Thursday, December 10, 2015

Giving Gratitude!



Friends- Colleagues -Grateful this time of year for all of the trust you've placed in me as your thought leader and trusted advisor in your real estate transactions over the last 16 years. What's even more meaningful to me is that most of you have become friends and I have had the great oppty to find homes for your family members around the world.
In the spirit of the Holiday Season, Time to bring on the good cheer! For every referral you send between now and the end of the year in Chicago(& 'burbs) or Florida (St. Pete to Sarasota), I will donate $100 to a charity of your choice.
Thanks again for your continued support! Ron
‪#‎givingDecember‬
‪#‎JamesonSothebys‬ ‪#‎PremierSothebys‬




Ron Goldstein,MBA


VP of Sales Jameson Sotheby's International Realty
Gold Coast Office
(c)312-771-7190
     
Premier Sotheby's- St. Pete/Sarasota



 

Tuesday, December 1, 2015

What is your Wish List when buying a New Home and How to Prioritize





When searching for that dream home, most buyers want to find one they love and can see themselves living in happily for years to come. In my experience, most buyers prefer homes that are move-in ready with minimal upkeep. Most buyers start that search online; they know what they are looking for, and many times they know roughly the price range they can afford.
Oftentimes, however, those two things come into conflict as buyers get closer to finding the right home. I see this frequently where a buyer starts out working with 65 to 75 percent of their loan prequalification number in order to be prudent and financially responsible by not seeking the most expensive home they could possibly buy. Then, inevitably, when they can’t find what they want for the money they want to spend, they start edging up on the listing price to find those homes with the amenities and finishing touches that they are seeking.
Gayvoronskaya Yana/Shutterstock

At this point, I always encourage a buyer to ask the question for themselves: “Where will I have to compromise?” Will you have to let go of the pool to fit into your price range? Maybe less hardwood flooring and no granite in the kitchen — or are these a must? Will you land in a home that’s a bit smaller in order to be in a better school district? Can you pay a bit more to be closer to recreational resources, such as parks?
The National Association of Realtors posed these questions to homebuyers to find out where compromises had been made on home purchases over the past year. The results, which can be found in NAR’s 2015 Profile of Home Buyers and Sellers, showed that while a third of buyers said they did not compromise at all, most let go of something that had been on their wish list.

What was the biggest area of compromise? It was on the price of the home. Almost 1 in 4 respondents negotiated what they ended up spending on a property. Close behind on the list of compromises was the size of the home — 20 percent of buyers reported compromising on size. Other areas noted included lot size, the condition of the home, the commute to work and friends or family, and the quality or age of the neighborhood.
As a broker for more than 15 years, many of my clients have followed the same routine..They look at the inventory of available homes and school districts, and end up buying a smaller home in a newer subdivision located in the highest-rated school district in their market.

For brokers, I think it is key to know the area rankings on local schools, as this is probably the one area where most of my buyers will not negotiate when finding a home. Buyers will know schools by scores or rankings and reputation, so it is imperative that you can be the area expert and know them just as well! If there are school-age children in the home (or there will be in the next couple of years), school districts are vitally important to buyers.
You can start to help your clients adjust their expectations (or their price range) by reminding them that everyone goes through the same process. We start with what we want to invest into a home purchase, we make a wish list of criteria for that next home, and then we have to make adjustments to one or the other. Discover which areas are most negotiable, and you will be able to focus on how to help them achieve their goals more effectively.






Ron Goldstein,MBA
VP of Sales Jameson Sotheby's International Realty
Gold Coast Office
(c)312-771-7190
      
Premier Sotheby's- St. Pete/Sarasota



 


Thursday, November 19, 2015

Come Fly with me!



