I LOVE these classic homes- here are some great homes at great prices with character, style and an awesome lifestyle.
http://westchesterrealestateblog.net/idx/city/ossining/
I LOVE these classic homes- here are some great homes at great prices with character, style and an awesome lifestyle.
http://westchesterrealestateblog.net/idx/city/ossining/
SEATTLE In the very same week that the Zillow Group set social media in the real estate space on fire with their purchase of software firm Dotloop, CEO Spencer Rascoff has announced the purchase of website AshleyMadison.com.
It is unknown how the dating platform for cheating spouses fits into Zillow’s model, but industry insider comments were all over the map.
Zillow’s own Jay Thompson, Director of Industry Outreach, asked “who is Ashley Madison? Is she a premier agent? Is she Canadian or something?” when contacted about the move. In a rambling, impromptu statement, realtor.com parent company NewsCorp. CEO Rupert Murdoch went on record as saying, “Bravo, Spencer! I really like that chap.” Murdoch publicly praised Rascoff for the very first time, wiping perspiration from his upper lip and popping nitroglycerine pills like Mike & Ikes, as he spoke for 17 minutes without interruption or the aid of any additional oxygen.
“We see this as a natural extension of Zillow’s commitment to our Premier Agents,” Rascoff, himself, said, as he opened a silver bucket filled with roasted kittens and broke off a suffering drumstick.
“Even though we have more listings for sale than any other website, we want to do our part to increase the inventory of motivated sellers. Just like we opened up pre-foreclosures, the divorce market was just sitting there, unstimulated. I just see it as being proactive. This is simply transparency. Free the data!” He then took a long chug from a dark bottle labeled “tears of enemies.”
Other industry voices were more measured, with Sebastian Winnow, Association Executive of the Metropolitan Board of New York, saying it was “probably a smart move,” because “Agents use software and stuff, so Zillow offering their customers more tools might make more sense.”
There were, of course, naysayers viewing the move with suspicion. In the National Association of Realtors Facebook group, New Jersey agent Maude Gladstone posted (sic) “DON’T U GET IT? THEIR GOING TO UPLOAD ALL THE CHEATERS ONTO DOTLOOP AND INTERGRATE IT INTO THE NATIONAL MLS THEY ARE CREATING ONCE THEY ARE BROKERS IN ALL 50 STATES! WAKE UP, PEOPLE, #TAKEBACKOURDATA THESE BASTARDS ARE VAMPIRES AND WE ARE DINNER!”
Scoffing at the last reference, Rascoff, whose own home is on the market, denied accusations that he is actually a 15th century vampire named Nosferatu, and categorically denied last Spring’s rumor that he was a daemon from antiquity with an unpronounceable name. He did, however, acknowledge that his home was off market temporarily while workers removed some contents from the home’s attic, reportedly including a painting of a really, really old guy.
Jennifer Maher, the manager of our Mahopac office, has done it again and hired another renaissance woman. She and I are excited to announce the affiliation of Licensed Salesperson Brittany Alvarez with the firm.
Want to hear glowing praise? Check this out:
“Ms. Alvarez’s reputation in Putnam County precedes her. Brittany is known as a force to be reckoned with and someone whose work ethic is the stuff of legend. I’ve worked with Brittany—on the other side of the table, of course—on many projects in Putnam County, and know first-hand of her tenacity and commitment to her work. Having her as a part of the J. Philip team is a huge asset and I look forward to being in business with her,”
– Jennifer Maher, Manager, Mahopac office and co-owner/ Broker of the J. Philip Commercial Group.
Our Putnam County group is not big, but their collective power is awesome. I know a thing or two about small, growing teams that produce more than their number might suggest, and people like Brittany make that happen. Jenn attracts talent. Period.
Brittany has experience in both the public and private sectors, and brings a polished and well-honed resumé to the J Philip Team. Her flexibility, amiability, and ability to adapt to any situation or work environment make her a perfect fit for our industry. She’s got game: unparalleled organizational skills, a can-do attitude, a sense of humor, and every exchange I’ve had with her has been pleasant, upbeat and productive. To say that she’s raring to go is an understatement. I like that. And I predict big things.
