Fairfield and Westport CT Real Estate Guide

Local insights on buying, selling, and living in Fairfield County


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Design Your Own Perfect, Custom, Home!

Have you ever dreamt of living in a home perfectly suited to your every taste and need? Did you quickly push the dream aside feeling overwhelmed by the daunting process and decisions you would have to make? You are not alone. But many people have jumped on the opportunity and now relish the sanctuary of their ultimate dream home!

Building custom homes is the current focus of many area builders. Read on to see how one Fairfield County Connecticut builder has evolved as an expert in catering to this special homebuyer. linda-raymond-at-milton-1

I met with Milton Development, a luxury builder in Fairfield County Connecticut, to discuss why they cater to this niche and what’s special about how they do it.  I sat down for a Q and A with the company owner, Ashley Shapiro, to find out why Milton is now a custom home builder, what makes this approach a win-win for everyone, and how they tackle barriers that often make people hesitate to pursue a custom-built home. Here’s what I learned-

Linda: What made you decide to become a custom-home builder? 

Ashley: After building only spec homes for about 12 years and working with buyers to customize the finishes, we discovered that we were really good at working with people to give them what they want.  We realized that we truly want to create the home that is perfectly suited our customers. We learned how to gain a clear understanding of how our clients live and what they love for their home design.  miltonhouseOur motto now is, “We build a lifestyle”.   Almost anyone can build a house, but we are now experts at creating a home that fits one’s lifestyle like a glove.  Not only do we love building the perfect home for our customers, but when we custom-build for people, we are better able to manage our business by avoiding the uncertainties of putting a speculation house on market, and we can pass the savings on to our clients.

Linda: Have you seen an increased demand for people wanting custom homes?

Ashley: It’s more a function of creating a niche.  After years of building homes that people loved, we began to get asked if we could build a home for them.  Word spread, and more people asked.  miltonsink

We currently have 10 custom home projects in the works and have been doing custom-built homes for about a year and a half now. We build in Westport, Fairfield, Norwalk and Greenwich.

Linda: Is there a typical buyer profile you see?

Ashley: It varies, but many come from big cities, often working in the financial sector, and they are coming out here for the schools.  What they all have in common is that they are looking for something different.

Linda: What are the common barriers, questions, and concerns you see from your customers?

Ashley: Number one is timing- how long will the whole thing take? How long to get the land, to do the design process, to complete the construction?  We walk through the timeframe for each phase with them. The land is found by their agent or by us, and we are always involved in that phase to help give our clients a vision. We also explain that some of the phases can overlap. For example, while waiting to close on the land purchase, we can get well into the design phase.  We are very skilled at managing the timing and utilize an online program with the timeline and deadlines for everyone involved, including decisions to be made by the buyer.  Everyone has the same real-time view of the schedule, responsibilities, and progress. So our clients know the timeline and understand that they have as much a role in the timing as we do.miltonkitchen

Many are concerned with all the decisions they have to make in a limited period of time.  We have an in-house designer who is very skilled at helping our clients make decisions based on our understanding of their tastes, desires, and budget.  We also have four renowned designers from outside our firm that we work with.

The next big question is about cost and cost per square foot.  Of course, there are many variables that can impact cost per square foot, which could range from $270 up to $500.  But the beauty of our model is that it is completely transparent.  Our customer buys the land, they pay our direct discounted cost to build, which is all determined in advance, and they pay a fixed fee for our work.  So they know up front what their cost is, and we know how much we will make on every project as well.  Most people think we are more expensive than we are because of our high-end image. We do exceptionally high-quality work and market our services and products accordingly. Our print ads look like Vogue photo shoots, but the reality is that we have a lower cost to build than most builders, so we are less expensive!

miltonlr

Linda. So how would you summarize your differentiators?

