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Pending Home Sales Tumble in May for Third Straight Month

June 29th, 2017 by Michael Mahoney

 Pending Home Sales Tumble in May for Third Straight Month

 

National Association of Realtors Report on Pending Home Sales

WASHINGTON (June 28, 2017) — The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors®. None of the major regions saw an increase in contract activity last month.

“The lack of listings in the affordable price range are creating lopsided conditions in many areas where investors and repeat buyers with larger down payments are making up a bulk of the sales activity,” said Yun. “Meanwhile, many prospective first-time buyers can’t catch a break. Prices are going up and there’s intense competition for the homes they’re financially able to purchase.”

Existing-home sales are forecast to be around 5.63 million this year, an increase of 3.2 percent from 2016 (5.45 million). The national median existing-home price this year is expected to increase around 5 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.

Massachusetts Association of Realtors Report Dip in Closed Sales

Homes for sale reach lowest level for May since 2004

WALTHAM, Mass. – June 27, 2017 – The Massachusetts Association of Realtors® (MAR) reported today both single-family and condominium saw a slight dip in sales in May from last year. Despite the drop, median home prices for both single-family homes and condominiums hit new all-time highs. Inventory also reached the lowest level for the month of May since MAR began recording the data in 2004.

Pending Home Sales Dip in Massachusetts by Keller Williams Realtor Michael Mahoney

May Closed Sales from The Massachusetts Association of Realtors – click to see large image

 

Massachusetts Real Estate Inventory

Keller Williams Realtor reports on massachusetts real estate inventory

Massachusetts Association of Realtors – Click to see large image

 

Get the Value of Your Home Now

The Greater Boston real estate market could certainly use more inventory. If you are considering a move at all, now would be a time to take a closer look at it. With the demand high, and buyers competing for properties the market is very forgiving when it comes to home repairs and concessions by sellers.

 

David Ortiz Courtesy of The Boston Globe

If I were considering a move,  I would go out on top like David Ortiz rather than waiting for the market to show signs of stalling.  By that, I simply mean that real estate markets are cyclical and that what goes up must come down. If I were in my older years, I would get out in the hot market rather than waiting for it to cool.

Get the value of your home now in 15 seconds

You can reach Michael Mahoney via cell/text at 617-615-9435 or via email mike@mmahoney.com

Open House Sign in Sheets for Keller Williams Realtors

June 22nd, 2017 by Michael Mahoney

Open House Sign in Sheets for Keller Williams Realtors

Open House Sign in Sheets

Foot traffic and face-to-face time with real estate open house visitors is one of the strongest ways to build your brand, build interest in a property, and generate new leads. Many agents don’t put enough emphasis on a critical piece of the process: the open house sign-in sheet.

Whether you want to generate new contacts for your email newsletter or connect with leads who might be in the market, a sign-in sheet is critical to your open house plan.

We’ve outlined how to use sign-in sheets to capture lead data and how to use this data to nurture leads after your open house. Placester has some pretty good open house sign in templates