To reach Brittany, email her at brittany@jphilip.com or call/text 914.879.2616. You can also log onto www.BrittanyAlvarez.com.
I am biased, but I think I have the best people on my firm’s team. That’s why the company has grown through an era in the industry when many other firms disappeared. One of the very best examples is Angela Johnson. In August, 2012 when Angela joined the brokerage I wrote this:
…”it is with immense pride that I introduce Angela Johnson as J. Philip Real Estate’s first Vice President. She will be in charge of development, recruiting, and helping our growing team of 30+ licensees to become better in all facets of the business. They could not be in better hands, and I could not have gotten a better first officer.”
Two and a half years later Angela’s desk remains right next to mine in the firm’s home office in Briarcliff, and the team of 30 agents has grown to over 60 in 4 separate offices from the Hudson Valley to Buffalo. Interestingly, not long after she joined us, the state of New York passed a law requiring that anyone in a real estate firm with a corporate title like VP or director actually be a principal in the enterprise. You can still be a vice president in other industries and have a clip on tie, but for real estate brokers, thousands of business cards had to be reprinted. I gave Angela’s title quite a bit of thought, and half jokingly came up with “Q-Branch,” a James Bond reference to the late Desmond Llewelyn’s role as master of all 007’s techno-gizmos. It was actually quite an apt description of her role as steward of the company’s technology, and the reference has stuck.
We were not out of the woods in yet in 2012, and it wouldn’t be until 2013 that anyone even whispered the word “recovery.” Someone coined the term “pre-covery” early that year, but the early part of Angela’s tenure here was still in the thick of the slow market. She made a difference. As much as I had a reputation for being a tech forward broker, many of the neat things I had incorporated in 2006 and 2007 were essentially unchanged and stale. Our company website was a template piece of crap. Our back office transaction and client relationship management was nonexistent. There was no plan. Worst of all, I was a reaction machine who was running around putting out metaphorical fires instead of working with the Big Picture in mind. It happens- the E-Myth books are all about it. I needed help, and Angela’s skill set was crucial to the leap forward we made.
Madam Q’s roles are varied and challenging. She remains an associate broker with a book of past business she manages. She recruited our first REO broker, and the bank-owned department I always wanted was finally a reality. She is in charge of on-boarding all new agents, no small task if you were ever to take a peak at the to-do list for a new agent with the firm. She has also become the go-to ass kicker for projects I could not assign to anyone else. Recently, I was asked by the State Association to make a presentation at the Winter Conference on the latest trends in real estate technology. I asked Angela to help put together the slides. In typical fashion, she didn’t just make a nice slides, she researched the hell out of the subject and created a truly impressive graphic presentation. And when the hotel’s AV equipment had a catastrophic failure and my material was lost, she scored a three pointer from mid court by getting me a Dropbox link remotely from 100 miles away. New York State Association of Realtors Tech Forums are serious business; what could have been an embarrassing failure ended up a huge success.
Among the other hats she wears with aplomb are being my office first officer in Briarcliff, a frequent consigliere in personnel and organizational strategy, and just kind of being like Spock to a severely ADD broker (I hate to mix the Star Trek metaphor with James Bond, but the shoe fits). When we represented our first builder, her experience in new construction was a huge assist in getting our developer his first contract quickly with a very qualified buyer. She lives in an inquiry as to how to best market our listings, and has put in considerable overtime on maintaining our superior tech edge.
I think you’re getting the picture.
I am not an easy guy to work with. I am demanding, forgetful, disorganized, distracted, hyperactive, jumpy, sarcastic, occasionally tone deaf, and stubborn. She navigates it all, and on that last part, has distinguished herself uniquely, with a rare talent for informing me in March that something I finally did was precisely what she advised me to do back in July. Along with the rest of my foibles, she still gets the job done and has never sugarcoated me or glossed over the truth. Few companies our size have a department devoted strictly to tech, let alone someone who actually gets the translation to a sales organization. It is no coincidence that we have grown. None at all.