Ashley: Our image is very high-end and expensive, but our costs are less than our competitors. Our formula is to alway be completely transparent with the cost to build. We take the time to completely understand how our clients live and what they want, which enables us to create the ultimate home just for them.  We are extremely organized and skilled at guiding our clients so they know what to expect and are helped with decision-making.  We make the whole process as easy as it can be for them. Our background comes from branding and the fashion industry.  We use a select talented group of European designers, and we create homes that are truly unique. Our difference is in the details. We build a lifestyle, and this is a win-win for us and our clientele.

linda-raymond-at-milton-4

To learn more about the process and the builders that do custom-home building, start looking for land for your new home, or to get a personal introduction to Ashley at Milton Development, please send a note below, or give me a call at 203-912-4440. -Linda

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My Most Cherished Walking Trail in Fairfield CT’s Beach Area!

tidal-marsh-with-creek

Everyone who walks this trail, especially my dogs, agrees that this is one of the most wonderful places to go to decompress and gain inspiration in Fairfield Connecticut’s beach area.   You may find yourself alone with the wildlife (and your dogs), or you may see other people dog-walking, jogging or bicycling. marsh-trail

There is convenient access from several beach area neighborhoods.  One entrance is on Old Dam Road.  You can jump on the trail from the Meadows condo complex off South Pine Creek Road, or you can enter at Mona Terrace by the soccer field and senior center. The latter is my favorite because there is a cut-through from an additional neighborhood near me at the Veres Park cul-de-sac.  A parking lot is also available at the senior center, next to the soccer field.

marsh-trail6

When entering from Mona Terrace, I like the fact that you have options. You can choose to go for a short and sweet stroll along the marsh-side path that leads out to Oldfield Road.  Or for a bigger commitment, you can jump onto the wide trail and go through the woods, across the bridge, and past the Meadows condos and Old Dam Road to the end of the trail and back. marsh-trail3

The woods are always peaceful and pretty, but in my view, the vistas along the tidal marsh are where I find my “Zen”.  When it’s high tide, the water winds through the tall grasses, and when the sun hits the water just right, it sparkles through the reeds and tree branches like diamonds! In the summer, the seaside greenery boasts flowers of vivid colors, and a vast variety of birds are busy doing what they do!

marsh-trail5

Last, but not least, if you take the full route to the end, you will get the prize.  What makes this my favorite trail is that it narrows along a little strip of raised land, where you start to wonder where you will end up.  But it leads you to the sweetest of surprises.  The tail takes you to a final destination, where (spoiler alert) you are surrounded on three sides by the water of a tranquil lagoon.  Beyond the edge of the lagoon, to the right, you can see two more waterways.  Old Dam Road flanks the lagoon with Pine Creek behind it.  And behind that, you see Fairfield Beach Road and the Long Island Sound.  Three different waterway views all at once, what a rare treat!   Your dogs can go for a swim, you can take some photos as I’ve done here, and then, you can head back to reality feeling renewed.

tidal-marsh-trail-end

If you have any questions about the rich local amenities in this area and what it means for you, please reach out to me at 203.912.4440, visit my website, or send a note below.  I’m here to help!  Feel free to set up your own search in the meantime to get a feel for what’s available!

-Linda

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Get a Realtor on Board!


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Home Buying Tips In A Tight Market – What can a buyer can do to combat tight inventory?

If you are a home buyer and don’t see many options during your initial search online, make sure you get a Realtor on board to help you.  Get a Realtor on Board!

Even though inventory may be low and declining, there are at least three key actions your agent can take for you.  Make sure your agent knows what you are looking for, the location you want and your ideal timing.

  1. Armed with this insight, the first thing your agent will do is set up a search for you in the MLS. This allows other agents to conduct a ‘reverse search’ for your wish list items that could match a new listing they plan to put on the market.  They can call your agent who will then be among the first to know about the new listing that could be perfect for you!
  2. The next action your Realtor can take is to send an email to fellow agents in the offices around the town where you are looking that asks if they have a possible match coming to the market.  This can encourage sellers to expedite their plans and make their property available sooner than they had originally planned.  It also gets you first dibs on these homes!

Sample letter to homeowners

3. Last, but not least, your agent can write a letter or design a postcard describing your dream home and mail it directly to the homeowners on your favorite street or in the area you are focused on.

 

Sample Postcard

 

 

 

If you are a seller dealing with buyers that are circling and taking no action or facing a complete lack of buyers altogether, there are key action steps you can take too.

So don’t give into a slowing market, surge ahead, get the market to work for you, and make your move!

For questions or help in this market, send me a note using the form below.

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Nothing Like a Great Back Yard on a Holiday Weekend!

My own backyard in the Fairfield beach area is one commonly referred to as a ‘postage stamp’, though it still manages to accommodate our trampoline and numerous get-togethers.  However, some good friends of mine in Westport have a much more spacious backyard with abundant space for fun, games and big-time bashes.  We’ve been to quite a few, with the latest one being Memorial Day weekend 2016!

