3 Keys to Success: Honesty, Collaboration and Follow-Up

By Susanne Dwyer

Susan_Steve_Hanson

In the following interview, Susan Hanson, Steven Hanson and Joe Balestriere of the Hanson Realty Group with William Raveis Exceptional Properties in Fairfield County, Conn., discuss the dynamics of their group, operating a team, and more.

Years in Real Estate: 15
Region Served: Lower Fairfield County, Conn.
Average Market Time: The average for Q1 2017 was 83.62 days. Our goal is to have our listed houses sale pending within 30 days.
Number of Team Members: 5

Do you divide tasks based on individual roles (e.g., listing agent, buyer agent, etc.)?
Susan Hanson:
No, we don’t actually do that. We’re pretty much our own selves. We support each other, ask opinions and maybe tag along on certain presentations because we think another person has a stronger skillset for that seller or buyer. It really does make a difference. Not only do we complement each other, but we back one another up all the time.

What marketing method do you find most effective?
Joe Balestriere:
Facebook and social media are huge.

Susan Hanson: We recently changed our eye doctor because ours retired. The first time we went into her office she said, “You two look really familiar.” When we went back for a follow-up, she said, “I know where I’ve seen you—Facebook—your ads are paying off.”

How does being on a team differ from being a solo agent?
Susan Hanson:
I personally think it’s huge. It’s a sounding board. Joe will come up and tell me he’s having a challenging transaction, and I’ll tell him it’s something we’ve seen and dealt with before. We then brainstorm together to come up with the best solution. Every transaction is different.

Joe Balestriere: Sometimes you’re in a sea of transactions alone, and having someone to help you as a solo agent isn’t easy. Even today, seven years later, I’m still seeing things I’ve never seen before.

What are you most proud of about your team?
Susan Hanson:
I think we go way above and beyond most real estate agents. I think listening to and understanding the client is very important. We’re very honest and we don’t sugarcoat. We’re very quick to react, and we follow up on showings and open houses for feedback. We also watch the market indicators if a price adjustment is needed.

Steve Hanson: Our team has all aspects covered. Combined, we’re a very strong team, and we have experience in all aspects of real estate. The bottom line is we’re honest and we treat people the way we’d want to be treated. We don’t try to pressure them, and we don’t try to tell them things they’d rather hear instead of the reality.

Joe Balestriere: Our willingness to take the time to do things other real estate professionals don’t do. This even includes hosting a tag sale for your client because they might not be able to do it themselves, or making sure you mitigate certain risks like going into the city and doing a municipal search. Susan taught me the importance of doing as much as you can before the transaction starts instead of …read more

From:: Real Estate News

Jim Sparkman: Giving Agents an Advantage With Education

By Susanne Dwyer

Jim_Sparkman

In 2013, Jim Sparkman, Donald Sturgeon and Mark Farrow were all real estate agents at a firm in Salem, Ore., when all three individually had discussed leaving that brokerage and going in a different direction.

Sparkman came up with the idea of the three joining forces to form a HomeSmart Realty Group, a model the other two were not familiar with.

“Upon hearing his pitch, we saw that it truly was the future of real estate, and the direction the market was heading,” says Sturgeon. “The model itself and the support from HomeSmart was an opportunity we couldn’t pass up, and we decided doing it together would be more successful than any one of us would be on our own.”

Combined, the trio has 46 years of experience in the real estate business, and that knowledge has positioned the firm as a leader in the market in a short period of time.

“It’s been a strong year here in the Willamette Valley. Property values are up about 8 percent from 2016, though inventory is still incredibly low and continues to get lower,” says Sturgeon. “We’re beginning to see properties have a little more days on market, but it’s still definitely a seller’s market here. We can see that we’re plateauing to a certain extent right now.”

The biggest challenge as a brokerage, Sturgeon says, is how fast the market has grown and staying ahead of that growth.

“We went from 14 agents when we opened to 230-plus,” he says. “One of our greatest challenges is making sure we have all the pieces in place to still deliver a high level of service to all our agents, and as we grow, making sure the level of service doesn’t wane. We also need to make sure we have the backend support. Hiring strategic staff and making sure our facilities are adequate for our agent count and need is also important.”

And the growth isn’t going to stop anytime soon. The company started in Salem, grew into Portland, became licensed and took over territory in Vancouver, Wash., and is currently looking at two other strategic sites in the Northwest along the I-5 corridor for more expansion.

Farrow notes that the Salem office is also moving its facilities from a 1,600-square-foot office to one nearly three times its size in a recently renovated building.

When it comes to its team of agents, the three co-owners all feel that training is an important aspect of success, and the goal is to establish a long-term relationship with agents and set them up with a certain level of success right off the bat.

“One of the things we all strongly agree with in our business plan is education,” says Sparkman. “We want to keep ourselves ahead of the market, and we do that with training. We have regular weekly training classes, and we conduct an extensive new agent training program once they come fresh out of real estate school.”