Here are some sample open house sign in sheets

  1. 4 beds, 3 full baths
    Home size: 3,347 sq ft
    Lot size: 18,692 sqft
    Year built: 2003
    Parking spots: 8
    Days on market: 2
    Walk Score®: 51
    Listed with Lamacchia Realty, Inc.
  2. 4 beds, 2 full, 1 half baths
    Home size: 2,845 sq ft
    Lot size: 32,861 sqft
    Year built: 2016
    Parking spots: 6
    Days on market: 3
    Walk Score®: 3
    Listed with Sankey Real Estate
  3. 4 beds, 2 full, 1 half baths
    Home size: 3,111 sq ft
    Lot size: 41,203 sqft
    Year built: 2005
    Parking spots: 6
    Days on market: 4
    Walk Score®: 7
    Listed with RE/MAX Real Estate Center
  4. 3 beds, 1 full, 1 half baths
    Home size: 1,800 sq ft
    Lot size: 23,745 sqft
    Year built: 1983
    Parking spots: 6
    Days on market: 4
    Walk Score®: 32
    Listed with Ruest Realty
  5. 4 beds, 3 full, 1 half baths
    Home size: 3,638 sq ft
    Lot size: 43,502 sqft
    Year built: 2006
    Parking spots: 8
    Days on market: 4
    Walk Score®: 9
    Listed with CENTURY 21 Ed Pariseau, REALTORS®
  6. 2 beds, 1 full bath
    Home size: 1,070 sq ft
    Lot size: 3,870 sqft
    Year built: 1936
    Parking spots: 5
    Days on market: 5
    Walk Score®: 4
    Listed with The Mello Group, Inc.
  7. 4 beds, 2 full, 1 half baths
    Home size: 2,350 sq ft
    Lot size: 29,314 sqft
    Year built: 2019
    Parking spots: 8
    Days on market: 5
    Walk Score®: 9
    Listed with Keller Williams Elite
  8. 3 beds, 2 full baths
    Home size: 1,984 sq ft
    Lot size: 28,774 sqft
    Year built: 1965
    Parking spots: 7
    Days on market: 7
    Walk Score®: 19
    Listed with By Request Realty
  9. 3 beds, 2 full, 1 half baths
    Home size: 1,548 sq ft
    Lot size: 5,000 sqft
    Year built: 2019
    Parking spots: 3
    Days on market: 8
    Walk Score®: 5
    Listed with Keller Williams Elite
  10. 3 beds, 1 full, 1 half baths
    Home size: 2,220 sq ft
    Lot size: 19,760 sqft
    Year built: 1969
    Parking spots: 4
    Days on market: 9
    Walk Score®: 27
    Listed with Kensington Real Estate Brokerage
  11. 4 beds, 1 full, 1 half baths
    Home size: 1,935 sq ft
    Lot size: 20,600 sqft
    Year built: 1964
    Parking spots: 6
    Days on market: 10
    Walk Score®: 22
    Listed with CENTURY 21 ED Pariseau, REALTORS®
  12. 3 beds, 2 full baths
    Home size: 1,416 sq ft
    Lot size: 10,000 sqft
    Year built: 1940
    Parking spots: 6
    Days on market: 12
    Walk Score®: 38
    Listed with Carolyn A. Burton & Associates
  13. 4 beds, 2 full, 1 half baths
    Home size: 2,360 sq ft
    Lot size: 24,393 sqft
    Year built: 1983
    Parking spots: 8
    Days on market: 12
    Walk Score®: 8
    Listed with Keller Williams Elite
  14. 5 beds, 3 full, 1 half baths
    Home size: 5,000 sq ft
    Lot size: 23,172 sqft
    Year built: 2006
    Parking spots: 11
    Days on market: 12
    Walk Score®: 8
    Listed with Keller Williams Elite
  15. 3 beds, 1 full bath
    Home size: 780 sq ft
    Lot size: 15,700 sqft
    Year built: 1960
    Parking spots: 4
    Days on market: 13
    Walk Score®: 37
    Listed with CENTURY 21 Ed Pariseau, REALTORS®
  16. 4 beds, 2 full, 1 half baths
    Home size: 2,400 sq ft
    Lot size: 15,380 sqft
    Year built: 1989
    Parking spots: 6
    Days on market: 13
    Walk Score®: 3
    Listed with CENTURY 21 Ed Pariseau, REALTORS®
  17. 4 beds, 1 full, 1 half baths
    Home size: 2,094 sq ft
    Lot size: 12,895 sqft
    Year built: 1994
    Parking spots: 7
    Days on market: 17
    Walk Score®: 4
    Listed with Keller Williams Elite
  18. 4 beds, 2 full, 1 half baths
    Home size: 2,206 sq ft
    Lot size: 20,200 sqft
    Year built: 1992
    Parking spots: 4
    Days on market: 18
    Walk Score®: 11
    Listed with Redfin Corp.
  19. 4 beds, 2 full, 1 half baths
    Home size: 2,971 sq ft
    Lot size: 20,256 sqft
    Year built: 1998
    Parking spots: 6
    Days on market: 18
    Walk Score®: 5
    Listed with Homistic Real Estate Inc.
  20. 4 beds, 3 full, 1 half baths
    Home size: 3,942 sq ft
    Lot size: 15,535 sqft
    Year built: 2006
    Parking spots: 6
    Days on market: 19
    Walk Score®: 6
    Listed with Coldwell Banker Residential Brokerage
  21. 4 beds, 2 full, 1 half baths
    Home size: 2,400 sq ft
    Lot size: 9,000 sqft
    Year built: 2000
    Parking spots: 6
    Days on market: 19
    Walk Score®: 45
    Listed with RE/MAX Real Estate Center
  22. 3 beds, 2 full baths
    Home size: 1,926 sq ft
    Lot size: 11,450 sqft
    Year built: 1930
    Parking spots: 6
    Days on market: 20
    Walk Score®: 68
    Listed with Garrity Realty
  23. 3 beds, 2 full, 1 half baths
    Home size: 2,164 sq ft
    Lot size: 25,219 sqft
    Year built: 2018
    Parking spots: 6
    Days on market: 20
    Walk Score®: 0
    Listed with You Name It Realty Services
  24. 3 beds, 2 full, 1 half baths
    Home size: 2,320 sq ft
    Lot size: 1.51 ac
    Year built: 2019
    Parking spots: 6
    Days on market: 20
    Walk Score®: 0
    Listed with You Name It Realty Services
  25. 4 beds, 4 full baths
    Home size: 2,579 sq ft
    Lot size: 2.23 ac
    Year built: 1920
    Parking spots: 12
    Days on market: 23
    Walk Score®: 54
    Listed with Lila Delman Real Estate Ltd.

