Thomas McCormack and Resources Real Estate Return to Forbes Real Estate Council
Invitation-Only Community for Executives in Real Estate
Shrewsbury, NJ, February 26th ,2019 — Thomas McCormack, Senior Partner of Resources Real Estate, an independent residential and commercial real estate brokerage in Monmouth County, NJ, has been once again accepted into Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.
McCormack was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.
“We are honored to once again welcome Thomas McCormack into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Real Estate Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”
As an accepted member of the Council, McCormack and his team at Resources Real Estate have access to a variety of exclusive opportunities designed to help them reach peak professional influence, connecting and collaborating with other respected leaders in a private forum. McCormack will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.
Finally, McCormack will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils member concierge team.
“Once again we are thrilled to have been invited to return to membership in Forbes Real Estate Council,” said McCormack. “The prestige of Forbes combined with the powerful community of top Realtors from across the U.S. is important to Resources continued growth and development of our referral network.”
Monmouth County Single family home sales were down -1.5% compared with previous year but the average sale price was up 4.2% over 2017 at $432,500. and the absorption rate continues to be aggressive at 4.37 months of inventory.
NOW is the time to get your house listed & sold. Contact our Office at 732-212-0440 / firstname.lastname@example.org for a market analysis of your home today. Check out homes here at www.resourcesrealestate.com.
Resources Real Estate’s Jo Ann Davenport Is Exclusive Agent for The West Side Lofts
THESE PRIZED PROPERTIES ARE RIGHT IN THE HEART OF RED BANK
Red Bank, NJ, December 4th, 2018 – Resources Real Estate has announced that Jo Ann Davenport, with the company’s Red Bank office, is the exclusive listing agent for the West Side Lofts. Currently there are 13 units available; four 1-bedroom units; six 2-bedroom units; two 2-bedroom townhomes and one live/work unit.
These properties are a rare treat for the discerning renter in Red Bank. Close to the Galleria, the Two River Theater and Broad Street’s restaurants and shopping, The West Side Lofts features impeccable appointments such as high ceilings, over-sized windows, private parking and more.
The West Side Lofts, located at 1 Bridge Avenue, feature a beautiful rooftop lounge and outdoor deck with water views, a sauna, fire pit and grilling facilities. The West Side Lofts also feature a fitness center, cyber cafe and 24-hour management.
“These properties are some of the hottest on the market. The exclusive listing of properties is a real credit to our Red Bank office,” said Carolynn Diakon, Founder and Senior Partner of Resources Real Estate.
“The West Side Lofts is an exclusive community right in the heart of Red Bank. It’s proximity to dining, theater, shopping and the train station make it extremely desirable,” said Thomas McCormack, Managing Partner. “Plus, it is absolutely beautiful. We are very pleased to be working with Metrovation on this exceptional project,” he said.
Home sales in Oceanport are HOT! Single family home unit sales are up a soaring +9.8%. The median sales price is up 2.0% and new listings are up +9.9%. The median list price is down -3.9%. Check out homes here at www.resourcesrealestate.com.
NOW is the time to get your house listed & sold. Contact our Office at 732-212-0440 / email@example.com for a market analysis of your home today.
Resources Real Estate Presents Significant Sale Award for August
ALLISON GREGORY RECEIVES AWARD FOR $2.5 MILLION RUMSON PROPERTY
Red Bank, NJ: October 12th, 2018 — Allison Gregory, a realtor with Resources Real Estate’s Red Bank office, has received the “Significant Sale Award” at the company’s September sales meeting. Gregory was the buyer’s agent for 6 Edwards Point Road in Rumson. The award is given to an agent with a sale of a single property of $2.5 million and over.
“Known as “Hidden Cove,” the waterfront property is spectacularly situated on an inlet off the Shrewsbury River,” said Gregory. “It’s truly special.” With breathtaking water views and sunsets, it’s a boater’s paradise and includes a dock and 1.5 private acres.
“We pride ourselves on our luxury home sales and this is an exceptional property,” said Carolynn Ozar – Diakon, Founder and Senior Partner. “Allison did a fantastic job in representing the new owners of this home during this transaction and we wish them many years of happiness there.”
“With our membership in the Board of Regents of Luxury Real Estate and Who’s Who in Luxury Real Estate we have developed relationships with luxury agents worldwide,” said Thomas McCormack, Managing Partner, “Our ability to service more exclusive clients has grown as well. We’re very pleased that Allison Gregory was able to identify the right home for them and ensure the transaction reached a successful conclusion.
Resources Real Estate Named to NJBiz Top 250 Private Companies in New Jersey
COMPANY INCLUDED ON THE PRESTIGIOUS LIST FOR SECOND CONSECUTIVE YEAR
Shrewsbury, NJ, September 13th, 2018 -Resources Real Estate has earned a place on NJBiz’s list of “Top 250 Privately Owned Companies in New Jersey for 2018”. This is the second consecutive year that the company has been included on this list which ranks companies by global revenue.
