Realtors Support OCO, Homeless

 

 



Oswego County Opportunities (OCO) PATH program was once again the benefactor of the Oswego County Board of Realtors  annual fundraiser.  A transitional living program for homeless young people ages 16 – 21, PATH provides the opportunity for these young people to learn independent living skills, complete educational goals and become responsible members of the community.
“Each year our members open their hearts and their pocketbooks to support the PATH Program,” said Gene Friske, Executive Officer of the Oswego County Board of Realtors. “We are happy to be able to assist such a worthwhile endeavor as OCO’s PATH program and I am pleased to say that our support has increased steadily over the years.”
Friske added that in addition to their support of OCO’s PATH program, the Oswego County Board of Realtors also provides scholarship awards for 3 students from Oswego County High Schools.
Established in 1991 PATH is entering its 25th year of providing services to young people in the community.
For PATH Coordinator Karen Merrill it’s the support of caring individuals and organizations such as the Oswego County Board of Realtors that allow PATH to continue to offer services to homeless young people.
“The continued support we receive from the Oswego County Board of Realtors is vital. Many of the funding sources have limitations as to what is allowed to be spent and holidays are not included. Thanks to the generosity of the Oswego County Board of Realtors we are able to provide those in the PATH program with a little something special at Christmas. For many, the presents we provide them with will be the only ones they receive. When their Christmas lists include items such as food, shoes and clothing it brings things into perspective. When many of these youth are asked to make a Christmas list, some of them have never been asked what they wanted for the holidays before and cannot recall many joyful memories concerning the holiday season. The homeless youth population continues to be a very misunderstood and many times, unjustly criticized population. The PATH program helps youth realize that they are members of the community and that their community supports them and acknowledges the positive things they are doing to better themselves many of our participants graduate from high school, attend college and obtain jobs,” said Merrill.
“We could not exist without donations from the community, added Merrill. “These local funds count as a match for state and federal dollars, in essence, a dollar can potentially help the agency bring in two additional dollars from state and federal funding. We are very thankful for the generous donation we received from the Oswego County Board of Realtors and all the effort that goes into organizing their fundraiser.”
The OCO PATH program is funded by the United Way of Greater Oswego County, Oswego City/County Youth Bureau, NYS Office of Temporary Disability Assistance and the Department of Health and Human Services.
This article was supported by Grant Number 90CX6963 from the Department of Health and Human Services, Administration for Children and Families.
Its contents are solely the responsibility of OCO and do not necessarily represent the official views of the Department of Health and Human Services, Administration for Children and Families.
A non-profit agency, OCO will be celebrating 50 years of service in 2016.
OCO offers more than 50 human service programs that serve more than 24,000 people each year.
Operating in more than 80 locations throughout Oswego County, OCO’s workforce has more than 550 employees and 1,200 volunteers.


Meet Linda Cappella, CDAR's Realtor of the Year

 

I was living in Encino, and I was an office manager at a real estate company that did real estate auctions. I was cutting these huge checks for all men — all the people who worked in the industry were men at the time. This was in the mid-1980s. I was cutting these huge checks for these men and I thought, 'I need to get my license.' I went and got my real estate license in the 1990s and I started making the big bucks like the boys, so to speak.

I started doing a lot of propate and conservatorship work for real estate auctions. It was a very different concept, and it really gave me a nice background to go into residential when I moved out here to the desert in 1997.

When I came out here, we were building a home in Indian Ridge Country Club, and I was asked to join (the on-site sales office) and start up the resale side... to fine-tune it and kind of run it. I did not want to go into new home sales, I wanted to stay in resales. I joined Dyson and Dyson, then went onto Windermere, and I broadened my experience to Palm Desert, Indian Wells and La Quinta.

What was the real estate industry like when you joined it in 1990?

Especially in this business, I found it very challenging to keep up with the pace. (Real estate) was pretty predominantly men, and all the auctioneers were men, attorneys were primarily men. I think that’s what kind of pushed me, writing these huge checks for all these men, that’s what really pushed me to getting my license.

It was probably one of the best things I ever did, because I love the business. It's still like every deal is the first deal. It’s a thrill. Every listing is a challenge to get it sold, and it really is exciting. People say, Linda, you see yourself retiring in 10 years? No. I can’t imagine not doing this business.

How has the industry changed since you joined it? 

There’s a lot more women in the industry, which I think is great. Of course, I’ve seen the market at its peak, I’ve seen it at its lowest, right now it’s starting to come back. I’ve seen the industry when interest rates were very, very high, and people were paying a lot to get a loan.

