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Rich Carpentieri
9161 Narcoossee Road, Ste. 107
Orlando, FL 32827

407-207-0825
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Family–What Makes Us Stand Together, Makes Us Stand Apart

February 24th, 2015

 

Last week our office joined fellow Keller Williams offices from all around the U.S. for one of our favorite times of year–Family Reunion. It was neat to watch our office building up with excitement in the days leading up to it. We had unexpected visitors from all over the country surprising old friends from years past and it was a sweet reminder of the core values we believe in at Keller Williams. Our culture has created a family that doesn’t let distance get in the way.

 

A few months ago, our office held our first Open House Competition to encourage our agents to rise to their potential. For a month, we challenged our agents to hold the most open houses and generate the most leads. Our agents confronted limiting beliefs and overcame the fears and doubts that so often cripple us from success. The race was a close one and in the end, one of our newer agents came out on top. Marie Simon won the competition with 3 open houses and 45 contacts as a result.

 

What was her prize? A free ticket to Family Reunion!

 

At the moment Marie received the news she had won a free ticket to Family Reunion, her face lit up like Charlie’s must have when he won the Golden Ticket to the Chocolate Factory. I had the opportunity to talk with Marie and ask about her experience, both in winning the opportunity to go and in actually partaking in the event. I was delighted to see the child-like glow had yet to fade and at the very mention of Family Reunion she was flooded with gratitude and delight.

 

The following is the conversation we had together:

 

Me: So Marie, take me back to the moment you won the free ticket. What was going through your head?

Marie: I was so excited I won! The only thing going through my mind at the time was, “Yes! I won, I won! I’m going to family reunion! I won!”

 

Me: Describe your experience at Family Reunion. What do you remember most?

Marie: I loved my first Family Reunion. I remember first looking at all the people and classes and thinking, where do I even start? The thing that I remember most is Gary Keller’s Vision speech where he laid out what we can expect in the Real Estate Market on a national level. It was very informative and inspiring! Also, the Wednesday brunch with Mo Anderson–I don’t think there was a dry eye in the room. There were so many inspirational and motivational stories shared. Sorry, I cheated! There were so many great things that I couldn’t pick just one!

 

Me: What was your biggest take away from the whole experience?

Marie: Think a million then make a million, to receive a million. The last step is the ability to give back to my community. Giving back is IMPORTANT!

 

Me: What advice would you give someone going to Family Reunion for the first time?

Marie: Be prepared to take lots of notes! You are going to get so many great ideas that will help take your business to the next level. Choose a few that you can incorporate once you get back. Also, have a 30 second elevator speech ready so you make some great connections with other agents out of town. You want to connect with great agents that you can trust your clients to when they are looking to move out of town. The agents you meet at Family Reunion can be great sources of referral business in the future!

 

Speaking with Marie was an honor. Her joy and gratitude are infectious and serve as a persevering reminder that what we have here at Keller Williams really is family.

We hope to see you next year!

A shot of our big family at Family Reunion!

A shot of our big family at Family Reunion!

Top 10 Markets for Commercial Real Estate

March 8th, 2014

 

 

The top markets for commercial real estate have been announced, ranking more than 80 markets on the performance of their office, retail, and multi-family sectors. Also factored into its rankings are changes in vacancy rates, rental rates, population, and unemployment from 2012 to 2013 within each market.

 

Keller Williams Lake Nona is growing their Commercial Division, and it is not a moment too soon! Orlando has been announced as the number one commercial market in the country!

Using those factors, the following top 10 commercial markets in the country in 2013 have been identified as:

  1. Orlando, Fla.
  2. Portland, Ore.
  3. Dallas, Texas
  4. Houston, Texas
  5. Minneapolis, Minn.
  6. San Diego, Calif.
  7. Austin, Texas
  8. Raleigh-Durham, N.C.
  9. Fort Worth, Texas
  10. Denver, Colo.

View the full list and breakdown of ranking for each commercial sector.

 

For all of your Commercial needs, visit our website or call Keller Williams Lake Nona at 407-207-0825 to connect with a local specialist in our KW Commercial Division!

 

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5 Must-Haves of Millennial Buyers

February 14th, 2014

 

 

Millennials, those born between 1980 and 2000, are the second-biggest segment of home buyers, behind Generation X (those born between 1965 and 1979), according to a 2013 National Association of REALTORS® study about generational housing trends.

