The White Plains housing market has been trending upwards since the bottoming out from the housing crisis of 2008. The popularity of White Plains has been increasing over the years, particularly in the downtown. Many non-residents think of it as strictly a city until they see the charm of the outlying suburban areas. These represent two distinct markets for White Plains and both are doing well.
Archive for the 'For Sellers' Category
This is the final installment of my short series on the state of the Westchester housing market and today I will be talking specifically about move-up buyers.
As I said in my last podcast, people are always asking me for quick “market updates”. Today I’m going to give another quick assessment of the current Westchester market. The last podcast targeted first-time buyers. This podcast is about empty-nesters and others wishing to downsize.
With all the “disruptive” technologies around, why have real estate brokerage commissions remained so “sticky”? Why hasn’t some disruptive technology come along to really shake up the commissions structure?
These questions come up fairly often and with good reason, selling a home has always been an expensive process and for all the new technology out there today, it is still expensive. Many people draw an analogy to travel and other industries where disruptive websites have literally crushed commissions and other forms of reimbursement.
This podcast about the MLS (Multiple Listing Service) has been a long time in the making. It is a bit more “in the weeds” than I would like it to be. But although its a complex topic, I feel it is also an area where misinformation and assumptions confusing to home buyers and sellers alike.
Listing your home on the MLS (Multiple Listing Service)
Recently I have fielded several questions from potential sellers about MLS exposure for their listings. These particular sellers were not interested in engaging an agent/broker to list their home. A couple of them were also not willing to compensate a buyers agent, it was strictly the MLS exposure that they were after.
One thing I learned from these encounters is that there is a lot of misinformation about the MLS floating around. Most sellers seem to think of the MLS as an almost public entity. They really don’t understand what the MLS is, who maintains it, or even its primary purpose.
This is a continuation of a previous podcast about what listing agents actually do. If you missed the first podcast, on what an agent does before they list your home, you can click here. I may end up adding a PS to this series, so stay tuned for more posts on this topic.
This podcast is focussing on what a listing agent does once your home is on the market and what their role is after the contracts ares signed but before the actual closing.
With the coming of spring, home sellers start putting their homes on the market. A goodly percentage of sellers have a very dim view of an agent’s value and a some do try to sell their homes on their own.
Westchester has many fall traditions. It is famous for them. Like the historic Hudson Valley Jack O’Lantern blaze, and Horseman’s Hollow, Westchester Magazine has created its own unique fall tradition: the Westchester Magazine’s Dream Home. This year we have the “Penthouse Edition” at none other than the ultimate luxury complex – the Ritz Carlton in downtown White Plains NY.
NAR just released its housing report for Q4 2013 and I found some great information from the KCM blog regarding national and regional numbers. If you ever watch talking heads on CNBC or any of the other presumed experts, your head is probably spinning because everyone has a different take and every new report adds to the general chaos of data an numbers. But when I saw the numbers, the picture became a good deal clearer.
I’m sure that every agent worth their license has been hearing that good photography helps to sell a home. This, I know to be true as someone who was a real estate agent before morphing into a photographer. Buyers pour over photographs and will reject a perfectly suited home sight unseen if the photography is not up to snuff. I have had to drag people kicking and screaming to listings that I knew were perfect for them because they were turned off by poor photography.