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New Trends in New Construction

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There’s always a rhyme and a reason for what we do in the world of Real Estate.  Your agent is a big player in making sure you get the right home – but behind the scenes, your agent is researching and learning all the time about new trends – new technology – and new opportunities.

Yearly, there is a survey ( Annual Builder Practices Survey ) that documents the ups and downs ( popularity ) of certain products and materials used in new home construction or home remodeling.  This is the best way to see and follow trends in our market on what consumers feel are worthwhile parts to their home.

As a soon to be new home owner, you may find these top trends as a way to support your decision making process on you “wants list” when searching for a home.

As an agent, this is a great yearly guide to help you market new construction as trendy and contemporary to investors or potential buyers!

Here at Rector Hayden, we grabbed some of the most interesting innovation statistics from the report, but you’re welcome to explore the entire report at HomeInnovation.com or the synopsis at Realtor.org

 


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1. THE COMEBACK:  The Single Basin Kitchen Sink

In single-family homes the single basin kitchen sink made a growing comeback from 5% to 20%!  Granite/Stone sinks are rapidly increasing in popularity as well as enameled cast iron while one-piece marble is rapidly declining.


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2. AND BEHIND DOOR NUMBER THREE: Three-Car Garages

In 2014, almost one third of all new single family homes had bays for 3 or more vehicles! HomeInnovation & BuilderOnline say that’s the highest percentage ever recorded in their study!


 

3. TAKE A DEEP BREATH: Whole-Home Ventilation

A spike in new construction including whole-house ventilation charactizes trends from 2014.  27% of new SFD (single family dwellings) had whole-house ventilation – that’s up from just 9% the previous year.


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4. HOLDING STRONG: The Side-by-Side Refrigerator

The side-by-side refrigerator is still the most common appliance choice in new homes nation wide.  However, Freezer-on-bottom are growing which could indicate that style as cutting-edge and trendy!


 

 

Thank you to BuilderOnline.com for their synopsis and findings as well as www.HomeInnovation.com for statistical analysis and reporting, and realtor.org for dissemination.

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Inspiration – Listing Presentation, E-Newsletters,

“5 Slides Your Listing Presentation Needs in the Digital Age”

From: 

Paperless Agent is a great source to follow, and routinely have webinars and ebooks available for agents at a minimal price.  Usually, the also send out weekly tips along with their event invites!  (Great Item of Value!)  This week, I received tips on 5 slides you need in a listing presentation (slides can be sheets of paper, or it can be in the e-presentation you give them on your ipad!).  They were sent to me in an exclusive e-mail and now I’ve shared them with you!

Click the little drop down arrow to read the 5 steps! → 

1. Pre-MLS Marketing Plan: Show your potential client that you’re ready to roll right then and there with marketing strategies for the home prior to it even going on the MLS.  Do you network with other area agents?  Share your upcoming listings (while still adhering to EHO and NAR guidelines, of course).

2. Marketing Campaign:  Showcase how you will get your seller’s home in front of buyers.  Sellers expect you to market to popular channels so make sure address how you will market online!  Facebook Marketing, Kentucky.com, ListHub, RectorHayden Mobile App, and more!

3.  Staging + Photography:  A picture is worth 1,000 words!  Show examples to your clients of the homes you’ve previously sold and the professional photos!  If you use a professional photographer, have a mini portfolio of their work to share with your client.  Or, do some side by side comparisons of “The Other Agent’s” photos versus yours!  Remember to put your seller in the buyer’s shoes and remind them that almost all buyers start looking online so photos are important!  Staging and de-cluttering is also important.  Offer them the free Rector Hayden Staging Guide in paper format or online!

4.  Pricing & Preparation:  Emphasize the importance of the right price and the dangers of pricing a home outside of market expectations.  Beautifully prepared homes priced aggressively will generate lots of interest, get multiple offers, and make everyone happy in the end.

5.  Why Work with Me:  Compare your stats or Rector Hayden’s stats with the competition and market average.  Show that Rector Hayden has been serving over a third of all transactions in the Central Kentucky area or that our Days on Market is lower than the market average for homes!  Show what’s in it for the seller to work with you.