“Being listed on NJBiz’s Top 250 Privately Owned Companies is a terrific honor for us,” said Carolynn Diakon, Founding Partner. “This list includes the biggest and the best of New Jersey’s privately owned companies and to be included demonstrates Resources Real Estate’s growth and market presence.”
“NJBiz’s Top 250 Privately Held Companies is a tremendous validation of our success,” said Thomas McCormack, Managing Partner. “As an independent firm, it’s important or our innovation and market presence to be seen and recognized. Resources Real Estate’s position is strengthened by our repeated inclusion in this esteemed list.”
The rankings for the “Top 250 Privately Owned Companies” were officially announced in the August 20, 2018, print issue of NJBiz.
The announcement comes on the heels of the company’s announcement that it has also been included in the 2018 Inc. 5000 — an annual list of the fastest growing private companies in the U.S. — for the third consecutive year.
The technology-driven disruption of the real estate industry has not turned out to be as dramatic as many thought it would. The real estate agent is not being replaced by artificially intelligent machines, and my Roomba is not out showing houses for me during the day.
Technology has been a wonderful addition to the real estate industry, but it has not and will not replace the real estate agent. Business models will most certainly change, and the goals of different real estate companies will be redefined.
In the 30-plus years I have been in the real estate business, many startups have come and gone, each one promising to be the “next big thing.” The industry disrupters they claim to be end up doing little to disrupt anyone — except those with unstable business models — and often leave their hopeful clients dissatisfied and confused. For most people, a home purchase or sale represents the most emotional and largest financial transaction they will ever experience. Can you imagine a very personalized business relationship being supplanted by a frustrating discussion with a Siri- or Alexa-style app?
While technology will continue to expand and help us in the real estate industry, it can never replace the boots on the ground that provide nuanced regional knowledge and skill in negotiating in a very emotional environment. Both sellers and buyers can be very emotional during a transaction, and I do not see the benefit of sending the client to an app with a computer-generated voice to help solve their individual problems, or asking them to “press five” to reach a representative in some far-flung office. Can you imagine trying to interact with a chatbot-type app about the most important transaction in most people’s lives? I get frustrated enough with mine when looking for something simple like a restaurant down the street.
The real estate model that I believe in and run my business according to is a client/agent satisfaction platform. If a company takes care of its agents with updated tools, including technology tools that have a shelf life, it will benefit its clients. Our agents are equipped with usable, manageable tech tools that are specifically designed to meet the agency’s needs. Much of the tech we have incorporated over the years benefits the agent and the client at the same time. Our personalized client relationship management and transaction program gives added structure and organization to the agent, and provides the client with complete transparency into our client files — they know what is going on.
One of the biggest complaints that sellers tend to have is not hearing from their agent and not being kept in the loop. As an independent company and not part of a big-box corporation, who have to concern themselves with shareholders’ profits, we can focus solely on the clients’ and agents’ satisfaction — and we have found they generally go hand in hand.
Picture this: An out-of-state seller gets an alert that the alarm has gone off in their home in New Jersey. Who are you going to call? A technology platform, the Ghostbusters or your real estate agent? I’ve personally gone to a client’s home at 10:30 p.m. to turn an alarm off, and I’m not the only agent I know who has.
Real estate is a hands-on business, and while technology can help, it cannot replace a live, caring person who cares about your transaction.
For buyers, the use of search sites has empowered them to look for their own properties to consider buying. However, while in some cases this is great, many of these sites are full of inaccurate information, leaving buyers feeling frustrated when that home is not available, was never on the market or when the online list price is off-base and they lose out on a potential purchase because of an algorithm misguidance. Buyer web search tools also do not include listings that are “office exclusives,” which cannot be seen by the search sites.
I recently saw that a relatively new real estate business called itself a technology company. I don’t ever wish for our brokerage to be anything other than a people business with the benefits of technology at our disposal. As much as I personally love technology and look forward to the many more benefits it will bring, I do not expect that our AI vacuums and robotic apps will take over the work of showing houses to clients.
As featured on Forbes Council, New Jersey firm Resources Real Estate is now a part of the Middlesex MLS, announced founding partners Carolynn Diakonand Thomas McCormack. This adds to the firm’s well-established coverage of Monmouth and Ocean County MLS, Hudson County MLS and the Liberty Board of Realtors.
“The addition of Middlesex MLS gives us access to listings and sales data for a marketplace that now extends from Mantoloking in the south to Hoboken and Jersey City in the north,” said Senior Partner Diakon in a press release. Managing Partner McCormack added, “Even though our heart is in Monmouth County, we are pleased that our reputation for excellence and our award winning services have taken us beyond our original market area.”