HouseHunt Network

A Blog for Real Estate Agents

Month: April 2010

Gallagher Husband & Wife Team Named To HouseHunt’s National Hall of Fame

By Jaime Westman

We’ll end our week of highlighting a few our new hall of famers (don’t worry, we’ll be back with more profiles on our most recent class soon!) with Alexia and Bill Gallagher, a top producing team for Keller Williams Realty Atlanta Partners Realty in Suwanee, GA.

Like all of our 59 other Hall-of-Fame members, the Gallaghers have proven that they are experts at handling the needs of online customers and have utilized the proven success system to its full capabilities.

Our Hall-of-Fame members have all closed a minimum of $17 million in sales and/or a minimum of 100 transaction sides in HouseHunt-related business generated solely from their exclusive territories.

The Gallaghers are exclusive HouseHunt member-agents for Suwanee, South Forsyth County and Cumming, GA, in the northeast Atlanta Metroplex.. They attribute much of their success to the HouseHunt marketing system and consumer-related programs that enables them to respond quickly and meaningfully to the needs of their customers.

“I would say that we are currently getting 80% of our business from HouseHunt,” Alexia said. “We have a great Internet presence and get tons of customers from them.”

For more information on the Hall-of-Fame, click here.

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Hinrichs and O’Reilly Named To HouseHunt’s National Hall of Fame

By Jim Droz

We continue our week of highlighting our 2010 Hall-of-Famers with celebrating the success of Steve Hinrichs and Jean O’Reilly, a top-producing real estate sales team with Edina Realty in Maple Grove, MN. We’re excited and proud to have them join the ranks of our near sixty member Hall-of-Fame!

Steve and Jean have embraced the HouseHunt model and have shown their ability to work with and close customers generated online. Heinrich and O’Reilly attribute much of their success to the HouseHunt marketing system and consumer-related programs enabling them to respond quickly and meaningfully to the needs of their customers.

“People are nervous right now, not sure of their jobs.” Hinrichs says. “We believe in being totally honest and forthright with them.”

He estimates that 10-12% of their business comes directly from HouseHunt leads and contacts and both Hinrichs and O’Reilly are strong advocates of establishing and maintaining good communication with customers, both current and past.

For more information on the Hall of Fame, click here.

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Barry Newman Joins Hall of Fame

By Jaime Westman

On the blog this week, I want to spend some time highlighting our HouseHunt agents who’ve earned their way into our Hall of Fame, beginning with Barry Newman, a top-producing Realtor for Century 21 M.B. in suburban Chicago. He is one of 24 member-agents named this year and joins an elite group of 59 member-agents to be honored since the the Hall of Fame began in 1995.

It takes a special member-agent to handle the needs of buyers originating from the Internet and Barry has certainly demonstrated his expertise in this category. This recognition also validates the HouseHunt business model by promoting one individual agent as the real estate expert in their community. Plus,

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Latest HouseHunt Survey Finds Evidence That U.S. Housing Market Has Bottomed

By Jim Droz

Strong evidence that the market has bottomed and that a more balanced housing market is emerging in many parts of the U.S. can be found in the latest HouseHunt Current Market Conditions survey data reported during the first quarter of 2010. Although uneven, the results show prices have stabilized after steep declines over the past two to four years and in some cases are actually appreciating despite the drag of foreclosures, short sales, job uncertainties and reluctant lenders.

Perhaps the most positive news is that the buyer-seller ratio is almost dead even in HouseHunt’s national random survey of member-agents. Also important, repeat buyers now represent 50% of all transactions with first-time buyers when investors are factored into the equation. Three months ago, repeat buyers accounted for only 34% of home purchases. The normal ratio is two-thirds repeat buyers.
Improvement is also seen in the average time needed to sell a home. Fifty-two percent of HouseHunt’s member-agents report that their customers received 95 to 100% of their asking prices. Another 35% said they received more than 90%.
“From the member-agents I talk to, there seems to be a sense the market has hit bottom and sales activity is continuing to pick up,” observes Michael Bearden, president and CEO of HouseHunt, Inc. “Business is by no means easy but is getting better and more reliable. Our lead flow remains good with plenty of interest in real estate. Consumer demand is building, especially from repeat and move-up buyers. The federal $8,000 and $6,000 first-time buyer tax credits approved by Congress last year were strong motivators for fence-sitters to do something. Any increase in current mortgage interest rates could stimulate additional buyer activity this summer and fall.”
When individual member-agents were asked if the housing market has bottomed in their communities, their opinions ranged from “yes” to a flat “no.” A majority of them agreed that more personal contact with customers is needed, both by phone and by e-mail, to meet changing market demands. Here’s a sampling:

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