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How Buying or Selling a Home Benefits the Economy and Your Community
If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too?
To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:
As the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly built homes (see map below):
You may be wondering: how can a single home sale have such a major effect on the economy?
For starters, there are multiple industries that play a role in the process. Numerous contractors, specialists, lawyers, town and city officials, and so many other professionals are all necessary at various stages during the transaction. Every individual you work with, like your trusted real estate advisor, has a team of professionals involved behind the scenes.
That means when you buy or sell a home, you’re leaving a lasting impression on the community at large. Let the knowledge that you’re contributing to those around you while also meeting your own needs help you feel even more empowered when you decide to make your move this year.
Bottom Line
Homebuyers and sellers are economic drivers in their community and beyond. Let’s connect so you have a trusted real estate advisor on your side if you’re ready to get started. It won’t just change your life; it’ll make a powerful impact on your entire community.
Sellers Have an Opportunity with Today’s Home Prices
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend.
According to data from CoreLogic, home price appreciation has been re-accelerating since November. The graph below shows this increase in home price appreciation in green:
This is largely due to an ongoing imbalance in supply and demand. Specifically, housing supply is still low, and demand is high. As mortgage rates started to rise this year, many homebuyers rushed to make their purchases before those rates could climb higher. The increased competition drove home prices up even more. Selma Hepp, Deputy Chief Economist at CoreLogic, explains:
“Home price growth continued to gain speed in early spring, as eager buyers tried to get in front of the mortgage rate surge.”
And experts say prices are forecast to continue appreciating, just at a more moderate pace moving forward. A recent article from Fortune says:
“. . . the swift move up in mortgage rates . . . doesn’t mean home prices are about to crash. In fact, every major real estate firm with a publicly released forecast model . . . still predicts home prices will climb further this year.”
What This Means for You
If you’re thinking about selling your house, you should know you have a great opportunity to list your home and capitalize on today’s home price appreciation. As prices rise, so does the value of your home, which gives your equity a big boost.
When you sell, you can use that equity toward the purchase of your next home. And at today’s record-level of appreciation, that equity may be enough to cover some (if not all) of your down payment.
Bottom Line
History shows rising mortgage rates have not had a negative impact on home prices. Now is still a great time to sell your house thanks to ongoing price appreciation. When you’re ready to find out how much equity you have in your current home and what’s happening with home prices in your local area, let’s connect.
Carol Buchanan Promoted to Broker Manager
“Carol is, and always has been, one of the most professional Realtors I have ever met. We have been blessed to have her as part of our Agency now for 3.5 years. During this time she has been nothing but a pleasure to work with. Additionally, from the moment you get to know Carol, her depth of knowledge and work ethic shine. She is going to make a fantastic Broker Manager for many years to come.”
Over 30 years of business experience
Carol brings with her a diversified real estate background. She started in real estate working for a marketing company. That company managed sales and marketing of new construction developments. While there, she earned her Associate Brokers license and became the Manager of several New Home Developments throughout Orange County and Peekskill. Once she went back to being a selling agent, she worked for both small real estate offices and large real estate corporate offices. Her work experience also includes working at the corporate headquarters of Benjamin Moore & Company as the Assistant to the Regional Director and Major Events Coordinator. Each of these positions challenged Carol to develop new skills. And it is these skills that she now brings to her new position with Green Team New York Realty.
New Agent, Michelle Spina Closes her First Sale!
Michelle Spina is a new agent, not only to Green Team Realty but also to real estate as a whole. With only a couple of months behind her in the profession, Michelle closed on her first sale at 319 South Route 94 in Warwick, NY. This is a commercial property that was available for rent.
Michelle attended college at SUNY New Paltz where she earned her bachelor’s degree in Marketing. She spent the last 6 years working as a TV Media Buyer where she serviced a large variety of clients, some of which include movie studios, grocery stores, and kids’ toys. Michelle excels in sales, advertising, and has great communication skills.
For the past couple of years, Michelle had been interested in starting a profession in real estate. With her history in marketing, she knew it would be a great opportunity for her. In March of 2021, she decided it was time to start her real estate career. She obtained her license and began her new career with Green Team New York Realty.
We look forward to seeing what other great opportunities lie ahead for Michelle and how far she will bring her business in the future. Congratulations Michelle!
If you would like to work with Michelle, contact us!
A Castle in the Valley
The Castle
Nestled on 13 beautiful acres, in Pine Bush, NY, near the Minnewaska State Parkland is a gorgeous castle built in the 1940’s. This one-of-a-kind 5 bedroom, 3 bedroom home was built for those looking to be treated like royalty. Overlooking a private, mountain-stream fed pond surrounded by beautiful gardens, sunrise views and a barn this home was recently renovated with updates that allow it to keep all of its character and charm. The stone exterior projects an 11th century vibe complete with a tower built for fairytales. Yet, Rapunzel will no longer be letting down her golden hair, instead you’ll find your zen in this yoga/meditation space.