Some years ago, even 15 years ago, it was a much older clientele, and now it’s more Millennials. A lot of the homes in the country clubs are owned by people who, when then they pass on, it’s their kids who are inheriting the houses, and they may not want to sell the house, they may want to rent it and keep it for themselves. You’re dealing with a broader age range now than I did when I first started out here in the late 1990s.

What do you hope to accomplish going forward? 

Real estate is really the heart and soul of what I do, and of course I’m very entrenched at the board level (at the California Desert Association of Realtors). I’m going to start my second year on the board of directors, and I absolutely love that... It's decision-making, very hands-on, and I really, really love that.

I've had a great time doing community service. We are constantly planning events to raise money for different local charities here in the desert. (Cappella pointed to Kelsey's Heroes and ThriveOn, local charities for which she believes CDAR's fundraising can make a big difference). I like to be involved with charity or volunteer work, and I'm finding I can do a lot of that, and I can involve all the Realtors in it. It's a nice way to spend any extra time that you would have — and with that and my grandkids and great-grandkids, that's all the time I've got!

Local Realtors collect toys, cash during holiday party

During its 2015 holiday party at Seacrets, the Coastal Association of Realtors collected over 100 toys for the Toys For Tots Foundation and raised $1,000 for Wounded Warrior Project.

This is the second year the association has collected donations for both organizations during its holiday party.

Sgt. Joshua Carson of the U.S. Marine Corps Recruiting Station in Salisbury helped collect the toys for the Toys For Tots Foundation.

Retired Army Cpl. John Rego attended the party on behalf of Wounded Warrior Proejct. He was a Special Operations Army Ranger in the 75th Ranger Regiment and was seriously injured in Iraq in April 2003. With the help of Wounded Warrior Project, Rego has fully recovered and now works for Coastal Association of Realtors affiliate member T&G Builders in Berlin and competes in triathlons.

“It’s always important to give back to our community, and CAR works throughout the year to fundraise and volunteer for various local organizations,” said CAR President Linda Moran. “But it’s particularly important to give back during the holidays. I’m very proud of our members for stepping up to collect more toys and donate more money than last year.”

Austin Realtors reveal annual award winners

 

Austin Board of Realtor's annual awards and leadership installation luncheon is still about three weeks away, but the honorees have been named — along with some official comments from the 2016 president, Aaron Farmer, the founder of Texas Discount Realty.

Farmer said the competition was more intense than ever among some 11,000 members.

Realtor of the Year: Bill Evans, owner or Austin Real Pros and former president of ABOR. Evans was selected based on his leadership with the organization and for his advocacy on behalf of the Texas Real Estate Political Action Committee.

Salesperson of the Year: Susan Horton, broker associate of John Horton Realty. With 25 years experience, Horton closed more than $14 million between September 2014 and August 2015. She has a history of participation and volunteerism is the real estate community.

Realtor Community Service Award: Socar Chatmon-Thomas, president and CEO of Elegant Estates by Auction. Chatmon Thomas serves on numerous community boards, including the Ballet Austin Guild, Austin Area Heritage Council, Foundation Communities and The Trinity Center for the Homeless. She volunteers at her church and for the Girl Scouts in addition to her volunteer leadership as the state director for the National Association of Realtors.

 

Rookie of the Year: Tracey Lazorik, Realtor with Diane Dopson Properties. A former employee of Dell Financial Services LP, Lazorik has been a Realtor for a little more than a year. In that short time, she has closed nearly $4 million in real estate deals. Lazorik also is a prolific volunteer with Saint Vincent de Paul ministries, Center for Child Protection and Austin Pets Alive.

Affiliate of the Year: Christina Isaac, business consultant with North American Title Co. Isaac is being honored for her business experience and community service, including Operation Turkey, which serves Thanksgiving meals to the homeless and others needing a hand, as well as Team Red White and Blue, which connects veterans with pertinent community activities.

This year's winners will be honored at the ABOR annual luncheon on Jan. 16 at the organization's headquarters on Spicewood Springs Road.

Greenwich Association of Realtors Comes through for Kids in Crisis in a Big Way

 

 

The Board of Directors of the Greenwich Association of Realtors and the Greenwich Multiple Listing Service, Inc. have approved a $10,000 donation to Kids in Crisis to support its mission in providing free, round-the-clock crisis counseling and temporary shelter for infants, children and teens.

The Greenwich Association of Realtors upped their commitment to Kids in Crisis after learning about the State of Connecticut’s cuts in funding.

“Realtors are committed to supporting their community and we encourage others in the community to help,” said Joann Erb, President of the Greenwich Association of Realtors.

