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Berkshire Hathaway HomeServices Premier, REALTORS is a full-service real estate company that makes it a tradition to extend our hands to our customers in a manner of quality and honesty. We provide a complete and experienced team effort to bring your transaction to your desired outcome when you buy or sell real estate of any kind.  We proudly provide our services to our community, who has trusted us now for for over a quarter of a century.

 

Real Estate News

HomeServices of America, Inc. Acquires Houlihan Lawrence

HomeServices of America, Inc. has acquired Houlihan Lawrence, adding the firm’s 30 offices and 1,300 sales associates in the northern suburbs of New York City, the company announced on Tuesday. Houlihan Lawrence President and CEO Stephen Meyers and Managing Principal Chris Meyers will continue to lead the firm, which will retain its name, while Chairwoman Nancy Seaman will step down. The regional leader, which ranked No. 15 in RISMedia’s 2016 Power Broker Report for sales, closed $6.7 billion in sales volume last year.

“We are joining an organization known for its strength and stability,” says Stephen Meyers. “Our partnership secures the future of the firm without changing the exceptional culture that is core to our storied brand. We are thrilled with this announcement and the many benefits it brings to our clients and agents.”

“Nancy, Stephen and Chris, together with their team of sales managers and agents, have built an extraordinary organization and exemplify a level of expertise and leadership that is second-to-none in the real estate business today,” says Ron Peltier, chairman and CEO of HomeServices. “Their culture of integrity and innovation closely aligns with our corporate vision and our emphasis on customer value and results.”

“When you combine the incredible strength of our people and the remarkable history of our success with the unsurpassed financial stability of HomeServices, there is no limit to what we can accomplish,” says Chris Meyers.

“The acquisition of Houlihan Lawrence by Berkshire Hathaway’s HomeServices of America is the beginning of a new stage of growth for the local entity as well as the the entire Berkshire national network,” says John Featherston, president, CEO and publisher of RISMedia, noting HomeServices of America’s prior acquisitions of regional leaders. “HomeServices of America’s system of acquisition is well-respected, and they have done an incredible job of retaining sales associates and management. I expect the same will happen with Houlihan Lawrence.”

“This is an important transaction to HomeServices,” says Peltier, “and we are very proud to welcome Houlihan Lawrence to the HomeServices family.”

Financial terms of the transaction were not disclosed. Houlihan Lawrence serves Dutchess, Fairfield, Orange, Putnam, Ulster and Westchester counties in Connecticut and New York.

For more information, please visit HomeServices.com.

Stay tuned to RISMedia.com for more developments.

The post HomeServices of America, Inc. Acquires Houlihan Lawrence appeared first on RISMedia.

Cost vs. Value: Which Home Improvements Offer the Highest ROI in 2017?

With the many different projects reported annually in Remodeling Magazine’s Cost vs. Value Report, not much has changed from last year…and that’s not a bad thing. The 29 projects found on this year’s report paid back an average of 64.3 cents on the dollar in resale value. Looking at the 24 most tracked projects (projects consistently tracked for the last six years), their payback for 2017 was also 64.3 cents—only three-quarters of a penny higher than 2016 projections.

Why the little change? Simply put: the differences in underlying numbers were minimal year-to-year. The average cost for those 24 projects rose a meager 3 percent, while the value that real estate professionals put on said projects only rose 4.2 percent. Minor gains, yes, but we’ll take what we can get.

Recent and long-time trends continued, reports Remodeling. Curb appeal projects like changes to doors, windows and siding garnered a higher ROI than work done inside the home. Replacement projects, like doors or windows, scored higher among real estate pros than did remodels.

