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NextHome Experience Recognized on The Top 1,000

NextHome Experience Recognized on The Top 1,000

Pleasanton, CA — April 3, 2020 — The NextHome franchise is thrilled to congratulate NextHome Experience for being placed on RISMedia’s 2020 Power Broker Report due to their hard work in 2019. The Worthington, Ohio-based brokerage finished the year with $250,325,639 in volume with 1,023 transactions, placing them No. 911 on the list for the entire country. 

NextHome Experience is owned/operated by business partners David Caraboolad and Vadim Barash. Since they joined NextHome in 2016, the brokerage has seen unbelievable growth with the opening of three office locations in Worthington, Granville, and Marysville, Ohio. 

Based on their 2019 production, the brokerage was recognized as the No.1 office in both transactions closed and total sales volume for the entire NextHome national franchise of more than 400 locations. 

“We couldn’t be more proud of David, Vadim, and the entire NextHome Experience team for their hard work and dedication to serving their community,” said James Dwiggins, CEO of NextHome, Inc. “Not only are they incredible real estate professionals and experts in their field, but impeccable human beings you want to surround yourself with.”

Please join us in congratulating NextHome Experience on their continued success!

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

NextHome expands in Philadelphia area

NextHome expands in Philadelphia area

George Kotsopoulos

Pleasanton, CA — April 1, 2020 — NextHome is pleased to announce the expansion of NextHome Alliance, based in Warminster, Pennsylvania. Owned by George Kotsopoulos, the new office builds on the success of his first location in Douglassville. 

The brokerage represents the 11th office location opened in Pennsylvania for the NextHome franchise and the 452nd NextHome office opened nationally.

George is thrilled to be able to open a brokerage in Bucks County, where he was born and raised. 

“It’s where most of my contacts are and we have incredible people working there already,” George said. 

Located north of Philadelphia, the brokerage will serve clients across the city’s western suburbs. In addition, NextHome Alliance will continue to provide superior customer service across Reading, Pottstown, Boyertown, Douglassville, Allentown, and the remainder of Bucks, Montgomery, Berks, and Philadelphia counties. 

The Alliance team is experienced in all types of residential sales and is especially well-versed in investment and flip properties. In addition, team members provide prowess in property management and multi-family real estate.

George began his professional life as a real estate attorney and business leader. After law school, George started work with a national title company. In 1997, he opened his own title insurance agency – Capital Assurance Group. 

After years of working closely with many talented real estate agents, George got his brokers license in 2014. As a newly-minted broker, George transitioned his business into a real estate brokerage with an in-house title company. 

“As an attorney, I’ve always represented REALTORS®, but when I started working as one I developed a greater respect for the efforts they put forward on a daily basis,” George said.

Agents were certainly not required in any way to use the title company services, but the bundle of business helped George and those around him offer a streamlined experience for clients who wanted it.  

Then, George partnered with other area agents as their broker of record as they opened a nationally franchised office. 

“In three years, we were able to grow the company from five to 50 agents,” George recalled. “My time in this role really helped me to understand how to skillfully grow a company.”

Eventually, George decided it was time to open his own brokerage under the NextHome banner. 

“I sent an email to NextHome to inquire about their business and I literally got a call back that same afternoon,” George recalled. “Being responsive is something that I pride myself on, so that call made me feel that I had found my kind of people with NextHome. Charis (NextHome’s Vice President of Sales) went into what the franchise has to offer and I thought the opportunity was ideal.”

George officially opened his Douglassville doors in late June of 2019, and since then has attracted the area’s best agents to his brokerage. 

“I think my 20-plus years of experience as a real estate attorney is very attractive to high-performing agents,” George said. “I want to be able to keep quality for our clients at the center of what we do. We are an office of producing, career-oriented REALTORS®. For the NextHome Alliance team, it’s not all about the numbers – it’s about the quality of the experience.”

When he isn’t guiding the NextHome Alliance team, George enjoys the area’s stunning beaches and attending country music concerts with his wife, Lisa. This year, George and Lisa are celebrating 29 years of marriage. Together, they are the proud parents of Will (25) and Kate (22).

Please join us in congratulating George on the expansion of NextHome Alliance in Warminster, Pennsylvania!

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

NextHome announces new Toms River brokerage

NextHome announces new Toms River brokerage

Diane Traverso

Pleasanton, CA — March 26, 2020 — NextHome is pleased to announce the newest addition to the franchise, NextHome Nexus Realty Group, based in Toms River, New Jersey. The brokerage represents the ninth office location opened in New Jersey for the NextHome franchise and the 450th NextHome office opened nationally.

The new brokerage is owned by veteran New Jersey real estate agent Diane Traverso. NextHome Nexus Realty Group will serve buyers and sellers across Monmouth and Ocean Counties. 

Located about an hour east of Philadelphia and about 45 minutes north of Atlantic City, Toms River is the county seat of Ocean County. Known for its safety and sense of community, Toms River offers real estate options for young families, condominium communities, and beach lovers. The area is also close to Berkeley Township, where seniors enjoy the affordability and amenities of one of the area’s largest 55+ communities. 

Diane has held a real estate license since 1987. However, her full-time career took off in 1996 when she joined a small, independent agency in Monmouth County. In 2001, she obtained her broker’s license and, in the years that followed, Diane managed offices and worked for large franchised brands. 

In 2009, after several years in brokerage management, Diane dove back into real estate sales. Her commitment to unparalleled service helped Diane achieve the Circle of Excellence Award year after year. 

“I love what I do and am happy to be able to help so many clients and many have become great friends,” Diana said. 

Diane’s real estate career continued to flourish, but she always knew something was missing. 

“I really wanted to build something that I could be proud of and even pass on to my children one day,” Diane said. “I also feel like I’m a leader in the community and I want to build something that will make a difference in people’s lives.”

In early 2019, as she contemplated the coming year, Diane set a goal to open her own brokerage. If only she could find the right opportunity. Then, Diane took a Certified Residential Specialist course where she met a NextHome broker. 

“She told me how she had opened as a small boutique brokerage at first, and converted it over to NextHome,” Diane recalled. “It just sounded intriguing to me. I went home and started looking at the website and little videos and it just resonated with me.”

Today, Diane is using NextHome’s tools to become an industry leader and make a difference in her community.

“When someone comes to NextHome Nexus Realty Group, clients can expect professionalism,” Diane said. “I want to also give back to this community that has given so much to me.”

