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Looking Back to Move Forward: Power Brokers Reflect on 2017

Apr 7, 2018 by

In 2017, there were highs in housing, and hurdles. For the Power Brokers in RISMedia’s 30th Anniversary Power Broker Report & Survey, assessing both—what was good, and what was not-so-good—is an annual exercise, indispensable to their longevity and paramount to their success.

NEW! Get the digital, interactive ranking of RISMedia’s Top 500 Power Brokers.

When asked what factors impacted them the most in the past year, Power Brokers said:

Williams_Tipper_100x100[The biggest impact on business was] new technology. It’s improving the way we do business by increasing time management and allowing for better conversion rates and leads. The biggest struggle we faced was training our agent base to embrace and adopt technology. My fear is if they don’t get on board, they’ll be out of business. ­­– Tipper Williams, Operating Principal, Keller Williams Virginia Realty Alliance Group, Richmond, Va.

Scott_Lennox_100x100This past year was the most intense market I’ve ever seen in my 41-year career. It was the sixth straight year of a frenzy market in Seattle. – Lennox Scott, Chairman & CEO, John L. Scott Real Estate, Seattle, Wash.

Rand_Joseph_100x100Business was strong in 2017. Inventory is low all over, which finally drove up prices in the Northeast. – Joe Rand, Managing Partner, Better Homes and Gardens Real Estate Rand Realty, Nanuet, N.Y.

Piccinini_JP_100x100We acquired Private Label Realty and grew our brokerage by about 200 new agents in 30 days. While it was a great move, we felt the impact of the growth. It bogged down our back-end office for a month or so, but it forced us to revisit our processes and improve our systems. – JP Piccinini, Founder & CEO, JP and Associates REALTORS®, Frisco, Texas

Mesa_Rei_100x100We had a significant lack of inventory in the entry and move-up price points. In the luxury market ($ 2 million and over), growing inventory and demand is definitely there, but there’s a disconnect between sellers’ and buyers’ expectations on value. – Rei Mesa, President, Berkshire Hathaway HomeServices Florida Realty, Sunrise, Fla.

McLaughlin_Mark_100x100Our vibrant economy and employment market in California has resulted in record-setting job creation that’s outperforming new housing units by a factor of four to one, so demand is driving the equation. With interest rates near all-time lows throughout 2017 and [strong] consumer confidence, we’ve seen a positive impact on the state’s economy and housing market. – Mark McLaughlin, CEO, Pacific Union International, San Francisco, Calif.

Hetherington_Todd_100x100In 2017, there was (and continues to be this year) recruiting pressure from virtually every model of real estate: traditional, flat-fee, technology-based, salaried agent, tiered commission, cap commission, etc. That downward pressure on commissions, along with the degradation of broker profitability, continues to challenge even the healthiest of brokerages. It’s uncertain if some of those models can sustain and thrive in a down market. – Todd Hetherington, Founder, Co-Owner & CEO, NM Management, Inc./CENTURY 21 New Millennium, Washington, D.C.

Hengle_Felicia_100x100The very aggressive market we’re in has had a positive impact on business. We’re still seeing shortages in inventory, favorable interest rates and consumer engagement. – Felicia Hengle, Director of Ohio Operations, Coldwell Banker Schmidt Family of Companies, Strongsville, Ohio

Hampton_Marti_100x100Reduced levels of inventory. – Marti Hampton, Broker/Owner, RE/MAX One Realty, Raleigh, N.C.

RISMedia’s 2018 Power Broker Report & Survey is sponsored by American Home Shield, Homes.com, HSA Home Warranty, Leading Real Estate Companies of the World® and Pillar To Post Home Inspectors. The Power Broker Survey ranks brokerages by residential sales volume and transactions in 2017. The complete ranking of the Top 1,000 will be released shortly.

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Looking Back to Move Forward: Power Brokers Reflect on 2017 appeared first on RISMedia.

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Top Entryway Decor Ideas for 2017

Sep 3, 2017 by

By Katherine Medlin, guest contributor 

StyledStagedSold_imageThe entryway is a significant space within a home — it’s the first thing a potential buyer sees, and it sets the stage for the whole vibe of the home. Buyers can form opinions on a home within seconds of opening that front door. Your clients can make a few simple changes to their entryways to make that important first impression. Here are some hot trends for 2017.

Make the front door a focal point.

The door is the first thing visitors focus on at any home’s entryway, so make it impactful. Whether you advise your clients to paint it a bold color or add gorgeous greenery via a seasonal wreath, they can complement the home’s style and make a statement within a reasonable budget.

Invest in stylish but functional furniture.

Clients can create a welcoming vignette of furniture that beckons guests to the door. Design a space for dropping keys and handbags, and a place to sit and remove shoes. Think elegant console tables with drawers (that hide the clutter), woven baskets, and an antique rug. Remind sellers that they can take these new goodies with them when they move too!

Add art to the space.

Artwork in an entryway can make a big impact. Hang a beautiful piece of artwork or photography on the wall opposite the door. Choose carefully: You don’t want to put off buyers with something overly quirky. A mirror is a great choice and will help the entryway appear larger.

