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More and more, what I really want to know is this: Why did you want to become a Realtor?

During the past year as I've made the transition from agent to broker-manager/co-owner I have become much more involved with the day-to-day drama of agents and I am continually interviewing new licensees looking for a place to call their 'real estate home'.  And I really want to know, why this?

Money, of course, is a frequent motivating factor -- after all this is supposed to be an income-producing activity.  But I think for most of us, there's something else that brought us to the land of open houses and photo business cards. Or, at least, there's more that keeps us here.

I got my license in 2002 after never having worked in sales and wondering what I was getting myself into.  I was determined to be successful but uncertain what it would take to get there -- and maybe a little frightened.

I will always remember a dear friend emailing to congratulate me on my new career path.  She said, 'Shelter is one of the most primal needs we have and you are helping people find not just shelter, but home.'  She suggested that this was a kind of spiritual calling. 

It was a powerful context for what I viewed simply as a mid-life career change brought on because I didn't want to commute to Manhattan to continue working in my then-career, television production & design. 

Truth be told, my neighbor sold his house and said that all his agent did was stick a sign in the ground and collect a substantial paycheck.  I thought, "Surely I can do that!"  And suddenly, a new real estate agent had earned his lockbox key.

But since then, I've realized that my friend was right. Being a real estate professional is a sort-of calling. (If there are any car salesmen in the room, I'll kindly ask you to step outside until you've stopped chortling.) 

Think about it: We engage people in their most private realms. We know the secrets, fears, and aspirations of strangers.  We are welcomed into the dark and sometimes shameful shadows of our clients' brokenness: divorce, financial ruin, dire health prognoses, the death of a family member... there are so many reasons people come to us to sell their homes.

Thankfully, the reasons are also often uplifting: new unions, new babies and job promotions.  But frequently they're heartbreaking -- especially in these times. 

In either case, the reasons are deeply personal and our entry into this intimate space, I think, needs to be informed with respect and humility.

So here I am, asking you -- with a special plea to restrain any soap operatic knee-jerk responses that this question may provoke -- and request that you simply respond with truth... aside from hoping to earn an honest living, Why Did You Become a Realtor?

As a profession, I think we take a good deal of abuse because of a relatively small number of agents who behave without ethics or caring.  I am proud to say that the vast majority of agents in my marketplace are trustworthy, honest and deeply caring individuals whom I am proud to call my colleagues, and many, my friends.

Whatever may have brought me to this career, I can honestly say now that I am humbled by the stories of all those I have encountered: those looking to start anew, those hoping to repair or escape a living situation that simply was not working, those eager to begin a new chapter in their life. 

What a small and insignificant role to play in the lives of others, and yet, one so vitally important.

Wanna buy a house?   Or shall I say, How may I help you build a bridge to that next place where you will experience your life?  'Cause that's what we do.

Let's hear it.  I really want to know:  Why did you become a Realtor?


-------------------

Thomas McCormack
Broker-Manager/Co-Owner
Resources Real Estate

Looking to move to Monmouth County NJ. Search for new homes at my website.

 

Many towns in eastern Monmouth County are showing significant single-family unit sales gains year-to-date relative to last year during the same period.  While the county overall is down 5.3% here are some of those towns that are "in the black" as of today:

  • Fair Haven: up 38.6%
  • Monmouth Beach: up 33.3%
  • Rumson: up 14.2%
  • Highlands: up 11.7%

Looking for a new home in Monmouth County? Visit my website for full search capability.

 

Resources Real Estate single-family volume sales are up 12% year-to-date compared with last year during the same period!  Congratulations to all those agents who continue to push thru and get the job done!