Diane is an active advocate in the New Jersey real estate community. She is currently the treasurer and secretary for her board office Monmouth/Ocean Regional REALTORS®, the New Jersey chapter president of the Women’s Council of REALTORS®, and also an active member of the REALTORS® Political Action Committee. As she fights for the rights of REALTORS® and property owners, Diane monitors bills and advocates for changes that can positively impact her community. 

When she isn’t building her business or volunteering, Diane enjoys spending time with friends and dancing. She is the proud mother of two adult children, Dan and Kim. 

Please join us in congratulating Diane on the opening of NextHome Nexus Realty Group in Toms River, New Jersey!

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

Information From Past Pandemics, And What We Can Learn: A Literature Review

Information From Past Pandemics, And What We Can Learn: A Literature Review

The United States has officially entered a bear market, with major financial indices falling by more than 20% since the beginning of the year. The market has fallen in response to a mix of information, including global community spread of the Novel Coronavirus COVID-19, a travel ban for Europeans into the US, and general uncertainty about a fiscal response to the virus.

Zillow Research conducted a deep dive into past research and data on the economic effects of global pandemics to help provide perspective on what the future could hold under various scenarios. We found the following main quantitative patterns:

  • During epidemics such as the 1918 influenza or the 2003 SARS outbreaks, economic activity fell sharply during the epidemic (a 5-10% temporary hit to GDP or industrial production over the course of the epidemic) but snapped back quickly once the epidemic was over.
  • This pattern differs from a standard recession, which is a situation in which economic activity falls for 6-18 months and then recovers more slowly.
  • During SARS, Hong Kong house prices did not fall significantly, but transaction volumes fell by 33-72% as customers avoided human contact (“avoidance behavior” like avoiding travel, restaurants, and public gatherings). After the epidemic was over, transactions snapped back to normal volumes.
  • During the current episode in China, early news reports indicate that home prices have so far not fallen but transactions have nearly ceased.
  • During standard recessions, home prices and transaction volumes may fall but this is not always the case (e.g. the 2001 recession).
  • Before February 2020, leading economic indicators (job openings, the yield curve, interest rate spreads, and sentiment indicators) were giving mixed signals about the risk of a standard recession this year, with betting markets (PredictIt, 2020) giving probabilities ranging from 30% in December 2019 to 15% in January 2020, rising to 44% as of March 1. PredictIt defines a recession as at least two consecutive quarters of falling GDP.
  • It is difficult to precisely forecast the probability of an epidemic-related downturn and/or how such a downturn could provoke a standard recession because this depends on how COVID-19 progresses and how this progress interacts with preexisting recession risks and policy responses (ranging from doing nothing to shutting down entire cities for months at a time).

Digging Deeper – Insights From Historical Data and From the Literature

Empirical research into the SARS and 1918 influenza pandemics both indicate a significant loss in output during the time of the pandemic. Hong Kong lost 5.1% of monthly output during the 5 months of the SARS epidemic (or 1.75% of annualized GDP) and the US lost between 7% and 9.5% of monthly industrial production during the 1918 influenza epidemic, with an effect on annual GDP of 0.5%. The effects vary by sector–the epidemics led to people curtailing unnecessary social activities and curtailing human contact, which led to larger falls in services and (semi-)durable goods, while the effect on manufacturing is influenced by trade spillovers.

Since consumers wish to avoid nonessential human contact, the 2003 SARS pandemic led to a temporary fall in monthly real estate transactions from 33% to 72% vs. baseline for the duration of the epidemic, while real estate prices held steady.

Meanwhile, during the current episode in China, news reports and early data provided by Goldman Sachs (2020) indicate a near-shutdown in the volume of Chinese real estate transactions, although there is not yet a clear effect on real estate prices.

AUTHOR(S) SCENARIO DATA/MODEL MAIN FINDINGS
Zillow Economic Research (2020) Hong Kong, SARS, 2003 Aggregated macro data 1.75% loss in annualized GDP, or 5.1% monthly loss at peak. Quick recovery to trend after end of pandemic. 1.3% increase in unemployment; unemployment recovered within 3 quarters. Statistically insignificant 1.9% fall in home prices, count of transactions down by an average of 33% for duration of pandemic.
Lee and McKibbin (2012) Multiple countries, SARS, 2003 Theoretical model 2.63% loss in annualized GDP for Hong Kong, 1.05% loss for China. Size of loss depends on policy response.
Wong (2008) Hong Kong, SARS, 2003 Micro data on 44 housing estates 1.6% fall in home value, 2.8% in infected areas. 72% fall in transactions volume.
Siu and Wong (2004) Hong Kong, SARS, 2003 Disaggregated macro data Shift to at-home consumption, away from travel, restaurants, and entertainment. Trade was mainly unaffected.
James and Sargent (2006, 2006a) Canada and US mild flu pandemic Aggregated macro data Loss of Canadian industrial production of 1.2% at peak of epidemic (Oct 1957). 0.3% to 1.1% of annualized GDP. Coincided with a recession.
CBO (2006) US, mild flu pandemic Theoretical model 1% loss of annualized GDP.
Keogh-Brown et al. (2010) UK, mild flu pandemic Theoretical model 0.6%-2.5% loss of annualized GDP, depending on how customers shift their consumption behavior.
James and Sargent (2006) US, severe flu pandemic Aggregated macro data 1918 flu saw annual GDP impact of 0.5%, with loss of 7% of monthly industrial production at peak (Oct 1918). Coincided with drawdown surrounding end of World War I and a recession.
CBO (2006) US, severe flu pandemic Theoretical model 4.25% loss of annualized GDP.
McKibbin and Sidorenko (2006, 2006a) US, severe flu pandemic Theoretical model 5.5% loss of annualized GDP.
Cooper (2006) US, severe flu pandemic + trade disruption Theoretical model 6% loss of annualized GDP, of which 1.75% is due to trade disruption.
Zillow Economic Research (2020) US, severe flu pandemic, 1918 Aggregated macro data 9.5% loss in industrial production in October 1918 (peak of epidemic) vs. July 1918, but less reliable data on other sectors.
Kennedy, Thompson, and Vujanovic (2006) Australia, severe flu pandemic Theoretical model 6% loss of annualized GDP.
Douglas, Szeto, and Buckle (2006) New Zealand, severe flu pandemic Theoretical model 5-10% loss of annualized GDP.
Keogh-Brown et al. (2010) UK, severe flu pandemic Theoretical model 4.5%-6% loss of annualized GDP, depending on how customers shift their consumption behavior.

