Blog : Realtor

NextHome Orange Blossom Real Estate is the Newest NextHome Office

NextHome Orange Blossom Real Estate is the Newest NextHome Office

Ana Afshin

Pleasanton, CA — April 16, 2019 NextHome is proud to announce our newest addition to the franchise, NextHome Orange Blossom Real Estate. The new brokerage represents the 56th office location opened in the state of Florida by the NextHome franchise. The Minneola-based brokerage will be owned and operated by broker Ana Afshin.

NextHome Orange Blossom Real Estate will provide real estate services such as first-time buyer, investor, rehab & resale, commercial, senior living, and traditional single-family sales for the areas of Minneola, Claremont, Groveland, Kissimmee, and the remainder of the North Orlando area.

Ana also works with investors from overseas, particularly from Europe and South America.

Based in Lake County, the city of Minneola is located 40 minutes northwest of Orlando and is home to just under 15,000 residents.

Ana started her real estate career right out of high school in 1999 in Ann Arbor, Michigan. Her stepfather convinced her to work with him at his commercial real estate business. The two of them focused on purchasing and managing apartment complexes.

Ana worked as the leasing agent for one of his complexes and was responsible for filling the units with qualified tenants, as well as maintaining each unit. Shortly after, she assisted in selling and acquiring those apartment complexes.

After moving to the Dallas-Fort Worth area of Texas in 2004, Ana got her real estate license, but not for commercial real estate reasons.

“While the money was good in commercial real estate, I really didn’t enjoy it,” said Ana. “My passion was in residential real estate, so I changed my focus to selling homes.”

Over the next five years, Ana worked at a local franchised office, before opening her own brokerage in late 2009. With residential sales slowing due to the recession, Ana went back to her roots and focused mainly on multi-family and commercial sales. During this time, she also purchased a large apartment complex that she rehabbed and resold for more than $1 million in profit.

“I take pride in not only knowing how to help investors evaluate how to buy and sell commercial and multi-family properties, but as an investor myself, I can share with them ideas and strategies on how to maximize their profits,” said Ana. “Additionally, I really loved being able to provide people with a nice home to live in.”

In 2015, Ana and her family moved to Florida after selling her Texas brokerage.

“My husband, Cameron, is from the Dallas area, but we always went to Florida for vacations with the family,” said Ana. “Since we spent so much time there, I was finally able to convince him to make the move and we relocated after we sold our brokerage.”

After making the move, Ana focused on raising the couple’s three children, while Cameron bought and flipped properties from 2015 to 2017.

In 2018, Ana was ready to come back and sell real estate full time and that’s when she found NextHome.

“I Googled every phrase related to ‘real estate franchise’ and NextHome kept coming up no matter what I searched,” said Ana with a laugh. “I was instantly intrigued because the orange colors were exactly what I used in my previous brokerage. But the thing that made me most interested in the franchise was the camaraderie between brokers– not competition.”

The NextHome Orange Blossom Real Estate difference will be the constant goal of earning client trust.

“I want our agents to know it’s not about the commission, but rather the families that are entrusting us to represent them as best as we can,” said Ana. “If we take care of our clients with top-level service, the money takes care of itself.”

Ana and Cameron have been married for 13 years and they have four wonderful children – sons Skyler (13 years old), Blaze (10), Jax (eight-months-old), and daughter Hailo (4). The family loves spending one full day a week enjoying the beach, Universal Studios or Disneyworld.

Please join us in congratulating Ana and the rest of the team at NextHome Orange Blossom Real Estate on the opening of their NextHome office in Minneola, FL!

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 launches first Rhode Island office for the franchise

NextHome launches first Rhode Island office for the franchise

Brian Buonaiuto

Pleasanton, CA — April 9, 2019 — NextHome is proud to announce our newest addition to the franchise, NextHome Ocean State Realty Group. This new brokerage represents the very first office location opened in the state of Rhode Island by the NextHome franchise. The Cranston-based brokerage will be owned and operated by broker Brian Buonaiuto. He will be joined at the brokerage by his wife, Tara, who is also a licensed agent.

NextHome Ocean State Realty Group will provide real estate services such as first-time buyer, investor, rehab & resale, military relocation, and traditional single-family sales for the entire state of Rhode Island. The brokerage also works closely with the Homes For Heroes program – a home buying program specifically designed for first responders, military personnel, medical professionals, and school teachers.

