Friday, October 18, 2019 / by Vanessa Saunders
"We don't want to be treated like children." said industry big-wigs Gary Gold, executive vice president at Hilton & Hyland, and Mauricio Umansky, founder of The Agency. Their complaint was expressed at Inman News's Luxury Real Estate Connect convention in Beverly Hills, and alludes to an ongoing policy debate about off-market and "pocket" listings.
To those non-REALTORS® in the audience, off-market and "pocket" listings are illegal practices committed by unscrupulous REALTORS® to help them sell properties listed by them to their own buyers, denying access to other agents in order to get a commission from both sides of the deal.
Apparently, Gary and Maury want to have them.
Really guys? Then if you don't want to be treated like children, stop acting like them. Keeping pocket listings is both a disservice to your sellers and to your REALTOR® colleagues. You are not acting in the best interest of your sellers, as you are sworn to do. Don't you remember tha ...
Thursday, October 17, 2019 / by Vanessa Saunders
If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be your only go-to resource when it comes to making such an important decision.
According to the National Association of REALTORS® (NAR), the three most popular information sources home buyers use in the home search are:
Online website (93%)
Real estate agent (86%)
Mobile/tablet website or app (73%)
Clearly, you’re not alone if you’re starting your search online; 93% of home buyers are right there with you. The even better news: 86% of buyers are also getting their information from a real estate agent at the same time.
Here are 3 top reasons why using a REALTOR® in addition to a digital search is key:
1. There’s More to Real Estate Than F ...
Wednesday, October 16, 2019 / by Vanessa Saunders
A bill passed in early September by the NY Assembly which was intended to identify owners of crumbling single family rental units in Upstate New York has had a surprising affect on condo ownership in NYC. And boy, are the condo investors and realtors hopping mad!
The bill, which we reported on here, requires all LLC owners to identify themselves in transactions involving one- to four-unit buildings. The bill was designed to tackle an issue that had little to do with New York City. It was passed after a six-month investigation into code enforcement that focused on cities and towns including Albany, Newburgh, Mount Vernon and Ramapo. The investigation found that problems posed by abandoned homes owned by anonymous LLC corporations were amplified when the owners were unknown.
Apparently lawmakers and real estate investors thought it would simply codify measures already in place in New York City and apply them statewide. But they were surprised to see it interpreted to ...
Tuesday, October 15, 2019 / by Vanessa Saunders
When you install a solar energy system on your property, you save money on your electricity bills and protect yourself against rising electricity rates in the future. How much you can save depends on the utility rates and solar policies in your area. Your utility bill shows you how much you spend each month on electricity.
Solar power, like other renewable energy resources helps to reduce greenhouse gas emissions, because you are turning sunshine into electricity instead of burning natural gas, coal or using nuclear energy. It also results in fewer air pollutants like sulfur dioxide and airborne dust particles, which can cause health problems.
Solar panels absorb the sun’s energy throughout the daylight hours and convert it into direct current (DC) electricity. Most homes are set to run on alternating current (AC) electricity so the DC electricity is then passed through an inverter to convert it to usable AC electricity. You either use the electr ...
Friday, October 11, 2019 / by Vanessa Saunders
The massive income inequality in the U.S. and globally is a topic that everyone from political candidates to billionaires are talking about. Bernie Sanders said recently that "billionnaires should not exist." Good old Bernie. Mark Zuckerberg, who, with a net worth of $69.8 billion, according to Bloomberg, recently stated “I don’t know if I have an exact threshold on what amount of money someone should have but at some level no one deserves to have that much money.”
Bloomberg Businessweek developed a chart that shows the breakdown of wealth in the world, and gives ranking of wealth from the poorest (-2) to the richest (11) . Everyone in the world therefore has a “wealth number.” The chart makes it very clear just how extremely one sided the world's the distribution of wealth is.
Scoring an 11 are just two multi-billionaires in the world: Jeff Bezos and Bill Gates. That Businessweek ranking means they have $100 billion or more. In case you ...