“We’re grateful for the Greenwich Association of Realtors for their ongoing support of Kids in Crisis and their commitment to helping our children in light of the recent loss of state funding,” said Shari Shapiro, Executive Director of Kids in Crisis.

Kids in Crisis, based in Cos Cob, is Connecticut’s only free, round-the-clock agency providing emergency shelter, crisis counseling and community educational programs for children of all ages and families dealing with a wide range of crises – domestic violence, mental health and family problems, substance abuse, economic difficulties and more.

Since its founding in 1978, Kids in Crisis has helped more than 132,000 Connecticut children and families. Last year the organization provided assistance to 6,184 children and families.

The Greenwich Association of Realtors is the professional trade association for the real estate industry in Greenwich. Established in 1924, the association provides professional development and services for Realtors and represents the concerns and interests of private property and home ownership rights. The association has over 800 members and is headquartered in Greenwich.

Realtors Gain Status, Clients by Offering Swift Info

 

 

Prospective home buyers and sellers benefit when working with a Realtor who delivers meaningful information in a succinct, clear, yet conversational way.

Not surprisingly, real estate professionals who concentrate on fulfilling client needs see their practice grow as their reputation as a credible real estate expert expands.

Those conclusions came during a forum discussion as Realtors from throughout the nation met recently in San Diego.

Celeste Starchild, vice president of Move and general manager at ListHub, shared business intelligence about how consumers are increasingly using online and digital technology during the home search process.

She also discussed ways Realtors can utilize search engine optimization and targeted advertising to reach consumers at the time they are most ready to buy or sell a home.

According to Starchild, a majority of consumers today are what she called “digital natives.” Mostly from either the Millennial or Gen X generations, these are potential buyers who have been around technology their entire life and never experienced a time when the Internet was not readily available.

As time goes on and technology evolves, there are increasingly more people who don’t know how to do business without going online first.

“Consumers want immediate responses from their friends and family via email and texting,” she said. “Realtors risk missing an opportunity with this important buyer demographic if they aren’t responding in a timely, informative and personable manner.”

Explaining ways Realtors can be more visible to consumers online, Starchild said it’s important to focus advertising efforts on performing websites like Realtor.com, and utilizing search engine optimization can ensure that a Realtor’s name and brokerage show up at the top of the list on search engine sites.

“Search engine marketing drives high quality and high volume leads,” she said. “If you have the budget, you can pay for the right to have your name and business visible to practically all consumers looking for an agent online in a specific location.”

Predictive advertising efforts on social media – especially Facebook – can also be an extremely successful and cost-effective marketing tactic for Realtors.

Starchild described scenarios such as marriage, job relocation and child birth as home purchase drivers that Realtors can focus on by having a targeted ad with their information appear on the right side of a potential buyer’s Facebook page.

“Reaching the right consumers at the time they’re most ready to buy is powerful and effective,” she said.

Practically every interested buyer or seller will search online for information about a Realtor and likely read reviews before contacting them.

What comes up in those search results is what consumers will use to determine whether or not to reach out.

“It doesn’t matter where on a search list a Realtor shows up if they don’t have an updated profile with a professional headshot, listed contact information and a few client recommendations,” she said. “Failing to do so will ultimately lead to missed business.”

Once a potential client has requested information about a listing, Starchild said data shows a Realtor can increase their contact rate by as much as 900 percent by responding to leads in the first five minutes. Whether it’s personally in a few sentences or in an automated message with a promise to follow up quickly, that initial communication is crucial.

“Consumers are looking for facts, and they want them now,” she said. “How you respond and interact with them influences their decision on whether or not they’re your client forever, or they’re on to the next one.”

Bob Khalsa is President of the Santa Clarita Valley Division of the 9,100-member Southland Regional Association of Realtors. David Walker, of Walker Associates, co-authors articles for SRAR. The column represents SRAR’s views and not necessarily those of The Signal. The column contains general information about the real estate market and is not intended to replace advice from your Realtor or other realty related professionals.

Norm on 70% money in escrow to hit realtors' cash flow to hit realtors' cash flow

 

Normally, developers presell their apartments at lower price points to buyers before obtaining approvals to part-fund land acquisitions

 

WASHINGTON, Dec. 18, 2015 /PRNewswire/ -- A significant piece of tax legislation is now on its way to the President's desk, and the bill includes the extension of a number of expired tax provisions important to supporting homeowners and real estate investment.

Tom Salomone, National Association of Realtors® president and broker-owner of Real Estate II Inc. in Coral Springs, Florida, praised Congressional leaders today after the House and Senate passed a tax extenders package that includes many provisions supported by NAR.

