Tag Archives: Chappaqua NY Real Estate
Death toll up, gasoline lines grow in monster storm’s wake | Chappaqua NY Realtor
3 Ways Podcasting Can Land You Customers | Chappaqua Realtor
The Real Estate Book updates marketing products website | Chappaqua Real Estate
Real estate marketing platform The Real Estate Book has updated its online marketing tool, trebstore.com, to allow agents and brokers to target the brochures, postcards and flyers they create on the site to their contacts’ demographic characteristics and locations.
The three-year-old marketing hub, powered by communications company R.R. Donnelley and Sons Inc., allows users to access their listing photos and data from RealEstateBook.com, which has 1.5 million listings in the U.S., Canada and the Caribbean, and create marketing materials from them.
The service then charges users to have them printed and delivered or to download the digital file. Costs range from $0.61 per 6-by-9-inch mailed postcard to $2.05 per 11-by-17-inch mailed brochure. Users can download and print the pieces themselves at a subscription rate starting at $0.99 per download.
The service’s new targeting capabilities make it easy for real estate pros to maximize their marketing efforts, said Scott Dixon, CEO of NewPoint Media Group, parent company of The Real Estate Book.
Advertisers “can choose a specific area down to the subdivision level and then filter their list by household income, the amount of time the consumer has owned the home, for example,” Dixon said in a statement.
Sample design template on The Real Estate Book’s trebstore.com.
Trebstore.com also offers a broker product that allows brokers to create consistent branding for all of the pieces their agents send out using the site.
Last year, The Real Estate Book updated its website to make it mobile-optimized and released an iPhone app.
How to make the most of Google’s new approach to analytics | Chappaqua Realtor
Google Analytics logoGoogle Analytics is changing. And it is changing in very significant ways. It’s such a significant change that they’re taking the word “Google” out of the name and calling it Universal Analytics.
For those who find it valuable to understand the behavior of people online, Google Analytics has been the go-to analytics package for many years. The combination of tracking capabilities, reporting options and cost has been a three-pronged fork stuck into the side of any other tracking package out there.
Before anyone gets too excited about all this it’s worth noting that these changes are rolling out in beta to enterprise and premium customers. This means those who are dabbling in analytics won’t see these features in their free Google Analytics accounts for awhile, if at all.
The change to Google Analytics starts with a conceptual shift which then leads to significantly new reporting capabilities. Let’s do a quick overview of two of the bigger changes (there are quite a few more, but I will spare you from a discussion of some of the more esoteric subjects, such as using your own anonymous sessionization keys).
A conceptual shift from visits to visitors
One of the things that is hard for first time Web analytics users to wrap their heads around is the difference between a “visit” and a “visitor.” I sometimes joke that this is the hardest concept to understand in all of Web analytics. Let’s review.
A “visitor” is a unique machine accessing your website. Every individual machine that goes to your website increases your visitor count.
A “visit” occurs each time any machine accesses your website. Your visit count is increased whenever any machine shows up on your website. One “visitor” can generate multiple “visits.”
An example usually helps makes this clearer: If I use my laptop to go to your website, that will generate one visitor and one visit in your Google Analytics reports. If I use my laptop to go to your website once in the morning, once in the afternoon and once before I go to bed that will generate one visitor (my laptop) and three visits (morning, afternoon and before I go to bed).
Note that these things are discussed in terms of “machine” and not “person.” For example, if I visit your site from my iPhone, my iPad, my laptop and a computer at work that will generate four visitors (one for each device) and four visits.
A final, nerdy way to describe the relationship between visit and visitor is: a visit is attached to only one visitor, but a visitor can have many visits.
Why is it important to understand this? Well to make reports for understanding what people are doing on your site we need a sort of common denominator. Most businesses would like to use something closer to their actual customer (in this case “visitor”) as the common denominator across reports.
We want to know how many people clicked on an ad and then arrived on our website and did stuff. We’re not as happy with knowing how many visits resulted from people clicking and and then doing stuff on our site. It could be the same person clicking the ad over and over again, and that makes us anxious.
