Buying a home • June 1, 2022

Why Summer Is a Great Time To Buy a Vacation Home

by Nicole McCormick

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year. Here are a few reasons a vacation home could be right for you.

Why You May Want To Consider a Vacation Home Today

Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed trips for personal or health reasons. If either is true for you, there could be a unique opportunity to use the flexibility that comes with remote work or the money saved while not traveling to invest in your future by buying a vacation home.

Bankrate explains why a second home, or a vacation home, may be something worth considering:

“For those who are able, buying a second home is suddenly more appealing, as remote working became the norm for many professionals during the pandemic. Why not work from the place where you like to vacation — the place where you want to live?

If you don’t work remotely, a vacation home could still be at the top of your wish list if you have a favorite getaway spot that you visit often. It beats staying in a tiny hotel room or worrying about rental rates each time you want to take a trip.”

How a Professional Can Help You Find the Right One

So, if you’re looking for an oasis, you may be able to make it a second home rather than just the destination for a trip. If you could see yourself soaking up the sun in a vacation home, you may want to start your search. Summer is a popular time to buy vacation homes. By beginning the process now, you could get ahead of the competition.

The first step is working with a local real estate advisor who can help you find a home in your desired location. A professional has the knowledge and resources to help you understand the market, what homes are available and at what price points, and more. They can also walk you through all the perks of owning a second home and how it can benefit you.

A recent article from the National Association of Realtors (NAR), mentions some of the top reasons buyers today are looking into purchasing a second, or a vacation, home:

“According to Google’s data, the top reasons that homeowners cited for purchasing a second home were to diversify their investments, earn money renting, and use as a vacation home.”

If any of the reasons covered here resonate with you, connect with a real estate professional to learn more. They can give you expert advice based on what you need, your goals, and what you’re hoping to get out of your second home.

Bottom Line

Owning a vacation home is an investment in your future and your lifestyle. If this is one of your goals this year, you still have time to buy and enjoy spending the summer in your vacation home. When you’re ready to get started, let’s connect.

How Buying or Selling a Home Benefits the Economy and Your Community

by Nicole McCormick

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.

Housing Market News • Selling a Home • May 29, 2022

Sellers Have an Opportunity with Today’s Home Prices

by Nicole McCormick

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.”

Sellers Have an Opportunity with Today's Home Prices | MyKCM

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.

Agency News and Awards • May 29, 2022

Carol Buchanan Promoted to Broker Manager

by Nicole McCormick

Green Team New York Realty has announced that Carol Buchanan has been promoted to Broker Manager. According to Geoff Green,

“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.

Carol is excited to begin her role as Broker Manager for the New York office. Her goal is to not only meet expectations but to exceed them!

Agency News and Awards • May 26, 2022

New Agent, Michelle Spina Closes her First Sale!

by Nicole McCormick

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!

Agency News and Awards • May 26, 2022

A Castle in the Valley

by Nicole McCormick

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.

: Castle Retreat

: 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.

If you’re in search of your very own castle, contact Green Team Realty.

Agency News and Awards • Agent Tips • May 26, 2022

Green Teams Small Groups

by Nicole McCormick

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.

Buying a home • Selling a Home • May 23, 2022

Work With a Real Estate Professional if You Want the Best Advice

by Nicole McCormick

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.

Agency News and Awards • May 23, 2022

Lucyann Tinnirello steps down as Broker Manager of GTNYR

by Nicole McCormick

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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!”

https://youtu.be/bt9yradu3IQ

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Buying a home • Housing Market News • May 20, 2022

Don’t Let Rising Inflation Delay Your Homeownership Plans [INFOGRAPHIC]

by Nicole McCormick

Don’t Let Rising Inflation Delay Your Homeownership Plans INFOGRAPHIC] | MyKCM

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.

Why You May Want To Consider a Vacation Home Today

How a Professional Can Help You Find the Right One

Bottom Line

Bottom Line

What This Means for You

Bottom Line

Over 30 years of business experience

The Castle

The King

The Sale

An Expert Will Give You the Best Advice Possible

Bottom Line

A message from Geoff Green…

Lucyann’s Words of Wisdom

Jennifer DiCostanzo

Tiffany Megna

Krissy Many

Nancy Sardo

Morgan Beattie

A celebration to say Thank You, Lucyann!

Some Highlights

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Goshen, NY Real Estate

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