Case study: SARS in Hong Kong (2003)

The SARS epidemic began in the Guangdong province of China in November 2002. In February 2003, the first confirmed cases appeared in Hong Kong. The epidemic peaked in March and April 2003 and trailed off during May and June, until Hong Kong was removed from the WHO’s list of affected areas on June 23.

The chart below shows how real GDP and unemployment evolved before, during, and after the SARS epidemic. GDP data are shown as a percent relative to a Q4 2001 baseline. Both datasets are obtained from the Hong Kong Monthly Digest of Statistics, various issues.

Hong Kong GDP growth during the SARS outbreak

Until the onset of SARS in February, GDP was growing and unemployment was falling, consistent with an economic expansion. Then, GDP fell precipitously throughout the duration of the epidemic (by our estimation, 5-6% below trend in April and May), and unemployment rose from 7.4 percent to 8.7 percent, for a 1.3 percent increase. Once the epidemic subsided, GDP snapped back to its pre-epidemic trend, while unemployment took until the winter to recover. Altogether, the total gap between actual and trend GDP during this period is consistent with a loss of 1.75% of annual GDP as a result of SARS, which when spread over 4 months instead of 12, represents a fall in monthly GDP of 5.1%.

This loss is slightly smaller than (but of the same order of magnitude as) the model-based projections of Lee and McKibbin (2012), who predict a larger effect of the disruptions to economic activity caused by the epidemic. Lee and McKibbin simulate such an epidemic using a theoretical model (the “G-cubed” model), and they predict a loss of 2.63% of annual GDP for Hong Kong as a result of the SARS epidemic, versus a loss of 1.05% of annual GDP for China. Lee and McKibbin find that their larger loss prediction is driven by the behavior of macro policy in their model. If macro policy responds effectively to an epidemic, then the loss in output would be smaller than if it did not respond.

We also have data on the behavior of real residential real estate prices and the volume of secondary residential transactions. The chart below shows a real residential real estate price index compiled by the Bank for International Settlements (BIS) (2020), as a percent relative to a Q4 2001 or November 2001 baseline. It also shows raw transaction counts of secondary residential real estate transactions, not seasonally adjusted, from Midland Realty (2020).

Hong Kong real estate market during the SARS outbreak

By the time that SARS hit in February 2003, the Hong Kong real estate market had already experienced a downward trend in transactions and in a real residential price index. Between February and May 2003, transactions were 33% below their January 2003 value, before returning to normal by July. We note that this fall is difficult to distinguish from the preexisting downward trend. Meanwhile, real property prices fell to 1.9% below trend in May and then recovered, although this fall is difficult to distinguish from other real estate price swings that are unconnected with SARS.

Elsewhere in the literature, Wong (2008) comes to similar conclusions with respect to house prices. She finds, based on transactions data covering 44 housing estates, that the onset of SARS coincides with a 1.6% decrease in house prices versus a pre-SARS trend (which is comparable with our 1.9%). Importantly, she also finds that the onset of the SARS epidemic coincides with a 72% reduction in transaction volumes for these estates. She explains this pattern (small price reductions coincided with a large reduction in volume) as customers adopting a “wait and see” approach, whereby they avoid nonessential interactions with other people, instead waiting until the end of the epidemic to defer their transactions. This avoidance behavior is noted by Jonas (2013) as a major transmission mechanism from pandemics to economic risk.

Looking beyond real estate, Siu and Wong (2004) examine disaggregated macro data from the SARS episode, and they find that the travel, tourism, durable and semi-durable retail, and entertainment sectors were strongest hit, while production and exports were less affected. This pattern is also consistent with customers avoiding nonessential interactions, although the effect of the crisis on production and exports depends on the extent of the crisis in trading partners, and whether or not that crisis affects supply chains.

Theoretical and Empirical Evidence from the Influenza Literature

Beyond the SARS literature, there is an extensive literature on the past and likely effects of an influenza epidemic. The Congressional Budget Office (CBO) (2006) summarizes much of this literature, giving a predicted loss caused by a severe flu epidemic (similar to 1918) of about 4.25% of annual GDP and an estimated loss caused by a mild epidemic (similar to 1957 or 1968) of about 1%. In both cases, the CBO predicts that economic activity would snap back quickly after the epidemic ended, which is consistent with the data from the SARS epidemic in Hong Kong. However, since these theoretical models are mainly constructed using annual aggregates, the models do not make any specific predictions about monthly or quarterly aggregates.

Theoretical studies of influenza pandemics mostly land at losses in excess of 5% of annual GDP. For instance, a study by Kennedy, Thompson, and Vujanovic (2006) simulates a pandemic with ⅓ the mortality rate of the pandemic using a theoretical model. They find a reduction to Australian GDP of about 6%. Similarly, Douglas Szeto and Buckle (2006) predict that a severe pandemic would reduce New Zealand GDP by 5-10%. Meanwhile, McKibbon and Sidorenko (2006) predict that a severe pandemic would reduce US GDP by 5.5%, while Cooper (2006) simulates the CBO’s scenario but with disruptions to trade, and finds a 6% decline instead of a 4.25% decline in GDP. For the UK, Keogh-Brown et al. (2010) simulate mild and severe pandemics and find GDP losses of 0.6% to 2.5% for the mild scenario and 4.5% to 6% for the more severe scenario.

Contrasting with the theoretical studies, the empirical study of James and Sargent (2006) predicts that a severe flu pandemic would reduce Canadian GDP by 0.3 percent to 1.1 percent. James and Sargent base their estimates on macro data from US flu pandemics in 1918, 1957, and 1968. They find that the severe 1918 pandemic reduced annual GDP by 0.5% in 1918, with smaller effects from the other two mild pandemics. James and Sargent also cite data from the SARS outbreak, finding that while SARS severely affected tourism, travel, and services in the short run, it did not harm Hong Kong’s productive capacity in the medium run. In a similar vein, Garrett (2007) documents severe localized effects of the 1918 pandemic in places such as Little Rock, where merchants reported a 40-70% decrease in sales during the pandemic, and Memphis, where a pandemic-induced labor shortage disrupted operations. Altogether, these disruptions corresponded with a fall in a monthly industrial production index from 123.4 in July 1918 to 112.2 in October 1918 (-9.5%). The underlying data are reported by Persons (1931) and would correspond with a 2.4% fall in annual GDP for a three-month pandemic, given that industrial production is ordinarily more volatile than GDP. In addition, the Federal Reserve Bulletins from the time report significant disruptions to retail trade (up to one-third of the workforce out at any specific time) and especially to nonessential gatherings.