See all Real estate in the city of North Attleboro.
(all data current as of 6/16/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Does a Real Estate Agent Have to Disclose Their Ownership Interest in a Property They are Selling?

June 12th, 2017 by Michael Mahoney

Does a Real Estate Agent Have to Disclose Their Ownership Interest in a Property They are Selling?

Realtors Need to Disclose if they have ownership in the property

Always disclose

If you are looking for the quick answer, then the answer is an astounding “YES”.

Realtors Must Follow Their Code of Ethics on Disclosure

Real Estate Agents are Realtors. Realtors have a Code of Ethics.   The code of ethics has 17 articles that Realtors must subscribe to.  The Realtor Code of Ethics has three main parts. Each part of the code has a specific area of real estate that it is focused on. Here are the three areas that the code is focused on:

  • Duties to Clients and Customers
  • Duties to the Public
  • Duties to REALTORS®

REALTORS® is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE®s.

While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law conflict, the obligations of the law must take precedence.

Preamble of the Realtor Code of Ethics

Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which REALTORS® should dedicate themselves, and for which they should be diligent in preparing themselves. REALTORS®, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow REALTORS® a common responsibility for its integrity and honor.

Can a Real Estate Agent Sell a Property They Own in Massachusetts?

The answers is that they can sell a property that they have an ownership interest in.  However, there must be a disclosure in writing.

The answer is very clear in article 4 of The Realtor Code of Ethics.

Article 4 (Case Interpretations for Article 4)

REALTORS® shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families, their firms or any member thereof, or any entities in which they have any ownership interest, any real property without making their true position known to the owner or the owner’s agent or broker. In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative. (Amended 1/00) [listen]

Standard of Practice 4-1
For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by REALTORS® prior to the signing of any contract. (Adopted 2/86)

Video on Disclosing Ownership in A Property

Good Practice for Disclosures

Most lawsuits in real estate transactions, are the result of buyers feeling that someone held back information that would have aided in their decision making.  People get angry when someone did not tell everything they knew about the house. If you are not careful as a real estate agent or a seller, you could end up in land court.

It’s always best to error on the side of full disclosure.

Antonio and Alexia Cardena are Realtors in San Leandro, California. They wrote a well done article about real estate disclosures.

 

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Michael can be reached via email at mike@mmahoney.com or by phone at 617-615-9435. Michael has been a Greater Boston Realtor for 15 plus years in Massachusetts. I provide real estate services in the following counties: Norfolk, Suffolk and Northern Bristol County.