“Our brokerage takes pride in being able to service the entire state,” said Brian. “Based on the size of Rhode Island, an agent can drive from one side of the state to the other in 45 minutes.”

Brian comes from a background in corporate management, where he had previously worked at several different Fortune 500 Companies such as Burger King, Enterprise Rent-A-Car, and Public Storage.

Knowing he was no longer interested in corporate America, Brian had an eye on pursuing his passion for real estate and in 2018, he left his management role to make the move to selling homes full time.

“I wanted to take my business experience and direct it towards a career where I felt I could really make a difference with buyers and sellers who were looking for great representation,” said Brian.

He started with a small independent brokerage in Cranston and did very well in his first year. But it was a conversation with a friend from Florida that caught his attention.

“I was anxious to start my own brokerage as soon as I was able,” said Brian. “My friend told me about her brokerage (NextHome Gulf Coast) and I looked into the franchise.”

“Everything I saw, I absolutely loved,” he added.

Brian says the NextHome Ocean State Realty Group difference will be having “a company that delivers high level technology that not only helps the buyers and sellers, but also allows agents to provide a ton of value for their clients.”

Brian and Tara have been married for six years and they have a five-year-old son, Jack. With Jack having autism, the couple are very involved with multiple charities and organizations that provide support to families with autistic children.

Please join us in congratulating Brian, Tara and the rest of the team at NextHome Ocean State Realty Group on the opening of the first NextHome office in the state of Rhode Island!

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.

Meet your March 2019 NextHomie of the Month!

Meet your March 2019 NextHomie of the Month!

Please join us as we celebrate our NextHomie of the Month for March 2019, Scott Louser of NextHome Legendary Properties! With offices in Minot and Bismarck, North Dakota, Scott serves his community in more ways than one making him the perfect fit for the Culture Committee’s NextHomie of the Month title.

For Scott, real estate and public service are a part of his DNA. His father owned a real estate franchise when Scott was growing up, and at the same time, his mother served on the state’s real estate regulatory board. While he started in a retail career, it wasn’t long before Scott realized his calling was in real estate, and that is exactly where he went.

In 1997, Scott obtained his real estate license in North Dakota and got straight to work. In 2001, Scott served as the President of the Minot Board of REALTORS® Association. In 2005, he served as the North Dakota State Real Estate President. In 2006, he was recognized as REALTOR® of the Year. In 2007, he purchased his first franchise. Oh, and in 2012, he went on to serve as the Vice President of a little group called the National Association of REALTORS®, you may have heard of them.

Scott Louser is a true servant leader and to him, that’s what life is all about. “It’s not a dirty little secret, it’s a clean big secret,” said Scott. “I get back way more than I give by tenfold. If you give back and pay it forward, you’ll always get back more than you give.”

Even after all of that, he still wanted more. In 2010, he decided to run for public office and he was selected to serve as Minot District 5’s State Representative. Since then, he has won two additional elections and continues to serve as the Assistant Majority Leader of the House today.

“I’ve always had a passion for politics,” said Scott, “I was tired of sitting back and just complaining.”

Scott first found NextHome in 2015, where he had a unique start. “I was involved in putting together the Danger Report for NAR,” said Scott, referring to the report first released in 2015 that targets the dangers and risks that impact the residential real estate market. “I talked to James Dwiggins [the CEO of NextHome] about the report twice, then we hired him to present that report to the National Association of REALTORS®.”

While working on the Danger Report together, Scott and James began working on a project of their own. Shortly after, in December of 2015, Scott announced his move to NextHome and he opened his first NextHome Legendary Properties office in Minot, North Dakota.

So, why NextHome?

“I stole this quote from (NextHome Vice President of Sales) Charis Moreno,” Scott said with a laugh, “but I wanted to be a part of something bigger. Culture is everything. They (NextHome Corporate) feel it and they work it. You can’t just say you have it, you have to work it. There’s a feel in this brand that doesn’t exist anywhere else. I was nervous, but I knew together I couldn’t fail.”

So, what’s next for Scott?

He and his wife, Alexa, have three beautiful children together. For now, serving as a father, a husband, a legislator, and a NextHome Franchise Owner of two office locations is more than enough to keep him busy.

