Resources Real Estate Named to Inc.’s 2018 List of 5000 Fastest Growing Companies | 8/15/18

Resources Real Estate Named to Inc.’s 2018 List of 5000 Fastest Growing Companies

LOCAL BROKERAGE NAMED FOR THE THIRD CONSECUTIVE YEAR

Shrewsbury, NJ: Resources Real Estate has been named to the Inc. 5000, Inc. Magazine’s list of the Fastest Growing Private Companies in America. This is the third consecutive year that the local company has been included on the list.

“Out of the nearly seven million private companies moving the economy forward every day, only a tiny fraction have demonstrated such remarkably consistent high growth,” said James Ledbetter, Inc. Magazine Editor in Chief, congratulating the company on their achievement. “Your repeat Inc. 5000 honors truly puts you in rarefied company,”

“For Resources Real Estate to be included on this prestigious list for the third year is an incredible honor: it validates our growth, our innovation and our positioning as the premier independent real estate company in New Jersey,” said Carolynn Diakon, Founder.

“Our success has always first been measured in our ability to deliver the best marketing and professional service to our clients,” said Thomas McCormack, Managing Partner, “but to be recognized in this way yet again is a true testament to the hard work and dedication of our team of talented sales agents and support staff. We are very proud of this achievement.”

Resources Real Estate and the other honorees are invited to celebrate the accomplishment at Inc. 5000’s Conference and Gala, which will be held in San Antonio on October 17-19, 2018 at the JW Resort & Spa. The Conference will include the following keynote speakers; Ben Chestnut of Mailchimp, Ron Shaich of Panera, Brene Brown, and many more.

Sign up for the buzz at http://www.housebuzz.com.

#resourcesrocks #resourcesproud #resourcesagentsrock #inc5000

Highlands, NJ : A Coastal Gem overlooking Manhattan. Live there today! | 8/13/18

The Highlands housing market is HOT! Single family home unit sales are up +4.5%. The median sale price is up +82.9% and new listings are flat 0.0%. 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 / info@resourcesrealestate.com for a market analysis of your home today.

Check out the Resources Market Report – 1st Quarter results are in and have been updated. For more details on your town: http://bit.ly/resourcesmarketreport.

Sign up for the Buzz at www.housebuzz.com. #resourcesagentsrock #resourcesproud #resourecesrocks

Spring Housing Market brings improved home sales week over week. | 4/9/18

We are seeing improvements in the market week over week throughout Monmouth County. Single family home unit sales are up +1.1%. The median sale price is up +3.2% and new listings are down -12.9%. The median list price is up +7.8%. NOW is the time to get your house listed & sold. Contact our Office at 732-212-0440 / info@resourcesrealestate.com for a market analysis of your home today.

Check out the Resources Market Report for more details on your town:http://bit.ly/resourcesmarketreport. Sign up for the Buzz at www.housebuzz.com. #resourcesagentsrock #resourcesproud #resourecesrocks #Holmdel

Resources Real Estate Sales Associates Win NJAR Circle of Excellence Awards | 2/22/18

Resources Agents Rock:

Resources Real Estate is proud to announce that thirteen of its sales associates have been honored with the NJAR® Circle of Excellence Sales Award for 2017.

The NJ Realtors® Circle of Excellence® Sales Award® recognizes those members who have demonstrated excellence in the field of real estate salesmanship.

Check out who was part of this exceptional group of sales agents in 2017:

 

#resourcesagentsrock #resourcesproud #resourcesrocks

Sign up to get the latest buzz about Resources: http://www.housebuzz.com/.

Mansion Monday | 124 Bingham Avenue, Rumson, NJ 07760

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

Luxury, space, and privacy in Rumson!  124 Bingham Avenue boasts 5500+ square feet, 5 en-suite bedrooms, 3 family rooms, a gourmet kitchen and much more!

Call our Resources Agent, Jessica Hall Hickey at 732-212-0440 for more information on this stunning property.

http://bit.ly/124bingham

Why Trump’s tax plan is a boon for the ultra-luxury market

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440
Waterfront Estate located at 80 W. River Road, Rumson, NJ 07760. Listed by Resources Real Estate 732.212.0440

by Inman’s Chad Roffers

All things point to a more favorable environment for very high-end homeowners.

Key Takeaways

In the House’s proposed tax plan, it’s the capital gains that may make the biggest difference, rather than the MID. For the ultra-luxury market, the $10 million-plus range, the tax plan is a boon.