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Pending Home Sales Scale Back 1.3 Percent in April

May 31st, 2017 by Michael Mahoney

National Association of Realtors Pending Home Sales Index

WASHINGTON (May 31, 2017) — Pending home sales in April slumped for the second consecutive month and were down year-over-year nationally and in all four major regions, according to the National Association of Realtors®. Only the West saw an increase in contract signings last month. See what the National Association of Realtors released today.

Here is what Chief National Association Economist Lawrence Yun had to say:

Lawrence Yun, NAR chief economist, says contract activity is fading this spring because significantly weak supply levels are spurring deteriorating affordability conditions. “Much of the country for the second straight month saw a pullback in pending sales as the rate of new listings continues to lag the quicker pace of homes coming off the market,” he said. “Realtors® are indicating that foot traffic is higher than a year ago1, but it’s obviously not translating to more sales.”

Added Yun, “Prospective buyers are feeling the double whammy this spring of inventory that’s down 9.0 percent from a year ago2 and price appreciation that’s much faster than any rise they’ve likely seen in their income.”

Unfortunately, Yun believes there is little evidence these astoundingly low supply levels are going away soon. Home building activity has not picked up enough this year and too few homeowners are listing their home for sale.

It’s my opinion that if you are close to your horizon for current property, then you should consider selling it now…You could walk away with an unbelievable that may not become available for awhile should there be a downturn in the economy in the next few years. Remember what goes up, must come down.  Want to find out how much money is tied up in your property? Check out www.YourEquityFinder.com

The next Existing-Home Sales report for May will be reported June 21, and the next Pending Home Sales Index will be June 28; all release times are 10:00 a.m. ET.

Will an Empty Pool Affect the Value of a Property?

May 30th, 2017 by Michael Mahoney

Will an Empty Pool Affect the Value of a Property?

Will an empty pool affect the real estate value of a home

Agents in the Office Asked If an Empty Pool will Affect a Home’s Value

does an empty pool when buying a home

Recently in our office a question was raised about the value of a property when trying to sell it with an empty pool.

It’s my opinion that anytime something at a piece of real estate is not shown in it’s best light that it will affect the value.

If you have a buyer and you tell them that the pool worked great in 2012 that’s fine and you can make the claim. However, it’s my opinion that the buyer’s mind will wander and then they will go to the Internet and look for information about the “empty pool” that has been sitting for a number of years.  Then they will find articles about the maintenance and repair of the pool. Once they find those articles it will be the “kiss of death”.

They will always assume the worst case scenario since that it is what buyers do.

One such article was written by Melissa Tracey on August 30, 2010
45 for Realtor.org.   This article details the expense of keeping up a pool.

Are pools worth the expense?

Pools - are they worth it? This was written by Melissa Tracey on August 30, 2010 45 for Realtor.org

Here is what Melissa had to say about pools in her article:

On a hot summer day, who isn’t envious of the house with the inviting, backyard pool to jump in and cool off? But today’s cost conscious home buyer may be leery of taking the plunge with buying a home with a pool, viewing the upkeep as putting them in the deep-end of mounds of extra expense.

In-ground pools can be attractive features when selling a home; Realtor.com allows buyers to narrow their home search to properties with only a pool. However, some buyers are looking more closely at the added expense, just as some home owners are even opting to remove that once-considered jewel of the backyard.

You can see Melissa’s full article on pools here

People Who Want Pools Want Pools and the Water that Comes with Them Too…

I think many people who are looking for a property with a pool are definitely looking at the property for that reason. I was a person who was looking for a pool at my next property. I think had the pool been shown empty, I would have hedged my offer for sure. Pools are expensive to build and it’s easier to find a property with an existing pool. Today I am responding to your question about the value of the home and if the empty pool will be affected. I can assuredly tell you that it will have an impact for sure.

People who purchase homes with pools do so for quality of life reasons. Here is what The Association of Pool & Spa Professionals had to say:

 

The Association of Pool & Spa Professionals, a trade association representing the industry, recently posted a response to The Wall Street Journal’s article questioning the expense of a pool: “There are many, many things – including pools – which people choose to buy because it makes their lives better,” the association writes on its Web site. “A pool or a hot tub may or may not be a financial investment, but they are most assuredly a quality-of-life investment.”