Hillandale Back Yard and Patio

It turns out, these friends have just moved their social agenda to another gorgeous yard (and home) nearby.

New Home, New Back Yard!

The good news for all of you readers out there is that the wonderful backyard my friends have left now has a brand new house on it that will be ready to support a new source of festivities!

Tucked away just off Turkey Hill South, a new home sits on a quiet country lane cul-de-sac. Carefully designed and finished on four levels, this home will feature elegant transitional style with open flow and ethereal light. Romantic landscaping and plantings surround the level property making it super for entertaining, fun in the sun, and peaceful relaxation.  It is the Hillandale House.

6 Hillandale Lane, Westport CT

6 Hillandale Lane, Westport CT

The builder, Coastal Construction Group, has fine-tuned the art of quality home construction by providing careful attention to site design, layout, architecture, craftsmanship and the right property location. As we all know, a home is more than just the place we live, it’s the foundation for everyday living.  Added bonus?  This home is located four minutes from Green’s Farms station and under an hour from Manhattan!

Take a look at the sneak peek video, and visit the listing online and check out a snapshot of the progress!  Perhaps you know someone who has been weighing the options of renovation versus new construction and this may be a consideration?  If you or a friend may be interested, reach out to me at 203-912-4440 or send a note below.

In the meantime, whether it’s Memorial Day, Father’s Day, a graduation party, or just plain summer fun, here’s to a great backyard barbecue!

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Save Money, Have Fun, Do a 1031!

If you own an investment property and are thinking of selling it to buy a different one (or two), you can do a 1031 Exchange and enjoy great benefits!  What’s so great about it, and how do you do it?

Here’s how it works-

  1. With IRS code 1031, owners can defer paying all capital gains on investment
    property. This means that if you own property used for business or investment, you can sell it and use the proceeds from the sale to reinvest in another investment property of greater or equal value to defer paying taxes on your profit.
  2. You have to declare that you are doing a 1031 Exchange before you close on the sale.
  3. You have to meet the 180-day rule: Investors have 180 calendar days to complete the exchange and close on all intended purchases.
  4. You have to meet the 45-day rule:  Identify up to three possible replacement properties within the first 45 days of the 180 day period. You can also sell multiple properties and buy one big property.   If you identify more than three properties, the total cost of the identified properties can’t be more than twice the value of what you are selling.  If you identify more than three properties and they end up totaling more than 200 percent of what you are selling, then you have to buy 95 percent- worth of the properties you identified in order to complete the exchange. Your replacement property must cost more than the net sale price of your existing investment property for full tax deferral. 
  5. You Must use a Qualified Intermediary (QI) to facilitate the 1031 exchange.  The QI takes care of everything for you including preparing the exchange agreement, handling escrow, and coordinating with the closing agents.  The QI must be a third party to the transaction.  He or she can’t just be an attorney or a Realtor® in the transaction that puts the sale proceeds and funds in an escrow account, nor can the QI be a relative. These are IRS regulations. 
  6. You cannot have access to the proceeds from your sale. It must be held by a qualified third party until it can go directly toward your purchase(s).

And here are six amazing benefits of doing 1031 Exchanges-

  1. You enjoy huge savings on taxes.
  2. You can shelter your earnings in real estate, legally!
  3. You can diversify or consolidate your investment property.
  4. You can gain buying power by reinvesting.
  5. You can create more income to build your wealth.
  6. There’s no limit to the frequency or quantity of 1031 exchanges you can do.
  7. You can have the property(ies) you want to have.

Consider an “equity build strategy” suggested by the Midland company (referenced below) that looks like this:

  • Defer paying up to 25 percent in taxes on your gains.
  • Sell a moderately producing property to buy a higher income-producing property and increase your monthly income.
  • Pay no federal, state, capital gain, or income taxes on the sale of the property.
  • Do 1031 exchanges over and over for a lifetime, and the tax liability will never be passed on to your heirs.
  • Base your strategy on cash flow, and you will have success in any market. The key is to get the highest percentage income on your purchase.  Even if the dollar amount is small, it will grow over time.  For example, if you can sell a property making seven percent cash-on-cash and buy a property that makes 23 percent cash-on-cash, you are well on your way to implementing an excellent equity build strategy!  Equity bulid strategy

It’s a good idea to use a QI that is local or that works in many states and is familiar with the varying regulations and taxes in different states. You want a QI that has experience and is bonded and insured. You also want to look for one that is a member of the National Federation of Exchange Accommodators and that is a Certified Exchange Specialist (CEC).