On a national scale, the top five projects with the greatest ROI in the report’s “midrange” cost category are:

  1. Attic Insulation (Fiberglass)(107.7% ROI)
    Average Cost: $1,343
    Average Resale Value: $1,446
  1. Entry Door Replacement (Steel)(90.7% ROI)
    Average Cost: $1,413
    Average Resale Value: $1,282
  1. Manufactured Stone Veneer(89.4% ROI)
    Average Cost: $7,851
    Average Resale Value: $7,019
  1. Minor Kitchen Remodel(80.2% ROI)
    Average Cost: $20,830
    Average Resale Value: $16,699
  1. Garage Door Replacement(76.9% ROI)
    Average Cost: $1,749
    Average Resale Value: $1,345

The top five projects with the greatest ROI in the report’s “upscale” cost category are:

  1. Garage Door Replacement(85.0% ROI)
    Average Cost: $3,304
    Average Resale Value: $2,810
  1. Entry Door Replacement (Fiberglass)(77.8% ROI)
    Average Cost: $3,276
    Average Resale Value: $2,550
  1. Window Replacement (Vinyl)(73.9% ROI)
    Average Cost: $15,282
    Average Resale Value: $11,286
  1. Window Replacement (Wood)(73.0% ROI)
    Average Cost: $18,759
    Average Resale Value: $13,691
  1. Grand Entrance (Fiberglass)(70.1% ROI)
    Average Cost: $8,358
    Average Resale Value: $5,855

Regionally, the Pacific division (California, Oregon, Washington, Alaska and Hawaii) saw an average payback of 78.2 percent for all projects, with 10 projects posting cost-recouped levels of at least 90 percent. The East North Central states of Ohio, Indiana, Michigan, Illinois and Wisconsin, however, saw an average of just 54.9 percent, with no single project offering a payback of as much as 80 cents on the dollar.

At the other end of the spectrum are projects with the lowest returns on investment—improvements generally not in demand by the market. Again on a national scale, the five projects with the lowest ROI in the “midrange” cost category are:

  1. Bathroom Remodel(64.8% ROI)
    Average Cost: $18,546
    Average Resale Value: $12,024
  1. Master Suite Addition(64.8% ROI)
    Average Cost: $119,533
    Average Resale Value: $77,506
  1. Backyard Patio(54.9% ROI)
    Average Cost: $51,985
    Average Resale Value: $28,546
  1. Backup Power Generator(54.0% ROI)
    Average Cost: $12,860
    Average Resale Value: $6,940
  1. Bathroom Addition(53.9% ROI)
    Average Cost: $43,232
    Average Resale Value: $23,283

The five projects with the lowest ROI in the “upscale” cost category are:

  1. Major Kitchen Remodel(61.9% ROI)
    Average Cost: $122,991
    Average Resale Value: $76,149
  1. Master Suite Addition(59.9% ROI)
    Average Cost: $250,687
    Average Resale Value: $150,140
  1. Bathroom Remodel(59.1% ROI)
    Average Cost: $59,979
    Average Resale Value: $35,456
  1. Bathroom Addition(57.1% ROI)
    Average Cost: $81,515
    Average Resale Value: $46,507
  1. Deck Addition (Composite)(56.4% ROI)
    Average Cost: $39,339
    Average Resale Value: $22,171

The 2017 Cost vs. Value Report compares, across 99 markets, the average cost of 29 popular remodeling projects with their average value at resale one year later. Average resale value is calculated based on estimates provided by real estate professionals. View the full report, including project descriptions and city-level data, here.

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

This was originally published on RISMedia’s blog, Housecall. Visit the blog daily for housing and real estate tips and trends. Like Housecall on Facebook and follow @HousecallBlog on Twitter.

The post Cost vs. Value: Which Home Improvements Offer the Highest ROI in 2017? appeared first on RISMedia.

New Year, New Financial Resolutions with Help from Intuit

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Help your team define their 2017 business goals (and get actionable strategies to achieve them) with the realtor.com® goal-setting tool. Learn more.

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

The post New Year, New Financial Resolutions with Help from Intuit appeared first on RISMedia.

Building and Maintaining Authentic Relationships

Chad_Hollie_SessionsIn the following interview, Chad and Hollie Sessions, broker/owners, Real Living The Real Estate Group in Camas, Wash., discuss their brand and the culture it supports.