“If I’m fortunate enough to get reelected, I’ll continue with the legislature. I’d like to expand and open other NextHome offices, but we’ll just have to see how things go.” Whatever Scott’s future may hold, we are certain it will be filled with passion and the same desire to serve that has filled his life in both real estate and politics.

“Being a REALTOR® means making a lasting difference in a client’s life, and being a Broker means making a lasting difference in a REALTOR®’s life,” said Scott.

“And being Scott Louser means making a lasting difference for what you believe in,” added Randy Lenz, Culture Committee Chair.

Congratulations, Scott Louser!

‘Lazy’ Millennials Do More Work When Buying, Selling Homes

‘Lazy’ Millennials Do More Work When Buying, Selling Homes

An overhyped stereotype about millennials is that they’re entitled narcissists who can’t be bothered to do homework, legwork or even stash a few dollars in the bank (see avocado toast). That caricature can be taken apart in many ways – including by research from the Zillow Group Consumer Housing Trends Report that shows millennial home buyers and sellers are extremely motivated: They go on more tours, give more open houses, do more research on real estate professionals, and fix up their homes at higher rates than older generations.

Tours, tours, tours!

When buying a home, millennials go on more tours than their older counterparts. The average millennial goes on 4.4 tours — slightly more than Gen X and baby boomers — and outdoes the average of 2.7 for the silent generation.[1] They also attend more open houses: 42.7 percent of millennials go to at least two – a higher share of buyers than Gen X (30.4 percent), boomers (24.9 percent), and the silent generation (16.3 percent).

When millennials use an agent, they still do more themselves. Among millennials that use an agent, 20.2 percent go on tours themselves, higher than the 12.2 percent of Gen X, 10.4 percent of boomers, and 3 percent of the silent generation who do the same. Millennials selling their homes also give more tours on their own before getting their agents involved: 30.3 percent of them give tours to potential buyers before engaging an agent, compared to 18.1 percent of Gen X, 8.5 percent of boomers and 10.1 percent of the silent generation.

Millennials do their homework

Millennial buyers also do more research throughout the process. Among those who enlist the help of an agent at some point in their search, 37 percent of them preview or screen homes themselves, compared to 28.3 percent of Gen X, 29.6 percent of boomers and 14.5 percent of silent generation buyers. More millennial buyers also identify the homes they consider: 42.6 percent, compared to 32.7 percent of Gen X, 29.5 percent of boomers, and 10.3 percent of the silent generation.

When hiring the many professionals that play a part in the buying and selling processes, millennials are more likely to research and evaluate agents, contractors, inspectors, and other professionals. When looking for an agent, the average Millennial seller contacts 2.5 agents before settling on one – more than the 1.7 agents that Gen X and baby boomer sellers contact and more than the 1.4 that silent generation sellers reach out to.

When searching for an agent to help them buy a home, 81.2 percent of Millennials do at least one of the following to evaluate them:

  • Read online reviews
  • Visit their brokerage website
  • Look up their past sales history
  • Ask a friend or family member about their experience with the agent or broker
  • Figure out their market knowledge / how well they know the area
  • Interview agent(s) or broker(s)

Older generations also research their agents, but at lower rates than millennials: 75.9 percent of Gen X buyers do at least one of the above, as do 68.7 percent of Boomers and 71.1 percent of the Silent Generation.

Among buyers who use an agent, millennials are more likely to find their own inspector than older generations: 22.5 percent of millennials find their own, compared to 17.2 percent of Gen X, 11.7 percent of Boomers and 11.6 percent of the Silent Generation.

The average millennial buyer also outdoes other generations when it comes to contacting lenders: Millennials contact an average of 2.8 lenders before choosing one, more than the 1.7 lenders contacted by Gen X, 1.8 by Boomers and 1.3 by the Silent Generation.

Younger sellers are more likely to fix up before selling

Millennials are more likely than all older generations to fix up their homes for sale. They outdo baby boomers and the silent generation when it comes to painting, redecorating, landscaping, replacing or buying new furniture, and kitchen and bathroom improvements. Ninety percent of millennials do some sort of improvement, compared to 84.6 percent of Gen X, 69.1 percent of boomers and 58.8 percent of the silent generation.