 

"These tax extenders offer critical support for consumers, homeowners, commercial property investors and small businesses alike," said Salomone. "A strong economy requires certainty, and this proposal gives a healthy dose of it to millions of American taxpayers."

Salomone highlighted the decision to extend tax relief for mortgage debt forgiveness as a win for Realtors®. This provision protects underwater homeowners from incurring a large tax bill on phantom income in connection with a workout or a short-sale. Since 2007, this tax relief has strengthened individual communities and the broader economy as more distressed homeowners were offered the flexibility to responsibly address an underwater mortgage. The tax extenders deal offers an additional two years of protection covering tax years 2015 and 2016.

The bill also includes a permanent extension of a 15-year cost recovery period for the depreciation of qualified leasehold improvements. This provision ensures that a commonsense cost-recovery period remains permanently in place for improvements made to nonresidential commercial property.

Real-estate related provisions also include the renewal of certain incentives to promote energy efficient commercial and multifamily buildings. Similarly, an expired tax credit of between $1,000 and $2,000 for energy-efficient new homes is extended for an additional two years under the bill.

The legislation also permanently extends rules allowing small–and mid–sized businesses to immediately expense business equipment, rather than depreciate the equipment over several years.  This is important to Realtors®, who purchase new computers, copiers, cameras and even vehicles in the course of doing business.

Finally, the tax bill also includes changes to the Foreign Investment in Real Property Tax Act (FIRPTA) that will ease restrictions on investment in commercial real estate.

NAR sent a letter to House and Senate tax-writing committees as the final package was being developed to ask for support on maintaining these key provisions. Salomone thanked members on the committee for their leadership and attention to Realtor® concerns.

"We're grateful for the leadership shown on this important piece of legislation and look forward to continuing our work in support of homeownership," said Salomone.

The bill is expected to be signed quickly into law by the President.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

National Association of Realtors® Applauds Passage of Tax Extenders Package

WASHINGTON, Dec. 18, 2015 /PRNewswire/ -- A significant piece of tax legislation is now on its way to the President's desk, and the bill includes the extension of a number of expired tax provisions important to supporting homeowners and real estate investment.

Tom Salomone, National Association of Realtors® president and broker-owner of Real Estate II Inc. in Coral Springs, Florida, praised Congressional leaders today after the House and Senate passed a tax extenders package that includes many provisions supported by NAR.

 

"These tax extenders offer critical support for consumers, homeowners, commercial property investors and small businesses alike," said Salomone. "A strong economy requires certainty, and this proposal gives a healthy dose of it to millions of American taxpayers."

Salomone highlighted the decision to extend tax relief for mortgage debt forgiveness as a win for Realtors®. This provision protects underwater homeowners from incurring a large tax bill on phantom income in connection with a workout or a short-sale. Since 2007, this tax relief has strengthened individual communities and the broader economy as more distressed homeowners were offered the flexibility to responsibly address an underwater mortgage. The tax extenders deal offers an additional two years of protection covering tax years 2015 and 2016.

The bill also includes a permanent extension of a 15-year cost recovery period for the depreciation of qualified leasehold improvements. This provision ensures that a commonsense cost-recovery period remains permanently in place for improvements made to nonresidential commercial property.

Real-estate related provisions also include the renewal of certain incentives to promote energy efficient commercial and multifamily buildings. Similarly, an expired tax credit of between $1,000 and $2,000 for energy-efficient new homes is extended for an additional two years under the bill.

 

The legislation also permanently extends rules allowing small–and mid–sized businesses to immediately expense business equipment, rather than depreciate the equipment over several years.  This is important to Realtors®, who purchase new computers, copiers, cameras and even vehicles in the course of doing business.

Finally, the tax bill also includes changes to the Foreign Investment in Real Property Tax Act (FIRPTA) that will ease restrictions on investment in commercial real estate.

NAR sent a letter to House and Senate tax-writing committees as the final package was being developed to ask for support on maintaining these key provisions. Salomone thanked members on the committee for their leadership and attention to Realtor® concerns.

"We're grateful for the leadership shown on this important piece of legislation and look forward to continuing our work in support of homeownership," said Salomone.

The bill is expected to be signed quickly into law by the President.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

Hyd Park‎ to In conversation with Sri K T Rama Rao (KTR)

 

 

Welcoming all citizens of the twin cities for this fascinating conversations on all things Hyderabad with Mr. K T Rama Rao (KTR) at 6.30 pm today at Rock Heights, Shilparamam.

