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Real Estate News

Avocado: A True Game-Changer for Real Estate

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Who knew that creamy, verdant avocados could make or break one’s future in real estate?

According to Australian developer Tim Gurner, (who is 35 and worth half a billion dollars, nbd) millennials are poor and unable to buy homes because of their infatuation with the single-seeded berry (yes, it’s technically a fruit—The More You Know!)

On a recent episode of Australia’s “60 Minutes,” he said: “When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each.”

I would propose that maybe only millionaires would pay $19 for guac, but I digress.

Also noteworthy, Gurner was handed $34,000 from his grandfather at the age of 19, which led to his early success in real estate, and he wants to chastise me for my love of guacamole!? Get outta here. What does he think? That if I was given free money, I would’ve bought 22,667 avocados instead of investing it? (Actually, that sounds like a pretty OK investment, if you ask me.)

Snarks aside, Australian real estate company Ray White is latching on to the avocado craze and offering buyers a delicious deal: free avocado toast for 12 months is up for grabs for anyone willing to shell out for a new two- or three-bedroom townhouse in Queensland.

Now, millennials can save their pennies for a townhouse and guacamole in one fell swoop! If you’re an avocado aficionado, you’d better get that passport renewed ASAP: the deal expires June 30.

What a time to be alive.

Nick Caruso is RISMedia’s senior editor. Email him your real estate news ideas at nick@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Avocado: A True Game-Changer for Real Estate appeared first on RISMedia.

Glenn “Chip” Gardner: Moving a Louisiana Legend Forward

Gardner_ChipAs Vice President of Operations and Special Initiatives for Metairie, La.-based GARDNER REALTORS®, Glenn “Chip” Gardner has proven that the family DNA runs strong.

“We’re the most successful local (non-franchised) real estate company in our region that’s consistently recognized as a Top Workplace with both the third and fourth generations of our Gardner family—Dad, Mom, sister and me—leading the organization,” says Gardner. “While we’re the local experts in a sea of franchised competition, we also have global connections to the very best real estate brokers through Leading Real Estate Companies of the World® and Luxury Portfolio International®, which provides us with world-class marketing and resources, allowing us to provide clients the very best service.”

Metro New Orleans has seen prices rise by 5 percent over the last year. In addition, the market had slightly less inventory with steady buyer demand in 2016, which is directly correlated to ranking No. 3 in Major U.S. Cities Population Growth, along with recent accolades such as No. 1 Business Climate, No. 1 Most Economical City and No. 1 Brain Magnet in America.

“For the third straight year, we’re the only real estate company recognized as a Top Workplace in our market by Nola.com/The Times Picayune. This is attributed to the guiding principles instilled in our real estate family by our founder, Mrs. Gertrude Gardner, who was affectionately referred to as ‘The Grand Dame of Real Estate,'” says Gardner. “Also, this past year, we rolled out our agent benefits program through Dergalis Associates, so our REALTORS® now have access to vision, dental, life and short- and long-term disability insurance, along with tax and financial planning.”

While GARDNER REALTORS® continues to attract agents to the firm and remain open to acquiring quality firms, its primary focus is to grow marketshare through increased productivity.

“Through a combination of live and online training classes, which provide insight into these specific consumer mindsets, we keep our agents up-to-date on everything,” says Gardner. “Our Gardner Institute—powered by Leading Real Estate Companies of the World®—ranked No. 3 across all industries worldwide in Training Magazine’s Top 125 award winners and has complimentary on-demand classes that we utilize.”

And as members of The Enterprise Network by booj, the firm’s “Gardner Ecosystem,” including websites, mobile apps, a CRM, and more, remains on the cutting-edge through its constantly evolving technology platform, which includes market exclusivity.

“We’re also augmenting our in-house training through our partnership with Ninja Selling, a system focused on increasing a real estate professional’s income per hour, increasing the client’s satisfaction, and improving the real estate professional’s quality of life,” says Gardner. “As The Ninja Company of our market, our staff and leadership are also on the Ninja Path, so our entire organization is in alignment.”

In Gardner’s mind, the company’s success is measured by building relationships, providing a path to personal mastery and life purpose, and giving back to worthy causes, such as The New Orleans Mission.

Years in Business
: 74
Size: 24 offices, 850 REALTORS®
Regions Served: Metro New Orleans/Greater Baton Rouge/Mississippi Gulf Coast
2016 Sales Volume: $1.143 billion
2016 Transactions: 4,920

For the latest real estate news and trends, bookmark RISMedia.com.

The post Glenn “Chip” Gardner: Moving a Louisiana Legend Forward appeared first on RISMedia.

Cyndi Lauper Says Sayonara to Stamford

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Pop singer and “Kinky Boots” composer Cyndi Lauper is high-tailing it out of her North Stamford, Conn. home, having listed her three-bedroom, 3.5-bath French Country Colonial for $1,250,000.

Located about an hour from New York City, Lauper’s home is a peaceful and private setting with panoramic views, but close enough to Manhattan for girls who just wanna have fun. Interiors designed by Howard Kaplan, founder of French Country, feature hand-stenciled walls and ceilings; 19th century doors, tiles and fixtures sourced from England and France; and a striking Cedar Mansard roof.

There’s also a storybook guest house (that Lauper formerly used as a music studio) with an open-concept living space featuring a stone fireplace, kitchen and full bath. Both the main residence and guest house are set on a meticulously planned 1.5 acres with stonework throughout and an in-ground pool.

Lauper bought the home with husband Dave Thornton during the 1980s and wrote five albums in the residence, according to People. The couple primarily lives in an Upper West Side apartment in Manhattan.


Image Credit: Berkshire Hathaway HomeServices New England Properties/Planomatic

Nick Caruso is RISMedia’s senior editor. Email him your real estate news ideas at nick@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Cyndi Lauper Says Sayonara to Stamford appeared first on RISMedia.