 

Real estate professionals share some “must have” features that tend to be in high demand among young buyers. Some of those “must haves” include:

 

1. Updated kitchen and bath: “The primary reason young buyers seek updated kitchens and baths is because they have limited budgets,” says Jack Curtis, a real  estate professional in Dublin, Ohio. “Most of their savings will go toward the down payment and furnishings. Kitchens and bathrooms are also the most expensive parts of a home to update, and young home owners cannot afford to sink a lot of money into those areas.”

 

2. Big kitchen with an open floor plan: “The kitchen has become the hangout room along with the family room,” says Lou Cardillo of The Lou Cardillo Team in Yorktwon Heights, N.Y. “An open space that can easily transition from kitchen to TV room is high on the list of the perfect home for young buyers. In essence, the kitchen is the new living room.”

 

3. Home office: “As technology continues to make us more mobile, young buyers have more options than ever to work from home, depending on their job,” says Paige Elliot, a real estate professional with Dave Perry-Miller & Associates in Dallas. “Having a dedicated space is important because it will help keep them focused and concentrated on work while they are at home on a Skype call, planning a presentation, setting up their workday or simply paying bills.”

4. Location: “My young buyers look for properties that are in proximity to public transportation and that have a good walking score,” says Allison Nichols, a real estate professional with Related Realty in Chicago.

 

5. Technology: A home’s appeal can be increased if it has a strong mobile carrier’s signal or its list of Internet service provider options, says Cardillo. “Internet and cell service matters a lot to this generation, and they’re going to ask, so you need to have answers,” Cardillo says.

 

See the full list of must-haves at ABC News.

 

If you are interested in finding your home with these features, call us today at 407-207-0825 to speak to a Real Estate Professional!

 

Keller Williams Lake Nona, launched in 2011, has 157 real estate agents and is located at 9161 Narcoossee Rd. Suite 107, Orlando, FL 32827.

 

 

 

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February 6th, 2014

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BOLD 1,000 Challege… Accepted

December 31st, 2013

At Keller Williams Realty, we have a seven week program called BOLD, Business Objective: Life by Design. Over seven weeks, BOLD conditions agents with powerful mindset exercises, language techniques, business-building strategies and live lead generation activities. One of the lead generation activities that many agents strive for is called the “BOLD 100”. This is when a single agent meets 100 new people in one day. This is a very difficult task to accomplish, and many agents fall short of the goal. One of the Seven BOLD Laws is “Success is simple… not easy“. Tim Ramos, real estate agent at Keller Williams Lake Nona was ready for success in a big way, and he was prepared to take the challenge!

 

Tim Ramos started with a single question… “Has anyone done 1,000 contacts in one day?” His Team Leader, Rich Carpentieri, did not have the answer, so he went to the BOLD instructor, John Prescott. When the question was posed to John Prescott, the answer was “No, why do you ask?” Rich immediately brought Tim to the front of the room of 115 attendees, and stated, “My agent, Tim Ramos is going to get 1,000 contacts in one day”.

 

The heat was on, and Tim now how to think up a way to get 1,000 contacts in one day. His first thought, as he lives in Orlando, FL was to stand at the gates to Walt Disney World and work his magic. When the logistics of the security at Walt Disney World prevented him from achieving his first goal, he quickly came up with a second. According to state records, there are 249,562 people who live in Orlando, why couldn’t he meet them where they live, work, and shop? So he prepared to hit the pavement and start handing out his business cards.

 

He ordered 1,000 business cards and separated them into stacks of 100, thus making his goal seem more attainable and less overwhelming. With the support of family and friends, he got up at 4:15am, sat in his home office and looked at his dream board. (A board that he has on his wall that represents all of his personal and business goals). He listened to the same motivational speech that he listens to every day; “Pain is Temporary” by Eric Thomas. in BOLD, he is taught that the right mindset can allow you to achieve anything you set out to accomplish. This was the biggest feat he had ever attempted and he was ready for success!

 

He started at local shops like Home Depot, Publix (the local grocery chain) and Walmart. After lunch, he stopped by The Florida Mall. With more than 20 million visitors per year, The Florida Mall is the largest shopping mall in Central Florida. If he was going to meet people, this was the best bet. After a grueling day, he had 30 business cards left. Not one for failure, he headed to a well known spot called “The Loop”, one of the biggest strip malls in the immediate attractions district. At 7:30pm, he handed out his last card.

 

It had taken him 12 hours, but he had done it, he had met the BOLD 1,000 Challenge head on, and came out victorious! During his one day of lead generation, he received 1 commercial lead, 3 buyer leads and 1 multi-property investor lead. In the 24 hours since, his phone has been ringing non-stop. You can watch his story here.