Looking forward to seeing you there. The event is FREE and OPEN to all of us.

Realtors upbeat over easing of FDI norms

 

Real estate industry expects inflow of foreign capital in the sector to be more than 15 per cent after the government eased FDI norms, a survey by industry body FICCI said.

With the real estate industry facing a huge slowdown for the past 2-3 years, the government last month relaxed foreign direct investment (FDI) norms in construction sector by removing two major conditions related to minimum built up area as well as capital requirement.

“According to FICCI survey, industry is happy and satisfied with current FDI reforms in construction development sector and has shown high level of confidence and optimism towards future flow of foreign capital into realty sector,” the industry chamber said in a statement.

The survey amongst various stakeholders comprising developers, investors and consultants was conducted to assess the mood of real estate industry and their perception on relaxed FDI norms for the real estate sector.

“Respondents were optimistic and felt that FDI reform measures will certainly increase flow of FDI into realty sector in coming months.

According to DIPP, Indian real estate has attracted about $24.16 billion FDI in construction development sector during April 2000 to September 2015.

However, FDI in construction development sector has been declining over the past few years due to regulatory issues and slowdown in Indian real estate, FICCI said.

Majority of the respondents fell that the commercial and retail sector would receive maximum foreign capital followed by the residential sector.

Almost all respondents felt that the easing of exit norms would cheer foreign investor community and have a major impact on attractiveness of Indian real estate going forward.

To attract FDI in realty sector, the industry has suggested that states should put in place a more efficient approval process system of projects.

The states should ensure better governance through measures such as single window clearance, time bound clearances, quicker legal remedies for investors and faster resolution of consumer woes through regulations such as state real estate regulators, among others, it said.

Godrej Properties sells 300 apartments in a week

Mumbai-based real estate developer Godrej Properties announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai. This represents more than 80 per cent of the 374 apartments it opened for sale in the first phase of this project. The value of apartments sold is in excess of Rs700 crore making this Godrej Properties’ most successful ever launch in terms of value of real estate sold. This is also one of the country’s most successful recent launches.

The Trees mixed-use development contains a commercial precinct spread across 9.4 acres, which houses Godrej One, the Godrej Group’s global headquarters. Commenting on the development Pirojsha Godrej, Managing Director & CEO, Godrej Properties, said, “We are thrilled with the customer response to the launch of The Trees in Vikhroli. We will do everything possible to ensure we deliver our customers an outstanding and innovative project.”

Housing.com to get $50 million from Japanese bank

Japan’s SoftBank is set to offer $50 million funding to housing.com. The Mumbai-based start-up, which is backed by SoftBank, Falcon Edge Capital and Nexus Venture Partners, has already raised $100 million.

According to a senior executive from Housing, SoftBank would be investing $50 million in the start-up in “December or latest by January”.

In August, Housing trimmed its verticals and laid off 160 people as part of its growth strategy. Another round of lay-offs was effected in November and the company was able to reduce its burn rate.

The start-up, founded in 2012, has also brought together its sales and marketing division to strengthen it and form “better synergy with monetisation and focus on core fundamentals”.

Of its five verticals — rent, buy, land, short stays and commercial — Housing has decided to focus only on the buy-sell segment.

Mumbai, B’luru to lead in Grade A office stock

Mumbai and Bengaluru are expected to lead the country in terms of total operational Grade-A office stock of 100 million sqft and about 93 million sqft, respectively, by the end of 2015, according to a study.

Strong demand from IT occupiers for relatively larger spaces is helping Bengaluru to build more, which will gradually narrow down the gap in operational stock of both these cities, the study said.

The study titled 'Housing for All: Catalyst for development & inclusive growth,' was conducted by The Associated Chambers of Commerce and Industry (ASSOCHAM) jointly with property advisory firm JLL.

Amid tier-II cities, Pune is expected to lead the market in constructing new office spaces thereby adding about 45 million sqft space, it said. According to the study, the total stock of Grade-A office space across top seven cities is likely to settle at 440 million sqft by end-2015.

Robust take-up of about 31 million sqft is projected for 2015 while a total of about 34 million sqft of office space is expected to become operational.

“Over the past few months, an improvement was seen in occupiers' sentiment in commercial real estate”, said D S Rawat, secretary general of ASSOCHAM while releasing the findings of the study.

“With a pro-business government at the Centre, the office sector is expected to see a lot more traction and various multi-national (MNC) occupiers and investors entering the country”, said Rawat.

During the second half of 2015, an improvement in business sentiment will likely result in greater confidence and implementation of expansion plans will result in an increase in net absorption, the study said.  — Agencies