You might think millennials are doing more work because of the kinds of houses they own: If the houses are older, for example, they might need more repairs. But the data show that millennials sold homes that are on average about eight years newer than homes sold by older generations.

The DIY Generation flexes tech skills

Millennial sellers that use an agent are also more likely than older generations to do a lot of the work that agents often handle. For example, millennials are more likely to have photographs taken of their home: 31.7 percent do, compared to 18 percent of Gen X sellers, 11.4 percent of boomer sellers and 4.3 percent of silent generation sellers. In addition to photos, millennials also make print ads and have video or other media taken of their homes at higher rates. Given how tech savvy they are, it’s no surprise that they’re big on promoting their homes on real estate sites (22.7 percent) at nearly triple the rate of older generations (8.5 percent) and on social media (38.0 percent compared to 15.5 percent for older sellers).

Younger sellers learn as they go

Seventy-eight percent of millennial sellers are doing so for the first time; this is their first rodeo. The fact that they’re overwhelmingly learning the ropes for the first time may partially explain why they are doing more work: 58.1 percent of them have at least one offer fall through, compared to 37.9 percent of Gen X sellers, 30 percent of boomer sellers and 22 percent of silent generation sellers. Because a large proportion are first timers, they also are less likely to have an established network of professionals to rely on, which means they have to do more research to find a team.

Even so, they are more eager than older generations to do work themselves. When asked whether they prefer to take the lead themselves or rely on guidance from professionals, 57.5 percent of millennial sellers say they are more inclined to take the lead themselves – a higher percentage than older generations. Among Gen X sellers, 40 percent report taking the lead, compared to 29.5 percent for boomers and 24 for the silent generation. This preference may explain why millennials often outdo older generations when it comes to the homework, fixing up and other jobs associated with the home selling process.

[1] Millennials refers to people between the ages of 24 and 38. Gen X is 39 to 53. Baby boomers are 54-73. Silent generation refers to people age 74 and up.

For more helpful tips, visit the Zillow blog!

Getting New Business From Old Clients

Getting New Business From Old Clients

We spend so much time talking about the importance of repeat business and referral business… but the reality is that MOST agents have still not come up with the right way to keep in touch naturally over the long-term. The result?

Will your clients hire you the next time you buy or sell your home? Are you sure?

After closing, 70% of sellers say they would “definitely” use their agent again — but only 25% of repeat buyers and sellers actually do.

We aren’t here to lecture you. Creating one client for life relationship is tricky enough, and aiming to keep in close touch with every client you’ve ever had is nearly impossible. Still, there are a few low key ways to ensure that you don’t break a bond that could end up paying off — both in business and in friendship — after you walk away from the closing table.

Below are four tactics you can employ to create more long-term, business-boosting client relationships.

1. Rank your clients

You ask for reviews and testimonials after you close, but do you ever bother to ask yourself how much YOU liked working with a client? If you want to focus on creating “clients for life,” then the first step is to wean out the clients who you have loved to work with. Not only will you be excited to keep in touch with them over the years, these people are also more likely to recommend other like-minded friends and family members to you in the future.

Consider adding a “Client Rapport” ranking to your CRM. After each closing, rank the client from 1-5. Anyone who scores at a 4 or 5 should be who you focus on as you create your “Client for Life” relationships.

2. Offer special treatment

You can continue to send the same refrigerator magnet to every person in your sphere but think about upping the ante for the “4 and 5-ranked” contacts in your database. Consider hosting a VIP wine and cheese event for past clients who love to mix and mingle, send young families a coupon to the local Six Flags, offer up a gift certificate to your past buyer’s new favorite neighborhood restaurant on the one-year anniversary of their home purchase.

By showing you care about them, remember their interests and are willing to spend money or time on them after the sale, you’ll be reinforcing a bond that can continue to grow even as you move further and further away from their initial transaction.

3. Watch for social cues and keep in touch with personal outreach

Many (and maybe even most) clients hire you as they are on the cusp of major life changes. Whether they are prepping to expand their family, downsizing after the kids move away or simply shifting to a neighborhood that better suits their long-term needs, the reason for their move can act as the primary way you keep in touch for the first few years after the sale.