From my home office, this is what quality of life looks like with a pool.  Here is a pic from the home office today.

Pools are part of a home purchasers decision for luxury

 

Will the Buyer Get Financing Without The Pool Water?

My friend Randy Hooker an agent out in Gilbert, Arizona was involved as a buyer’s agent in a real estate transaction where there was no water in the pool. Just when he thought they would be close to getting to the closing table the bank said, “hey wait a minute”.

Here is some of the letter Randy Hooker shared on his blog post about the empty pool and financing.

“The purpose of this letter is to address the empty pool at [referenced] property. The buyers have applied and been approved for an FHA loan in order to purchase the property. The credit approval part of this process has been finalized and is complete.

To obtain full and final approval and successfully close this transaction we need to obtain property approval. Upon reviewing the appraisal it came to our attention that the pool is currently empty. According to FHA guidelines, the pool must contain enough water to allow the pool’s pump to successfully circulate the water. The pool’s current state will not allow us to move forward on this transaction at this point.

In order to approve the property, the pool must be filled with water to meet the above mentioned criteria for a period of time long enough for the appraiser to re-inspect the pool. This is for 2 reasons. The first is to ensure that the pools systems are functioning. The second is that to ensure that the pool can hold water to avoid any safety issues.”

 

Can you get Insurance on a House with an Empty Pool?

I called a colleague of mine who I often use for insurance questions and to get homeowners insurance for clients. Here is what Jeff Lydon of Lydon and Murphy Insurance had to say:

A empty pool is an insurance problem. Most home insurance carriers will not cover a home with an empty pool. If it’s a situation that the pool is just simply not being used by the current homeowner and it has a security cover, some carriers maybe willing to give the new owners a small window of time to get it operational.

If the pool is empty due maintenance issues and has fallen into disrepair, then finding coverage could be difficult and coverage maybe only possible thru an excess lines carrier. If there is a mortgage company involved, they may not accept coverage from an excess lines carrier.

If you need homeowners insurance or were recently denied coverage,  I would call Jeff Lydon of Lydon and Murphy. Jeff has a special knack for being able to navigate the difficult road to becoming insured.  As Jeff likes to say “don’t just renew, review”.

search for homes with pools

 

National Association of Realtors – Existing Home Sales Slip 2.3%

May 30th, 2017 by Michael Mahoney

Home Sales Fall According to NAR

National Association of Realtors – Existing Home Sales Slip 2.3%

WASHINGTON (May 24, 2017) — Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors®.

“Realtors® continue to voice the frustration their clients are experiencing because of the insufficient number of homes for sale,” added Yun. “Homes in the lower- and mid-market price range are hard to find in most markets, and when one is listed for sale, interest is immediate and multiple offers are nudging the eventual sales prices higher.” See the available inventory here in Norfolk and Suffolk County

In Boston, the shortage of homes has had an impact as well. As you will see the chart below, the inventory is down but also that absorption rate is up which leads to less available inventory for consumers looking to purchase. If you are considering a move, now would be a great time. Get the value of your home now.

 

Regional Breakdown of the Northeast

April existing-home sales in the Northeast dipped 2.7 percent to an annual rate of 730,000, and are now 2.7 percent below a year ago. The median price in the Northeast was $267,700, which is 1.6 percent above April 2016.
Properties typically stayed on the market for 29 days in April, which is down from 34 days in March and 39 days a year ago, and surpasses last May (32 days) as the shortest time frame since NAR began tracking in May 2011. Short sales were on the market the longest at a median of 88 days in April, while foreclosures sold in 46 days and non-distressed homes took 28 days. Fifty-two percent of homes sold in April were on the market for less than a month (a new high). Read the whole article from The National Association of Realtors here.