The King
Who better to purchase a home fit for a king? Carlos Franqui, owner of Floratorium; bringing floral and art together to free flowers from the confines of their vase. Quoting the About section on his website: Carlos Franqui is an advertising creative turned fashion stylist and floral designer based in NYC. He combines his knowledge of media and brand strategy with his innate passion for art and design to innovate unique installation concepts for each of his clients. His work has been featured throughout the world but most recently at Saint Patrick’s Cathedral. He has also worked with popular brands like Versace, Soul Cycle, The Beekman, Lively and more.
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- Castle Retreat
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- The Castle
The Sale
Real Estate Professional Karen Gauvin and Carlos began working together in the Winter of 2021. Carlos was originally in search of a rustic farmhouse that he could utilize as an opportunity to expand his business with a venue enabling him to host private, invitation-only events. Home after home was viewed but zoning regulations or unfit land prevented a purchase. Karen began to explore alternate options and came across the castle. With inches of snow on the ground, they strapped on their snows boots exploring the glorious frozen tundra. As they toured the grounds and climbed the castle stairs, Carlos’s mind began to fill with creative opportunities this new search has delivered. His original thoughts on a rustic farmhouse getaway became entrenched with the creative endeavors of an exclusive castle retreat. Spring in the Hudson Valley showered green on the castle lands and with the blossoms emerging the sights of a secret garden. A perfect destination for a floral artist, this castle could be no better suited for this king.
Our agents expertise and understanding of her clients allowed this entrepreneur to fulfill her client’s wishlist with a home that exceeded his expectations.
Green Teams Small Groups
If you’re looking to improve your real estate career, consider joining a brokerage that puts emphasis on teamwork and peer relationships. Even though that might not be something that initially comes to mind as a helpful resource in real estate. Green Team Realty is showing the positive effects that it has on its agents’ work.
“Small Groups” was created by Green Team Realty to give its sales associates the opportunity to connect and learn more from their peers. Each group consists of 1 group leader and no more than 10 group members. These meetings occur monthly with the exception of August and December. Every group is then given activities and discussion topics that cover everything from sales skills to health and wellness.
Carol Buchanan was the first sales associate to lead one of these groups. She has been a real estate professional for nearly 29 years, a member of Green Team New York Realty for four years, and achieved the Gold Award for $5-10 Million in Sales Volume for 2021. . Her group meets on the second Friday of every month and the members have grown exceptionally close since its start. Carol works with Morgan Beattie, New York’s Agent Service Manager (ASM), to make sure that her group has everything they need for the meetings including printouts and snacks.
Carol, as well as the other group leaders, are experienced professionals and great people for their group members to learn from.
Green Team Realty hires agents of all experience levels and Small Groups is a great asset to new and experienced agents alike. If this sounds like a team you would enjoy being part of, consider reaching out to us to learn more about what Green Team offers its agents.
Work With a Real Estate Professional if You Want the Best Advice
Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation.
An Expert Will Give You the Best Advice Possible
Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is going to end or how the judge or jury will rule. What a good attorney can do, though, is discuss the most effective strategies you can take. They may recommend one or two approaches they believe will work well for your case.
Then, they’ll leave you to make the decision on which option you want to pursue. Once you decide, they can help you put a plan together based on the facts at hand. They’ll use their expert knowledge to work toward the resolution you want and make whatever modifications in the strategy necessary to try and achieve that outcome.
Similarly, the job of a trusted real estate professional is to give you the best advice for your situation. Just like you can’t find a lawyer to give you perfect advice, you won’t find a real estate professional who can either. They can’t because it’s impossible to know exactly what’s going to happen throughout your transaction. They also can’t predict exactly what will happen with conditions in today’s housing market.
But an expert real estate advisor is knowledgeable about market trends and the ins and outs of the homebuying and selling process. With that knowledge, they can anticipate what could happen based on your situation and help you put together a solid plan. And they’ll guide you through the process, helping you make decisions along the way.
That’s the very definition of getting the best – not perfect – advice. And that’s the power of working with an expert real estate advisor.
Bottom Line
If you want trustworthy advice when buying or selling a home, let’s connect so you have an expert real estate advisor on your side.
Lucyann Tinnirello steps down as Broker Manager of GTNYR
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Lucyann Tinnirello may be stepping down as Broker Manager of GTNYR, but that is by no means the end of her Green Team story. In fact, that story began in 1984, when Lucyann started her career with Geoff Green’s father at ERA Joseph Green Real Estate. From there, Lucyann worked at several other agencies, including co-owning her own firm. When she joined Green Team in 2008, she felt as though she had come full circle. In 2018, Lucyann was elected broker manager of [what was formerly known as] Green Team Home Selling System. Now, she is looking forward to working full-time with her clients.
A message from Geoff Green…
“LucyAnn has been an asset to our office as Broker Manager since she stepped into the role in 2018. Her experience in real estate made her the perfect candidate to not only handle the details of management but also to solve problems and help agents succeed. Additionally, Lucyann always exceeded our expectations in terms of caring for everyone in our Agency. Lucyann will always take the shirt off her back to help those around her, and she did just that for many of our Agents through the years. And, now that Lucyann has decided to step down as Broker Manager she will be re-focusing her time and energy on her own real estate sales, remaining as one of our beloved Agents.”