 




120 Ocean Blvd
Atlantic Highlands, NJ 07716
Spectacular Waterviews!

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Thomas McCormack


Office: 732-212-0440 X212
Mobile: 732-241-5695
Website: Visit Website


Price : $1,890,000
Bedrooms : 4
Bathrooms : 4
County : Monmouth
Property Type : Detached
Year Built : 2009
MLS Number : 21034256



click for more information and pictures

Property Description
Truly spectacular waterviews from almost every room! Newly-built home provides the perfect remedy for your otherwise stress-filled life. With 4BR/4BA youll have space, comfort a new-found love for waking up! Open floor plan means never being left out of the party. Designed for entertaining, this home is functional & beautiful! Master suites on both flrs offer ultimate flexibility. Walkout basement w/ 10 ceilings offers even more possibilities. Walk to NYC ferry & town. Minutes to beach.

Words cannot accurately describe this special residence, so please call Thomas McCormack, Sales Associate at Resources Real Estate, to schedule a private viewing at 732-212-0440 x212. Be sure to see the additional photos in the photo gallery.

You can also visit www.ThomasMcCormack.com for additional photos & information of this listing and to search other homes including those that may not be listed on Realtor.com.

And be sure to download your FREE Mobile MLS Phone App so you can search all of Monmouth/Ocean MLS right on your phone! Or visit http://mobile.smarteragent.com/resources/thomasmccormack/ and enter your phone number
Equal Housing Opportunity.
Resources Real Estate : 112 East River Rd. - Rumson NJ 07760 : 732-212-0440 X212
 

I think most agents who have been around awhile would agree that pricing correctly is key in both getting the property sold and getting your client the highest return. For that reason, one of the statistics that I especially pay attention to is the list-to-sale price ratio which is the difference between the asking price and the closed price.

This statistic is very telling and of use to both buyers and sellers.  Basically it helps you understand if an offer is worthy of serious consideration.

I have had many buyer clients in the past few years who think that an offering price of 20% off asking is totally reasonable.  When they hear that the market is down 25-30% from the high they assume that the current asking prices are inflated by those percentages.  When I give them accurate data on what the average list-to-sale price ratio is they are better able to put together an offer that they can negotiate and have a chance of getting accepted.

Similarly, with sellers it's important they understand this statistic as well. It is especially important to introduce these stats when first pricing the home, so there's a clear understanding of the potential range of offering prices and how to recognize an offer that should be considered and not rejected outright.

If you are pricing correctly, this statistic for your business should clearly reflect it.  I'm pleased to say that in 2010 Resources Real Estate had a list-to-sale price ratio of 95.79% in 2010 for our sellers while the average list-to-sale price ratio for all Monmouth County real estate companies was 93.52%. That's a difference of 2.27%!  For a $1 million dollar home sale, that's a savings of almost $23,000 that we provide our clients!

And so far this year we're doing even better with a list-to-sale price ratio of 97.59% thru February!

Resources Real Estate also has one of the highest average sale prices of any company in northern Monmouth County so we know we're not underpricing either.

So whether you are an agent, home buyer or seller, take some time to understand this statistic and use it to better understand the market, no matter where it's at.


Thomas McCormack
Broker-Owner
Resources Real Estate
112 East River Rd | Rumson, NJ | 07760
732-212-0440  www.thomasmccormack.com

Find your next dream home in Monmouth County, NJ!

 

 

Monmouth County Sales Stats
Year-to-Date Sales Are Up

Year-to-Date (Jan 1st thru Mar 6th) Monmouth County, NJ, single-family sales show a 2.29% increase over the same period last year.  That's a big jump from last week.

I'm hopeful we'll be seeing a strong spring market this year.  Between the great values (prices are down!) and the great interest rates (rates are down but soon to go up!) we're definitely seeing new activity in the market. 

Best of all, many of the buyers I've encountered of late are all relocation clients meaning someone is hiring them!  My strong feeling is that as the job market strengthens so will real estate sales.  All in all, I think 2011 is off to a strong start!

Thomas McCormack
Broker-Owner
Resources Real Estate
112 East River Rd | Rumson, NJ | 07760
732-212-0440  www.thomasmccormack.com

Find your next dream home in Monmouth County, NJ!

 

Since joining Resources Real Estate in 2002, I have tried to provide a perspective to my customers and clients that is both thoughtful and accurate.  I have also tried to focus on the positive things around me, leaving the negativity to others who seem to revel in doom-and-gloom. 