Video by The National Association of Realtors

NOTE: NAR’s Pending Home Sales Index for April is scheduled for release on May 31, and Existing-Home Sales for May will be released June 21; release times are 10:00 a.m. ET. You can access these reports when released at www.Realtor.org

Search for Your Home Now

How to do a Date of Death Market Valuation for a Probate Matter

May 25th, 2017 by Michael Mahoney

How to do a Date of Death Market Valuation for a Probate Real Estate Matter

By Michael Mahoney
Greater Boston Realtor
Keller Williams Realtor

Probate Realtor Michael Mahoney of Keller Williams Realty

Date of Death CMA

Often times I will get a call from a family who had a love one who passed and now they need to have a market evaluation provided.   For settling the probate matter, sometimes the estate will require you to figure out what the property was worth many many years ago.  It’s not so easy

There was recently a question posed in our Keller Williams office by one of our Realtors who was working on a probate matter for a  client here in the Boston area.

 

Here was the question:

Anyone know the best way to calculate what a house would have been worth in 1991? Doesn’t need to be exact just approximate…

There were a couple of newer agents who suggested that you should “comp it with sold homes in that time frame in MLS” and yes that it the obvious answer however easier said than done.

There are a few Realtors like myself who remember when there really was not a lot of computer records. Having been a Realtor in Greater Boston since 2001, I can tell you that the evolution of technology has been amazing. When I started with Coldwell Banker in Milton, Massachusetts there was one computer in the office and it was at the “uptime desk” and the display of the software was like one of those old inventory terminals you would find at the likes of auto parts supply stores.

Now, The New Kids on the Block agents don’t know what’s it like to use a computer since they do everything on their phones nowadays.

I am not kidding, there was a time when there were no computers for real estate searches.   Here is what another agent in the office had to say:

“I started in 1999, and mls was just introduced. It took a while for it to stick. We had binder “look books” for buyers to choose homes to see! We would do a broadcast fax to all the local agencies with a sheet of specs for listings we took over the weekend. Then they were broken out by town and price. Boy, am I aging myself by putting this knowledge of mine out there!

It’s not as easy as you firing up your Iphone…often times you have to go to the tax records…here is one way to get started preparing a market evaluation or a CMA for a probate real estate sale in Greater Boston….Hope this helps.  In the video I demonstrate how I did it for a family who was handling their probate real estate matter in Quincy  –

If you need the value of a probate property in boston – get the value here

Video on Date of Death CMA for a Probate Estate Settlement

How About The Tech Trifecta….Complete with a Rocket Ride Courtesy of Zillow

May 23rd, 2017 by Michael Mahoney

How About The Tech Trifecta….Complete with a Rocket Ride Courtesy of Zillow

This could be the perfect storm…

Zillows buys Redfin….then hooks up with Quicken Loans to Offer Free “rocket mortgage” rides to your new home…This could be coming to a theater near you!

Have You Heard About Zillows Instant Offers

I am sure you have all heard about Zillows new move to take an “instant offer”….If you are an agent…see the video below…

If you are a broker…you might want to think about not syndicating your listings to sites like Zillow, Redfin and Realtor.com – Face the music folks you have all been conned. Otherwise the fees and marketing levied on agents may be too much for them to stay in your brokerage house…

Zillow launches ‘Instant Offers’ pilot program for homesellers
With or without an agent, homeowners can entertain instant offers and sell quickly

How About The Tech Trifecta….Complete with a Rocket Ride

Here is perspective on this development

Zillow Buys Redfin? Quite Possible in My Eyes

How about this one…Zillow buys Redfin next and now they have a cheap workforce and the technology…Nice…I want in on the IPO…They then buy the Rocket Mortgage and offer free rocket rides to homes bought and sold on their platform…

The Reptile is Now Godzilla and You Built it

Here is a good take on Zillow from a real estate industry professional friend of mine.

