The months of January andFebruary were very good and insome cases they were great.
February Pending Home SalesJump 20-56% in NorthernJersey according to GSMLSand NJMLS with pending homesales jumping from 20-50%depending on the county.
There are lots of signs that aseller’s market was in play.
Inventory: Nationally, listedinventory is 25% lower than itwas a year ago. According to anumber of various reports, thenumber of homes listed for saleis down from last year and evenfrom January 2013.
In some cases, listings weredown 17% in February from ayear earlier. In certain regions(Mid-Atlantic especially) thenumber of homes for sale isnearly 60% less than it was just5 years ago!
In 2008 the ratio of homeslisted vs. homes sold was 9:1;today it is 4:1.
Rates: We are still seeing ratesat near historic lows.
Technology: the digitalplatform continues to drivebuyers and sellers together.This challenge is to keep aheadof the curve.
Ralph ApontePresident
“Re-Boot” American Are Backon the Move
Mobile Helping smartphone prospects buy
Images Video, photosand full-color brochure
Personalization Hi-Tech AND Hi-Touch
Targeted Marketingreaching real buyers
Predictability usingnew tools
Technology that makesSales Easy
Pipeline CRMtechnology to buildtrust long before thesale
Some of the givens: socialmedia, smart phone access,mobile presentations, CRMcloud technology and abroad-based referralnetwork.
Re-boot: literally. According to the U.S. Census, Americans areon the move, leaving the Northeast and Midwest and moving tothe West and South.
The Census report to be published today cites that 40 of the top50 fastest-growing metropolitan areas in the U.S. in 2012 werein the South or West.
The Census also indicated that metro areas in the Northeast andMidwest such as Detroit and Philadelphia saw relatively largeoutflows of people between July 2011 and July 2012.
States including New York, Massachusetts and California, whichsuffered major population losses before the recession, continuedto lose fewer residents because more people are staying put.
The recession's impact hasn't worn off, of course. More countieshad a bigger number of deaths than births, partly due to the on-going economic difficulties which are discouraging childbearing,according to the demographer at the University of NewHampshire Kenneth Johnson.
TITLE WISECOUNSELLORS TITLE AGENCY
Counsellorstitle.com Spring 2013
7 SalesTrends
For 2013
Welcome to Title Wise
FAST TitleRate Quotes
Counsellors Title Agency, Inc.504 Hooper Ave. Toms River, NJ 08753 Phone: [email protected] www.counsellorstitle.com
These are just seven of thethings to look for in a closingcontractYour contract should clearlyset forth the following terms:
The total price you agree topay
The amount of downpayment you will make
Any and all escroweddeposits to date
When the transaction will“close” or title will transfer;
When you will takepossession of the property
Anything in the house orattachments that you wouldlike to be included, such asappliances, drapes,chandeliers, fireplace tools,etc.
The amount of time afterthe offer is accepted you willhave to arrange financing
84% home buyers use Internetto buy real estate – NAR
Interactive Website Email Marketing Content Syndication Social Network Integration Search EngineOptimization Search Engine Marketing Customized Landing Pages Twitter Campaign Designs CRM Administration Video production Direct Mail: Postcards,Door Hangers, Letters Outdoor Advertising:
Lawn SignsLEAD GENERATIONYou need to constantly begenerating a funnel of leads foryour business. And as thoseleads come in you need to havea database platform that willengage each lead with theappropriate informationresource and follow-up.
There are many different waysto segment those leads, butmost importantly, is the matterof proper follow-up. Everyoneis going to be at different stagesof the buying or selling cycles,so knowing the right response isjust as important as getting aresponse.
ENGAGEMENTToday, it takes much more thana couple calls to qualify a leadinto a prospect. Some estimatescite that it can take up to 30times to close the deal.lf years.”…
Reasons Behind TitleInsurance
84% of All Buyers Rely onthe Internet When Buying
Counsellors Title Agency, Inc.Mr. Ralph ApontePresidentCounsellors Title Agency, Inc.504 Hooper Ave.Toms River, NJ 08753Phone: 732-914-1400Fax: [email protected]
According to a report issuedby RealtyTrac, there was asmall increase in the numberof foreclosure filings inFebruary.
RealtyTrac cited that theforeclosures in Februaryclimbed to 71,488 homes inFebruary, a figure that is up 10percent from January 2013.Still, RealtyTrac stressed thatthe number of foreclosurefilings in February weredramatically lower than theywere in 2012.
This is not seen as a seriousup-tick when put in contextwith where the foreclosuremarket had been, which placesFebruary's numbers at lessthan half of the peak of102,000 homes that wereseized in September 2010.
Total foreclosure filings -including default notices,auctions and repossessions -reported a 2% increase to154,281 homes..
Counsellors Title Agency, Inc. specializes in providing titleinsurance, title search services and loan closing servicesserving attorneys, Realtors, banks and various mortgage
companies throughout the State of New Jersey. CTA offers fullsearch and insurance capabilities within all 21 counties of New
Jersey for commercial, residential and new constructionpurchases in both our Toms River and Linden locations.
CTA is equipped with the latest digital technologies to ensure acomplete and timely transaction.
News from theCounsellors:Slight Rise in
FebruaryForeclosures
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