But for many years now the level of reporting that Google Analytics has given us has been different for visits and visitors. In fact, the reports available for visitors have really only been very high level stuff and not as useful for understanding specific things about our website. Google Analytics wasn’t alone in this — everyone in the analytics vendor space has had this issue.
The common denominator of Google Analytics is visits, not visitors.
The big change is that the newly renamed Universal Analytics will use visitors as the common denominator. This means that all of your reporting will align much better with how you view your business: something that helps customers.
Bullet list version of what this will mean for users of Universal Analytics:
- The numbers in your Universal Analytics report will more closely align with the numbers in your CRM.
- All of the measures you’ve been using so far to measure performance will look significantly larger than the new visitor-based versions.
- Integrity of leadership will be tested with the opportunity to present small, more useful visitor-based numbers instead of larger, more vanity-based visit numbers.
What does “Universal” mean?
The new Universal Analytics will now accept data from other sources than just a Web page. Sure there have been ways to torture the Google tracker into different code bases before. But now there’s going to be an accepted and useful way.
This means all of the ways of distributing content and interactions digitally can now talk to Universal Analytics. For example, your call center can register interaction, or your CRM tool can register interaction.
This, like the switch to a visitor-centric reporting model, is a big deal. Up until now Google Analytics has been very useful for understanding a specific slice of your interactions with customers: starting after they heard about your site and arrived and ending as soon as they left or did the thing you wanted them to do on the Web. This has left a gaping hole of information about things people are doing before they get to your site and, even more importantly, what they do after they fill out the lead form or call you.
You’ll be able to import conversion data as well. So when your Web gal tells you about how many “conversions” the Web is generating, you won’t have to translate the difference between a Web conversion and someone that made it through your qualification systems and actually bought something.
This shift is really what the name change is about. It changes Google Analytics from a good but limited tool — a Web analysis tool — into a broader and more capable tool, a business analysis tool. This is the shift from Web intelligence to business intelligence. And that’s awesome.
The bullet list of what this stuff means:
- Universal Analytics will be able to perform as a business analytics and reporting tool for customer behavior on platforms beyond the Web.
- The difference in quality of interactions and leads from a variety of sources will no longer be opaque and will thus present a risk to some businesses (I’m looking at you social media gurus and garbage vendors).
The downside
You didn’t think this was going to be all unicorns and rainbows did you? Even though I’m a proponent of analytics tools like Google Analytics, there are always some trade-offs when major shifts like this happen.
You’ll need to add some tracking code to use Universal Analytics. I know. No one likes doing this. It’s always scary and confusing. Sorry, I don’t make the rules.
The new code handles almost everything the Google Analytics code does. But one thing it doesn’t enable is Experiments nee Google website Optimizer. This is, of course, a crushing loss. I’m not sure if this is a short-term thing or not. But there are other great tools for A/B and multivariate testing.
My friends of the tinfoil hat persuasion will likely raise their eyebrow at the idea of Google knowing the deep dark secrets of how a business truly operates once people start uploading conversion data. I also expect a few privacy-related issues with the visitor-based reporting.
And, of course, Google Premium isn’t free. But it wasn’t free before these changes either.
The bottom line
For businesses that either already are or are working towards becoming more data-driven the adjustment in approach from Google Analytics to Universal Analytics will be very useful.
There will be some hiccups as the reporting style is changed from visit-based to visitor-based. These hiccups will provide an opportunity for leadership to demonstrate their value to the organization, analytics practitioners to demonstrate leadership or both.
A technology that increases your ability to observe customer behavior and increases the relevant data sets available for you to discover insights should result in better decision-making and results for you, your technology partners and your customers.
Dublin Home Prices Rose Most in Six Years | Chappaqua NY Real Estate
Dublin home prices rose the most in six years in September, the latest sign that Irish residential property prices are stabilizing after the country’s decade-long real estate bubble started to deflate in 2007.
Home prices in the Irish capital rose 2.4 percent from a month earlier, the biggest gain since August 2006, the Central Statistics Office said today. Residential property prices nationwide rose 0.9 percent in September, marking the third consecutive month of gains.
“Anecdotal evidence points to pent-up demand for family homes, especially in certain areas of Dublin,” said Alan McQuaid, chief economist at Merrion Capital in Dublin. “While the figures are encouraging, I think it is too early to say whether house prices are on a steady upward rise.”