Here are some resources to get you started:

IPX1031

1031 Exchange Made Simple

Midland Self-Directed IRAs & 1031s

For help selling and locating properties, please reach out to yours truly!

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Fairfield, Westport and Weston: How Do the Schools Compare?

How do the schools compare in the towns of Fairfield, Westport, and Weston? Niche.com grades and ranks all three in the top 20 within the top 100 Connecticut schools based on a range of criteria  Pen and paperincluding the following:

Fairfield
* An average of $18,002 is spent per student, with an annual budget of $185,677,000.
* 93% of students are considered proficient in math and/or reading according to state standards.
* Student-Teacher ratio is 12:1 (national average 16:1).
A+  Academics
A-   Administration and Policies
A+  Educational Outcomes
A+  Extracurriculars
B+  Food
A-   Health & Safety
A-   Resources & Facilities
A    Sports & Fitness
C+ Student Culture & Diversity
A   Teachers

Westport
* An average of $20,694 is spent per student with an annual budget of $118,723,000.
* 96% of students are considered proficient in math and/or reading according to state standards.
* Student-Teacher ratio is 11:1 (national average 16:1).
A+  Academics
A+  Administration and Policies
A+  Educational Outcomes
A+  Extracurriculars
A+  Food
A+  Health & Safety
A+  Resources & Facilities
A    Sports & Fitness
C+  Student Culture & Diversity
A+ Teachers

Weston
* An average of $22,280 is spent per student with an annual budget of $55,232,000.
* 96% of students are considered proficient in math and/or reading according to state standards
* Student-Teacher ratio is 13:1 (national average 16:1)
A+  Academics
A+  Administration and Policies
A+  Educational Outcomes
A+  Extracurriculars
A+  Food
A    Health & Safety
A+ Resources & Facilities
A    Sports & Fitness
C-   Student Culture & Diversity
A+ Teachers

Quite impressive!  The schools also have ongoing comprehensive improvement plans such as the one at Fairfield Ludlow High School that was highlighted for the PTA in a recent meeting.

Click here for a beautiful tour of Fairfield.

What I find to be interesting and a bit misleading is that Westport is ranked 1st, Weston 6th, and Fairfield 20th, despite the very similar scores shown above.  What’s your opinion of the local school systems and rankings such as this?  Feel free to comment below.

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Didn’t Feel Like It, But I Went to Last Night’s Meeting Anyway

Okay truth be told, I really really didn’t feel like going to last night’s Fairfield Ludlowe High School PTA meeting that had been on my calendar since the date was emailed out to all of us.  I was tired, and it was freezing out, and dark, and we just finished dinner after a long day, and the meeting would be long…  In fact, I succeeded in talking myself out of going and finally resolved to skip it- literally the minute before I threw my coat on and pushed my butt out the door!

FLHS-PTA-LogoStar parent, right?  Unfortunately, the reality was that I did not stand alone in these sentiments.  When I got there, only about 10 others were present, including the PTA President, Jim Accomando, Past President, Christine Vitale, Headmaster, Greg Hatzis, VP of Programs, Laura Lawlor, two teachers and a few others!

The meeting was in the comfortable lecture room at the back of the Library, and Greg Hatzis was going to give an overview of the school’s 2016 Improvement Plan.  He had a PowerPoint presentation and handouts prepared for everyone.
joint library picture

As I listened, I was more and more impressed by the comprehensiveness of the plan and ambitious goals as well as the energy and passion expressed by the presenter.  There were so many focus areas to cover, but the determined Headmaster nailed the key points and even gave us a short Parent Beliefs survey to complete, all inside the span of one hour!