Altogether, the theoretical literature on influenza has given somewhat larger output losses than historical data, although the empirical literature and historical data indicate that output losses vary according to geography (harder-hit areas have higher output losses) and sector (nonessential services being hardest hit). Furthermore, trade disruptions can make the impact of the epidemic larger than it would otherwise have been.

Early Indications from the COVID-19 Outbreak in China

While official data are still not yet ready for January or February 2020, unofficial data reported by Brown (2020) at Marketwatch indicate that Chinese house prices remained stable from December to January (+0.27%) although the volume of transactions has fallen by 90 to 98% from normal. This episode illustrates a particularly strong “wait and see” pattern similar to what happened during the SARS outbreak–customers are not going to walk-throughs or closing on transactions in person. Data in upcoming weeks will tell us how long this outbreak lasts in China.

Additionally, a report by Hatzius et al. (2020) at Goldman Sachs shows detailed activity data from China during the current episode. The Hatzius report corroborates the Brown report–property transactions and transportation have nearly ceased due to avoidance behavior (some of it driven by a public policy response) while the consumption of coal fell by only 30% year over year, since people still need to heat their homes.

………………..

Appendix: Data Sources for Hong Kong Analysis

  • Monthly GDP: GDP is officially measured on a quarterly basis–we took seasonally adjusted growth rates from the Hong Kong Monthly Digest of Statistics, various issues. We first took logarithms and then interpolated it to a monthly basis using our own interpolation algorithm based on Fernandez (1981). We therefore urge caution in interpreting month-to-month movements.
  • Monthly unemployment: We took seasonally adjusted unemployment rates from the Hong Kong Monthly Digest of Statistics, various issues. The unemployment rate is presented in the Digest as a 3-month centered moving average.
  • Monthly real residential real estate prices: We took quarterly unadjusted real residential real estate prices from the St. Louis Fed’s FRED website. The original source of these data is the Bank of International Settlements (2020). We seasonally adjusted these data ourselves, took logarithms, and then interpolated it to a monthly basis using our own interpolation algorithm. We therefore urge caution in interpreting month-to-month movements.
  • Monthly real estate transactions: We took raw secondary transactions volumes directly from the online datasets published by Midland Realty (2020).

References

Bank for International Settlements (BIS), 2020, via FRED Database. “Selected residential property price series – data documentation”. Source: National sources, BIS residential property price database (http://www.bis.org/statistics/pp.htm). FRED URL: https://fred.stlouisfed.org/series/QHKR628BIS

Brown, Tanner, 2020. “Coronavirus slows China’s property market to a crawl — and even the most robust real-estate app is no match.” Marketwatch, Feb. 21, 2020, retrieved on Feb. 28, 2020. URL: https://www.marketwatch.com/story/coronavirus-slows-chinas-property-market-to-a-crawl-and-even-the-most-robust-real-estate-app-is-no-match-2020-02-18

Census and Statistics Department, Hong Kong Special Administrative Region, 2020. Hong Kong Monthly Digest of Statistics, various issues.

Congressional Budget Office (CBO), 2006. “A Potential Influenza Pandemic: An Update on Possible Macroeconomic Effects and Policy Issues.” Manuscript, Congressional Budget Office. URL: https://www.cbo.gov/publication/17785

Cooper, Sherry, 2006. “The Avian Flu Crisis: An Economic Update.” Manuscript, BMO Nesbitt-Burns.

Douglas, James, Kam Szeto, and Bob Buckle, 2006. “Impacts of a Potential Influenza Pandemic on New Zealand’s Macroeconomy.” Policy Perspective Paper 06/03, New Zealand Treasury. Retrieved February 28, 2020. URL:

https://treasury.govt.nz/publications/ppp/impacts-potential-influenza-pandemic-new-zealands-macroeconomy-pp-06-03-html

Federal Reserve Bulletin, various issues, via Thomson Reuters. “References to ‘influenza’ in the monthly Federal Reserve Bulletin during 1918 and 1919.” Retrieved on Feb. 28, 2020. URL: https://fingfx.thomsonreuters.com/gfx/ce/7/8626/8607/INFLUENZA%20REFERENCES%20IN%20THE%20FEDERAL%20RESERVE%20BULLETIN%201918-19.pdf

Fernández R.B. 1981. “A methodological note on the estimation of time series,” The Review of Economics and Statistics 63, pages 471-478. URL: https://www.jstor.org/stable/1924371?seq=1

Garrett, Thomas A., 2007. “Economic Effects of the 1918 Influenza Pandemic.” Manuscript, Federal Reserve Bank of St. Louis. Retrieved on Feb. 27, 2020. URL: https://www.stlouisfed.org/~/media/files/pdfs/community-development/research-reports/pandemic_flu_report.pdf

Goldman Sachs, 2020. “A Larger Virus Hit and Another Round of Rate Cuts.” US Economics Analyst, March 1, 2020. Retrieved March 2, 2020. URL:  https://research.gs.com/content/research/en/reports/2020/03/01/31bfffb7-f94a-4c0e-b0d6-49b1468aed2f.html

Hatzius, Jan, Daan Struyven, David Choi, and David Mericle, 2020. “A Viral Global Slowdown.” Global Economics Analyst, Goldman Sachs Economic Research. Retrieved on March 1, 2020. URL: https://research.gs.com/content/research/en/reports/2020/02/28/ae384520-6a4b-415d-a6e6-6fa28e8e25ee.html

Kennedy, Steven, Jim Thompson, and Petar Vujanovic. “A Primer on the Macroeconomic Effects of an Influenza Pandemic.” Working Paper 2006-11, Treasury of Australia. Retrieved on Feb. 27, 2020. URL: https://pdfs.semanticscholar.org/f605/da3a347548d5635e425a5531fdb64cd19c8d.pdf?_ga=2.70573072.1412815931.1583204112-1096427715.1583204112

James, Steven, and Timothy Sargent, 2006. “The Economic Impact of an Influenza Pandemic.” Mimeo, Economic Analysis and Forecasting Division, Department of Finance, Government of Canada. Retrieved on Feb. 27, 2020. URL: https://www.publicsafety.gc.ca/lbrr/archives/cn000034577651-eng.pdf

James, Steven, and Timothy Sargent, 2006a. “The Economic Impact of SARS and Pandemic Influenza.” In: SARS in Context: Memory, History, Policy, ed. Jacalyn Duffin and Arthur Sweetman. McGill-Queen’s Press. Retrieved on Mar. 1, 2020. URL: https://www.google.com/books/edition/SARS_in_Context/xAibijIszawC?hl=en&gbpv=1&printsec=frontcover

