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Raising the boat for all Broker-Talk with Kate Lanagan MacGregor

Kate Lanagan MacGregor

Raising the boat for all Broker-Talk with Kate Lanagan MacGregor.To be a licensed real estate agent is simple, take the courses, pass the test and voila, you are an agent. Being professional at this career is a wholly different and more rigorous process.  Our guest today on Broker-Talk.com is Mattapoisett, MA Realtor/Broker extraordinaire Kate Lanagan MacGregor of Bold Realty, Inc. Kate is a social media savant. She demonstrates on a daily basis how much she cares.  Starting with her daily posts on RITUALS to Rise (a private Facebook Group dedicated to starting each day with power, focus, strength and love).

Bold bus

Listen to this episode of Broker-Talk.com and find out how to be the best agent you can for your community.  Find out how to be one of the best people you can be with Kate showing the way. Kate has been elected, appointed  and chosen to so many posts in her career. Realtor of the Year is well deserved because of her relentless caring of her community and her profession.  I have been privileged  to sit on the MAR (Massachusetts Association of Realtors) Communications Committee for some time following her as the chairman.

Kate Lanagan MacGregor

Kate is impressive in many ways, especially for her caring for others, but what is really exciting is to watch her morning videos discussing the ways in which we can act in ways that raises the boat for all. Real Estate is filled with people who are of differing backgrounds, education, experience and skills. There are A students and there are C students and below, Kate is one of the top agents who know what needs to be done, does it with flair and makes the path easier and more direct for others. This show may provide you with an insight you missed. An understanding of how to work, how to be professional is what she demonstrates. I am blessed to call Kate a colleague and a friend she is truly one who is Raising the boat for all Broker-Talk with Kate Lanagan MacGregor

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Archive Blog Boston Buyer Featured For Agents For Buyers For Sellers Larry Lawfer Milton Newton Seller

Boston Globe Real Estate Writer spills the beans on Real Estate

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Boston Globe Real Estate Writer spills the beans on Real Estate. Our Podcast today talks about high rents, need for affordable homes, transfer taxes, rent control the middle class families have difficulty in the Boston area finding homes that are a good fit for them.  Tim Logan, real estate writer, from The Boston Globe shares what he has covered in the past months on all these issues.  Transfer tax is in front of the legislature this week. The idea is to charge a 1% transfer tax to both Buyers and Sellers.  There are some towns in the Commonwealth looking at this for homes beginning at $400,000. This is a slippery slope. Once towns are reaping income from people who own homes and live in these towns they will, of course,  jump from taxing some sales to taxing all sales.

To me this is unfair to home owners. Why tax approximately 60% of our citizens (those who own homes) and not all citizens.  In this show we never answered what will be taxed or where new income will come from to help with this issue. We do need to consider fair options for all.  It has been proven since the 70’s that rent control does not work.  When landlords, or builders have their ability to make a living by setting upward limits, they will choose other places to use their money.

The town of Brookline, MA has passed a directive. By an overwhelming vote of 207 to 3, members approved a bylaw that prohibits the installation of oil and gas heating systems in new construction beginning in 2021. The desire is to control the use of fossil fuels to assist with global environmental issues.  This initiative is already being tested by the courts for it’s legality.  Should this pass the cost of building will be increased and it will work directly against the affordable home issue. Tim does a good job of explaining these issues to his readers.  Take a listen to our conversation by clicking here. If you like the show, please subscribe. Boston Globe Real Estate Writer spills the beans on Real Estate

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Archive Blog Boston Buyer Featured For Agents For Buyers For Sellers Investor Larry Lawfer Luxury Luxury Market MA market reports Millennials Milton Newton Realtor® Seller Selling Myths Wellesley Weston Westwood

Selling your home strategies and tips

Selling your home strategies and tips, search with this term and you will get a plethora of choices. They all are necessary steps in the process, but they just may not be in the right order. What is important is what you want to get from the sale and how are you going to wisely use those proceeds. These are always significant transactions. When large sums of money are exchanged many tax implications are part of the deal. Considering the long term benefit to be preserving and protecting your cash, the first step in selling your home is to know what you are doing with those funds and how you are going to do it.