The new building will also include a training facility, and some form of training will be occurring either live …read more

From:: Real Estate News

20 Mortgage-Related Events Over Next 90 Days

Over the next three months, 20 mortgage-related conferences, forums and workshops are scheduled to take place. Topics to be covered include bankruptcies, mergers and acquisitions, and reverse mortgage technology.

The Mortgage Daily Mortgage Conference Calendar has 10 mortgage-related events listed for December. The first month of next year has five events, as does February 2018.

In Palm Springs, California, the American Bankruptcy Institute is holding its ABI Winter Leadership Conference. The event kicks off on Nov. 30 and concludes on Dec. 2.


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From:: Financing

Macy’s stock drops amid reports of Black Friday credit-card glitch

Shares of Macy’s Inc. fell 0.5% in the late session Friday amid reports it was having trouble with its credit card systems. A Macy’s spokesperson told CNBC it has taken longer than usual to process some credit and gift cards, but the retailer has added salespeople to its floors to try to help the issue. Macy’s customers took to Twitter to complain about the slowdown. Macy’s earlier this month reported third-quarter earnings above expectations, but quarterly sales missed the mark thanks to previously announced store closures.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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Stitch Fix Inc. shares closed at a record high Friday, a third straight trading day of gains since the company’s lackluster initial public offering last week. The company’s stock closed at $18.62, up more than 7% after touching an intraday record of $19.49, besting its first trading day high of $18.53. Investors sent the stock up 6.4% Tuesday and 10% Wednesday ahead of Black Friday. Though analysts interviewed by MarketWatch said the company is worth watching, its IPO was far from a textbook success. The S&P 500 index is up 16% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Oil ends at more than 2-year peak on bullish bets ahead of OPEC confab

U.S. oil prices rose on Friday, settling at a 21/2-year high, as investors focused on a disruption to a major crude-oil hub in Oklahoma and looked ahead to a key meeting of the Organization of the Petroleum Exporting Countries next week. West Texas Intermediate crude oil trading on the New York Mercantile Exchange for January delivery finished up 93 cents, or 1.6%, at $58.95 a barrel. For the week, WTI crude oil, the U.S. benchmark, closed with a weekly climb of 1.8%, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

London police find no trace of gunfire in shopping district

Two London underground train stations reopened Friday evening after police said they didn’t find evidence that shots had been fired in a busy shopping district. The Metropolitan Police shortly after 4:30 p.m. local time began responding to “numerous” reports of gunfire on Oxford Street and at the Oxford Circus Tube station. “To date police have not located any trace of any suspects, evidence of shots fired or casualties,” the Met said in a statement. “Our response on #OxfordStreet has now been stood down,” the police said in a follow-up statement on Twitter. The Oxford Circus and the Bond Street Tube stations are back in operation. The British Transport Police said there was one report of a woman sustaining a minor injury as she exited the Oxford Circus station.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Amazon stock surges to another record to pace Black Friday retail sector gains

Shares of Amazon.com Inc. shot up 2.6% Friday, amid reports of strong growth in online holiday sales, to post their third-straight record close and 10th record since reporting blowout third-quarter results on Oct. 26. Amazon’s stock was the biggest percentage gainer of the SPDR S&P Retail ETF’s 87 equity components. The latest update from Adobe showed that total online spending on Thanksgiving rose 18% over last year to $2.87 billion, while Black Friday online sales had already reached $640 million by 10 a.m. ET. Separately, Amazon said Friday that it would offer those who spend $30 at a brick-and-mortar Amazon Books store a $10 discount to be used on Amazon’s website. Amazon’s stock has soared 22% since Oct. 26, while the retail ETF has gained 1.9% and the S&P 500 has tacked on 1.6%. During that time, Amazon’s market capitalization has ballooned by $102.91 billion to $571.50 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks close higher; S&P 500, Nasdaq end at records

U.S. stocks closed higher on Friday, with the S&P 500 and Nasdaq Composite ending at all-time highs. All three main benchmarks posted their first weekly gains in three weeks. The S&P 500 gained 5.34 points, or 0.2%, to 2,602.42. The Dow Jones Industrial Average gained 31.81 points, or 0.1%, to 23,557.99. The tech-heavy Nasdaq Composite index advanced 21.80 points, or 0.3%, to 6,889.16. Retailers such as Macy’s Inc and Amazon.com. were in focus as the Black Friday shopping holiday kicks off. Macy’s Inc gained 2.1%, while Amazon.com rose 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Amazon driving traffic to bookstores with discount offer

Amazon.com Inc. said Friday that it would give shoppers who visit an Amazon Books store and spend $30 between Nov. 24 and Nov. 27 a $10 discount to be used on the e-commerce giant’s website. Amazon Books is cashless. Purchases can be made using a Prime member’s account or a card payment. Amazon has 13 Books stores nationwide with three stores in Maryland, Texas and Washington D.C. coming soon, according to the website. Amazon shares are up 2.3% on Friday and up nearly 58% for the year so far. The S&P 500 index is up 16.3% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News