Comment on their baby announcement on Facebook (or better yet, drop by with a branded swaddle blanket or onesie after they have settled into parenthood). Call to ask how their kids are enjoying the teachers in their new school. If you see that a coffee shop has opened up in their new condo building, ask if they would like to meet up for a cup of joe, then ask how they’re settling into their new neighborhood.

As the years go by and you get to know more about them than just their reason for moving, you can settle into a more natural conversation groove. But for the first few months or years after you work with them, don’t worry about focusing on the “safest” conversation topic around — their reason for moving (and hiring you) and how that decision is working out.

4. Give them an easy way to review and refer you

Many agents are afraid to ask for referrals directly because it can feel awkward and aggressive if not done in the right way. And while most have a way to generate testimonials or reviews, a lot of the platforms that promise to “syndicate” these reviews are clunky; they require an ironclad login and clients may feel turned off having to sign up for a site they never plan to use again. In the age of cybersecurity threats, not many people want to open up new accounts that require their email and other contact information.

When it comes to asking for reviews and referrals, it can be helpful for agents to ask for client feedback that:

  • Doesn’t require a login
  • Can be syndicated across the web
  • Can be used to generate a review, testimonial or one-to-one referral
  • Is sent on behalf of the agent, but doesn’t come directly from the agent’s email address

Agents who need such a service can peek at Reach150, a client feedback and referral management system from SmartZip. Reach150 is a low-key, no-nonsense way to automate your requests for referrals and reviews — and you can even turn your positive testimonials into marketing content to help win even more business over time. Get more details on Reach150 here.

For more helpful tips, visit the smartzip blog!

Don’t Be That Neighbor… Tips to Increase the Value of your Home

Don’t Be That Neighbor… Tips to Increase the Value of your Home


Tip 1: Let the experts help

 

Invite a NextHome realtor or interior designer over to give your home an initial assessment. You’ll avoid wasting time or money on less significant renovations and you’ll walk away with new inspiration. Remember: not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems severely affect the value (not to mention SAFETY!) of your home. Hire an inspector and make a checklist of urgent, important, and someday renovations

 

Tip 2: Landscaping Matters

 

Curb appeal is basically a love language in itself. Get rid of trash, clutter, and any other eyesores that might detract from a first impression. Purchase plants that are native to your region or plants that are drought-tolerant; these require less water and maintenance, which means cost savings for you.

 

Tip 3: Paint, Paint, Paint

 

One of the simplest and most cost-effective improvements of all is paint. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people.

 

Tip 4: Owning Less is Better than Organizing More

 

Your home tells a story and a clutter-free, bright space is always going to attract more potential buyers. It can be a worthy investment to hire a professional cleaning service to deep clean your home.

In addition to cleanliness, visual space or how large your home feels also matters. Replace heavy closed draperies with vertical blinds or shutters to let light in or try adding a single large mirror to a room to visually double the space.

 

Tip 5: Big Return on Bathroom & Kitchen Updates

 

A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing, and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.

You don’t have to start from scratch to increase value in the kitchen. Start by swapping out just one item, such as a stained sink or ancient microwave for shiny new stainless models. Even small kitchen updates will add big value to your home.

Be sure to reach out to Gateway Insurance Group to learn more about simple tips that can make all the difference for the value of your home. Visit us at www.gfapandc.com/nexthome

7 Ways to Find More Time in Each Day

7 Ways to Find More Time in Each Day

There’s no doubt about it, real estate is a demanding career that requires a big-time investment to be successful. Keeping up with client requests, listings, showings, closings, generating leads and the myriad of other tasks you need to accomplish can leave you begging for more hours in each day. How can you manage your work days to be more efficient and productive? Here are some tips:

1. Track your day using a log or time sheet. Even if it’s just for a week or two, write down or electronically record your day’s activities in 15-minute increments from the time you get up until the time you go to bed. Then, look back and see where the biggest chunks of your time are spent and where there may be some minutes each day that you can shift activities to gain some spare time. Notice any patterns that emerge, such as activities that you tend to consistently do during certain times of the day.

2. Think about when you are typically the most productive. For some people, it’s early in the morning. Others may need a few hours to reach their peak energy, and for some the end of the day may be their most efficient time. Whatever yours is, try to schedule the most important or the most taxing activities during those hours.