Jonas, Olga, 2013. “Pandemic Risk.” World Development Report Background Paper, the World Bank. Retrieved on Feb. 27, 2020. URL:  http://siteresources.worldbank.org/EXTNWDR2013/Resources/8258024-1352909193861/8936935-1356011448215/8986901-1380568255405/WDR14_bp_Pandemic_Risk_Jonas.pdf

Keogh-Brown, Marcus, Simon Wren-Lewis, W. John Edmunds, Philippe Beutels, and Richard D. Smith, 2010. “The Possible Macroeconomic Impact on the UK of an Influenza Epidemic.” Health Economics 19(11), pages 1345-1360. Retrieved on Feb. 28, 2020. Working paper version URL: https://www.gtap.agecon.purdue.edu/resources/download/3828.pdf

Lee, Jong-Wha, and Warwick J. McKibbin, 2012. “The Impact of SARS,” in China: New Engine of World Growth, Garnaut, Ross, and Ligang Song, eds. ANU Press. Retrieved on Feb. 28, 2020. URL: https://www.jstor.org/stable/j.ctt24h9qh.10?seq=1#metadata_info_tab_contents

McKibbin, Warwick J., and Alexandra Sidorenko, 2006. “Global Consequences of Pandemic Influenza.” Manuscript, Brookings Institution, Lowy Institute for International Policy. Retrieved on Feb. 27, 2020. URL: https://www.brookings.edu/research/global-macroeconomic-consequences-of-pandemic-influenza/

Midland Realty, 2020. “Statistics of Properties Transactions in Land Registry – Last 12 Months.” Retrieved on February 28, 2020. URL: https://en.midland.com.hk/land-registry-record/12months.html

Persons, W.M., 1931. Forecasting Business Cycles. John Wiley, New York, pages 93-143. Data available in the NBER Macrohistory database, via the St. Louis Fed FRED database. Retrieved on Feb. 28, 2020. URL: https://fred.stlouisfed.org/series/M1204BUSM363SNBR

PredictIt, 2020. “Will there be a recession in Trump’s 1st term?” Retrieved March 2, 2020. URL: https://www.predictit.org/markets/detail/4292/Will-there-be-a-recession-in-Trump’s-1st-term

Siu, Alan, and Y.C. Richard Wong, 2004. “The Economic Impact of SARS: The Case of Hong Kong.” Asian Economic Papers 3:1, pages 62-83. Retrieved on Feb. 27, 2020. URL: https://hub.hku.hk/bitstream/10722/88855/1/content.pdf

Wong, Grace, 2008. “Has SARS Infected the Property Market? Evidence from Hong Kong.” Journal of Urban Economics 63(1), pages 74-05. Retrieved on Feb. 27, 2020. URL: https://www.sciencedirect.com/science/article/pii/S0094119007000095

NextHome announces new Jacksonville-area office

NextHome announces new Jacksonville-area office

Stephanie & Alfred Sanalila

Pleasanton, CA — March 24, 2020 — NextHome is pleased to announce the newest addition to the franchise, NextHome First Coast, based in Saint Augustine, Florida. The brokerage represents the 68th office location opened in Florida for the NextHome franchise.

The brokerage is owned by the husband and wife team Stephanie and Alfred Sanalila. NextHome First Coast will serve clients across Saint Augustine, Jacksonville, Orange Park, Mandarin, and the remainder of Florida’s First Coast area. 

According to tradition, the First Coast is the first area of Florida to be colonized by Europeans. Today, people flock to Duval, Baker, Clay, Nassau, and St. Johns counties for their superior school systems and stunning coastlines. Stephanie and her team at NextHome First Coast will primarily serve the area’s booming residential market. 

“I’ve been very focused on serving families,” Stephanie said. “This area has been growing like crazy, and for good reason. There’s a ton of history here, some great museums, a fantastic downtown, and a beautiful waterfront. Combined, all these things make our area a great place to raise a family.”

Many of Stephanie’s clients are attracted by the St. John County School District. The district is ranked No. 1 in Florida by Niche rankings and consistently remains ranked in the top six percent of schools in the country. 

Stephanie’s career prior to real estate reflects her love of, and appreciation for, good education. Stephanie holds a master’s degree in business and spent about 10 years working in educational publishing. She also spent several years teaching marketing at the college level. Eventually, real estate became a family affair after Alfred entered the industry.  

Alfred has been a licensed broker since 2002 and, together, the couple has spent many years providing their clients with unique market insights and perspectives. For the last few years, Stephanie and Alfred worked in Saint Augustine at a large national franchise.

The Sanalilas always knew they wanted to own their own business. So when Alfred stumbled across the NextHome brand in 2019, both Stephanie and Alfred knew they had found the right opportunity. 

“We started seeing how smart the all-around NextHome concept was, and how brilliant the marketing was,” Stephanie said. “With my marketing background, that really was a high point for me.”

Alfred liked how NextHome was unlike any other national franchise he had seen. 

“As I dug deeper into NextHome it really seemed like a fresh approach to real estate,” Alfred said. “It fills a need in our area.”

Today, NextHome First Coast is setting itself apart from other brokerages through its personalized approach to real estate. 

“It seems like the majority of my customers think that they are my only customer,” Stephanie said with a smile. “They are not, but they feel that way. I love helping clients, and also our future agents, feel that way.”

Stephanie is also a talented educator. Today, she is a NextHome certified trainer, giving her the ability to help agents earn National Association of REALTORS® designations. 

“Stephanie brings knowledge to the table,” Alfred said. “Her clients depend on her to know the process, know negotiation, know everything from contract offer to closing. They lean on her to be that skilled professional, and she delivers. Her ability to share information in an easy, casual, and approachable way definitely comes out.”

When she isn’t helping clients and agents, Stephanie is passionate about serving the special needs community. This passion began with her late brother Steve and her service honors his memory. Stephanie volunteers with Tim Tebow’s Night to Shine program, giving special needs individuals the opportunity to attend an unforgettable prom night experience. 

Stephanie also volunteers with the Down Syndrome Association of Jacksonville and is an integral supporter of their annual Buddy Walk. In the past, she has also worked with the U.S. Special Olympics Team as a Bocce Ball coach. 

Together, Stephanie and Alfred have three children: Lilly (12), Luke (11), and Leo (5). When they have the chance, the family loves to travel. 

Please join us in congratulating Stephanie and Alfred on the opening of NextHome First Coast in Saint Augustine, Florida!