Then of course look on line and see the competition in your neighborhood, see what the prices are, if there are open houses, go to those open houses and see how they are being marketed. A good agent will always have open houses to gage the market, a great agent will do so knowing exactly who their target is and how they behave.  Just like school, there are A students and there are C students. The A student will look to streamline their process to only those tasks and marketing efforts that work. They can describe that person in detail and tell you specific steps they will take to target that demographic using technology.

You should always get your property as neat and clean as possible. Everything should be working and if there are surface blemishes, repair them. That is the minimal step. From there consider what you are spending and what you expect to get from the market. There will be time and money spent before the sale if you go that route and that may not get repaid in the sale. There are a lot of strategies you will only hear from the best agents, the rest you can use the search term, Selling your home strategies and tips

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Archive Blog Boston Dedham Featured For Agents For Buyers For Sellers Housing Market Updates Larry Lawfer Luxury Luxury Market MA market reports Milton Newton Realtor® Seller Wayland Wellesley Weston Westwood

Boston Area Luxury Marketing Report Jan 2020

ILHM-Nov19-luxury-1

Boston Area Luxury Marketing Report Jan 2020. I gather information from several sources for this report. I include the towns I mostly work in, Boston, MA; Newton, MA; Weston, MA; Wayland, MA; Milton, MA; Dedham, MA; Westwood, MA. Information comes from Institute for Luxury Home Marketing where I am a Million Dollar Guild Member in good standing, and MLSPIN the local Multiple Listing Service in this area. All reports are based on trailing statistics. The Dec stats will be in sometime later this month.

ILHM-Nov19-luxury-1

Luxury, as defined by the Institute is the to 10% of all properties on the market at any given time. For the purposes of this month listed the price to get into this select club is $1,950,000. Any property below that price would not be considered luxury for this report. Many homes below this price would be considered luxurious in most instances, just not in the real estate sense.

In the MLS for the last 30 days there are 144 properties in these towns that fit this designation.Single Family Active Listings: 72 Median Liv. Area SqFt: 6,262 Median List $: $3,287,500 Median List $/SqFt: $561 Median DOM: 125. The DOM, days on market, are always longer for these properties because there are fewer buyers at this level. 

Single Family Under Agreement Listings: 14 Median Liv. Area SqFt: 5,250 Median List $: $2,549,000 Median List $/SqFt: $482 Median DOM: 85.5 Median DTO: 71.5

Single Family Sold Listings: 18 Median Liv. Area SqFt: 5,782 Median List $: $2,872,500 Median List $/SqFt: $494 Median DOM: 77.5 Median DTO: 59 Median Sale $: $2,695,585 Median Sale $/SqFt: $469

From the last two collection of stats we see 14 to 18 properties a month going making this a Buyer’s Market with so much competition and more than 6 months of inventory. Getting Luxury properties sold in a competing market like this demands a professional agent who understands how to market these properties.

Single Family Expired Listings: 18 Median Liv. Area SqFt: 5,954 Median List $: $3,094,950 Median List $/SqFt: $506 Median DOM: 154

Single Family Canceled Listings: 11 Median Liv. Area SqFt: 5,200 Median List $: $3,049,000 Median List $/SqFt: $635 Median DOM: 71

When a property goes too long on the market the buyers often wonder what is wrong. Make sure your Realtor® has a real sense of what to do, who is going to be the target audience and how the agent is going to connect with them. This has been the Boston Area Luxury Marketing Report Jan 2020

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Archive Blog Boston Buyer Featured For Agents For Buyers For Sellers Housing Market Updates Larry Lawfer MA market reports Millennials Newton Realtor® Seller

Newton Residential Single Family Market Report Jan 2020

Newton MA real estate

Newton Residential Single Family Market Report Jan 2020. Lots of things going on inside the 13 villages that comprise Newton. Issues right now with some development projects that include affordable housing.  There are a total of 165 properties in Active, UAG, Sold or some other form of “on the market” housing through the Multiple Listing Service MLSPIN in the Boston Area.