Salud, Q , nessuno lo fa meglio
If you’ve noticed the conspicuous absence of updates here let me assure you that the reasons are all good. I am fine, the company is fine, and we have been busy. I have lots of good news to report.
First, after our best year in 2013, I wrote a year ago that I could foresee us growing from one office and just over 40 agents to 4 branch offices and 100 agents. We came close. The firm has indeed expanded to 4 offices, and we are approaching close to 70 fantastic professionals who have chosen to associate with our brand.
In October, we had the grand opening for our Pelham, NY office, followed by the November ribbon cutting for the Mahopac center, which houses both J. Philip Commercial Group and our residential division. Jenn Maher not only manages the residential division there, but is my managing partner (broker in charge) of J. Philip Commercial Group, and she is building something very, very special there. I can’t say enough good things about her- she got plenty of recognition herself, including Hudson Valley Magazine’s Top Women in Business Award. In December we welcomed Buffalo, NY to the family with the amazing Colleen Kulikowski joining as the trailblazer to that new market.
The firm broke all prior production records with almost $34 million in closed sales and well over 100 closings. The most agents we ever had in production was 17 in 2013; in 2014 we had 28, with 7 associates closing $1 million or more and another coming within an eyelash. Out of nearly 1000 firms in our market, our firm was ranked 50th in closed residential transactions according to HGMLS data.
At our December holiday banquet at Finalmente in Sleepy Hollow, I was proud to recognize the following company associates for achievements and distinctions:
Top Innovator: Tom Ricapito
Top Recruiter: Janie Blanks
Top Contributor to Firm Expansion: Donna Materasso
Top Blogger: Barbara Bartell
Annual Awards
Top Producer: Cristina Gameiro not only had the highest number of transactions, she closed the highest dollar volume.
Comeback of the Year: Lorei Velazco. A multi million dollar producer with her prior firm in 2012, Lorei joined us earlier this year after spending the bulk of 2013 recovering from illness.
An agent with the best improvement. This year’s comeback s special, overcoming a year out for medical reasons, never losing a winning, determined attitude, and ferocity, commitment, and a willingness to invest in her business. She could very well be the top producer in 2015.
Rookie of the Year: Peaches Herron Drummond. Peaches came within an eyelash of $1 million in closings since February, and is actually poised to close over 10 transactions in the first quarter of 2015 alone.
As I stated at the banquet: Peaches joined our firm early in 2014, and was exemplary in her learning like a sponge as well as a willingness to invest in her marketing. She was a tiger in her follow up with inquiries, and was smart to ask me for help when needed. It all added up to a December with 10 transactions in contract and another 7 accepted offers pending from her prolific efforts. Another big contender for top producer in 2015
Leadership Award: Gloria Hernandez.
A leader walks the talk, coaches and is coachable. They don’t preach. They lead by example. As the adage says, They often speak softly, but carrying a big stick. This year’s leader was selfless in her willingness to help other agents, would follow up on project from me at the drop of a hat, and had the upbeat, selfless attitude of a leader that I personally admire.
Person of the Year: Mary Kingsley
The person of the year embodies the company ethos of teamwork, collaboration, hard work, ethics, humor, and eagerness to learn. This year’s person of the year was someone I could count on the step in for me when needed, often with little or no notice, was vocal in her opinions to support me personally and professionally, fed me, literally, along with solid sales production in the wake of a tough 2013. She volunteered for more work just to forward the enterprise, and was an absolute evangelist for our brand. She is of my very dear friends as well.
Every one of the awardees is someone I would trust implicitly to take care of me as a client. I couldn’t be more proud.
On a personal note, I completed my term as Hudson Gateway MLS President for 2014, I served as Tech Chair for the NY State Association of Realtors, I served on Zillow.com’s Agent Advisory Board for a 3rd year, and I actually did get some writing done as a contributor to Inman News. The Women’s Council of Realtors gave me the Entrepreneur of the Year Award, which was a very flattering surprise. I lost 45 pounds through better eating habits and exercise, and I enter 2015 feeling better than I did 20 years ago.
