Tag Archives: Armonk NY Homes

Armonk NY Homes

Country Legend George Jones’ Estate on the Market for $8 Million | Armonk Homes

If a good country song tells a story, then George Jones was a master storyteller.

The Country Music Hall of Famer, who passed away April 26 at age 81, spun tales both comical and heart-breaking — from his autobiographical drinking-gone-awry hit “Honky Tonk Song” to the emotionally charged ballad “He Stopped Loving Her Today,” regarded by many to be the greatest country music recording of all time.

Unfortunately, the story of selling Jones’ Franklin, TN estate could be a song in its own right.

First listed for $15 million in March 2011, the 80-acre property at 4025 Nestledown Dr, Franklin, TN 37067 has received a series of price cuts since hitting the market. Jones and his wife even tried dividing the property into five parcels and putting it up for auction, but total bids only reached the $2 million mark, and the couple declined. The price was dropped in late March to its current $8 million — 500 percent more expensive per square foot than a middle-of-the-road Franklin home.

The equestrian estate was built in 1993 and boasts immaculate green pastures, with a 9,704-square-foot main house and several outbuildings. Showcasing its Tennessee character, the 4-bedroom, 7.5-bath mansion also features a grand entryway, long porch and even a personal barber shop.

The for-sale listing for Jones’ longtime residence is held by Bailey & Ivey.

Inbound Marketing | Difference Between Tactics and Strategy | Armonk Realtor

Every marketer wants to open up the inbound marketing floodgates, or so they think. But, when you get down to doing inbound marketing what is tactical and what is strategic? This really begs the question: which inbound marketing tactics can you do relatively quickly and without too much effort versus those that require more effort but offer long term results potential?

Our parents taught us that anything worth doing is worth doing right. We were taught “if _____ was easy everyone would do it.” By no means am I suggesting that inbound marketing is easy. But, let’s look at some inbound marketing activities that might be considered tactical and those considered strategic.

Tactical Inbound Marketing

Pay-per-Click Advertising (PPC)

Some call this SEM. This involves setting up search marketing campaigns in Google Adwords or Bing whereby your ads are displayed for certain keywords for which you bid an amount you’re willing to pay each time someone clicks on your ad. Setting up one or two campaigns properly takes a matter of hours. Getting Google or Bing to approve them also takes hours. Generally within a day or two you can have a few PPC campaigns up and running. Some will argue that PPC is strategic. For those brands that make a serious commitment to PPC with ongoing monitoring and optimization it can be strategic. That said, PPC campaigns could be turned on and off based on need and budget.

Optimizing Current Your Website

Undergoing an “on page” optimization exercise of your existing website content is also tactical because it is focused on the existing content. Depending on the size of your website the effort may take days, or weeks or even months. The result may be improved discoverability of some of your website’s pages in search results, which could result in more traffic to your website.

Bank-owned homes are back on the market | Armonk NY Real Estate

A new article from NaplesNews.com reports that banks are no longer holding onto distressed properties.

Instead, economists quoted in the article are backtracking on previous forecasts suggesting that banks will continue to sit on inventory.  

The report says banks are now quick to increase their foreclosure filings and launch short sales and other property disposition actions when appropriate.

The report attributes the increase in inventory movement to the national mortgage servicing settlement with attorneys general in 2012, which kick-started the process.

Pet Wars: Apartments Strike Back | Armonk Real Estate

Apartment owners and managers are fighting tooth and claw to dispel the myth that multifamily living is unfriendly to pets, a longstanding motivation that has driven pet-lovers to become homeowners.

A recent Apartments.com survey, released a week before National Pet Week, fund that 75 percent of renters surveyed today are pet owners, compared to 43 percent in 2012.

Half of the pet-loving renters surveyed by Apartments.com would like to believe their fellow apartment residents also adore their four-legged companions.  Fortunately, it turns out they are not far off, as nearly 60 percent of renters who do not own pets said they still enjoy living around others with pets.

“Nearly 80 percent of our survey respondents live in a pet-friendly building, indicating both landlords and residents without pets are increasingly recognizing that pet owners are, for the most part, responsible and respectful neighbors,” said Tammy Kotula, public relations and promotions manager, Apartments.com. “However, more than 60 percent of the renters also said they faced some level of difficulty in finding accommodations for them and their pets. Fortunately, renters can tailor search results to only show apartments that allow their beloved furry friends on websites such as Apartments.com.”

Title Business Boomed in 2012 | Armonk Real Estate

The 9.2 percent jump in home sales last year and record refinancings translated into a 21 percent increase for the nation’s title industry and $504 million in profits.

The American Land Title Association (ALTA) reported $11.4 billion in title insurance premiums written during 2012, up nearly 21 percent from 2011, according to the association’s Year-End and Fourth-Quarter Market Share Analysis.

“Positive operating results in 2012 further strengthened the industry’s already strong financial position”

Title insurance premium volume has steadily increased the past two years since 2010 snapped four consecutive years of declining premium volume. The improved market conditions resulted in the land title industry reporting a net operating gain of $504 million in 2012, compared to a $20-million loss in 2011.

“Positive operating results in 2012 further strengthened the industry’s already strong financial position,” said Michelle Korsmo, chief executive officer of ALTA. “The land title industry has come out of the real estate crisis well positioned to meet the needs of homeowners and homebuyers in the future.”

The industry’s total assets exceed $8.8 billion, with cash and invested assets at more than $7.8 million. While statutory surplus increased 33 percent to $3.5 billion, statutory reserves are down $372 million as a result of claims settlements, but remain at over $4.4 billion.

The industry paid $908 million in claims during 2012, compared to $1.02 billion in claims paid during 2011. These payments were made to, or on behalf of, insured homeowners for losses they experienced under policies issued to them or their lender, or to defend those titles from the claims of others

Appraisers say “Show me the Equity” | Armonk NY Homes

Slightly over half of appraisers in a recent survey expressed a degree of confidence in the housing market and nearly half reported appreciating home values in their markets.

Some 54.7 percent of appraisers said their level of confidence is mildly or moderately strong, while 24.9 percent were neutral. The survey was completed by United States Appraisals’ nationwide panel of residential appraisers.

“Appraisers tend to be realistic, focused on their local markets and unmoved by news stories and national numbers,” said Aaron Fowler, President of United States Appraisals. “We believe they provide a good gauge of the status of the housing market. After the last few years, a mildly strong level of confidence shows some definite improvement in appraiser attitudes.”

Opinions were slightly rosier regarding home values. Some 46.2 percent reported a mild increase in values in their area. Some 15.6 percent were seeing a moderate value increase, while 24 percent were neutral. Despite somewhat tepid feelings on the market in general, most appraisers reported increased order volume: 26.1 percent saw mild increases, 17.8 percent saw moderate increases and 18.5 percent reported significant volume increases. Only 15.3 percent of respondents reported any reduction in their order volume.

Comments from the survey:

“Improving, people seem tired of waiting.”

“Significantly more activity at middle and upper end of the value range and the supply of existing housing is down significantly as well.”

Deeds in Lieu of Foreclosure gain market traction | Armonk NY Real Estate

A deed in lieu of foreclosure allows a lender to take possession of a property securing a deliquent loan without going through the foreclosure process. 

This would allow homeowners to walk out from under massive amounts of debt without a full-fledged foreclosure on their credit history.

Deeds in lieu are becoming more popular — albeit still in much lower numbers than short sales and loan modifications and refinancing activity. RealtyTrac data shows just above 20,000 DILFs nationwide in 2012, up 39% from about 14,000 in in 2011.