3. Try to consolidate where you can. Group tasks and activities for maximum productivity. For example, try to return calls, texts, and emails together as much as possible so that you’re not constantly being interrupted throughout the day. Try to handle all appointments and errands in the same part of town to avoid wasted driving time.

4. Tap into your multi-tasking skills. Check listing activity while you wait for appointments. Listen to real estate related podcasts while you drive to stay abreast of industry trends. Return phone calls while you walk or exercise.

5. Take advantage of the technology around you. Set notifications for only the things you need to be alerted about immediately, such as texts and phone calls. Organize the apps on your phone and tablet so that you can access them quickly, and delete those that you don’t use.

6. Take a social media break, and avoid the social media rabbit hole. While social media platforms can help you with leads and building client relationships, they can also be a time drain. Designate a set period each day to post on your social media accounts and to comment on other posts. To keep you on track, consider setting an alarm on your phone to signal when it’s time to move on to other tasks.

7. Team up with professionals who can make your life easier. For example, an American Home Shield® Home Warranty can help transactions go more smoothly as well as help build lasting client relationships. When buyers have AHS® Home Warranty protection and a covered item breaks down, they’ll call AHS and not you about the problem, which can save you time and help you be productive. Your local AHS Account Executive can also help you with marketing tools and other ideas to help you be as efficient as possible.

For more helpful tips, visit the American Home Shield® Home Matters blog.

The NextHome franchise opens location in Bethpage, New York

The NextHome franchise opens location in Bethpage, New York

Joseph Saldana (left) and Anthony Pellicane (right)

Pleasanton, CA — March 7, 2019 — NextHome is proud to announce our newest addition to the franchise, NextHome Revere. The brokerage represents the 7th location opened in the state of New York for the NextHome franchise.

The company will be owned and operated by long-time business partners Joseph Saldana and Anthony Pellicane.

Based out of Bethpage, NextHome Revere will provide real estate services such as single-family residential sales, first-time home buyers, multi-family, commercial, new construction, second homes, vacation homes, retiree services, and veteran relocation services in the boroughs of Queens, Bronx and Brooklyn, as well as Suffolk and Nassau Counties.

Both Anthony and Joseph followed similar real estate paths before linking up and partnering in 2012.

After a 20+ year career in law enforcement with the New York Police Department, Anthony started his real estate career in 2000 on the lending side. In 2004, he joined the Douglas Elliman real estate company and did both mortgage and real estate.

Successfully selling real estate, Anthony focused his attention to only real estate sales and in 2010 opened Simplicity Homes Real Estate.

Joseph started his real estate career as a mortgage lender in 2000. Working strictly on loans, he owned his own mortgage company until 2008, when he joined Cruz Real Estate, a real estate foreclosure firm. Joseph solely worked on REO and foreclosure properties until 2012.

While on their independent real estate paths, the future business partners met each other in 2010 when Joseph previewed a property that Anthony was holding open. The two men stuck up a friendship and worked together several times over the next few years.

Seeing an opportunity to work together, the formed a partnership in late 2012 and opened Joseph Anthony Homes in 2013.

“Joseph’s business savvy and how he makes confident and quality decisions for our team has been invaluable for our partnership,” said Anthony. “Joseph has been a great friend and a perfect partner to work with.”

“I’ve always loved that the two of us put in equal effort in making our business successful,” added Joseph. “So many times, we’ve seen other business partnerships not work because of one person not carrying their weight. I’ve never had to worry about that with Anthony. His work ethic is unmatched and I’m proud to be in business with him.”

The partners found NextHome in 2018 completely by accident. Interestingly enough, the introduction to the company came during a presentation from a competing franchise.

“We were looking at real estate franchises and while in a presentation with a well-known real estate franchise, they presented NextHome on the screen as a ‘disruptor’ and that piqued my interest,” said Joseph. “After researching what NextHome had to offer, we knew we found our franchise partner.”

On February 1st, 2019, NextHome Revere held its Grand Opening and had over 100 friends, family, past clients and community members in attendance. Also in attendance was NextHome’s Vice President Imran Poladi.

“Being there in person to see the launch of NextHome Revere was something special,” said Imran. “To see the outpouring of support and how dedicated these men are to not only providing great service to their clients and community, but also to their wonderful group of agents, I couldn’t be more proud of them. I speak for all of us at NextHome in saying we couldn’t be happier to have Anthony and Joseph be part of the NextHome family.”

