Barbara Tesa Reached The Cap!

Barbara Tesa Reached The Cap!

Congratulations From Geoffrey Green, President Of Better Homes and Gardens Realty Green Team, to Barbara Tesa for reaching the commission cap for Company Dollar Contribution in 2022!

 

 

“I am very happy for Barabara as she once again reaches the cap.  If you know Barbara you would agree that she is a true professional.  She takes her work in this industry very seriously.  She is responsive, intelligent, and fun to be around.  That is why she continues to excel as one of BHGRE Green Team’s top producers.  Congrats Barabara, keep up the good work!”

 

Barbara Tesa‘s dedication to her clients and hard work has allowed her to reach the cap on her commission with Better Homes and Gardens Realty Green Team. This is an outstanding accomplishment and means Barbara will now receive a 100% commission split on any deal she closes during 2022.

Barbara Tesa’s thoughts on hitting CAP:

 

 

“The sales I’ve completed this year, whether for buyers or sellers, always came down to making the client feel THEY were the priority.  No matter how the market is performing, the best I try to give all my clients is my attention to their real estate needs/goals…because if I don’t do that, I know someone else will.   And that’s why my motto is:  Your Property, My Priority!”

 

Better Homes and Gardens Realty Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there.  Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.

Click here to learn more about Better Homes and Gardens Realty Green Team and why you should join our team.

Congratulations, Barbara Tesa!

Agent Spotlight on Tammy Scotto

Agent Spotlight on Tammy Scotto

“It will all work out in the end”

Tammy Scotto is a big believer that even when there are some bumps in the road throughout a transaction, it will all work out in the end. 

Having many players at the table throughout a deal can sometimes be challenging but staying on top of everything can definitely contribute to a smoother transaction.

What separates Tammy from other realtors is her communication and responsiveness to clients. She is big on communication; whether there is information to be relayed or a period of time while under contract she always keeps the line of communication open.

23 Years and Still going strong!

Tammy obtained two licenses in 1999; her real estate license and her marriage license. She is happy to report that both are still thriving. Tammy initially became a real estate agent as she had always had a passion for sales and working with people. With her marriage and the thought of children on the horizon, she knew this career enabled her to be a stay-at-home mom while working part-time. As her children grew, so did her business moving into full-time real estate.

Now with two children off to college, she has ample time to dedicate to her clients. Tammy works long days and always tries to be available for calls, from early morning right through after dinner time. Regardless of whether a client is buying or selling, it’s stressful; Tammy feels that having the ability to connect with her clients and answer questions or concerns as they arise is “priceless” and helps ease their worries.

A memorable deal.

When Tammy was asked about her most memorable real estate transaction this is what she told us:

“I recently worked with a single woman moving to Warwick from another area. We met during the summer of 2020, in the midst of covid, with a home price range of $350-450K. When we finally found a home, we had inspections done and it turned out there were structural concerns that made her uncomfortable with moving forward. My client then saw a house for 700K and asked me to show it to her. She wound up closing on that home and said to me ” See what happens when you double your budget?””

-Tammy Scotto

Pride in her work.

Tammy is proud to be able to say that each year her sales volume grows. She loves to set goals for herself every year and while she might not hit every goal, each one helps her improve her business. Tammy has her CIREC (Commercial & Investment Real Estate Certification) and while she may not have one specific specialty she does work a lot with first-time home buyers as well as many sellers. Tammy has lived in Orange County her entire life and has a vast knowledge of the Greenwood Lake and Warwick areas as well as the surrounding towns. Working with an agent who knows the area as well as Tammy does comes as a huge advantage.

While Tammy has been in the business for over 23 years she attributes the success of her current business to all the training and support given by Geoff Green. Now that we are affiliated with Better Homes & Gardens she is excited to grow her business even further.

New Agent Barbara Matchett Exceeds $2 Million In Sales

New Agent Barbara Matchett Exceeds $2 Million In Sales

When Barbara Matchett joined Better Home and Gardens Real Estate Green Team in March of 2021 it would prove to be a great career move. Barbara has excelled, reaching over $2 million in sales volume in just over a year of having her real estate license. Hitting this spectacular milestone shows her hard work and determination have paid off. However, she is nowhere near done and continues accomplishing new things daily.

About Barbara

Barbara was a city girl before moving to Vernon NJ where she raised her family. She has an incredible passion for fitness and attended Berkeley College, majoring in business. For 26 years, Barbara has been a personal trainer/instructor; for 12 years, she worked in fitness management. Barbara loves to keep active even in her leisure time and does various activities such as strength training, running, hiking, cycling,  and cross-country skiing. She enjoys spending time with her fiancé Gregory and her children, Sean, Megan, Michaela, and EJ.

A New Begining

Barbara purchased her 4th home in Crystal Springs in 2019 and her passion for real estate grew with every transaction. She decided to take a chance and pursue this new career.  Barbara met Green Team’s Kristi Anderson in one of her fitness classes, and Kristi would soon become Barbara’s mentor to help direct her in her journey to success. 

Barbara is a very hard worker and has caught on quickly.  She has already had some difficult deals and still made it work. She is already a great realtor.