Potential buyer Mark Lambert and Jameson Sotheby's agent Judy Gibbons snap photos during last week's helicopter tour. Photo by Jameson Sotheby's International Realty
 

House hunting by helicopter? Brokerage gives it a whirl By Dennis Rodkin

 
Potential buyer Mark Lambert and Jameson Sotheby's agent Judy Gibbons snap photos during last week's helicopter tour.
Photo by Jameson Sotheby's International Realty
Hoping to rise above the competition, one local brokerage is putting a new spin on the house hunt by taking buyers up in a helicopter to check out properties.
It's a pilot program now, with just one flight so far, but Jameson Sotheby's International Realty will soon go full throttle, offering helicopter tours to any of its city or suburban buyers in the $1.5 million-and-up range, said Chris Feurer, CEO of the brokerage. That price range accounts for less than 1 percent of all the Chicago-area homes sold in the past 12 months, according to Midwest Real Estate Data.
While some individual agents may have booked helicopter flights for their clients and it's now a thing in Los Angeles, Jameson is the first Chicago-area real estate company to offer the service company-wide.
"We want to give our clients that perspective from the sky as part of the full experience of choosing their home," Feurer said.
The brokerage will cover the cost of a 60-minute flight, about $1,500 in the city and under $1,000 in the suburbs, Feurer said. He said he couldn't predict how many clients will take the offer.
Another photo from Mark Lambert's tour with Judy Gibbons last week.
Another photo from Mark Lambert's tour with Judy Gibbons last week.
A competitor in the luxury marketplace said she foresees Jameson's idea taking flight.
"It's a novel approach that will give their buyers a different perspective than Google Earth," said Beth Burtt, a broker and owner of Brush Hill Realtors in Hinsdale, which also vies for luxury buyers.
Although Burtt's focus is the suburbs, she said she expects shopping-by-helicopter to have more appeal to city buyers. "You can get up over the congestion and really see what the neighborhood looks like," she said.
Photographing houses by drone gives a bird's-eye view of the property, but sending the buyer up in a whirlybird gives the buyer a firsthand view of that perspective.
Jameson's first client to go for a ride was Mark Lambert, who with his wife, Deborah, is looking to downsize out of their 6,600-square-foot Barrington Hills farmhouse. He went up with Jameson agent Judy Gibbons, a photographer and a pilot last week, taking off from Schaumburg Regional Airport.
Lambert said that at liftoff, he had five properties, all in Barrington Hills, on his list, but by the time the chopper landed back in Schaumburg, he'd cut it down to two. One dropped off the list because it turned out to have an auto auction yard next door, beyond the listed property's wooded acreage.
Another photo from the tour
Another photo from the tour
"You couldn't see that on Google Earth, and even though I've driven down that road a million times, I had no idea it was there," he said.
By flying over a property at 800 feet up, "you get a better idea what's on the neighbor's property,” Lambert said. “In Barrington Hills, people tend to collect things like ATVs or snowmobiles. Those things are loud."
For a city buyer, a helicopter tour might be used less for spying on individual homes than for "showing a buyer how our beautiful city lakefront lays out," said Linda Shaughnessy, whom Feurer last week tapped to be the first city agent at Jameson to try it out, although she hasn't done it yet.
With an out-of-towner moving to Chicago, "I can show them where the nice parks are and the schools, and how quickly you can connect up Sheridan Road to the North Shore," she said.
In the real estate industry, "it's hard to differentiate your brand from others because many of them say the same things and provide the same services for everyone who comes in," said Tim Calkins, a professor of marketing at Northwestern University's Kellogg School of Management.
Although "it's possible to shop for an expensive home without using a helicopter," Jameson's offering "certainly says that they are willing to provide a special level of experience that isn't for everyone,” Calkins said. “That's what the high-end buyers and sellers will want to hear."
There's a practical use for a helicopter tour, Gibbons said, pointing to Lambert's winnowing down his list of possible future homes, but "there's also the kick. It's the, 'Oh, my real estate agent is taking me up in a helicopter today. Does your agent do that?'"



Ron Goldstein,MBA
VP of Sales Jameson Sotheby's International Realty
Gold Coast Office
(c)312-771-7190
     
Premier Sotheby's- St. Pete/Sarasota