Illuminate the entryway with bold lighting.

The right lighting will give a welcoming feel to the entry, while being highly functional. Add a stylish lamp to the console table, or if the home has high ceilings or a two-story stairwell, go for a beautiful chandelier or pendant light in a timeless style.

Make a statement with striking wallpaper.

Wallpaper in bold patterns is making a huge comeback. Take a cue from designers in 2017 and work with the sellers to choose a striking paper for the entryway. This will add drama to the space and add that wow factor. To appease buyers who may not be sold on the pattern, choose a temporary wallpaper instead, which can be easily removed.

ABOUT THE AUTHOR: Katherine Medlin is an art historian with a keen interest in interior design and antiques. She writes foApartmentGuide.com and the Southern lifestyle blog Pender & Peony. She is based in Knoxville, Tenn.

Styled, Staged & SoldStyled, Staged & Sold

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Top Entryway Decor Ideas for 2017

Sep 2, 2017 by

By Katherine Medlin, guest contributor 

StyledStagedSold_imageThe entryway is a significant space within a home — it’s the first thing a potential buyer sees, and it sets the stage for the whole vibe of the home. Buyers can form opinions on a home within seconds of opening that front door. Your clients can make a few simple changes to their entryways to make that important first impression. Here are some hot trends for 2017.

Make the front door a focal point.

The door is the first thing visitors focus on at any home’s entryway, so make it impactful. Whether you advise your clients to paint it a bold color or add gorgeous greenery via a seasonal wreath, they can complement the home’s style and make a statement within a reasonable budget.

Invest in stylish but functional furniture.

Clients can create a welcoming vignette of furniture that beckons guests to the door. Design a space for dropping keys and handbags, and a place to sit and remove shoes. Think elegant console tables with drawers (that hide the clutter), woven baskets, and an antique rug. Remind sellers that they can take these new goodies with them when they move too!

Add art to the space.

Artwork in an entryway can make a big impact. Hang a beautiful piece of artwork or photography on the wall opposite the door. Choose carefully: You don’t want to put off buyers with something overly quirky. A mirror is a great choice and will help the entryway appear larger.

Illuminate the entryway with bold lighting.

The right lighting will give a welcoming feel to the entry, while being highly functional. Add a stylish lamp to the console table, or if the home has high ceilings or a two-story stairwell, go for a beautiful chandelier or pendant light in a timeless style.

Make a statement with striking wallpaper.

Wallpaper in bold patterns is making a huge comeback. Take a cue from designers in 2017 and work with the sellers to choose a striking paper for the entryway. This will add drama to the space and add that wow factor. To appease buyers who may not be sold on the pattern, choose a temporary wallpaper instead, which can be easily removed.

ABOUT THE AUTHOR: Katherine Medlin is an art historian with a keen interest in interior design and antiques. She writes foApartmentGuide.com and the Southern lifestyle blog Pender & Peony. She is based in Knoxville, Tenn.

Styled, Staged & SoldStyled, Staged & Sold

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Top Entryway Decor Ideas for 2017

Sep 1, 2017 by

By Katherine Medlin, guest contributor 

StyledStagedSold_imageThe entryway is a significant space within a home — it’s the first thing a potential buyer sees, and it sets the stage for the whole vibe of the home. Buyers can form opinions on a home within seconds of opening that front door. Your clients can make a few simple changes to their entryways to make that important first impression. Here are some hot trends for 2017.

Make the front door a focal point.

The door is the first thing visitors focus on at any home’s entryway, so make it impactful. Whether you advise your clients to paint it a bold color or add gorgeous greenery via a seasonal wreath, they can complement the home’s style and make a statement within a reasonable budget.

Invest in stylish but functional furniture.

Clients can create a welcoming vignette of furniture that beckons guests to the door. Design a space for dropping keys and handbags, and a place to sit and remove shoes. Think elegant console tables with drawers (that hide the clutter), woven baskets, and an antique rug. Remind sellers that they can take these new goodies with them when they move too!

Add art to the space.

Artwork in an entryway can make a big impact. Hang a beautiful piece of artwork or photography on the wall opposite the door. Choose carefully: You don’t want to put off buyers with something overly quirky. A mirror is a great choice and will help the entryway appear larger.

Illuminate the entryway with bold lighting.

The right lighting will give a welcoming feel to the entry, while being highly functional. Add a stylish lamp to the console table, or if the home has high ceilings or a two-story stairwell, go for a beautiful chandelier or pendant light in a timeless style.

Make a statement with striking wallpaper.

Wallpaper in bold patterns is making a huge comeback. Take a cue from designers in 2017 and work with the sellers to choose a striking paper for the entryway. This will add drama to the space and add that wow factor. To appease buyers who may not be sold on the pattern, choose a temporary wallpaper instead, which can be easily removed.

ABOUT THE AUTHOR: Katherine Medlin is an art historian with a keen interest in interior design and antiques. She writes foApartmentGuide.com and the Southern lifestyle blog Pender & Peony. She is based in Knoxville, Tenn.

Styled, Staged & SoldStyled, Staged & Sold

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