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

NextHome Complete Realty announces Phoenix expansion

NextHome Complete Realty announces Phoenix expansion

Pleasanton, CA — March 19, 2020 — NextHome is pleased to announce the expansion of NextHome Complete Realty in Phoenix, Arizona. The brokerage is the second location for top-producing couple Jim Snodgrass and Maria Serino and represents the eighth NextHome office opened in Arizona for the franchise. 

This new brokerage will serve clients across Glendale, Avondale, Surprise, Goodyear, Buckeye, Tolleson, West Scottsdale, Phoenix, and the West Valley area.

Phoenix continues to be one of the fastest-growing areas in the nation, with Forbes ranking it among the top cities to find a job in 2020. 

“It’s a market that we’ve always wanted to be in,” Jim said. “We have had three great agents working around this area for a while and it was about time we had an office here.”

The Phoenix office is about 80 miles from Jim and Maria’s first NextHome Complete Realty location in Sahuarita, which they opened in 2017. 

“When clients work with NextHome Complete Realty, they are going to experience an amazing real estate transaction,” Jim said. “They are going to have superior guidance and agents who care about people the way they should.”

Jim’s first connection to real estate came when he found himself as a lead generator for a friend.

“My friend was a REALTOR® and I was sending them a lot of referrals from people I knew who were interested in buying and selling a home,” Jim recalled. “With as many leads I was providing, I thought it made sense to get my real estate license and work in real estate myself.”

Starting his real estate career in 2005, Jim saw immediate success as a REALTOR®. His background in business development in the medical field proved valuable and he quickly built his business. It was going so well that Maria joined him just a year later to become a two-person team to handle clients.

With 12 years at Tierra Antigua Real Estate, the couple was consistently at the top of the local sales rankings. They would often close more than 100 transactions annually.

After more than a decade of working for another broker, Jim and Maria felt it was the right time to open their own brokerage. With a degree in marketing and brand management, Jim wanted to start a real estate company that had a focus on consistent, clean branding and had the flexibility to adapt to a changing market.

“Maria and I were able to keep our business steady through the downturn of the economy by being proactive with our model and adapting to the shift,” Jim said. “By moving to short sale listings, we were able to not only stay consistent with our business, but become a resource for those in our community who needed it during a difficult time.”

After finding out about NextHome, the couple called several NextHome franchisees to see how they felt about being involved with a relatively newer franchise brand.

“Just speaking to the several NextHome brokers over the phone, I could tell they felt connected to the company,” Jim said. “That comfortability to tell us what they honestly felt about NextHome and how happy they were, let us know that this was the company for us.”

When not selling real estate, the couple of 19 years enjoy traveling and spending time with their two children, Antonio (17) and Angelina (15).

Please join us in congratulating Jim, Maria, and the rest of the team at NextHome Complete Realty on their expansion in Phoenix!

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

NextHome announces Bradenton, Florida office

NextHome announces Bradenton, Florida office

Xena Vallone

Pleasanton, CA — March 18, 2020 — NextHome is pleased to announce the newest addition to the franchise, NextHome In The Sun, based in Bradenton, Florida. The brokerage represents the 67th office location opened in Florida for the NextHome franchise and the 446th NextHome office opened nationally.

The brokerage is owned by Xena Vallone, who has been serving the Sarasota and Manatee County area real estate clients since 2002. Xena and her team at NextHome In The Sun will serve all types of residential clients, providing expertise for first-time buyers, move-up buyers,  relocations, luxury purchases, and investment buying. In addition, NextHome In The Sun offers property management services. 

The brokerage helps all clientele across Bradenton, Ellenton, Lakewood Ranch, Siesta Key, Bradenton Beach, Longboat Key, North Port, Englewood, Venice, Port Charlotte, and the remainder of Manatee, Sarasota, and Charlotte counties. 

Xena entered real estate in 2002 following a career as a paralegal in New York. As a paralegal, she worked extensively with homebuyer contracts. 

“Because of that background, I am very particular and detail-oriented,” Xena said. “I make sure that our contracts are well written. In addition, seeing that process from the beginning of the contract through the end gave me valuable insights that I can now share with my clients.” 

After obtaining her real estate license in 2002, Xena experienced what it was like to work with two franchised brands – Coldwell Banker and Prudential – before opening her own brokerage in 2009.

In the midst of an industry downturn, Xena Vallone Realty expertly weathered the storm. As foreclosures expanded, Xena spoke at seminars and worked with area attorneys to give homeowners the skills and knowledge they needed to potentially save their homes. Xena also had a great team working for her at the time, and together they handled short sales. Xena Vallone Realty developed a reputation for excellent customer service and many of the clients Xena helped during the recession returned when they were ready to re-enter the market.

Xena Vallone Realty did well for 10 years. However, Xena knew that in order to recruit more agents in a changing industry she would need to offer the best marketing and technology available. She began researching franchises and several friends pointed her to NextHome. 

“First, I connected with NextHome’s Vice President, Imran Poladi, at a local event,” Xena recalled. “Then my friend Anand Patel opened a NextHome franchise in Tampa. Other agents then began telling me they were going to partner with NextHome. Finally, another friend of mine started his NextHome franchise and I began to think that I was missing the boat on this!”

After a careful six-month decision-making process, Xena opened NextHome In The Sun. 

“What really got me was NextHome’s back-end support and how well all the tools worked together,” Xena said. “Also, as a listing agent, I was really impressed with NextHome’s marketing capabilities. Then, when we went to California for our training, everyone was very welcoming and gave us a lot of ideas. The information and support you get is incredible. I really grew to love the family aspect of NextHome, probably because that’s a big part of how I want to do business.” 

Today, Xena is setting NextHome In The Sun apart with a focus on her company motto: Real Solutions, Unparalleled Service. 

“We are going to find solutions for any problem that might come up,” Xena said. “From contract to close we want to make sure everything works. I’m a checklist girl, so we make absolutely sure everything is in order and we have a reputation for showing clients that we are prepared. We are all about the experience!”

Xena has been actively involved in state and local real estate leadership for more than 10 years. She was the 2017 president of the REALTOR Association of Sarasota and Manatee, which is currently 7,000 members strong. In addition, she has served on several state committees. Xena previously served on Florida’s Resort and Second Home Committee, which she chaired in 2019. Currently, she is on Florida’s REALTORS® Attorney Joint Committee as well as Vice-Chair of Florida’s Forms Committee. Xena has also served as a board member for her local MLS area. 

When she isn’t working, Xena enjoys pampering her two beagles and spending time at Bradenton Beach with her husband Dave, her son and daughter-in-law, and their three grandchildren. 