 

Tim Ramos is a real estate agent in the Lake Nona area of Orlando, FL. He is in the business of making dreams come true, so when you are ready for your dream home, visit his website or email him at ramostimmy1@gmail.com.

 

Keller Williams Lake Nona Market Center, located at 9161 Narcoossee Rd Suite 107, Orlando, Fl was established in 2011 and has 149 associates.

 

To learn more about Keller Williams Realty, call Rich Carpentieri at 407-207-0825 or visit our website. 

Home Ownership is Key for Returning Military Troops

December 3rd, 2013

 

 

For 75 percent of military families, owning a home is one of the most important things to accomplish upon returning from service, according to a Century 21 survey. Harris Interactive conducted the study of more than 400 responses of military members or spouses.

 

“Home ownership is a top priority for many, but is especially significant to those returning from a tour of duty,” says Rick Davidson, president and CEO of Century 21 Real Estate.

 

Eighty-eight percent of veterans said that owning a home makes them feel safer. Vets also say they have a strong desire for home ownership because they want to own their own residence (73 percent), establish a household (43 percent), and have financial security (36 percent). 

 

However, only 33 percent of military families say they look for a home within a year of returning from active duty. The biggest obstacles reported were the price of homes, the inability to come up with a down payment, and personal savings.  

 

For those who do a begin a home search, vets and their families report space—in terms of number of bedrooms and bathrooms—is more important than other specific features in finding the perfect home. Storage space, amount of square footage, outdoor space, and an updated kitchen were cited as the most important amenities. 

 

Some real estate professionals have made a niche out of helping to meet the relocation needs of military members and their families. The Center for Specialized REALTOR® Education recently launched a Military Relocation Professional certification, a one-day program for NAR members to gain the knowledge and skills to better serve military members and their families in relocations. 

 

To find your local Military Relocation Profession, call the Keller Williams Lake Nona office today at 407-207-0825, or visit our location at 9161 Narcoossee Rd. Suite 107, Orlando, FL 32827. The Keller Williams Lake Nona office has 142 agents, and has been open since 2011. For more information about the Keller Williams Lake Nona office, visit our website!

 

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Make an Offer That Sellers Can’t Refuse

November 10th, 2013

 

 

With shrinking inventories, many home buyers are finding only competitive offers will win them the house they want. A recent article by Kiplinger’s Personal Finance highlighted several ways that home buyers can make more competitive “irresistible” offers.

 

1. Be preapproved: About three or four months before home buyers even shop for a home, they should review their credit reports to make sure they’re accurate and take short-term steps to improve their credit score, says Michael Corbett, author of Before You Buy! Corbett says buyers then should get a bank’s preapproval. While that won’t guarantee they’ll get the loan, it shows sellers that a lender has verified the buyer’s income and credit score to determine that she can afford payments on a mortgage for a certain amount.

 

2. Don’t lowball: Buyers may only get one chance to get the home they want in a competitive market. They may not get a second try to sweeten the deal later, so a lowball offer the first time around could cause them to lose out. Buyers should use sales prices of comparable properties in the neighborhood to submit their best offer the first time around.

 

3. Consider an escalator clause: These purchase contract clauses are becoming more popular again. This is when the buyer agrees to increase their offer if there’s a higher bid from another buyer.

 

4. Add earnest money: The extra deposit can show sellers how serious the buyer is. Some buyers may even double the amount that the seller requests to show their commitment in purchasing the home.

 

5. Keep contingencies to a minimum: Sellers prefer no contingencies, but buyers want to protect their interests too. “Offset a financing contingency with preapproval and a strong earnest money deposit,” Kiplinger’s Personal Finance reports. “If you have enough cash, temper an appraisal contingency by assuring sellers that if the appraisal comes in lower than the purchase price, you’ll pay the difference or split it with them (up to a certain amount).”

 

6. Write a letter: Personal love letters about the home addressed to the sellers are winning over some hearts lately. The letters tell the seller about the buyer (e.g. “We’re relocating from …”) and what drew the buyer to the home (e.g. “We especially love …”).

 

If you are in the process of searching for your dream home, don’t just keep your fingers crossed and hope your offer will be accepted, call a Keller Williams Agent today!  Keller Williams Lake Nona Market Center, located at 9161 Narcoossee Rd Suite 107, Orlando, FL was established in 2011 and has 142 associates.