Irish property prices are gaining after homes lost half their value since a property crash pushed the nation to the brink of insolvency and the unemployment rate tripled. A lack of bank credit and the end of tax-relief measures for new buyers next year along with high unemployment will weigh on the housing market, according to McQuaid.
Ireland’s unemployment rate was unchanged at 14.8 percent in September. New Irish mortgages granted in the second quarter declined 16 percent to 524 million euros ($678 million) from the same period a year earlier, the Irish Banking Federation said in August.
“For homes in well-established parts of Dublin, demand is outstripping supply,” Aoife Brennan, head of research at Lisney, an Irish broker, said in a statement today. “In recent months, cash buyers have been making up about 40 percent of the Dublin market.”
The CSO data is compiled with mortgage data from lenders. Dublin home prices would show a bigger increase if cash purchases were included, according to Lisney.
How to Buy Farmland, Even If You Think You Can’t | Chappaqua NY Realtor
How to Buy a Home Below Current Real Estate Value | Chappaqua NY Reator
Want to increase your chances of buying a home below current real estate value? Just look for a seller who didn’t listen to his agent.
The best real estate agents encourage their sellers to do whatever it takes to get the home in its absolute best condition before going to market. The better the home shows, the more likely the seller will get top dollar.
Sometimes, this could be as simple as removing personal items or decluttering. Other times, an agent will suggest bigger fixes, such as painting, replacing carpet or upgrading countertops or cabinets. Savvy sellers listen to their agents, make the changes suggested and go to market in top form. That’s not always how it plays out, however.
For any number of reasons, many sellers protest suggested fixes. Either they don’t want to be inconvenienced, don’t believe the fixes will matter or don’t have the financial resources to make it happen. Inevitably, this means the buyer will get a discount on that property.
How to spot a home that might sell below its value
Is there a home for sale in a good neighborhood and in the desired school district that seems to be well-priced but for some reason isn’t selling? This is the home you want to investigate, because chances are the seller didn’t listen to his agent. Specifically, here are some tell-tale signs to look for.
Big furniture or a lot of furniture
Most people don’t buy furniture to use when staging their home. Often a seller may have a lot of furniture in one room, which makes the room look small to potential buyers. Real estate agents and professional home stagers know this all too well. For example, stagers always suggest a small loveseat over a full-blown couch or sectional sofa. Also, in the bedrooms, king beds often take up too much space. So a stager will often push the seller to swap it out for a queen or full-sized bed.
When you enter a house that seems crowded with furniture, imagine the rooms with fewer or smaller pieces. Be aware that plenty of potential buyers won’t get past the sense that the rooms are too small, and they’re likely to move on to a home that feels bigger. In turn, this could give you room to negotiate a good deal with the seller.
Dark rooms
There was a home in West Hartford, CT on a great block, but the interior was dark. Three large French doors in the living room led to a deck, but the doors were stained black, and the carpet was brown. On top of that, the window coverings were big, heavy and overtook the room.
The house sat on the market for months, even though the price wasn’t far off the real estate market value. Here’s why: Every buyer walked in and out because the house was so dark. After the home had been on the market for three months, a smart buyer made an offer $40,000 below asking and ended up getting it.
Before the buyer moved in, he removed the window coverings, stripped the stain on the doors and painted them white, pulled up the old carpet and had the floors stained to a lighter oak. Right away, the dark room became light, bright and welcoming. The buyer’s total cost: $9,000, which instantly added $31,000 to his equity.
Grandma or Bambi staring down from the walls
Buyers are looking to see themselves — and not the current owners — in a home. Too often, however, the seller hasn’t “depersonalized” his home enough, or at all. Even though the listing agent may have told the seller to clear the house of his possessions, the seller may be proud of his accomplishments and resist.
And so potential buyers are treated to walls decorated with diplomas, family photos, awards and trophies. Moose and deer heads hanging on walls are surefire deal killers, especially when the hunting rifle used to kill Bambi is proudly displayed, too. At best, buyers tend to see such highly personal stuff as clutter that takes the focus away from the home. They’re turned off by it all, and they walk away.