Single Family New Listings: 2 Median Liv. Area SqFt: 3,712 Median List $: $1,612,000 Median List $/SqFt: $418 Median DOM: 108  Now you may think this is odd the fact that DOM is 108 when they are new properties, and it is, but it is the way MLS deals with properties that were on the market, go off for a period of time and then come back on.

Single Family Active Listings: 57 Median Liv. Area SqFt: 3,606 Median List $: $1,700,000 Median List $/SqFt: $483 Median DOM: 103 

Single Family Contingent Listings: 2 Median Liv. Area SqFt: 4431.5 Median List $: $1,749,000 Median List $/SqFt: $397 Median DOM: 49 Median DTO: 24.5  What this is letting us know that the better you price your home the faster you are done with it and can get on to the next steps.

Single Family Under Agreement Listings: 21 Median Liv. Area SqFt: 2,820 Median List $: $1,125,000 Median List $/SqFt: $467 Median DOM: 56 Median DTO: 41 We will see where the final numbers end up when they go sold next month.

Newton MA colonial luxury

Single Family Sold Listings: 34 Median Liv. Area SqFt: 2,674 Median List $: $1,347,500 Median List $/SqFt: $472 Median DOM: 27.5 Median DTO: 20 Median Sale $: $1,325,000 Median Sale $/SqFt: $445  34 Sold homes gives us less than a months worth of inventory. That is text book Seller’s Market, but don’t be confused that does not mean you will get more for your home because of this.  Consumers are very smart at knowing what the value is.

Single Family Temporarily Withdrawn Listings: 11 Median Liv. Area SqFt: 2,418 Median List $: $1,199,000 Median List $/SqFt: $457 Median DOM: 72

Single Family Expired Listings: 26 Median Liv. Area SqFt: 3,926 Median List $: $1,662,000 Median List $/SqFt: $453 Median DOM: 100

Single Family Canceled Listings: 12 Median Liv. Area SqFt: 3,242 Median List $: $1,342,500 Median List $/SqFt: $437 Median DOM: 63

These last three stats count 49 homes that are not on the market right now. Expect all of them to come back on soon.Newton Community Pride is a Facebook page that will give you some insight into the fabric of the town. Newton Residential Single Family Market Report Jan 2020

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Archive Blog Boston Buyer Featured For Agents For Buyers For Sellers Larry Lawfer MA Milton Newton Seller

Broker-Talk with Chris Brogan StoryLeader 3 Words for 2020

Broker-Talk with Chris Brogan StoryLeader 3 Words for 2020. Chris Brogan is a nerd, I love nerds. Chris was focused on growth and learning when I met him in 2005. He worked for a telecom in some tech type job and he was tired of going to the same old conferences where you sit in an audience with a set schedule of topics that were not always valuable. Along with Christopher Penn, Chris Brogan created the PodCamp movement.  That pulled me in.  With technology and social media growing in importance I saw the value in knowing and understanding it more. PodCamp offered the attendees an opportunity to shape the future.

Chris-Brogan-Story-Leader

Broker-Talk.com is an outgrowth of those early days and I am thrilled to have another opportunity to connect with Chris and listen to what he is currently working on.  His Three Words trended on LinkedIn all weekend. We spoke about ours on the show and Chris gave us his new word created for 2020, Structurequence.  My three words were Fearless, Action, Results. In the show Jim revealed his three words as well. Chris spoke about which of his 9 going on 10 books was his favorite and why. He refused to reveal his favorite writers having so many friends producing books these days. Chris is genuinely a nice guy who cares about value for his clients.

StoryLeader System is Chris’s 2020 offer. “What’s changed in the last five years? Fast isn’t fast enough. Customers want instant, not soon. This requires a lot more coordination throughout your organization,” Chris writes in this post. He breaks down the steps and he suggests you can pass on leadership DNA through a series of repeatable steps freeing up the Executive to take on other opportunities. Thanks Chris for being on the show and sharing your insights. 

Broker-Talk with Chris Brogan StoryLeader 3 Words for 2020