“Years ago Gary Keller created a system called KWLS (Keller Williams Listing System) because he recognized the need to fight back and protect KW agents’ leads from Zillow. He saw what Zillow was trying to do WELL before everyone else did which was to create a consumer friendly technology whereby THE AGENTS’ very own leads were funneled through Zillow. Zillow then begins charging agents for leads that came from the marketing done by the listing agents themselves. The more power put in the hands of Zillow, agents then start buying leads from Zillow in the form of “Premier Agent” and other programs. As this becomes more successful for Zillow (in great part due to the funding by the real estate agents) Zillow decides to increase the cost to the agent, encouraging and enticing agents to buy back their own (the agents) leads. Yesterday Zillow rolled out a new program to the consumer called “Instant Offers”, whereby sellers can go directly to Zillow to accept an offer from an investor, cutting out the real estate agent.”
“In summary, the very money agents pay Zillow to buy back the AGENTS leads is helping to fund Zillows cause to cut out the real estate agent in transactions, even though Zillow continued to promote that they are NOT looking to be in the transaction business. Zillow stepped in as the middle man and they’ve done a better job lead generating than most real estate agents, giving them the power. Bottom line, real estate agents are funding the very company trying to put them out of business. They started as a little reptile and through the “feeding” of agents’ money, the agent population is helping to create Godzilla, allowing them to get bigger and bigger until one day they won’t be able to be stopped. Ironically, agents are helping to create their own demise by “feeding” this monster, with the AGENTS’ money.”

Built off your backs….keep uploading listings…keep shooting walk-throughs…keep paying…It’s like the corporate executives who send the knowledge worker jobs overseas and hire a project manager to direct the flow of information and bits over the internet…great for the company bottom line in the short term…but when they hit 60 and their kid with a double masters degree from NYU is living in their basement because they have loan debt up to the cranium and cannot get a job I will say “told you so”

My friend said Zillow was a reptile and nows it’s Godzilla….how true…and Premier Agents Paved the Way….Conned again friends…You have not figured it out yet…I mean Rupert Murdoch owns Realtor.com – we really are stupid folks

They already own Dotloop…they are about 3 programmers away from getting rid of you…I have been clamoring about this for a while now…now you see it?

If you want to learn how to lead generate and get off the zopioid addiction, then you should check out Keller Williams as a company

Michael Mahoney

Open House Sign in Sheets for Keller Williams Realtors

May 22nd, 2017 by Michael Mahoney

Open House Sign in Sheets for Keller Williams Realtors

 

I would simply recommend using your KW Mobile App on Your Phone

For the Paper Based Agents – Here are Some Open House Sign in Sheets

Open House Sign in Sheets for Placester

Open House Sign in Sheets from Breakthrough Broker

Here are some videos on Best Practices for Open Houses

 

  1. 4 beds, 3 full baths
    Home size: 3,347 sq ft
    Lot size: 18,692 sqft
    Listed with Lamacchia Realty, Inc.
  2. 4 beds, 2 full, 1 half baths
    Home size: 2,845 sq ft
    Lot size: 32,861 sqft
    Listed with Sankey Real Estate
  3. 4 beds, 2 full, 1 half baths
    Home size: 3,111 sq ft
    Lot size: 41,203 sqft
    Listed with RE/MAX Real Estate Center
  4. 4 beds, 3 full, 1 half baths
    Home size: 3,638 sq ft
    Lot size: 43,502 sqft
    Listed with CENTURY 21 Ed Pariseau, REALTORS®
  5. 4 beds, 2 full, 1 half baths
    Home size: 2,350 sq ft
    Lot size: 29,314 sqft
    Listed with Keller Williams Elite

See all Real estate in the city of North Attleboro.
(all data current as of 6/16/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

CFPB Looking at Zillow More and More

May 20th, 2017 by Michael Mahoney

CFPB Looking at Zillow More and More

Michael Mahoney, a Greater Boston Realtor with Keller Williams has been actively following the CFPB investigation of Zillow

Here is the synopsis of the investigation on Zillow

The CFPB is investigating Zillow’s “co-marketing” plan, which allows a real estate agent to share the cost of an ad on its website with a preferred lender. It can make those lenders or agents appear as they are receiving approval from each other or from Zillow, MarketWatch reports.

