All Entries in the "Real Estate" Category
Greg Rice of Nexus Property Management Asked to speak on iHeartradio’s “The Round Table”
Greg Rice, General Manager of Nexus Property Management has been invited by “The Round Table” to guest star in order to educate the public, along with a heavy base of real estate professionals & property owners.
The show is geared to provide timely, balanced information & incites from the regions top professionals in real estate, law & finance. “Within a little over 2 years, The Round Table has been able to obtain the largest following through radio signal, social media and blogging for a show of it’s kind. Weekly we provide accurate information that will teach the public how to take advantage of the real estate & financial markets.” Says Show Host Emilio DiSpirito, nationally recognized & award winning show host and Realtor.
“We look to align ourselves with partners like Mr. Rice & Nexus because we only want the most successful brands & people to advise our listenership. When you tune on to our show, you know what you are hearing is genuine & the best information out there. We believe now more than ever, we need a single reliable source to get all of our information from. There are too many options out there, most being inaccurate and false. The Round Table provides a solution to this modern day dilemma.” Says DiSpirito.
Nexus Property Management is a world class organization, now offering franchise opportunities across the country and locally has a team and systems in place that oversee approximately 700 rental units around Rhode Island & Southeastern Massachusetts. Nexus Property Management™ brings years of experience. With practices and procedures perfected over time they are able to increase equity for their clients while simultaneously providing great service to tenants. This efficiency allows Nexus to provide a better experience for tenants and owners than many companies who don’t invest themselves. Most real estate companies are primarily brokerages and focus on sales, with property management often being a small side business for them if they even offer it. The owners of Nexus are property owners themselves, which allows them to bring an eye for detail with a foresight to handle potential problems and issues, many times before they arise. Property management is their business. This is why you will get great management and peace of mind from contracting their services.
Tune in Sunday’s at 10 am on Newsradio 920 or streaming Nationally on iHeartradio app WHJJ. Visit www.TheRoundTableRadio.com for informative videos, blogs and podcasts of prior shows.
For additional information on Nexus and Franchise opportunities please visit http://nexuspropertymanagement.com/franchise
Ted Topouzis of Topouzis & Associates, P.C. Asked to speak on iHeartradio’s “The Round Table”
Ted Topouzis, of Topouzis & Associates has been invited by “The Round Table” to guest star and educate the public, along with a heavy base of real estate professionals and property owners. The show’s goal is to provide timely, balanced information, and insight, from the region’s top professionals in real estate, law, and finance.
“Within a little over 2 years, The Round Table has been able to obtain the largest following through radio signal, social media, and blogging, for a show of its kind. Weekly, we provide accurate information that teaches the public how to take advantage of their real estate and financial markets.” Says Show Host Emilio DiSpirito, a nationally recognized award winning show host and Realtor.
“We look to align ourselves with partners like Mr.Topouzis and Topouzis & Associates because we only want the most successful brands and people to advise our listenership. When you tune in to our show, you know what you are hearing is genuine and the best information out there. We believe now more than ever that we need a single reliable source to get ascertain all our information from. There are too many options out there, most being inaccurate and false. The Round Table provides a solution to this modern-day dilemma.” Says DiSpirito.
At Topouzis & Associates, their clients come first, and it is their top priority to be available to them when they need it. From their website:
“Our emphasis is on providing personalized customer service and constant communication with the goal of achieving unparalleled customer satisfaction.” They state that whether their clients are buyers, sellers, realtors, or lenders, Topouzis & Associates pride themselves on being able to help their clients navigate through otherwise complicated realtor processes. With their practice being so focused on customer needs and providing excellent client experiences, one can see why Topouzis & Associates is such a successful firm.
Tune in Sundays at 10 am on Newsradio 920 or streaming Nationally on iHeartradio app WHJJ. Visit www.TheRoundTableRadio.com for informative videos, blogs and podcasts of prior shows.
For additional information on Topouzis & Associates, please visit: http://www.taclosinglaw.com.