It is gratifying that all the growth and expansion did not come at the expense of the client experience- our feedback and online ratings remain stellar, referrals are at an all-time high, and the buzz about the company is undeniable. Much of that is owed to super support staff helping me keep my eye on the ball, with head admin Ronnie DeMeo and “Q Branch” technology chief Angela Johnson. With Nancy Green being added to the team in Mahopac, we are positioned well.
Looking forward, I see 2015 as year to solidify all the expansion we have undertaken, to give our agents the best tools possible to serve their clients, to advance training dramatically, and to eclipse 100 associates, 200 sales, and make a hell of a run at $100 million in closed transactions.
But beyond the numbers, one thing will remain constant: the quality of character that our associates display, day in and day out, will remain at the top of the heap.
“De-cluttering” is so 2008.
As I advise new clients listing their homes on the market to sell this spring, I am surprised to see how their jaws drop when I start the pre-sale preparations not with tidying up, curb appeal or repairs, but with fighting the battle online.
Here’s what I mean: Before the 2014 consumer visits a home, they research it online in ways that weren’t even common when most home sellers were buying 5 or more years ago. Yes, it goes without saying that you patch the water damage from that time the tub overflowed and you remove the wall paper from Grandma’s old room. But that only addresses things after prospective buyers choose to look at your home. What about the information about your home they access online beforehand? The people you want to influence are not just those looking, but those who would check your home off their short list because of something they found on the Internet that they didn’t like.
Here is a list of things to prepare your home for sale in the 2014 information age, which is going to have a dramatic effect on who gets top dollar fast for their home this spring and who has to reduce their price in the summer because they remain unsold.
Of course, there are still a ton of things to do physically to the house, and often those are also things influenced heavily by the Internet.
Of course, perhaps the most important thing to preparing home home is choosing the right agent. A good agent will help you get everything done I have described, and our firm actually offers all the inspections as part of our service. The client pays nothing except to make the corrections once they are discovered. A good agent will also have a killer marketing plan that is tailored to the property, an excellent web presence, mega references, a solid track record, and a Rolodex (Wow…I am dating myself) of resources to handle everything in this article.
A good agent will also “profile” the most likely buyer for your home and make a marketing plan centered on that model. For example, in Westchester County, many of our buyers are in New York City and looking to relocate to the suburbs. Having a reach into tapping the city dweller market can make the difference in both time and money to an eager seller. You should also understand that the typical home buyer for a Westchester County home is typically very, very savvy and has done their research. They are spending a lot of money, and also bitterly resent even the appearance of anything intentionally hidden or glossed over. Handing the matters on this list will make a huge difference in doing business with that mentality.
All of this occurs before the sign goes into the ground, before the professional photos and video are shot, and prior to entry into the MLS. It all makes a huge difference in time, money and reduction of stress. As my old high school wrestling coach Bill Carney often said, “it is not the will to win. It is the will to prepare to win.” I like my clients to win.
After 4 years as Vice President of the Multiple Listing Service, this past Thursday I was sworn in as 2014 MLS President. I have to admit that it was a proud moment, but I also feel very strongly that there is quite a bit of work to do. Our association has merged with 3 other boards in the past few years, and the last merger resulted in the union of two MLS systems running on different platforms. In 2014, both databases, the old Empire Access MLS and Greater Hudson Valley MLS will now not only be the unified Hudson Gateway MLS in name, but also in fact on the Matrix system. To the public this may sound like a bunch of gobbledy- techno-gook, but to fellow Realtors this is monumental and presents the challenges of change to over 9000 agents on both sides of the Hudson.
I foresee few issues with the transition. Our neighbors in Connecticut switched to Matrix last year and it was very smooth.