Please join us in congratulating Xena on the opening of NextHome In The Sun in Bradenton, Florida!

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

What First-Time Homeowners Need to Know About Filing Taxes

What First-Time Homeowners Need to Know About Filing Taxes

If you bought a home for the first time in 2019, you probably have questions about filing your taxes. Learn more about filing taxes for the first time as a homeowner.

Buying your first home is a big deal. It’s perhaps the biggest purchase you’ll ever make, and it can bring independence, privacy, self-reliance and stability, as well as setting you on the path towards financial security, freedom and flexibility.

If you bought your first home in 2019, you’ll be filing taxes as a homeowner for the first time this April. You may have heard that first-time homeowners can get a big tax break. Well, we have some bad news and some good news regarding that.

Bad news first: The homeowner tax credit for first-time home buyers is a rule that no longer exists. You can only take advantage of it if you purchased your first home on or before September 30, 2010.

But the good news is that there are still tax advantages to homeownership. The added good news is that you don’t necessarily have to be a first-time homeowner to take advantage of them. You can continue to benefit from homeowner tax advantages for the entire length of time you own your home and even after you sell it. These tax tips for new homeowners will show you how.

You Can Deduct Mortgage Interest and PMI

Under the Tax Cuts and Jobs Act of 2017 (TCJA), you can deduct any interest you paid on your mortgage, as long as you borrowed $750,000 or less. This includes mortgage interest you paid as part of closing costs. If you bought your home on or before December 15, 2017, you’re grandfathered in under the old limit of $1 million, so you can deduct loan interest on mortgages up to that amount. You can take this deduction every year you’re paying on your mortgage, and for subsequent home purchases as long as your loan amount is below the threshold. You can also deduct the interest you paid on a home equity loan up to $100,000, as long as you use that money to improve your home.

If you borrowed for your home with a downpayment of less than 20 percent, you probably have private mortgage insurance, or PMI. You can deduct PMI payments as long as your adjusted gross income is less than $100,000 if you’re married or $50,000 if you’re single.

You Can Deduct State and Local Taxes

You can deduct your state and local taxes, or SALT, from your federal taxes, up to a limit of $10,000 under the TCJA. If you pay your taxes through an escrow account, you’ll see that amount on your Form 1098. If you pay local taxes directly to your municipality, make sure to keep a record of your payments so you can deduct those from your taxes, too.

A caveat: you have to itemize in order to deduct SALT payments, PMI payments and mortgage interest. SALT deductions, and mortgage interest deductions, too, might benefit you at tax time if you live in an expensive, high-tax area. Otherwise, you may be better off taking the standard deduction, especially if you’re married. If you’re single, on the other hand, your mortgage interest, PMI and SALT might easily exceed your standard deduction.

Do You Qualify for a Homeowner Exemption?

In many states, some homeowners qualify for a homeowner exemption or homestead exemption, which can lower your property tax bill, usually by lowering the assessed value of your home.

Who qualifies? Well, that really depends on your local laws. Typically, these things are decided on the state, county or municipal level, and requirements can vary widely. Commonly, homeowner exemptions are given to the elderly, the disabled and veterans, but some jurisdictions give them out to homeowners below a certain income threshold or homeowners who make specific improvements to their property, such as planting a rain garden or a coconut tree. Typically, you do have to use the home as your primary residence in order to qualify.

Some Energy-Efficient Upgrades Still Bring Tax Benefits

You can’t get tax breaks for most energy-efficient home upgrades anymore, but you can still get them for solar panels through 2021. If you had solar panels installed in 2017 through the end of 2019, you can get back 30 percent of your costs in the form of a tax credit. If you install panels in 2020, you can get back 26 percent of the cost, and if you install them in 2021, you can get back 22 percent of the cost.

Home Office Deductions May Be Available, Too

Whether you work from home full-time or just have a side hustle, you may be able to take a business use of home deduction. You can deduct $5 per square foot for up to 300 square feet of office space for a total deduction of up to $1,500. However, you should make sure that your home office is exclusively used for business purposes, and check with a tax professional to make sure you’re meeting the strict guidelines required to qualify for this deduction.

Before you file taxes as a homeowner for the first time, you need to know what tax credits and deductions you qualify for. Homeownership brings many tax advantages on the federal, state and local levels. It’s just one of the many reasons why owning your own home pays off.

For more helpful tips from our partners at American Home Shield, check out their blog!

NextHome Golden State opens in Woodland, California

NextHome Golden State opens in Woodland, California

Vicki Bourn

Pleasanton, CA — March 13, 2020 — NextHome is pleased to announce the newest addition to the franchise, NextHome Golden State, based in Woodland, California. The brokerage represents the 72nd office location opened in California for the NextHome franchise and the 445th location opened nationally.

Located about 20 miles north of Sacramento on Interstate 5, Woodland is a small agriculture town steeped in old west charm and filled with historic architecture. From her small-town office, brokerage owner Vicki Bourn serves buyers and sellers from Colusa to West Sacramento and everywhere between. The brokerage brings expertise to clients in Woodland, Davis, Winters, Sacramento, Colusa, Yuba City, Marysville, Dixon, Vacaville, El Dorado Hills, and the remainder of Sutter, Colusa, Yuba, Placer, and Sacramento counties. Vicki and her team of agents are happy to serve clients anywhere within a 60-mile radius of Woodland. 

NextHome Golden State’s foundations are built on Vicki’s 25-year background in mortgage lending and real estate sales. Vicki began her career in the industry in 1994 as a mortgage banker with All Pacific Mortgage. For over a decade, Vicki used her thirst for learning to become a regional expert in various mortgage programs. 

“With my sales client’s needs in mind, I try to match them to the lender and program that will benefit them the most,” Vicki said. 

With her mortgage banking background, Vicki is familiar with VA, FHA, and EEM (Energy Efficient Mortgage) loans as well as the CalHFA down payment program and many more lending tools available for her clients.  

In 2005, Vicki transitioned those skills into the real estate sales industry. After obtaining her license, Vicki began working with the ERA franchise in Woodland. Two years later, she partnered with Lyon Real Estate where she successfully sold from 2007 to 2010. Vicki’s career then took her to a RE/MAX franchise and later to Cache Creek Realty. 

Eventually, after more than 13 years in real estate sales, Vicki started thinking about opening her own brokerage.

“After so many years in the real estate industry, I knew I could leverage all of that knowledge to build an industry-leading brokerage and provide superior client service through every aspect of the sales process,” Vicki said. “It was time for me to do things on my own terms.”

