefty number. Sometimes people are shocked at how much it is. It’s the only one with 50 acres left in Greenwich.”
The Realtor said he and Rudey have had conversations over the past few years about the property. “I knew the property, but I was even more amazed when I saw it,’’ Ogilvy said.
The owner has no timetable for a sale, Ogilvy also said. “There was a property that I listed and sold back in 2004 for $45 million,’’ Ogilvy said. “People told me I had rocks in my head, and we listed it, sold it and closed on it in 100 days. A timetable is not a problem.”

 

 

 

 

 

 

 

 

 

Listing agent David Ogilvy says the 12-bedroom Neo-French Renaissance Victorian and the 50.6-acre property is “a fantastic piece of property.”
“It’s just an incredibly beautiful spot,’’ said Ogilvy, whosereal estate office is part of Christie’s International Real Estate. “There were a few other major houses down on the water. The only one of this size that has sold was in Riverside in 1952 or ’53. There hasn’t been anything else on either side of the water like this.”
The property includes a mile of shoreline and two islands. Other features include a 75-foot pool and spa, grass tennis court, poolhouse, carriage house and gatehouse cottage.
The home was built in 1896 – Ogilvy had no record of its original cost – and was purchased by the Lauder Greenway family. Harriet Lauder Greenway’s father helped Andrew Carnegie start what would become U.S. Steel, according to the Wall Street Journal story. The article also said the home is owned by John Rudey, the chairman of U.S. Timberlands Services. He purchased the property in 1982. The property is being listed for the first time since 1904, according to the Ogilvy listing.
Ogilvy said the price tag was based on appraisals and previous waterfront sales. “A home with 4.2 acres went for $39.5 million, or about $9 million an acre,’’ he said. “You multiply that by 50, and you get a hefty number. Sometimes people are shocked at how much it is. It’s the only one with 50 acres left in Greenwich.”
The Realtor said he and Rudey have had conversations over the past few years about the property. “I knew the property, but I was even more amazed when I saw it,’’ Ogilvy said.
The owner has no timetable for a sale, Ogilvy also said. “There was a property that I listed and sold back in 2004 for $45 million,’’ Ogilvy said. “People told me I had rocks in my head, and we listed it, sold it and closed on it in 100 days. A timetable is not a problem.”

 

$190 Million Greenwich Compound Is Priciest Home In The U.S. | The Bedford Daily Voice.

 

Existing-home sales remain below underlying demand | Bedford Hills Real Estate

After falling in March, existing-home sales increased in April, although they were still not enough to meet underlying demand due to limited inventory and tight credit, reports the National Association of Realtors. All regions recorded year-over-year price gains.

“The powerful combination of all-time low mortgage rates and home prices that were significantly reduced after the housing crisis is fueling demand,” says Quicken Loans Chief Economist Bob Walters. “It’s quite likely that we will look back on this period as being among the best times in history to purchase a home. As the economy continues to firm, the likelihood that interest rates will rise increases and home prices will continue their upward climb as well.”

In April, existing-home sales — completed transactions that include single-family homes, townhomes, condominiums and co-ops — rose 0.6% to a seasonally adjusted rate of 4.97 million from an upwardly revised 4.94 million in March. April’s numbers are up 9.7% from the 4.53 million-unit level in April 2012.

Lawrence Yun, NAR chief economist, said the market recovery is solid. “The robust housing market recovery is occurring in spite of tight access to credit and limited inventory. Without these frictions, existing-home sales easily would be well above the 5-million unit pace,” he said.

Buyer traffic is 31% stronger than a year ago, according to Yun, but sales are running only about 10% higher. “It’s become quite clear that the only way to tame price growth to a manageable, healthy pace is higher levels of new home construction,” he said.

Existing-home sales are hovering at the highest pace since November 2009, when the market saw 5.44 million sales in response to the homebuyer tax credit. This marks the 22ndstraight month of year-over-year sales gains and the 14thconsecutive month of year-over-year price increases.

Inventory inched up slowly to 2.16 million existing homes available for sale. This represents a 5.2-month supply at the current sales pace versus 4.7 months in March.

The median sales price for existing homes was up 11% year-over-year, reaching $192,800. The last time the nation saw 14 consecutive months of year-over-year price gains was April 2005 to May 2006. 

 

Existing-home sales remain below underlying demand | HousingWire.

The pace of the housing market has picked up | North Salem Real Estate

Several factors are contributing to the market’s need for speed these days, writes Redfin. Demand is high and supply is low, which forces people to make decisions very quickly. Also, new technology is compressing the timeline from listing to tour and offer.

Today, people can find out within minutes when a new listing has hit the market and to schedule an in-person home tour with real estate agent, all from a smartphone. While market conditions like supply and demand will fluctuate over time, changes brought about by technology are most likely creating a “new normal” for the overall pace of home buying and selling, according to Redfin.

 

The pace of the housing market has picked up | HousingWire.