Although much of the furor over the proposed tax reform plan from the Republican-led House has focused on the reduction to the cap for the mortgage interest tax deduction, it is the proposed changes in capital gains that may make the biggest difference.

In fact, Mark Zandi, chief economist at Moody’s Analytics, told The Chicago Tribune that the tax changes could reduce prices in the most expensive markets by 10 percent. Price escalation has slowed over the past couple of years, and CoreLogic has reported that over one-third of the top 100 markets are overvalued, so this may be part of a larger correction.

Boon or curse?

For the ultra-luxury market (the $10 million and up range), the tax plan is a boon. Buyers who can afford that price point are usually business owners or those with inherited wealth. They will likely benefit from the low corporate tax rate and pass-through rates from S Corps and LLCs.  The tax plan from the House also follows through on President Trump’s stated goal to eliminate the estate tax as much as possible.  The bill doubles the basic exclusion amount for gift and estate taxes and repeals the estate tax in six years. Down the road, this could have a phenomenal impact on the distribution of wealth, further fanning demand for homes in excess of $10 million.

For the immediate future, it’s the capital gains changes that will have the greatest reverberations.  Currently, homeowners are allowed to exclude up to $250,000 in capital gains ($500,000 for married couples) when they sell a primary residence.

The existing rule states that owners must have lived in the home for two of the last five years of ownership. The new plan would require that the homeowner must have lived in the home for at least five out of the past eight years.

The changes also allow one sale every five years instead of every two. The exclusion is also diminished by a dollar for every dollar a joint taxpayer’s adjusted gross income exceeds $500,000. The markets that will be most strongly impacted are those in the Northeast and on the West Coast. In some of the areas, where luxury properties have already lingered on the market, many sellers may opt not to sell after all.

In markets such as San Francisco, the combination of high prices and low affordability have already taken a tremendous toll; the proposed tax plan may create added stress on the region. In places like New York where property taxes are high, the part of the plan that would cap the property tax deduction at $10,000 would also have a big impact.

Jerry Howard, CEO of the National Association of Home Builders, told USA Today that “3.7 million households paid more than $10,000 in property taxes in 2016.”

Our predictions

What the tax bill will do is provide new constraints and considerations as people begin to contemplate making their next moves.

What we may see in the short term is a bit of a seller stampede as sellers try to sell now and maximize their profits. For example, if buyers purchased a home for $1 million and then had a $1.25 million sale, they could see nearly half of their profit out the door in taxes and fees.

In the long term, the proposed changes could also affect how owners feel about commissions. The middle of the market is where taxpayers will get squeezed the most, and that is also where agents make the biggest chunk of their earnings. With a smaller piece of the profits from each sale going back to the seller, every percentage point will be up for debate.

It’s too soon to know whether the proposed tax reform will successfully make it through the legislative process, but at this point, all things point to a more favorable environment for the very high-end and uncertain times for most American homeowners and the real estate community.

Read more

 

 

Classic Colonial with Waterviews!

Resources Real Estate Presents…34 Sea View Terrace
Middletown, NJ 07748

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

Check out all our property listings at www.resourcesrealestate.com, stop into one of our offices in Red Bank, Monmouth Beach, Rumson, and Atlantic Highlands, or give us a call at 732-212-0440.

Beauty Abounds in Fair Haven!

Resources Real Estate Presents…170 Fair Haven Road
Fair Haven, NJ 07704

Resources Real Estate Presents...170 Fair Haven Road Fair Haven, NJ 07704

Check out all our property listings at www.resourcesrealestate.com, stop into one of our offices in Red Bank, Monmouth Beach, Rumson, and Atlantic Highlands, or give us a call at 732-212-0440.

 

Mansion Monday!

Check out Portfolio Magazine’s feature on 11 Post Road, Rumson, NJ 07760, a beautiful Rumson chateau-style home!

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

Check out all our property listings at www.resourcesrealestate.com, stop into one of our offices in Red Bank, Monmouth Beach, Rumson, and Atlantic Highlands, or give us a call at 732-212-0440.

Lovely and Spacious Colonial!

Resources Real Estate Presents…63 Trafalgar Place, Shrewsbury Boro, NJ 07702

Resources Real Estate Luxury Real Estate in Monmouth County, NJ 732-212-0440

Check out all our property listings at www.resourcesrealestate.com, stop into one of our offices in Red Bank, Monmouth Beach, Rumson, and Atlantic Highlands, or give us a call at 732-212-0440.