 


 

 

“How to Deliver E-mail Worth Reading”

From: reb_spot

The Real Estate Book is a unique source of great information for real estate agents all over the world.  It allows you to network and discuss with other agents, and learn all sorts of new tips and ideas for you, your clients, and their homes!  This article discusses 6 Tips on effective e-mail / e-newsletter writing.  We can all benefit from a writing refresher every now and again.  Take a few minutes to read through what REB says!

Read More → Read the Full Post at The Real Estate Book

 


 

“What is a 203K Mortgage?”

From BHHS Kansas City Realty’s Blog

[ Excerpt Taken from www.bhhskcrealty.wordpress.com – BHHS Kansas City Realty is a part of Rector Hayden’s National Network through Berkshire Hathaway and HomeServices of America ]

Consumers often find ample value in distressed homes – properties that are under a foreclosure order or up for short sale. In many cases, “distressed” speaks more to the condition of the home than their recent financial histories. They may have been empty for extended periods and subject to vandalism and theft.

If you are considering a home in need of renovation, you should consider a 203k mortgage. It would allow you to finance both the acquisition and rehabilitation with a single loan. There are two types of 203k loans: Read More  →  

203k Streamline: This is the most popular. The maximum allowable in repairs is $35,000 and does not allow any structural repairs to be done to the home (unless they’re a result of an unforeseen circumstance).

Full 203k: Allows for structural repairs and can exceed the $35,000 in home repairs. Both types allow up to $1,500 in swimming pool repairs.

Some important 203k facts:

  • •  Since it is based on the home’s potential value after repairs (not its existing value), you can be approved for a higher loan amount.
  • •  They carry long-term-fixed rates.
  • •  They’re insured as soon as they fund.
  • •  They include escrow accounts for the scheduled repairs.
  • •  Loan amounts are capped according to local FHA limits.
  • •  Only owner-occupied properties of one to four units qualify.
  • •  The home must be at least one year old.
Questions about Mortgages?  Contact Rector Hayden Mortgage Expert:
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Aaron Mason

Mortgage Loan Officer
phone: 859-685-2460
aaronamason@homeserviceslending.com
https://rectorhaydenmortgage.com/

 

Have a great week!
June Laves, Creative Visual Designer
Rector Hayden REALTORS

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This week is National Window Safety Week!

Courtesy of the National Safety Council
April 5 – 11 is National Window Safety Week!

From the National Safety Council:

The Window Safety Task Force works year-round to promote window safety awareness, and every April it sponsors National Window Safety Week. For 2015, Window Safety Week is observed April 5-11.

The week coincides with the arrival of spring, when homeowners naturally want to open their windows and let in fresh air. During this time, NSC and the Task Force encourage homeowners and caregivers to think about ways to help keep families safer, whether it’s protecting children from falls or practicing an escape route.

For safety’s sake, print our window safety brochure, checklist and kids’ activity book, and share them with everyone in your household so they are aware of their role in window safety.

By all means, let the warm spring breezes in. Just don’t throw safety to the wind.

You can download a printable version of the checklist here: National Safety Council Window Safety Checklist

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You can read more about window safety, and even get an activity book for your kids at the NSC Website!

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#RHRTipTuesday – What Your ‘About Me’ Pages Say About You

Last month REALTOR® Magazine published a fascinating article on the crucial impact your ‘About Me’ page holds when marketing yourself online.  The entire way you present yourself online can have an effect on whether or not someone will chose to work with you; maybe even more so that just a first impression or standard advertising!

If you pose with your dog, does that make you look unprofessional?

If your personal Facebook profile is open to the public, does that make you look unpolished?

REALTOR® Magazine set out to quantify the study of how seriously an online Bio can affect your persona by conducting a paneled study with consumers.  The consumers looked at profiles compared to their own wants and needs when looking for an agent, then explained the parts of the profiles that were less captivating or more captivating.  Here’s what they found…

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1. Sharp  Photos

Just like listing a house, when marketing yourself you need to have the best photos showing you off.  However, unless you’re trying to directly target an audience with your photo, it’s best to avoid anything too casual.  You can still think outside the box if you want to differentiate yourself, though!