I thought the meeting and information were so valuable that the least I could do was share what I could about it.  So I’ve included the three handouts (via the linked text in bold below) and listed what I thought were the main takeaways.  Here are five points that I thought were key from the meeting,

  1. FLHS Improvement Plan 2015-2016 is completely aligned with the District Plan.  It focuses on four core strategy areas and includes a feedback loop of action, evaluation, and continuous improvement.
    1. Instructional Program
    2. Teams/School Improvement Plans
    3. Leadership Capacity
    4. Resources
  2. There are four important Academic Expectations including,
    1. Critical Thinking
    2. Creative Thinking
    3. Communicating
    4. Collaborating
  3. The Marzano FLHS Teacher Evaluation Model is used.  A valuable element of the model is that it focuses on a progression of teaching new knowledge, in-depth use and understanding of this knowledge and then advancing kids to use the knowledge and skills to generate original thinking such as developing one’s own hypothesis.
  4. The new Block Schedule with longer class times is working out great! Although it required teachers to start lesson planning from scratch, it has been instrumental to enabling more in-depth teaching and student understanding of the subjects.
  5. Teachers conduct Curriculum Focus Groups about twice per month. No longer do teachers work in isolation. Now they also learn from and inspire one another- just like doctors and surgeons have been doing for a long time.  Teacher feedback is that they find it exceptionally valuable.

All of this funnels down from the overarching mission of the Fairfield Public Schools:

The mission of the Fairfield Public Schools, in partnership with families and the community, is to ensure that every student acquires the knowledge and skills to be a lifelong learner, responsible citizen, and successful participant in an ever-changing global society through a comprehensive educational program.

In the end, I was so glad I made it to this meeting.  I gained valuable insights about my child’s education as well as the overall the quality of Fairfield’s education system and got to meet some very nice people. Having been so impressed, I’ve since hoped that more parents will come to future PTA meetings.

In the meantime, I’ve been convinced that our kids are in excellent hands! Go Falcons!

Go FLHS Falcons!

Fellowship
Acceptance
Learning
Commitment
Opportunity
Niche
Success

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Winter Open House Tips: Excite, Delight & Invite!

Many people believe that winter is the hardest time of year to try and sell their house. While it’s true that sellers can’t showcase their colorful warm-weather landscaping, there are plenty of other things you can highlight.

The good news about selling in the winter is that the people out looking are typically very serious buyers with a clear timeline in mind for purchasing a home.  Add to this the benefit of less competition to deal with as other sellers wait for the crowded spring market.

One key marketing activity is to hold an open house.  What can you do to make an endearing impression of your fabulous house that offsets any winter doldrums?

Make prospective buyers feel like welcome guests and present your house as though you are hosting a special gathering for family and friends. While your agent highlights all the selling points, the special effort you make will give an enchanting edge toward a special intangible attraction you want buyers to feel that I like to call chemistry!

Start by planning ahead as you would for a big party.

Excite with Winter Curb Appeal
Let buyers see from the street what a warm, charming, romantic and inviting place this will be when they come in.

Consider ideas like a planter or two with colorful evergreen plants and branches, window boxes or hanging baskets.

Winter window box

Image credit: Lea-Ann Vernig

Elegant winter planters

Image credit: settingforfour.com

 

 

 

 

 

 

Charming winter porch display

Image Credit: HGTV

A bench or trellis can add a nice focal point and polished look to an otherwise bare area.  A brightly colored chair and new welcome mat can go a long way toward creating a fresh look. Here are some photos of welcoming winter homes and a historic winter home for further inspiration.

Romantic winter home

Image credit: insidearciform.com

If there’s snow on the ground, a well-shoveled driveway and path are an absolute must. The last thing you want to do is make visitors feel like it’s a treacherous hardship to get to your house, or worse, let them risk injury.  If parking is tight, clearing some space along the street is also a good idea.

Of course, an adorable snowman fully adorned with your most innovative accessories, and maybe an open house sign can help to set the tone!  Consider leaving some outdoor lights on for an added welcoming glow on an overcast day.  On a practical note, you may want to have a basket of booties inside the front door to keep your house clean.

Make it Delightful and Warm Inside
Think about what makes you feel warm and fuzzy when you visit a friend’s house for a winter get together and aim to delight all the senses.

Light a fire in the fireplace or light candles (real or artificial) on a dining room table and in the bathrooms, simmer apple cider with cinnamon on the stove. play some nostalgic music.

Festive fireplace with candles

Image credit: HGTV

Implement some whimsical touches, such as displaying a card game, a recipe book for creative holiday drinks or hanging brightly colored winter scarves or hats on hooks in a mudroom.