Rhode Island Single Family Home Sales Are Up Over 35 Percent Since April and Continue to Climb
WARWICK, RI – On the heels of record-breaking activity in the first quarter, the Rhode Island Association of Realtors reported that Rhode Island’s housing sales remained strong in April. Association data portrays a 34.7 percent year-over-year gain in single family home sales activity last month. April’s median sales price rose 21.4 percent to $241,000.
While sales activity has skyrocketed during the early months of 2016, a slowdown in sales under contract in April showed signs of impending market restraint. Pending sales, which were up by more than 16 percent in March from the previous year, and nearly 19 percent in February, increased by just 2.5 percent in April. Pending sales are typically the most current indicator of the market in the months to come.
The number of single family homes for sale also fell by 9.9 percent from the prior year, a sign that sales could be restrained by insufficient supply in the future. Anticipation of a June interest rate hike by the Federal Reserve however, may drive more buyers into the market, helping to maintain sales activity.
“We’ve seen a hyper-active market but there are a number of factors that could affect how long it will last. Rhode Island currently has a five-month supply of homes for sale, which, while slightly favoring sellers, remains nearly balanced between supply and demand. That could easily change however, depending on inventory, interest rates, and even the upcoming elections. My advice to buyers and sellers would be to take advantage of the market as it stands today. With rising homeowner equity and incredibly low mortgage rates, it’s a win-win for everyone,” said Arthur Yatsko, president of the Rhode Island Association of Realtors.
In other sectors of the market, condominium sales also showed significant gains with closed sales increasing 18.5 percent from 12 months earlier and median sales price rising 9.7 percent. Multi-family home sales fell 13.7 percent, though median price increased since last year, rising 9.9 percent from April, 2015 to $180,000. April marked the 16th consecutive month of year-over-year gains in median price in the investordriven, multi-family home market.
Getting Started in Real Estate? Here are some tips to help get you started on the right foot.
by Robert Scaralia
Many people enter the real estate business because they consider themselves good with people and/or because they like houses. That’s great, but it falls short of what it really takes to be successful.
It all starts with the decision to get your license. Rhode Island law requires a 45-hour real estate pre license course, which will teach you the principles and practices of modern real estate, as well as Rhode Island license law.
Beyond making the major decision to become a real estate professional and passing the state exam, your most important decision is by far the brokerage you decide to join. This one decision can have the single greatest impact on your career. You want to find a firm that offers new agent training and support that will teach you the fundamentals of the business such as how to prepare contracts, how to determine property values, understanding the transaction process as well as how to find customers plus a long list of other things you will need to know.
In addition, you want to select a firm that provides support in the form of someone you can lean into if you need help or have questions, this typically is the managing broker. Many firms today also offer mentorship opportunities where they pair you up with a seasoned agent who will hold your hand through your first couple of transactions.
Another great and growing model within many firms is the team concept. In this arrangement you work directly with a successful veteran for the foreseeable future that provides an additional layer of ongoing support and opportunity. Either way a good brokerage will provide you the real world training you don’t get in a pre-license class.
Even with that, the truth is most fail in the business because they have the wrong perspective about what a real estate business is and just as importantly what it is not.
We call this the fatal assumption. It is born of the belief that if you understand the technical work of a business you understand how to run a business that does that technical work. It’s like saying just because you learn how to bake cakes you now know how to run a business that bakes cakes. They are two totally and completely different things.
To be successful in real estate requires complete knowledge of all the technical aspects of the business as well as the principles of running a business, because you are not so much in the real estate business as much as you are a businessperson who happens to be in real estate. The real estate profession can be personally and financially rewarding if you follow these simple rules. One, commit to ongoing education about everything related to your profession. It should never end for as long as you are in the business. No one would want to go to a doctor, lawyer or accountant who didn’t stay on top of his or her field.
Second, work on yourself. Personal development (self-help) should be a priority because in a business of your own you are the asset that is leading the business.
Third, learn how to run a business. Go outside of the real estate industry and learn from other businesses. If you do you will find that while their technical work may be different from yours, the challenges are fundamentally the same; how to find customers, convert customers to choose your business over anyone else and deliver on the promise of exceptional service.
Robert Scaralia
Education Director
The Real Estate Institute of Rhode Island