In 2019 she connected with NextHome broker Cory Gold with NextHome Cornerstone Real Estate in Davis, California. 

“He opened this whole new door to me,” Vicki said. “I liked what he showed me in his office and I liked what NextHome’s VP of Sales Charis Moreno had to say. In the end, I just think NextHome’s materials and the company’s tools are far superior to what I had ever been offered at any other brokerage.”

Today, Vicki is building NextHome Golden State with professional agents who are willing to collaborate and share their ideas. 

“That collaboration and involvement from agents is very important to me,” Vicki said. “Although I am the broker, I don’t know everything, and I strongly feel that we can always learn from each other. With that collaboration, NextHome Golden State can create a new path with an environment where people can feel safe sharing ideas and expand on what they want to do. Here, an agent can focus on what motivates them and use the NextHome tools and marketing to fulfill their needs. Our team can also expect that I will always have their back and help, no matter what they need.”

That level of support and friendly collaboration has an impact on the buyer and seller experience as well. 

“Our clients can expect access to a happy, active, different choice brokerage,” Vicki said. “I think what NextHome offers is far superior to what anyone else around offers, and our clients truly benefit from that.”

When she isn’t selling real estate or supporting her agents, Vicki volunteers with the Native Sons of the Golden West Parlor #30. Founded in 1875, the organization is dedicated to historic preservation, documentation of historic structures and places in the state, the placement of historic plaques, and other charitable functions within California. Currently, Vicki is involved in the restoration of a historic church in a nearby town. For Parlor #30, Vicki has been sponsoring free concerts for Woodland on the first Friday of every month since July 2019. She also enjoys golfing, gardening, biking with her three dogs, and entertaining.

“My all-time favorite thing is having my dining room table filled with people and being able to cook for them,” Vicki said.

Vicki is the proud mother of two grown children Katy and Wayde, and the grandmother of five. 

Please join us in congratulating Vicki on the opening of NextHome Golden State in Woodland, California! 

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

 

Each office is an independently owned and operated business.

NextHome announces new Hollister brokerage

NextHome announces new Hollister brokerage

Nants Foley & Barbara Douglass-Scherer

Pleasanton, CA — March 10, 2020 — NextHome is pleased to announce the newest addition to the franchise, NextHome Four Corners Real Estate Group, based in Hollister, California. The brokerage represents the 71st office location opened in California for the NextHome franchise and the 443rd NextHome brokerage opened nationally.

NextHome Four Corners Real Estate Group is owned by Barbara Douglass-Scherer and Nants Foley. Together they bring more than 33 years of combined experience to buyers and sellers. Nants has built a reputation of excellence working with residential and ranch/horse property clients. Barbara expertly serves veterans in addition to residential and commercial buyers and Sellers.

Located in the Central Coast of California, NextHome Four Corners Real Estate Group is adjacent to Silicon Valley and actively serves San Benito, Santa Clara, Monterey, and Santa Cruz counties.

Barbara’s real estate industry journey began after 25 years in human resources at the executive level. In 2010, she obtained her real estate license and began working with Century 21 M&M in Los Banos. Her years of working with people in human resources, combined with earning her Bachelor of Science in Organizational Management have been instrumental in Barbara’s approach to real estate. Over the next several years, Barbara had the opportunity to work with other large and small franchises in San Jose, Gilroy, and Hollister.

In 1996 Nants began in real estate with a small family-owned brokerage. Real estate seemed the right career choice for someone with Master’s degrees in both architecture and marketing. She soon obtained her Broker’s license. Over the years she also worked with large companies such as Coldwell Banker and Intero Real Estate Service. In 2015 Nants created an indie brokerage – Four Corners Real Estate.

Barbara and Nants met while collaborating on a successful transaction in Hollister. Nants was the listing agent and Barbara represented the buyers. Their similar philosophy created a working relationship based on customer service and excellent execution made them realize they could work together exceedingly well. Both recognized that they worked well together but little did they know that was the start of a future fabulous partnership!

It was Barbara who found the NextHome franchise opportunity while searching for the cutting-edge technology tools to provide epic service to her clients.

Nants had an anti-franchise bias but kept her mind open to Barbara’s suggestion. Once she looked through NextHome’s promotional materials, Nants was sold. 

“All it took was opening the materials and looking through the resources to know that NextHome was where we needed to be,” Nants said. “It ticked all the boxes for the technology we needed. Also, the cost of being a franchisee was so reasonable I recognized I couldn’t even come close to achieving that value by getting tech pieces together and paying for them separately. It was a no-brainer.”

Today, Nants and Barbara are setting NextHome Four Corners Real Estate Group apart from the crowd utilizing NextHome’s cutting-edge technology, marketing, and commitment to professionalism.

“One of the reasons Nants and I work so well together is that our visions are very much aligned,” Barbara said. “Professionalism and education are our hallmarks. We provide clients with a better experience than they can get anywhere else.” 

NextHome’s #humansoverhouses resonated strongly with both Barbara and Nants.

“The business of real estate has evolved,” Nants explained. “We are operating in a global marketplace. And to excel in that global market, we need to execute with a new level of professionalism, commitment, and excellence. We are a small office, but we are mighty in the tools and technology that we offer our clients.”

Nants has been involved with a long list of community organizations since she and her family moved to Hollister from the San Francisco Bay Area in 1990. She was a Hollister Planning Commissioner for seven years. She served as gubernatorial appointee to the 33rd District Fair Board for seven years. She was a board president when San Benito county’s first women’s crisis center, Emmaus House, opened. In addition, she has been active with the San Benito Chamber of Commerce, the Hollister Downtown Association, and The United Way. She also taught classical ballet for two decades at a local dance studio. With her husband Tim Foley, former San Benito County Superintendent of Schools, they now volunteer their time with DreamPower Horsemanship in Gilroy. The philanthropic organization uses equine therapy to improve the lives of people with mental, physical, or intellectual limitations.

Barbara is also passionate about her community. She supports her husband’s efforts at the American Legion, the Veterans Legion Riders, and the Hollister Lions Club. Barbara also helps out with Save Our Setters Rescue when needed. Her Irish Setter, Harley is happy to help but kind of likes being an “only child” – well, except for Luke!

Please join us in congratulating Barbara and Nants on the opening of NextHome Four Corners Real Estate Group in Hollister, California!

Photo courtesy of Mary Casillas.  

 

Interested in being a part of the NextHome Real Estate Franchise? Contact VP of Sales Charis Moreno at Charis@NextHome.com.

Each office is an independently owned and operated business.