Since coming on board as co-owner in September with additional responsibilities in managing our Rumson office, I have tried to instill this attitude and discipline among our team of agents, as well.  Every Monday morning (with the exception of yesterday due to the distraction of clearing 2.5 feet of snow from my driveway) they've received an email with positive and current stats that reflect encouranging news in our marketplace - Monmouth County.

The impact of my "Monday Morning Mojo" has been very real as I've seen a number of agents engage in their business in a new and upbeat way.  To be able to discuss current sales trends with accuracy and clarity is a powerful thing... it heartens the agent who has felt beaten down by the market and helps them communicate to their clients and friends that, in general, our market is improving

There's a real hunger for signs that this economic downturn will pass.  Just recently i was at an event where someone asked how the market was doing.  When I told him that sales in Monmouth County were up from 12 months ago I thought he was going to hug me. And because the stats from my last "Mojo" were still in my head, I was even able to provide specific percentages.  He was impressed - and his house isn't even on the market.

"Finally, someone with some good news," he said. "I'm so sick of everyone telling me how terrible things are."  He asked for my card and wanted to know more about my company.  I was clearly providing him with welcome encouragement.

As we move into 2011 I hope all of us can resist the temptation to dwell on all that is wrong and look with hope toward things that are right, or at least, show some signs of moving in that direction. 

Thomas McCormack

Broker Owner

Resources Real Estate  |  112 E River Rd  |  Rumson, NJ 07760  |  732-212-0440

www.ThomasMcCormack.com

Search for your new home in Monmouth County, New Jersey.

 

Much of this year we have been seeing that the strongest portion of the market -- the one with the most significant rebound gains have been in the high-end. 

Luxury home sales have been showing big increases much of the year and this continued thru November.  Year-to-date sales of single-family homes between $1. 5 - $2 million are up 22%Above $2 million that increase jumps to almost 31%.

Thomas McCormack
Broker Owner
Resources Real Estate  |  112 E River Rd  |  Rumson, NJ 07760  |  732-212-0440
www.ThomasMcCormack.com

Search for your new home in Monmouth County, New Jersey.

 

Monmouth County single-family home stats for the 12-month period ending in November compared with the previous 12-month period:

  • Dollar-volume are up almost 8% (+)
  • Unit sales are up almost 4% (+)
  • Average sale price is up almost 4% (+)
  • Median sale price is up 2.5% (+)
  • Available inventory is up 6% (-)

All in all year-end unit sales will probably end up flat relative to last year but the strong rebounding portion of the market is the luxury end... year-to-date sales of homes between $1. 5 - $2 million are up 22%, above $2 million that increase jumps to almost 31%.

 

Thomas McCormack
Broker Owner
Resources Real Estate

112 E River Rd  |  Rumson, NJ 07760  |  732-212-0440
www.ThomasMcCormack.com

Search for your new home in Monmouth County, New Jersey!

 

Monday Morning Mojo graphicResources Real Estate Sales Up Across All Categories
Highest in Three Years

Resources' overall unit sales (across all categories: SF, condo, AC, rental, etc.) for the 12 month period ending in September are up 21% over the previous 12 month period.  In fact, it's the highest it's been in three years!

Dollar volume is also up.... 90% for the same 12 month period vs. previous 12 month period... also the highest it's been in three years!

 

 

 

Monmouth Sales are Up!
Volume Up Over 17%

On the county level, Monmouth County unit sales (across all categories) are up over 11% for the 12 month period ending in September over the previous 12 months.  That too is the highest it's been in three years.

Dollar volume is up 17% for the same 12 month period vs previous 12 months... the highest in two years.

 

Thomas McCormack
Broker Owner
Resources Real Estate ~ helping you find your next home in Monmouth County!

 

 

 
 
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Thomas McCormack

Rumson, NJ

More about me…

Resources Real Estate

Address: 112 E River Rd, Rumson, NJ, 07760

Office Phone: (732) 212-0440 x 212

Cell Phone: (732) 241-5695

Email Me

Monmouth County NJ with a special focus on the Two River area.





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