They might also be walking away from a great deal. Are the bones of the home good? Does it have the floor plan you like? Are the kitchens and baths in acceptable condition? Is it in the area where you want to live? If you say “yes” to all of these, hang around a little longer. Imagine the home without the seller’s junk. Picture yourself living there, without Bambi.
A good home that doesn’t show well = a great opportunity
Ultimately, sellers who don’t listen to their agents or stagers inadvertently give savvy buyers a discount. For you to see that potential, try to understand as much as you can about why the seller is selling. Look for sellers who have ignored their agent’s advice. While conventional wisdom says that a buyer would be turned off by a home that shows poorly, go against this. Imagine the potential. And then, once the home is yours, make those small changes the seller should have made. Right away, you’ll have a little bit (maybe even a lot) of equity, thanks to the seller.
Lost Home Equity Leaves Thirty-somethings Vulnerable | Chappaqua NY Real Estate
Contrary to popular belief, loss of equity in their homes since 2007 has hurt adults in their late thirties more than their Baby Boomer parents, contributing to fears that they will not have enough income and assets for their retirement, according to a new Pew Research survey released today.
Americans today are more worried about their retirement finances than they were at the end of the recession in 2009, especially younger and middle-aged adults rather than among those closer to retirement age-a major shift in the pattern that had prevailed at the end of the recession.
About four-in-ten adults (38 percent) say they are “not too” or “not at all” confident that they will have enough income and assets for their retirement, up from 25 percent in a Pew Research survey conducted in late February and March of 2009. Among adults between the ages of 36 and 40, 53 percent say they are either “not too” or “not at all” confident that their income and assets will last through retirement. In contrast, only about a third (34 percent) of those ages 60 to 64 express similar concerns, as do a somewhat smaller share (27 percent) of those 18 to 22 years old.
Fears over retirement are driven by a companion Pew Research analysis of data collected by the Federal Reserve Board in its Survey of Consumer Finances. For most Americans, equity in their homes represents most of their wealth and the collapse of housing values in the middle of the past decade sent personal wealth into a nose dive for most homeowners, regardless of age.
Overall, the Consumer Finances survey found that median home equity-the fair market value of a home less the amount of the outstanding mortgage and other liens-fell by about a third (32 percent) from 2007 to 2010. And U.S. Census data released in June found that most of the decline in median wealth between 2005 and 2010 can be attributed to sinking home values.
Median home equity-so-called housing wealth-declined the most for homeowners ages 35 to 44. Between 2007 and 2010, the equity of homeowners in this age group was cut in half (52 percent). In contrast, housing wealth fell by 30 percent among those 55 to 64 and by 20 percent among adults 65 and older.
Adults 35 to 44 years old have a much greater share of their wealth represented by their home equity because they have not yet had the time to accumulate financial wealth. Moreover, these younger adults have had less time to build equity, so the market collapse cut into a greater share of a smaller base than for longtime homeowners. Finally, this age group benefitted less than older adults from the rise in stock market values since many sold their holdings when stocks fell in 2009.
The S&P 500 Index peaked at 1,576 in October 2007 but then fell to a modern low of 667 in March 2009. Since then, the stock market began a steady rise, closing at 1,258 on the last day of December 2010. It now stands at about 1,450, nearly back to its earlier peak.
During this decade of wild market swings, ownership of stocks and retirement accounts, such as 401(k) and thrift accounts, fell among most age groups. But the declines were greatest among those ages 35 to 44. The proportion of adults in this age group who directly held stocks declined by nine percentage points from 2001 to 2010, with half of this drop occurring before 2007. In contrast, the share of adults 65 and older who directly held stocks declined only 3 percentage points from 2001 to 2010, from 21 percent to 18 percent.
The proportion of 35- to 44-year-olds who held stocks indirectly through retirement accounts also disproportionately fell by 9 percentage points, about double the decline among those younger than 35 or between 45 and 54 years old (4 percentage points for both groups). As a consequence, those in the 35 to 44 age group have benefited less from the rapid increase in stock prices since 2009 because they were less likely than their older counterparts to own stock and retirement accounts.
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.