The bigger issue I see is that of data policy. The real asset that any MLS has is its data. We have over 15 years of market activity in our archives, and of course the MLS is to the real estate market very much what the stock exchange is to securities. We currently provide the inventory of homes for sale to Realtor.com, every real estate website with an Internet Data Exchange (IDX) and use a 3rd party to import our listings to dozens of “syndication” sites like Zillow and Trulia. When I first started my company brokers who wanted their listings syndicated opted in through their own means or vendors. We then adapted our current policy, and there are some systems that provide some syndication sites with a direct (“RETS”) feed.
There are complications and pitfalls with each model. Syndication sites (disclosure: I am a member of the Zillow Agent Advisory Board) have fostered some suspicion from licensees over how they have monetized their business models, and there have always been data accuracy issues. The cure for one compounds the other. I will be forming an advisory group to review our data policy from the ground up to determine how best to provide data to outside sources in service to our participants and consumers with a long term outlook. It sounds easier than it is. But I live for this stuff.
It will be great to work alongside newly-installed Hudson Gateway Association President Diane Cummins on the executive board. When I first met Diane years ago she was rocking a Motorola Xoom tablet computer and she has always been a pleasure to collaborate with on association matters. She also gets my sense of humor. Also serving as Vice President of the Association will be none other than our own Jenn Maher, my partner in J Philip Commercial group and manager for the residential firm. I could write a month of posts just on Jenn’s exploits-she is an asset to the firm and the association.
This is a volunteer position that will be undertaken outside of running my brokerage. I will be busy. I am also extremely honored, and as I have promised many before, I will say it again here: I will give it my all.
I am happy to share that 2013 was perhaps the best year in the company’s history. Not only did we crush our 2012 numbers, but J. Philip Real Estate exceeded some lofty goals I had set a year ago.
2013 was the first year that the firm closed over 100 transactions. That was my most ambitious pipe dream back in the first quarter, and we finished so strongly that we actually blew past 100 all the way to 116 deals. This very nearly doubled last year’s production. While the market improved overall, it didn’t double, so we beat the trend soundly. I am very proud of my team for doing so.
Transaction total was not the only piece of good news. Overall dollar volume was also nearly double that of 2012, as the combined volume exceeded $30 million for the year. In 2012 we closed just under $16 million.
Another wonderful breakthrough was the number of agents who sold more than $1 million grew to seven (7) outside of myself. The best we ever did in the past was four (4) Million Dollar plus producers. This was consistent with my stated goal the past 2 years to have my own share of company production shrink while the company grew. That did happen. I did close 30 deals for $10 million, but I was less than 25% of the brokerage’s transactions. My goal last year was to be less than one third. I therefore wish to extend hearty congratulations to the following associates:
Overall, in an MLS of about 900 companies, our firm ranked 42nd in closed deals, putting the company in the top 5% of our market.
2013 had more to smile about than just closings. In July I was nominated as a finalist by Inman News, the industry news source, for Innovator of the Year. I completed my fourth term as Hudson Gateway Multiple Listing Service Vice President. I was the New York State Association of Realtors Vice Chair for Technology. The firm benefited from its continued membership in Westchester Real Estate, Inc. I also served in my second year as a member of Zillow.com’s Agent Advisory Board.
There is more good news as we go into 2014. We have a healthy pipeline of pending transactions under contract. Our membership has swollen to over 40 licensees with another dozen primed to join us in the first quarter of 2014. After 4 years as MLS VP, I will be the Hudson Gateway MLS President starting in January. I will also be the Chair of the NY State Association of Realtors Tech Forum. A property management division is in the plans, and our rental division will be official in another week or two when 914rentals.com goes live. NYMetroRentals.com is not far behind. Overall, our web presence, especially our mobile capability, is flourishing. More tech tools for our agents to make them even better equipped to help clients are on the way as well.
The company is continuing to grow and diversify. Jenn Maher and I have formed J. Philip Commercial Group, a separate brokerage company devoted solely to Jenn’s expertise in commercial real estate. The firm will open its doors in Mahopac, New York in the first quarter of 2014 with Jenn as the Managing Partner. The location will also serve as a branch office for our residential division, dedicated to serving the needs of Putnam County home buyers and sellers. We are also in discussions on a southern Westchester branch in 2014.