Please join us in congratulating Anthony, Joseph, and the rest of the team at NextHome Revere on the opening of their NextHome office in Bethpage, NY!

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.

For First Time in 5 Years, Buyers Have More Selection to Start the Year (January 2019 Market Report)

For First Time in 5 Years, Buyers Have More Selection to Start the Year (January 2019 Market Report)

  • U.S. for-sale home inventory increased 1.2 percent from a year ago. The largest inventory increases were seen in softening but still competitive West Coast markets.
  • The typical U.S. home was worth $225,300 in January, 7.5 percent more than a year ago.
  • The median rent rose 2.1 percent over a year ago to $1,468, the third straight month of accelerating appreciation.

January marked the reversal of a longstanding trend in the housing market – a modest annual gain in for-sale inventory last month means that for the first time in at least a half decade, the U.S. housing market began the calendar year with more homes available for sale than the year prior.

There were slightly more than 1.6 million U.S. homes listed for sale on Zillow in January, up 1.2 percent from a year ago and the first annual gain recorded in January since prior to 2014,[1] according to the January Zillow Real Estate Market Report.[2] The small bump in inventory to start the year may give those buyers eager to get an early jump on the spring home shopping season some reason for optimism after years of consistent inventory declines, though inventory levels overall remain constrained.

Inventory fell year-over-year for 44 straight months beginning in January 2015, before reversing course in September 2018. It has since grown on an annual basis in four of the past five months, though at a fairly tepid pace. And inventory remains far below peak levels: The 1,618,058 U.S. homes for sale in January is down more than 20 percent from the recent high of more than 2 million set in July 2014.

Inventory remains below peaks reached in the past five years in all 35 of the nation’s largest markets for which we have adequate inventory data – in many cases far below. January inventory was more than 20 percent below recent peaks in 24 of these 35 markets, and less than 10 percent below peak in just seven.

Still, inventory did rise year-over-year in 28 of those 35 large markets, and many are adding inventory at a rapid pace, especially a handful of previously red-hot West Coast markets. On an annual basis, January inventory grew 42.9 percent in San Jose, Calif. (904 more homes available for sale in January 2019 from January 2018), 36.9 percent in Seattle (3,324 more homes), 31.9 percent in San Diego (2,450 more homes), 29.1 percent in Los Angeles (6,682 more homes) and 25 percent in San Francisco (1,556 more homes). Recent rapid growth in inventory is putting many of these areas closer to recent peak levels: Inventory is less than 10 percent below recent peaks in Los Angeles and San Jose, and is just 2.3 percent below the peak in San Francisco.

For the past several years, many homebuyers may have felt they couldn’t catch a break as the number of homes available for sale continued to shrink each passing month. But something shifted during the second half of 2018, and while home buyers aren’t yet out of the woods there is a glimmer of light on the horizon. The number of homes on the market is hesitantly inching higher – now approaching the highest level in a year and a half. And in the priciest markets, the jump has been even more definitive.

But buyers should not mistake a few more options for a sudden bounty, and this latest growth spurt in inventory has done little to cool rapid home value appreciation that has been driven in large part by high demand from buyers and limited availability of homes for sale. The median U.S. home value in January was $225,300, up 7.5 percent year-over-year. Annual U.S. home value growth has remained steady in the seven percent range over the past two years, though the national numbers obscure substantial differences across the country.

Home values were up year-over-year in each of the country’s 35 largest markets. Indianapolis and Atlanta experienced the biggest jumps over the past year, with home values increasing by more than 12 percent in both metros.

Rents also continue to grow. The U.S. median rent rose to $1,468/month in January, up 2.1 percent from a year ago, the largest annual increase in rent since May 2018 and the third straight month of annual growth after a brief flattening and decline in August, September and October 2018. Rent increased or remained flat in all major metros, with Orlando (up 7.4 percent) experiencing the biggest increase. On the other end of the spectrum, rents were flat in Portland over the past year.

Mortgage rates on Zillow ended January at 4.14 percent,[3] the lowest rate of the month. On January 1, rates began the year at their highest point, 4.3 percent. By the end of January, mortgage rates had retreated 61 basis points from their most-recent November 2018 peak.