Although there’s no right answer, panelists unanimously favored agents who used professional photos across online platforms and cautioned against using any image that appears too casual. Graham Wood, REALTOR Magazine

For example: Agents who specialize in rural areas or cabins could consider a professional (or at least high quality) photo of himself/herself in nature.  Or, an Agent who deals in luxury listings mostly could have a professional shot with a high end setting or back-ground.  This non-verbally shows that the agent truly understands a specific niche.

Use photos that depict how you look today—with a similar hair style and color. “It’s about being honest about who you are,” said June Wood, 67. Photo discrepancies can make you seem disconnected from the up-to-the-minute nature of online information today, she added. – From the article

It may be time to consider a new photo, especially if you’ve changed your hairstyle (or if it’s been a decade since your last one).  People can be turned off if they see too much of a discrepancy between photos on your professional accounts online, or when they meet you in person. You should also consider a new shot if your photo is a low resolution.  High definition photos are much more widely accepted. But even worse?  Having a profile with no picture…

Worse yet is not bothering to upload a profile photo and allowing the ubiquitous gray silhouette to stand next to your name. That sends the message you’re too lazy or time-crunched, or don’t have the technical know-how, to upload an image. – From the article

And you don’t have to spend too much on professional looking photos.  Rector Hayden’s in-house photographer, John Bell, will be happy to take some shots of you right here in the Beaumont Office.  We have professional lighting and developing so you can easily have a clean, sharp professional photo.


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2. Clear and Concise

Does your About section have a point?  Don’t get caught rambling on about things the general public has no knowledge of.

Panelists said one realtor.com® profile had a statement: “God isn’t making any more real estate! Therefore, I’ve learned that buyers buy and sellers sell at any time,” while true, didn’t give offer them a reason to work with that agent.  Panelist Matt Bell, 30, said general statements provide little value.

Instead, talk about yourself and your experience.  What makes you the best choice for this consumer?  You should add a little bit of personal info – it humanizes you (which is crucial when communicating through digital media).  However, don’t get too deep.  “You can share personal details—it humanizes you—but don’t belabor the point. Remember that clients are seeking a pro with business skills first,” the article emphasizes.  Also, try to list hobbies that coincide with your business (photography on the side? landscaping? interior design?).  Hobbies that seem completely unrelated may turn a consumer away.

But the most important part about what your write in your profile – is to make certain to PROOF-READ!  Panelists in this study were very quick to spot spelling and grammar errors – and immediately wrote that agent off as unprofessional.


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3. Can You Back Yourself Up?

Don’t state strengths or promises that you do not have the data to prove.  Saying you can close transactions quickly means nothing to the consumer if you don’t have the experience to prove it.

Support your claims with stats that illustrate results. The panelists said they wanted to see more profiles that included information such as how many properties you’ve sold, how close your sales are to list price, the typical price range of your listings, and how long you’ve been working in real estate. –From the Article

Some consumers won’t even read your bio that you’ve carefully written.  They’ll look immediately for stats – and move right along if there are none.  For new agents this can always be tricky – but at Rector Hayden we’d be happy to present you with company-wide statistics that support you as one of our agents.


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4. Get Social

Consumers also immediately notice if you’ve been neglecting your profiles. If you made the effort to post content but then let it go for a few – consumers notice and may think that you aren’t up-to-speed with current trends (even if the reason you neglected your page was that you were selling selling selling!).

Even if you’re regularly posting on your personal page, are you keeping up that business page? When the panel convened in January, Werner-Pettinari had not updated the status of her Facebook business page for two months, while Lubin’s had been silent since November 2013. Big gaps like that make you look inactive, said panelist Maya Bird-Murphy, 22. “I want someone who’s constantly working and knows what’s going on right now,” she said.