Jenn has been a rock star. She’s been integral in the expansion of the firm’s YouTube channel collaborating with me on a number of industry related videos, she has done yeoman work on bringing more licensees aboard our company, orchestrated team meetings and training, and was my conciliere of sorts on many occasions. If the firm gave out an MVP award, Jenn would be the recipient.
In short, we are no longer a mom and pop firm. We are a strong, growing concern that worked lean and mean through the housing crash and has come into the recovery primed to make a strong mark. I am incredibly gratified to work with this team of professionals, and as crazy as it sounds, I am confident that at the end of 2014 we could well have 100 agents and 4 branch offices with production more than doubled again. It goes without saying, but I’ll say it anyway, that I am forever grateful to Ann Faranda for her hard work, her patience, and her support.
On Being Household Name-or Not.
Name recognition is something all business enterprises aspire to have. A good reputation, a book of business, “getting your name out,” is the goal of every company. In a brand conscious place like Westchester County, it is the holy grail. That being said, industry specific circumstances often make that aspiration a constantly moving target. For example:
Name a great proctologist you would swear by in Armonk.
Who is the best architect in Dobbs Ferry? Or the top 3?
Off the top of your head, who is the “go to” interior decorator in Harrison?
If your car were totaled, who would you call to buy a new vehicle that you absolutely know would be honest to a fault and take awesome care of you?
You need a wedding planner. Who do you know would make the magic day magic?
You need a child psychologist. Who do you entrust your son or daughter to?
The chances are that you’d ask your sphere of influence for input. And the chances are high that the names of the proctologist, decorator or wedding planner are names you have never heard before. And I’ll bet that doesn’t factor in, because these are things that you don’t do every day.
Now let me ask you this: How often do you buy or sell a home? Once in your life? Three times? Five? For most people, the answer is “not often.” And many times, when I am referred to someone who wants to buy or sell property, the person referring me tells me that their friend/relative/co worker said they never heard of me. Now, this doesn’t bother me. There is no J. Philip Blimp (yet). But it bothers the associate or past client who is recommending me. I have to laugh, because as well as they may know me from past dealings, unless a person is connected to real estate, they have no reason to know me or any other agent for that matter.
Real estate is a specialized field in that it is a transaction that seldom occurs. It is no sin to not have the same name recognition in real estate as a soft drink, automobile maker or chain restaurant. As a matter of fact, real estate is the one field where being a big box name, for some people has the exact opposite meaning to the public as other industries.
Here’s what I mean- take a wedding for example:
Would you want your wedding catered by a well known hamburger franchise?
Would you buy a wedding dress at a department store with an automotive department a few aisles down?
What about the photos? After the ceremony would you head down to the strip mall and have your wedding portrait taken at the photography kiosk next to the half-off DVD bin?
What about the flowers? Wouldn’t the supermarket be more cost effective than a florist?
Most would agree that it would be absurd to have any mass produced servicer for something as special and rare as a wedding. Yet I speak with literally hundreds of people a year who entrusted the rare, special and largest financial event of their life to someone because they saw their company’s signs all over the place or their ads in the margins of their online newspaper. And they regretted it.
There is no Proctologist Hut.
I know of no Child Psychologists- R- Us
Architect-Mart wouldn’t catch on.
Name recognition is equally dubious in real estate in most cases. The idea that if a company or agent spends a ton of money on marketing then they must be good is fallacious in my 17 years of experience. National brands are meaningless in something as expensive, rare and high stakes as real estate. Buyers don’t care who a house is listed with, they care if it suits their needs. And as far as big box firms having more “tools” and exposure than smaller independents, why is my little firm outperforming the market by well over 50%? Why are over half of my sold listings the ex clients of franchises and “market leaders?” Consumers learn fast to do more due diligence on their broker than buy the marketing pitches.
Here is what I tell my frustrated friends and colleagues to say when they are told by a prospective referral that they never heard of me or my firm:
Now you have.