-Kristi Anderson

Putting The Needs of Her Clients First

“Barbara was absolutely amazing. She stood by our side every step of the way as we sold our house. Even when things didn’t go our way which was out of our control she immediately had another solution which ended up working out better for us in the end and we closed on our house about a month later. Barbara is extremely organized and very persistent.  Because of her, we were able to sell our home without all the stress that comes along with it. She will always put the needs of her clients first.”      

  • Jennifer Contrada

Barbara is known to project a positive attitude in everything she does and enjoys working with people. She shows this strength to every client she meets and stays committed to them every step of the way to help achieve their real estate dreams.

Housing Experts Say This Isn’t a Bubble

Housing Experts Say This Isn’t a Bubble

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information.

Here’s why economists and industry experts say the housing market is not a bubble ready to pop.

Housing Experts Say This Isn’t a Bubble | MyKCM

Today Is Nothing Like 2008

The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says:

“This is not the same market of 2008. . . . It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.”

Natalie Campisi, Advisor Staff for Forbesexplains how today’s lending standards are different than those during the lead-up to the housing market crash:

“Among the differences between today’s housing market and that of the 2008 housing crash is that lending standards are tighter due to lessons learned and new regulations enacted after the last crisis. Essentially, that means those approved for a mortgage nowadays are less likely to default than those who were approved in the pre-crisis lending period.”

Another reason today’s housing market is nothing like 2008 is that the number of people looking to buy a home still outweighs the supply of homes for sale. As realtor.com notes:

. . . experts don’t believe the market is in a bubble or a crash is in the cards, like during the Great Recession. The nation is still suffering from a housing shortage that has reached crisis proportions at a time when many millennials are reaching the age when they start to consider homeownership. That’s likely to keep prices high.”

Bottom Line

Experts say the housing market isn’t a bubble, and we’re not heading for a crash. Let’s connect so you can have a full picture of today’s housing market in our local area.

Expert Housing Market Forecasts for the Second Half of the Year

Expert Housing Market Forecasts for the Second Half of the Year

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate.

Where Mortgage Rates Will Go Depends on Inflation

While one of the big questions on all buyers’ minds is where will mortgage rates go in the months ahead, no one has a crystal ball to know exactly what’ll happen in the future. What housing market experts know for sure is that the record-low mortgage rates during the pandemic were an outlier, not the norm.

This year, rates have climbed over 2% due to the Federal Reserve’s response to rising inflation. If inflation continues to rise, it’s likely that mortgage rates will respond. Greg McBride, Chief Financial Analyst at Bankrateexplains it well:

“Until inflation peaks, mortgage rates won’t either. Without improvement on the inflation front, we don’t know where the interest rate ceiling will be.”

Whether you’re buying your first home or selling your current house to make a move, today’s mortgage rate is an important factor to consider. When rates rise, they impact affordability and your purchasing power. That’s why it’s crucial to work with a team of professionals, so you have expert advice to help you make an informed decision about your best move.

Expert Housing Market Forecasts for the Second Half of the Year | MyKCM

The Supply of Homes for Sale Projected To Continue Increasing

This year, particularly this spring, the number of homes for sale has grown. That’s partly due to more homeowners listing their houses, but also because higher mortgage rates have helped ease the intensity of buyer demand. Moderating buyer demand slows down the pace of home sales, which in turn helps inventory rise.

Experts say that growth will continue. Recently, realtor.com updated their 2022 inventory forecast. In the latest release, they increased their projections for inventory gains dramatically, going from a 0.3% increase at the beginning of the year to a 15.0% jump by the end of 2022 (see graph below):

Expert Housing Market Forecasts for the Second Half of the Year | MyKCM

More homes to choose from is great news if you’re craving more options for your home search – just know that there isn’t a sudden surplus of inventory on the horizon. Housing supply is still low, so you’ll need to partner with an agent to stay on top of what’s available in your market and move fast when you find the one. It’s not going to be easy to find a home, but it certainly won’t be as difficult as it has been over the past two years.

Home Price Forecasts Call for Ongoing Appreciation

Due to the imbalance between the number of homes for sale and the number of buyers looking to make a purchase, the pandemic led to record-breaking increases in home prices. According to CoreLogic, homes appreciated by 15% in 2021, and they’ve continued to rise this year.

Even though housing supply is increasing today, there are still more buyers than there are homes for sale, and that’s maintaining the upward pressure on home prices. That’s why experts are not calling for prices to decline, rather they’re forecasting they’ll continue to climb, just at a more moderate pace this year. On average, homes are projected to appreciate by about 8.5% in 2022 (see graph below):

Expert Housing Market Forecasts for the Second Half of the Year | MyKCM

Selma Hepp, Deputy Chief Economist at CoreLogic, explains why the housing market will see deceleration, but not depreciation, in prices:

“The current home price growth rate is unsustainable, and higher mortgage rates coupled with more inventory will lead to slower home price growth but unlikely declines in home prices.

For current homeowners looking to sell, know your home’s value isn’t projected to fall, but waiting to make your purchase does mean your next home could cost more as home prices continue to appreciate. That’s why, if you’re thinking about buying your first home or you’re ready to make a move, it may make sense to do so now before prices climb higher. But rest assured, once you buy a home, that price appreciation will help grow the value of your investment.

Bottom Line

Whether you’re a homebuyer or seller, you need to know what’s happening in the housing market, so you can make the most informed decision possible. Let’s connect to discuss your goals and what lies ahead, so you can determine the best plan for your move.

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