If it’s the holiday season, display festive touches with glass, silver, and natural materials for an elegant, romantic look that will have the broadest appeal. Avoid commercial decorations and religious symbols that may distract, turn off or offend some people.

Use photos to showcase key features of the home that may be hidden during the winter such as colorful gardens, scenic views, a furnished deck or patio or beautiful pool.  Show pictures of the house across all seasons.  This can be done with an open photo album or by framing and hanging a few beautiful photos around the house.

Invite the Guests!
Last, but not least, with your preparations under way, your agent can feel confident about promoting your wonderful open house.  They can get the word out near and far with an ad in the paper, special door-hanger invites to the neighbors to come for the first hour, posts to all the social media platforms like Facebook, Twitter, Google+, Instagram, LinkedIn, a published Event on Facebook to which guests can be invited, the date published on all the real estate websites and the MLS, a bulletin in your town’s local Patch.com and on your agent’s blog, and of course, plenty of  signs leading the way!

If you wonder about the benefits of having an open house, take a look at the discussion of “Open House Pros and Cons” and feel free to leave a comment on the page.

If you have more ideas for hosting a magical open house, please share them below!

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CT Post Open House Tips Article


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Home at Okemo!

Exciting news-

For the first time in a decade, a brand new enclave of homes is being built on the sunny side of Okemo Mountain Resort!

In 2014, Okemo Mountain Resort was named the “Best Family Resort in North America” by onthesnow.com.  The last two seasons, it’s been tagged with three more top honors. “Top 10 Resorts” in the East (SKI Magazine), Six Best Places to Buy a Winter Home, (Investopedia), and 10  Best Places for Family Vacations, (familyvacationcritic.com). Okemo’s snowmaking expansion now includes White Lightning and Rolling Thunder at Jackson Gore. This increases Okemo’s snowmaking coverage to 98 percent of its trails. With 655 skiable acres, 120 trails, and “New England’s Best Snowmaking” to ensure fantastic ski vacations, Okemo is the place to be!

Okemo Mountain added the amazing Sunburst Six chairlift providing a quick and comfy trip to the summit with cushy heated seats and a wind-shielding bubble.  The new up-and-running Sunshine Quad is ready to bring snow lovers from the heart of SouthFace Village to the SouthFace Express Quad.

Now Okemo Resort is building the new SouthFace Village!

Here’s a Top 10 List of Impressive Features-

1. LOCATION – Located on the south face of the mountain, residents enjoy first dibs on all the trails with maximum sunshine all day!
2. GATED – The village will be an exclusive gated community.
3. NEW LODGE – It will have its own new lodge with a gourmet eatery, fitness center, indoor-outdoor heated pools and more.
4. SKI-IN & SKI-OUT – With seven new access trails, the residents will enjoy ski-in/ski-out access.
5. 4-SEASONS – SouthFace Village homeowners enjoy nature and the great outdoors year-round while playing golf, hiking, biking, and skiing.

Okemo_summer_golf_72dpi-1030x515
6. SMART – Homeowners will enjoy the perfect setting, every convenience, energy efficiency, top quality craftsmanship and construction, and the best of New England Nordic design by renowned eco-conscious architect/builder, Bensonwood.
7. VALUE – Exceptional value, location, amenities, efficiency, and quality for the price.  Follow the link at the end of this post for more information.
8. AMENITIES – The fully furnished homes make excellent use of space to accommodate the most guests and also feature excellent energy efficiency, covered parking, convenient gear storage, and much more.
9. OKEMO COMMUNITY – Planned by a proven Okemo developer, this enclave will integrate the exceptional new homes with all the bustling programs and services of Okemo Mountain Resort.
10. BRAND NEW! Need I say more?

Sugar Maple, their first residential offering is sold out, but don’t worry, it is the first of nine ski-in/ski-out townhome buildings to be constructed.  Happy homeowners of Sugar Maple will be moving in for the 2017 ski season.  The next offering consists of luxury ski-in/ski-out townhomes, single family homes and two exclusive penthouse residences with private elevator access that will be constructed on top of The Lodge at SouthFace Village.

Click the link below for fresh facts on the exciting upcoming offerings including Tamarack, the single family homes, and The Penthouse. To stay abreast of  SouthFace Village development with updates and photos, follow the link below. Feel free to forward this article to anyone else who may also want to be in the know, or send their contact info when you click the link.
Happy Ski Season!