Lower rates headed into the spring home shopping season may give buyers slightly more wiggle room in their budgets, helping to keep monthly mortgage payments more manageable even as home prices themselves continue to rise. But the benefit of lower rates may prove to be a double-edged sword for buyers – lower rates do boost affordability, but may also drive more buyers into the market, creating a more competitive environment than the brief lull the market experienced as 2018 came to a close.

[1] Zillow inventory data begin in January 2013, so year-over-year calculations for the month of January are only available beginning in January 2014.

[2] The Zillow Real Estate Market Reports are a monthly overview of the national and local real estate markets. The data in Zillow’s Real Estate Market Reports are aggregated from public sources by a number of data providers for 928 metropolitan and micropolitan areas, in many cases dating to 1996. Mortgage and home loan data are typically recorded in each county and publicly available through a county recorder’s office. All current monthly data at the national, state, metro, city, ZIP code and neighborhood level can be accessed at www.zillow.com/research/data.

[3] Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site and reflect the most recent changes in the market.

For more helpful tips, visit the Zillow Blog.

NextHome RGV Realty opens two office locations in Texas

NextHome RGV Realty opens two office locations in Texas

Ronnie Ontiveros

Pleasanton, CA — February 14, 2019 — NextHome is proud to announce our two newest additions to the franchise, NextHome RGV Realty in Port Isabel and McAllen, Texas. The two brokerage locations represent office locations #21 and #22 opened in the state of Texas for the NextHome franchise. The offices are approximately 20 minutes from each other.

The brokerage will be led and owned by top-producing REALTOR® owner Ronnie Ontiveros. She will handle all day-to-day operations for the company in both locations. She will be assisted on the leadership team by her mother, Nora Flores, who will handle back office details. Scarlett Pardo will serve as the Team Leader for the office.

The team at NextHome RGV Realty will handle all types of residential property sales such as first-time home buyers, investors, military and veteran services, land, relocation, foreclosures, short sales, and all forms of residential sales of 1-4 units. With nearly 20 associates between both offices, the company is poised to make a mark in South Texas.

The McAllen-based NextHome RGV Realty location will work in the cities of McAllen, Edinburg, Mission, Alamo and the entirety of Hidalgo County.

The Port Isabel office will handle clients in the cities of Port Isabel, Harlingen, South Padre Island, Brownsville and the remainder of Cameron County.

McAllen is the largest city in Hidalgo County with a population with nearly 150,000 residents.

A REALTOR® since 2004, Ronnie started her career in Dallas as a manager for the #1 Keller Williams agent in the United States at that time, Patrick Iommi. Working in that environment allowed Ronnie to learn the ins and outs of running a high-volume, highly productive real estate sales location.

After two years, Ronnie decided to make the move back to her hometown of McAllen and started working with a real estate team at Select Properties as a buyers agent. Shortly after, she switched to becoming a listing agent and had a very successful three year run as a member of the team.

In 2009, Ronnie and a business partner, made the move to Keller Williams in McAllen. Slowly building her business, her first year at the company, she sold nearly $4 million in volume – a huge achievement in a market where $179,000 is the average sales price of a home.

For nearly a decade at Keller Williams, Ronnie was one of the top producing agents in the entire city of McAllen. In 2018, Ronnie sold more than $14 million in real estate.

With ten years of high-volume sales, Ronnie was ready to go into 2019 as a business owner rather than just a REALTOR®.

“Prior to joining NextHome, I knew I wanted to either own my own brokerage or buy into an existing company and be part of the ownership team,” said Ronnie. “When I realized that an ownership opportunity wasn’t possible at the brokerage I was working at, I knew this was the time for me to go out on my own.”

After researching several different companies, Ronnie eventually decided to franchise with NextHome due to the strong organizational structure of the franchise.

“Having someone of Ronnie’s caliber join our company is an honor for us at NextHome,” said NextHome’s Vice President Imran Poladi. “As a long time real estate icon, she brings a stellar reputation and a brokerage full of talented and committed real estate agents who are really making an impact in their community. I speak for our entire corporate team when I say that we are beyond excited to have NextHome RGV Realty team join our NextHome family.”

Please join us in congratulating Ronnie and the rest of the team at NextHome RGV Realty on their office openings in Port Isabel and McAllen, Texas!

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.