Region Served: Portland, Ore.; Vancouver and Longview, Wash.
Years in Business: 5
Number of Offices: 5
Number of Agents: 80
No. 1 Tip for Running a Successful Meeting: Keep the content relevant and create a culture of collaboration.
Best Way to Motivate Agents: Earn their trust, know what drives them, and support that passion.
Best Recruiting Technique: Know who you are as a company and stay true to yourself.

After nearly a dozen years working in your market, what are some of the most important/exciting things happening within your company today?
First and foremost, I’d have to point to our decision to join Real Living, a brand I was attracted to because of how they valued growing authentic relationships within the communities they serve. This philosophy is a great fit for us. Another exciting moment worth mentioning is our being named “2016 Real Estate Agency Brand of the Year” in addition to “Most Loved” brand in the 2016 Harris Poll EquiTrend study. I believe our commitment to building lifelong relationships with clients and becoming their real estate resource for life played a big part in our being honored.

In what ways have you helped to enhance your team?
Our relationship with Buffini & Company has been an added value for our agents. The partnership is a great fit because we both have very strong convictions around maintaining authentic relationships for life. Their contact management system, Referral Maker, has helped our agents create a sustainable and systematic approach to doing a better job of servicing their clients. Our ongoing training and collaboration with Buffini & Company is also invaluable.

How does your company culture play a part in your success?
This is one of our company’s greatest assets. We’ve created an authentic, caring culture where agents help one another reach their goals year after year. It isn’t easy to sustain this type of culture in such a competitive industry, but we’ve stayed true to our convictions about the type of company we wanted to own and operate—and it’s paid off. Our culture and atmosphere not only attract agents, but make them proud to work for Real Living The Real Estate Group.

How does your team engage itself within the community?
As a company, we’re committed to making a local impact, so we’re always looking for ways to give back to the community. Many agents volunteer their time or participate in holiday food and toy drives, and we come together and adopt families who may be struggling and help support them for the holiday season to make as much of a difference as we can financially and emotionally. We also support local schools through a program we created called Real Heroes, which honors one teacher and one parent volunteer from each school for going above and beyond throughout the school year.

For more information, please visit www.realliving.com.

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

The post Building and Maintaining Authentic Relationships appeared first on RISMedia.

Who’s Living Paycheck to Paycheck—and Who Isn’t

Living paycheck to paycheck is a harsh reality for many Americans, whose expenses—including housing—sap any hope of disposable income. According to a recent study by GOBankingRates, the paycheck-to-paycheck lifestyle is most common in California, Hawaii and New York, and least common in Arkansas, Mississippi and Oklahoma.

States Most Likely to Have Residents Living Paycheck to Paycheck

  1. Hawaii
    Median Paycheck: $2,826
    Disposable Income: -$367 (-13 percent)
  1. California
    Median Paycheck: $2,481
    Disposable Income: $162 (7 percent)
  1. New York
    Median Paycheck: $2,340
    Disposable Income: $300 (13 percent)

States Least Likely to Have Residents Living Paycheck to Paycheck

  1. Mississippi
    Median Paycheck: $1,561
    Disposable Income: $766 (49 percent)
  1. Arkansas
    Median Paycheck: $1,615
    Disposable Income: $775 (48 percent)
  1. Oklahoma
    Median Paycheck: $1,868
    Disposable Income: $892 (48 percent)

Learn where your state ranks here.

Source: GOBankingRates

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

The post Who’s Living Paycheck to Paycheck—and Who Isn’t appeared first on RISMedia.

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©2015 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.  Licensed in Virginia.

Berkshire Hathaway HomeServices Premier, REALTORS
Roanoke Office

2772 Electric Rd., Suite 1
Roanoke, VA 24018
Phone: 540-343-5000
Fax: 540-343-5135
Email: info@BHHSPremier.com 

 

PPR-Daleville Office

Roanoke/Botetourt Office
1638 Roanoke Rd. Ste. 101
P.O. Box 210
Daleville, VA 24083
Phone: 540-966-3033
Fax: 540-966-3613
Email: info@BHHSPremier.com 

Licensed in Virginia
 

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