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Understanding Real Estate Designations

imagesNorris & Company brokers and associates remain in a constant state of learning to bring innovation and fresh solutions to every real estate transaction. Those letters that frequently appear after a Realtor’s name mean that he or she has invested the time, energy and financial resources to offer clients an advanced level of knowledge and skills. The designations represent specialized training in a specific aspect of the industry or in marketing luxury properties.

So what do the designation letters represent? Here is a descriptive list offered by the National Association of Realtors and its affiliates:

ABR® – Accredited Buyer’s Representative

An ABR designated agent focuses on working directly with buyer-clients at every stage of the home-buying process. They are trained to thoroughly represent buyer-clients in real estate transactions and provide the quality of service and degree of fiduciary responsibility that sellers have customarily received.

ALHS -- Accredited Luxury Home Specialist

ALHS agents are members of an elite group of exceptional and dedicated real estate professionals. As a testimony to their commitment, these high caliber agents subscribe to The Luxury Home Council's strict guidelines that demonstrate the agent's expertise in this highly demanding segment of the real estate marketplace.

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Home prices increase while inventory drops

In a Wall Street Journal article dated today, writer Nick Timiraos reports that home prices are rising nationally while there are fewer homes on the market. He sites a report released yesterday by CoreLogic, a leading provider of information, analytics and business services. As posted on this blog on June 13th, we have seen inventory steadily decrease here in Indian River County.

Click here to read the CoreLogic June Home Price Index.

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Inventory is Dropping!

The graph below depicts the number of months it would take to sell the existing residential listings on the market, May 2010 through May 2012. Inventory is down 75% from where it was two years ago. We now have approximately 5.6 months of inventory where two years ago in May, we had approximately 22.6 months. What does this mean? Now is a great time to Sell since there is less competition in the marketplace. Conversely, now is a great time to Buy as home prices are just now making an upward turn and mortgage rates are still low.

Click on graph to enlarge.

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Housing on the Rebound!

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Website Quality Certification Awarded to Norris & Company

Vero Beach, Florida(February 15, 2012) – Norris & Company Real Estate has been awarded the 2011 Website Quality Certification (WQC), presented by Leading Real Estate Companies of the World® to member companies that have demonstrated excellence in website design, functionality and execution. Every aspect of the site, www.norrisandcompany.com, was reviewed to ensure exacting standards were met in six key areas, ranging from design and content to human interactivity to search engine optimization.  The WQC was introduced in 2009 to recognize and encourage superior websites among Leading Real Estate Companies of the World’s 550 member firms. “With so many people going online to obtain information on homes, communities and everything relating to home buying and selling, it is vital for a real estate firm to have a current, easy-to-use and relevant website,” notes Pam O’Connor, president/CEO of Leading Real Estate Companies of the World®.  “By earning the Website Quality Certification, Norris & Company Real Estate has demonstrated that it offers fundamental online resources to home buyers and sellers, which are further supported by the expertise only a dedicated real estate professional can provide.”   About Leading Real Estate Companies of the World® Leading Real Estate Companies of the World® (www.LeadingRE.com) is the largest network of top independent local and regional brand-name brokerage firms in the residential... Read More

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Norris & Company Announces Top Producers for 2011

Congratulations Norris & Company 2011 Top Producers!... Read More

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Mark Seeberg Joins Norris & Company

Norris & Company Real Estate is proud to announce the addition of Mark Seeberg as their newest agent. Mark is a full-time agent assisting both buyers and sellers throughout Indian River County and has held Realtor® status here for 16 years. He has also earned the Accredited Buyers Representative and Graduate of Realtors Institute designations from the National Association of Realtors. Mark currently serves on the Florida Realtors Board of Directors and is presently chairman of the Faculty Development Committee. In 2005-2006 he served as President of the Realtors Association of Indian River County and was 2005 Realtor of the Year. Mark is also a member of the Indian River County Chamber of Commerce and a member of its Industry Appreciation Awards Committee. Seeberg hails originally from New Jersey, is a graduate of Seton Hall University (Go Pirates!) and enjoys Florida’s great weather and beaches! Mark and his wife Toni also enjoy traveling, especially throughout Italy and the Mediterranean. He also finds time to lend a hand building homes with the local chapter of Habitat for Humanity. Mark can be reached at 772-696-0651 or emailed at mseeberg@norrisandcompany.com.... Read More

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Norris & Company Announces December 2011 Top Performing Associates

Norris & Company recently recognized their December 2011 Top Performing Associates. Chip Landers, Debbie Bell and Cheryl Burge attained the highest dollar volume of closed sales for the month. Debbie Bell and Cheryl Burge accomplished the highest number of sales. The highest dollar volume of new listings was achieved by Jane Schwiering, Debbie Bell and the Team of Joe and Nancy Jones. Achieving the highest number of new listings was Sherry Brown and Jane Schwiering. Since 1974, Norris & Company Real Estate has been widely recognized as Vero Beach’s premier luxury real estate firm specializing in luxury waterfront, Intracoastal, and oceanfront homes, condominiums, and golf communities on Vero’s barrier island and throughout Indian River County. Through their exclusive affiliations, sterling reputation and integrity, Gena Grove and Jane Schwiering along with 39 quality professionals and staff, have created the #1 real estate company in Vero Beach.... Read More

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Norris & Company Announces Top Performing Associates for November 2011

Norris & Company Real Estate recently recognized their November 2011 Top Performing Associates. Jane Schwiering and Bob Faller attained the highest dollar volume of closed sales for the month. Sherry Brown and Jane Schwiering accomplished the highest number of sales. The highest dollar volume of new listings was achieved by Lucy Hendricks and Beth Livers. Achieving the highest number of new listings was Lucy Hendricks and Beth Livers. Since 1974, Norris & Company Real Estate has been widely recognized as Vero Beach’s premier luxury real estate firm specializing in luxury waterfront, Intracoastal, and oceanfront homes, condominiums, and golf communities on Vero’s barrier island and throughout Indian River County. Through their exclusive affiliations, sterling reputation and integrity, Gena Grove and Jane Schwiering along with 39 quality professionals and staff, have created the #1 real estate company in Vero Beach. With over $2.5 billion in sales in the past decade, Norris & Company Real Estate’s platinum service, sophisticated global marketing, and technological advantages sets them apart from many larger companies in Indian River County and has earned them the distinction of being chosen as an Affiliate of both Christie’s International Real Estate and the Board of Regents for Who’s Who in Luxury Real Estate.  ... Read More

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Giving Back to our Community

The brokers, agents and staff of Norris & Company Real Estate recently donated food and money to our local food pantry, The Food Pantry of Indian River County. The generous food donation will supply enough food for 28 people, for a 3 day period for local families in need this upcoming holiday season, said Executive Director Bonnie Simpson. With unemployment in Indian River County among the highest in the region, more families than ever before are seeking basic food assistance. Jane Schwiering and Gena Grove, the Broker-Owners of Norris & Company, encourage anyone who wishes to donate non-perishable foods to bring them to the Norris & Company offices at 3377 Ocean Drive. All donations will be delivered to The Food Pantry of Indian River County before Christmas. For more information, please call our office at 772-231-1270. Our offices are open 7 days a week to serve.... Read More

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