Ski Okemo

Fun for everyone!

To submit a comment or ask a question about your moving or vacation home plans, send me a note below!

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Okemo Resort Realty, LLC is the Exclusive Marketing Agent for SouthFace Village at Okemo. The photographs and representations included are for informational purposes only and are subject to change, or, may be withdrawn by the developer at the developer’s discretion. This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in any state.  A Consolidated Public Offering Statement for SouthFace Village At Okemo is available from the developer. The developer of this project is SouthFace Village at Okemo Development Company, LLC and is not affiliated with Okemo Mountain Resort or any other entity that is involved with the operation of the ski area.


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What are the Hot Technology Trends in Real Estate?

Six Hot Trends that are Super Cool for Consumers!

Real Estate Technology Trends

Consumer-Friendly Tech Trends in Real Estate

  1. Virtual Experiences – The trend is to showcase properties while delivering consumers

Raveis 3Dan engaging experience that also saves them time. In addition to creative videos, this includes 3D touring, virtual reality, drone photography, virtual staging and even hologram projection of furniture into rooms.  3D tours enable viewers to virtually walk through a property while using their computer mouse to “go” anywhere in the home.  The tool also creates a virtual doll house that lets buyers float through the floors and get an overall feel for the layout, orientation, and flow. Inman News recently talked about virtual reality tours that use special goggles to create an experience close to being there in person as well as gear that projects holograms of furniture into a space to visualize it “for real”.  Last, but not least, busy or far-away consumers can benefit from a live virtual tour via Skype.

  1. Social Media Exuberance – Okay you might have guessed this one, but it shouldn’t be underestimated. Social media can provide a much richer perspective and bring added value beyond what a typical website can offer when evaluating a potential Realtor.  Does the agent share useful information and resources? Do they have a strong presence on multiple platforms including a blog? Do they leverage this presence to promote client listings for maximum internet exposure? Are they creative, resourceful, knowledgeable, personable?  Do they share insights from past customers?  What do they do in their spare time? Many consumers are looking into these types of questions with a simple online search or searches within social media platforms.
  1. Mobile Optimization – Everyone’s on the go! The trend is for people to consume web content on their mobile devices.  Statista.com predicts a 57% increase in global mobile web traffic per year through 2019.  The most recent click reports I received from my e-newsletter show that readers opening the email on a mobile device versus a computer range between 50-70%. Mobile Optimization So more and more real estate websites and blogs are becoming mobile friendly and optimizing for the best mobile experience. Mobile apps are also on the rise.  William Raveis provides a comprehensive Real Estate App. The company has also released a Mortgage App that enables home buyers to start their pre-approval process right from their phone! And hot off the press is the Raveis Open House App that lets guests type in their name, phone, and email and then request a complimentary home value report, mortgage pre-approval and Local Housing e-Newsletter for the town of their choice!
  1. Mortgage Magic – Instead of misery. The complex process is now streamlined with new technology that gives consumers the efficiency and transparency they need and deserve. William Raveis Mortgage addresses the first critical step by providing buyers with a certified loan pre-approval followed by electronic milestone tracking of their loan process that also keeps all the players on track. Borrowers view a bold graphic showing a clear progression of the steps and status across their screen.  The icing on the cake? Sign documents electronically from wherever you are!Real Estate Value Forecasting
  1. Accurate Value Estimates – We’ve all heard of the Zestimate, and most of us are well aware of the frustrations with inconsistent results, incorrect data and inability to correct errors.  “What is my home worth?” is the question people are always asking. Savvy consumers want a quality tool to help them estimate the market value of their property.  William Raveis recently launched the RAVestimate. The interactive technology lets consumers  input specific home improvements and then work with comparable sales data that they select.  The company tested the tool and documented extraordinary accuracy.
  1. Predictive Marketing – Advanced intelligence and predictive modeling to help buyers before they ask are up and coming. Consumer data and predictive analytics will be used to anticipate home buying goals, preferences, and timing.  So in the not-too-distant future, Realtors, lenders, and perhaps the perfect home may be finding the buyer before they even know they are going to buy!
    Real Estate Technology, Predictive Analytics

 

Which trends to you think have the most promise?  What other trends are you seeing that are consumer driven?  From a consumer perspective, what new technology services would you like to see?

CT Post - Real Estate Tech Trends Dec 2015

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