 

To learn more about Keller Williams Realty, call Rich Carpentieri at 407-207-0825 or visit our website.

 

 

More Banks Offering Up Loans for 5% Down?

November 8th, 2013

 

 

For the last few years, buyers have been hard-pressed to land a mortgage if they didn’t have a 20 percent down payment, unless they turned to the Federal Housing Administration’s low down-payment loans.

 

But a growing number of banks are now offering loans with just 5 percent down, CNNMoney reports. For example, Bank of America, Wells Fargo, and TD Bank are among the banks reportedly offering mortgages with down payments as low as 5 percent.

 

TD Bank is offering a “Right Step” loan product that allows borrowers to get a loan with a 5 percent down payment while also allowing borrowers to get up to 2 percent of the sales price as a gift from a relative or third party. In actuality, then, borrowers would only need to come up with a 3 percent down payment themselves.

 

Banks that are offering 5-percent down payment loans, however, are requiring borrowers to purchase private mortgage insurance. Borrowers will have to keep PMI until they build up 20 percent equity in the home.

 

If you want more information on this new phenomenon, contact Synergy Mortgage Services located in Oviedo, Florida. Keller Williams Lake Nona has partnered with Synergy Mortgage Services for the past three years. Synergy Mortgage works with a variety of lenders that offer loan products and terms to fit your needs whether you are purchasing or refinancing your primary residence, vacation home or investment property.

 

Source: “Banks Offering Mortgages with Only 5% Down Payments,” CNNMoney (Nov. 5, 2013)

 

 

 

Low Down Payments

Over 2,700 New Homes Coming to Orlando

September 27th, 2013

<ORLANDO, FL> Lennar Homes and Moss Park Properties will team up to build 2,752 new homes in an area being annexed by the City of Orlando.

 

The property is nearly 1,300 acres just south of the Beachline Expressway, between State Road 417 and where Dowden Road currently ends. The property is close to 20 miles away from the city’s center, but Orlando Mayor Buddy Dyer says it is perfect for annexation into the city, because of its proximity to Lake Nona, Orlando’s southernmost neighborhood.

“We’re protecting the investment we’ve made in the Medical City and the Lake Nona area.”

One of the other big benefits will be the completion of Innovation Way. The road will connect Alafaya Trail with Lake Nona without having to take toll roads. Both Mayor Dyer and the Commissioner for that district, Jim Grey, agree that the desire to build so many homes is a good sign for the area economy.

“It’s certainly an indication that the economy has come back,” said Dyer.

 

“I think clearly the residential piece of the economy is improving,” Grey added.

Part of the appeal for Mayor Dyer is getting homes closer to the cluster of businesses in Lake Nona known as Medical City.

“What’s important about developing housing in that area is that the jobs are going to continue to grow. That’s the biggest growth area of our city in terms of both jobs, and eventually residential, so we want houses that are approximate to all of those thousands of jobs that are being created.”

The project also includes more than 1.3 million square feet of office and commercial space.

 

To learn more about purchasing one of these properties, whether it is residential or commercial, contact Keller Williams Lake Nona at 407-207-0825 or visit our website to speak with an agent today!

 

New Home Construction

3 Million New Home Owners Could be on the Horizon

September 25th, 2013

The National Association of Hispanic Real Estate Professionals estimates that immigration reform could bring an estimated pool of 3 million new home owners into the market. The nonprofit trade association estimates that current legislation proposing to give legal status to some immigrants has the potential to generate $500 billion in real estate transactions over a five-year period.

 

Current legislation calls for the legalization of some 11 million undocumented immigrants who arrived in the country before Dec. 31, 2011.

 

“Foreign-born householders have a high value and strong desire for home ownership,” says Juan Martinez, NAHREP president. NAHREP leaders have been advocating for immigration reform that would create a path to citizenship for undocumented immigrants.

 

NAHREP research projects that home purchases made by 3 million legalized immigrants could pump about $180 billion in additional consumer spending into the economy.

 

“Immigration reform would unleash pent-up demand for home ownership by millions of undocumented immigrants,” says Alejandro Becerra, a former senior housing fellow and researcher. “It would help re-establish home ownership as a driving force in building wealth and accelerate the recovery of the nation’s economy.”

 

Keller Williams Lake Nona’s KW Español division has agents who specialize in finding the perfect home and helping home owners sell their current home for those whose first language is Spanish. For more information, call our office at 407-207-0825 or visit our website.

 

Source: National Association of Hispanic Real Estate Professionals

 

New home Owner