Manageable Mondays Realtor CEU by Greater Boston Real Estate Board

May 18th, 2017 by Michael Mahoney

Manageable Mondays Realtor CEU by Greater Boston Real Estate Board

Greater Boston Real Estate Board CEU Classes for Realtors

Greater Boston Real Estate Board CEU Classes for Realtors

The Big Z May Get Their Comeuppance – CFPB Having a Look at Zillow’s Under Armor

May 12th, 2017 by Michael Mahoney

CFPB investigates Zillow’s co-marketing program: What agents should know.

Today’s Inman Select Post
Zillow and CPFB

 

Looks Like The CFPB Wants to Look Under the Hood

    • The Consumer Financial Protection Bureau may decide to take legal action against Zillow Group for alleged violations of consumer protection laws.
    • Agents not paying their ‘fair share’ of advertising spend could be at risk of legal liability.The CFPB declined to comment on its investigation of Zillow Group.“More generally, the CFPB enforces RESPA and has been consistent in reminding the industry that any agreement that entails exchanging a thing of value for referrals of settlement service business likely violates federal law,” said CFPB spokesman Samuel Gilford in an emailed statement.

CPFB is in the hunt….they zeroed in on Prospect Mortgage this Year

As a KW agent, you get a free subscription to Inman Select…

 

KW Agents See the Inman Post Here – Want access to the full article…drop me a line.

At KW we teach how to build a business without being beholden to third parties and interlopers who charge huge fees for business that should be rightfully yours….

It’s your business learn how to own it.

Interested in knowing more about KW? Would you be interested in becoming a KW Agent? Let’s chat

Keller Williams Realty is Hiring

Here is Something Good to Know About Zillow

They only seem to get their Zestimate within 5% of the sales price 50% of the time in Boston.

See more at Zillow Only Close but No Cigar

Zillow Only Close but No Cigar

May 9th, 2017 by Michael Mahoney

Zillow only comes within 5% of Sales Price 50% of the time

Look at the image to left by double clicking it. See more @ https://www.zillow.com/zestimate/

Final Walk Through Checklist

May 6th, 2017 by Michael Mahoney

Final Walk Through Checklist

Realtor Michael Mahoney would like to share a final walk through checklist with you.

final walk through checklist
Download the Checklist for a Final Walk Through Here

 

  1. 4 beds, 3 full baths
    Home size: 3,347 sq ft
    Lot size: 18,692 sqft
    Listed with Lamacchia Realty, Inc.
  2. 4 beds, 2 full, 1 half baths
    Home size: 2,845 sq ft
    Lot size: 32,861 sqft
    Listed with Sankey Real Estate
  3. 4 beds, 2 full, 1 half baths
    Home size: 3,111 sq ft
    Lot size: 41,203 sqft
    Listed with RE/MAX Real Estate Center
  4. 4 beds, 2 full, 1 half baths
    Home size: 2,350 sq ft
    Lot size: 29,314 sqft
    Listed with Keller Williams Elite
  5. 3 beds, 2 full baths
    Home size: 1,984 sq ft
    Lot size: 28,774 sqft
    Listed with By Request Realty

See all Real estate in the 02760 zip code.
(all data current as of 6/16/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Free Webinar on Monday about Doing A Comparative Market Analysis RE62RC10

May 6th, 2017 by Michael Mahoney

Free Webinar on Monday about Doing A Comparative Market Analysis RE62RC10 – 2 Credits

Sign up here

 

Greater Boston Real Estate Board

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

Sunday morning pick-up

GAMBETA FOOTBALL CLUB

2 hours of liquid football. Only RSVP if you plan to attend! Members who RSVP yes and do not show will be removed from the group.

Creative Drawing & Painting

Creative Drawing & Painting

Drawing & Painting is happening every Sunday, 1-3, at The Corner Art Room in Brighton, and you should really come this time! Sleep in, get up, and do something that makes you truly happy:)All material included, sliding scale contribution...

Austerlitz by W. G. Sebald

Reading books by international writers

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Shamanic Journey and Astral Travel

Shamanic Training and Astral Travel

We are located on 10 wait st. You can take the Green-line to Brigham Circle T stop.Bring an item of power that calls to you to put on the altar for the duration of the ceremony. The techniques and methods employed are derived from the Ancient...