In our social media / integrated marketing classes, agents are encouraged to try to post at least once a week.  This benefits their followers without bombarding them, increases their SEO potential, and helps ease agents into utilizing social networking tools more often with their marketing strategies.


Takeaway (Summary)

If our consumer panel made one thing clear, it’s this: Take care with your online persona. Craft accurate, error-free online bios and social media profiles, and write them with consumers’ interests in mind. Keep your photos up-to-date and consistent. And use your social postings as a way to bring your personality and your value as a real estate professional to life. These steps communicate the essence of you and your business, so don’t think of them as tiresome chores. You don’t get a second chance to make a first impression. and in the Internet-connected world, you’re projecting your image 24/7. What will be consumers’ first impression of you?

See the entire article and study here: http://realtormag.realtor.org/sales-and-marketing/feature/article/2015/03/what-your-online-about-me-says-about-you

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#RHRTipTuesday – 5 Creative Marketing Ideas

What makes you stand out from the other real estate agents in this market?  What brings in new clients and returning customers?  If you’re wanting a new idea to jazz up your existing marketing plan – here’s a list of creative marketing ideas that also cost little to prepare and implement!

1. Floor Plan

If you already have a floor plan available, why not share the general plan as part of you home’s marketing resources?  It gives the potential buyer another visual representation of the layout of the home and may encourage them to request a showing.

Drawing a floor plan does not have to be an arduous task either!  There are a number of tools online and on smartphones, to help you draw your floor plan.  A clean, as close to scale as possible drawing, can give your listing that extra umph that attracts buyers (but also impresses clients).

  1. AutoDesk Homestyler: http://www.homestyler.com/designer – is a FREE desktop program for designing 2D and 3D floor plan designs.
  2. RoomSketcher: http://planner.roomsketcher.com/ – another FREE desktop program for 2D projects.
  3. RoomScan: https://itunes.apple.com/us/app/roomscan-app-that-draws-floor/id571436618?mt=8 – App for Apple users, both a free and pro version exists.  It creates a floor plan and all you have to do is tap your phone against the walls in a room!
  4. MagicPlan: http://www.sensopia.com/english/index.html – this app is available on ALL smartphones through the Apple Store and Google Play.  It draws a floor plan based on photos you take of the room.
  5. Floorplans Classic or Pro: http://www.greenteaapps.com/floorplans-classic/  – this app gets raving reviews but unfortunately is only available for Apple Store users, and is optimized specifically for the ipad.

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2.  Provide Utility Bills or Estimates

You may not want to show a potential buyer the exact copy of a bill for the home (as you don’t want personal information to be stolen).

But, gathering a few bills from the owner to create an estimated utility cost is another great additional resource when marketing a property.  Savvy buyers will have questions about efficiency and utility costs – having something already prepared shows that you’re knowledgeable and open about discussing the property in an objective manner.

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3.  List of Service Providers

A potential buyer may be curious about whether or not they have options when it comes to service providers.  Rector Hayden has a downloadable/printable card that shows the current service providers in the main areas of Central KY!  Click on a City’s Board and look for the blue & white card!  http://www.pinterest.com/rectorhayden/

4. A Personal List of What the Seller Loves about Their Home and Their Town

In this day and age – everyone has an opinion and loves to be heard.  Maybe your seller has some key features about their home that they LOVE.  Is it a close distance to a quaint cafe?  Can you see millions of stars in the summertime?  These personal anecdotes can actually make great marketing pieces for a home.  It’s unique and charming portrayal of a property could be just the eye-catcher you need to convince a potential buyer!  (Remember to proofread the seller’s list for any Equal Housing Opportunity issues).

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5.  Don’t Forget the Staging Guide!

Even if your seller is living in the home, giving them the Rector Hayden Staging Guide is a great tool to help make the home presentable and attractive to the largest number of potential buyers.  This exclusive guide provides step-by-step checklists to staging every room in the home, and is available only to Rector Hayden agents and their clients!

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Interested in more creative tips from Rector Hayden Realtors®?  Follow us on Facebook, Twitter, or Instagram and keep an eye out for #RHRTipTuesday !