Priority One: Taking Care of People

Mari_Jeff_RenschIn the following interview, Jeff Rensch of The Rensch Group with NP Dodge in Omaha, Neb., discusses the advantages of the team’s brokerage and the value of working as a group.

Years in Real Estate: 31
Region Served: Omaha, Neb.
Average Market Time: Depends on the price point and area, but in general, houses selling for $200k-$400k in very good condition sell in a day. In most other categories, if the house hasn’t sold in 30 days, it isn’t priced right.

The Rensch Group was named NP Dodge’s top power team for 2016. Please talk about how you run your team. 
Our goal is to be consistent and to treat our clients like gold, like family. In addition to being involved in the community, we’re also involved in charity and volunteer work. We use a consistent marketing approach and our agents mainly focus on properties where they live. We also use a long-term approach. We’re not using puppy mill tactics to bring in clients via internet ads. For us, it’s all about taking care of the people we work with and earning their referrals.

How do you stay out in front of the competition?
For one, I stay on top of technology. We also try to make sure we’re servicing our clients better than anyone else. We don’t stand out there with billboards; we’re more about building on the base of the clients we have. In fact, we have an 8,000-person farm that we farm very selectively. I’m also very selective about the team. I haven’t recruited any of the agents on my team; they’ve come to us. We have six agents, including my wife, Mari, and three support staff members. I’m out in the field every day. It’s not that I’m the manager of a large group, but rather, we’re more of a coop. I run into people all the time, and another thing that separates us from others is the fact that I write each and every person a handwritten note, which shows them that we care.

What is your personal perspective on being successful in real estate?
For me, it’s all about having great administrative staff who are all on the same team, wanting to care for our clients like family. Over the years, I’ve tried to instill in our admin and agents the fact that we have to be nicer to our clients. It’s more about teaching good bedside manner. Buying or selling a home is one of the most stressful things our clients do, so we need to be emotionally intelligent about how we deal with them.

Talk about being part of NP Dodge. What are the benefits?
NP Dodge is a fantastic brokerage to be with. Founded in 1855, it’s still family-owned and -operated and known for its integrity. Everyone knows about NP Dodge, so I never have to sell the benefits of the brokerage. The company is always there to help us as well. They are high-tech and on the cutting edge, and always make it happen for us. Plus, members of the Dodge family still work in the field, and they’re great inspirations to all of us. I look at who they are as people, and that’s who I want to be associated with. Their inspiration is a great influence on me and the team.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Priority One: Taking Care of People appeared first on RISMedia.

Existing-Home Sales Sink 2.3 Percent

Existing-home sales sunk in April, dragged down by virtually absent supply, the National Association of REALTORS® (NAR) reports.

Existing-home sales totaled 5.57 million, a 2.3 percent decrease from March, but a 1.6 percent increase from one year prior. Inventory increased, however, by 7.2 percent to 1.93 million—though still 9 percent below one year prior.

“Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market,” says Lawrence Yun, chief economist at NAR. “Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase.”

Inventory is currently at a 3.8-month supply. Existing homes averaged 29 days on market in April, five fewer days than in March and 10 fewer days than one year prior. Non-distressed homes took 28 days to sell. All told, 52 percent of homes sold in April were on the market for less than one month.

“REALTORS® continue to voice the frustration their clients are experiencing because of the insufficient number of homes for sale,” Yun says. “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.”

“On the supply side, new homes are predominantly being built for the mid- to upper-price range, but on the demand side, buyers are increasingly seeking low- to moderately-priced homes,” says Joseph Kirchner, senior economist at realtor.com®. “This mismatch makes landing an affordable home that much tougher, and is keeping many would-be buyers out of the market.”

“Existing-home sales posted substantial gains in the first quarter of 2017; however, we are concerned about the impact of low inventory on sales and prices as we move into the peak season for the housing market,” says Ruben Gonzalez, staff economist at Keller Williams. “If low inventory conditions persist into the summer months, sales could be constrained and the resultant increases in prices could exacerbate the effect of interest rate increases on affordability.”

The metropolitan areas with the fewest days on market in March, according to data from realtor.com, were San Jose-Sunnyvale-Santa Clara, Calif. (23 days); San Francisco-Oakland-Hayward, Calif. (25 days); Denver-Aurora-Lakewood, Colo. (27 days); and Seattle-Tacoma-Bellevue, Wash. (28 days).

The median existing-home price for all types of houses (single-family, condo, co-op and townhome), at the same time, was $244,800—a 6 percent increase from one year prior. The median price for a single-family existing home was $246,100, while the median price for an existing condo was $234,600.

Single-family existing-home sales came in at 4.95 million in April, a 2.4 percent decrease from 5.07 million in March and a 1.6 percent increase from 4.87 million one year prior. Existing condo and co-op sales came in at 620,000, a 1.6 percent decrease from March, but a 1.6 percent increase from one year prior.

Twenty-one percent of existing-home sales in April were all-cash, with 15 percent by individual investors. Five percent were distressed.

Existing-home sales in the Midwest rose 3.8 percent to 1.36 million, with a median price of $194,500. Existing-home sales in the Northeast fell 2.7 percent to 730,000, with a median price of $267,700. Existing-home sales in the West fell 3.3 percent to 1.18 million, with a median price of $258,600. Existing-home sales in the South fell 5 percent to 2.30 million, with a median price of $217,700.

First-time homebuyers comprised 34 percent of existing-home sales in April.

For more information, please visit www.nar.realtor.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Existing-Home Sales Sink 2.3 Percent appeared first on RISMedia.

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©2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.  Roanoke, VA  Licensed in Virginia.

Berkshire Hathaway HomeServices Premier, REALTORS
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