Lucyann’s Words of Wisdom
Lucyann lives by her credo, “It’s nice to be important but it’s more important to be nice.” It’s no surprise, then, that she is much-loved by fellow agents. When Lucyann comes across a quote that inspires her, she embraces and shares it. For instance, Lucyann has another quote, with a story behind it. She considers herself lucky to have attended a motivational workshop by the legendary former Notre Dame Football Coach, Lou Holtz. And, Lucyann took to heart his words: ‘WIN – What’s Important Now!” She’ll tell you the importance of staying in the moment,
Jennifer DiCostanzo
“Kindness and compassion are Lucyann’s trademarks. She supports agents with both personal and professional growth.”
Tiffany Megna
Tiffany Megna shared some of Lucyann’s quotes. For instance, instead of saying goodbye, Lucyann says, “Be safe!” The agents have trust in LucyAnn: if someone came to her with a problem, they knew their conversation would be kept confidential. She would always conclude the discussions with ” It’s your story to tell” letting them know that it would be safe in the Lucyann vault. Tiffany and Lucyann also created their own saying, by shortening “Hello, Lucyann,” to “HiLu!” This is now a regular greeting.
Krissy Many
“When I reflect back on the time she served; I am most appreciative for her making herself available and her undying support of her agents. She always had our backs ( and if needed; told us privately what we did wrong). Lucyann was a defender! She was “Switzerland.” I appreciated her wisdom and sense of humor, and look forward to enjoying her company in the office as she has an abundance of both!! She is thoughtful and often surprised us at our breakfast meetings with tokens of love and kindness. That is just who she is…. Thoughtful, kind, funny, and supportive. I will never hear the phrases “Be Safe” and “It is nice to be important but more important to be nice!” and not think of Lucyann. Thanks to Lucyann her for her support and service. I wish her the very best in the next chapter of her business”.
Nancy Sardo
“Lucyann has a genuine, unconditional love for people. She can be defined by her ability to do her very best to make things go as smoothly as possible in this crazy world of real estate, she will be missed as our Broker Manager. However, I am sure she is going to welcome the extra time with her beautiful family and grandchildren. Be Safe Lou–Love”
Morgan Beattie
“Ever since starting at Green Team, Lucyann has welcomed me with open arms. She is the person you can go to for anything. It can be a real estate question or even life advice, Lu will always be there for you no matter what.”
A celebration to say Thank You, Lucyann!
And what better way to celebrate than Happy Hour at Warwick Thai! A group of Green Team Sales Associates gathered to say thank you on Lucyann’s last day as broker manager. Stepping up to that position is Carol Buchanan, who will be featured in an upcoming post. Lucyann proudly held up a card, which reads: “I’m not old – I’m Vintage!”
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Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]
![Don’t Let Rising Inflation Delay Your Homeownership Plans INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2022/05/18153723/20220520-MEM-1046x2334.png)
Some Highlights
- If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say.
- Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents.
- Experts say owning a home is historically a good hedge against inflation. Let’s connect if you’re ready to start the homebuying process today.
The Largest Green to Green Residential Sale
Congratulations to Jennifer DiCostanzo as the listing agent for 30 Cardinal Lane. This magnificent home sold for $1,490,000, the largest residential Green Team to Green Team listing sale to date. Tiffany Megna represented the buyers.
Jennifer DiCostanzo
Listing and showing high-end luxury homes requires a real estate professional who understands the quintessential details the property offers, aligning to the buyer’s specific criteria. Jennifer has expertise in marketing such homes, as was the case with 30 Cardinal Lane. This magnificent home was built to provide sustainability, privacy, and luxury living, both indoors and out. By customizing marketing approaches for her selling clients, Jennifer understands the uniqueness of each property. She intuitively captures buyers’ interest with strategic strategies emphasizing the lifestyle and story these prestigious homes offer to prospective buyers- case in point 30 Cardinal Lane.
Tiffany Megna
Tiffany Megna works hard, with her goal to be better every year. A former teacher, Tiffany understands the importance of listening and understanding her clients’ needs. She has achieved designations as a Pricing Strategy Advisor, Accredited Buyer Representative, and an At Home with Diversity certification. Furthermore, she has her Seller Representative Specialist and Short Sales and Foreclosure Resource certifications. With each designation, she feels she has more to offer her clients.
A dynamic Team
The real estate market has been booming since the pandemic affected the way we live and our ideas of what a home should be. Jennifer has been working non-stop and for the 6th straight year, is GTNYR Yearly Sales Leader, as well as the Q1 Sales Leader for 2022. Tiffany, also working non-stop, is ranked 2nd in Green Team New York Realty sales for 2021.
Now take a video tour of this magnificent home and property…
For many homebuyers, the beauty of Orange County, NY, and its picturesque villages and towns provide the perfect lifestyle balance with all the recreational amenities they desire. Ultimately, this property showcases some of the best that Orange County has to offer.
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