Leading industry publication ranks HUNT as the top family-owned and operated real estate firm headquartered in New York state.
Respected real estate industry publication REAL Trends (www.realtrends.com) has released its annual Top 500 survey, ranking the nation’s most successful real estate firms based on transactions and closed sales volume. With 13,469 closed transactions and $2.87 billion in sales volume in 2019, HUNT ranked nationally at #35 in sides (transactions) and #74 in volume. The survey also shows that HUNT is the highest ranked family-owned and operated real estate company headquartered in New York State.
“Thanks to our exceptional leadership and highly productive sales professionals, 2019 was the best year in our company’s 108-year history,” said Peter Hunt, Chairman and CEO of HUNT Real Estate ERA. “My humble gratitude to this fine group and our very supportive Administrative Staff that is always there for all of us.”
REAL Trends collects data submitted by individual brokers nationwide. All sales and transaction data is submitted directly by the brokerage firms and verified by the firm’s financial executives, outside accounting firms and/or corporate franchise headquarters.
The REAL Trends Top 500 by Sides can be found here:
As all of us at HUNT Real Estate Corp continue to manage through the COVID-19 crisis, we feel it important to keep our customers and clients — buyers and sellers of real estate, mortgage and refinance customers, property and casualty insurance customers, title insurance customers, and the tenants and landlords of the building we manage — updated as to how we can and will always continue to serve you.
Our offices are closed until the New York State mandate is lifted. Almost 100% of our employees — the support staff that serve our real estate, mortgage, and insurance professionals — are working from home. Cleaning protocols in all of our facilities have been increased to include hospital-grade disinfectants. We have worked with many business partners to ensure that we can remotely and virtually make sure real estate closings happen, mortgage financing closes, and your insurance needs are met. Thankfully, many of the technological tools needed to accomplish were already in place.
Our Sales Professionals are adapting to the new way of doing business — virtually, at least for the time being. We have designed roadmaps so that any HUNT Sales Professional can list a home virtually, host a virtual showing of any house currently available for sale, and how they can help a client navigate purchasing a home — all 100% virtually. While the real estate brokerage business has not been deemed essential, certain components of the transaction have been so designated. Appraisers can still appraise properties, but they will be “drive-by” rather than interior inspections. They may ask the home seller to complete a questionnaire or provide interior photos of certain aspects of the home. Our HUNT Mortgage Consultants remain 100% accessible to our Sales Professionals and our clients for our exclusive Pre-Purchase Commitments, “Second Looks”, purchase money applications and refinances.
The current conditions in the real estate market may never have been better for your consideration of a purchase, sale or even refinancing your current mortgage. While a good deal of uncertainty remains due to the coronavirus threat and its impact on the economy, your health and well-being are always of utmost importance — we want you to feel secure and yet able to take advantage of the very favorable real estate market. Thanks to our industry-leading marketing and technology platform, we are able to minimize justifiable concerns over social distance through virtual connections.
To provide the human support needed before, during and after any transaction, our HUNT Real Estate Sales Professionals and staff remain ready to serve you. We have implemented a system whereby our staff can work remotely, while our branch offices remain open by appointment. Our Sales Professionals will continue to provide award-winning service virtually and/or through access to our facilities at any time for face-to-face meetings.
We appreciate your business. Now more than ever, HUNT is Always There For You.
Brokerage will build on proven digital marketing success by expanding its use of The Adwerx Enterprise Automation Platform
HUNT Real Estate ERA, family-owned and operated in New York State since 1911, is upping its commitment to their agents’ success through its modern approach to real estate. Critical to this is the full-service Adwerx Enterprise Automation Platform. Since initial adoption in February of 2018, Adwerx has automated more than 13,000 online listings, delivered over 117 million impressions for HUNT Real Estate properties, and driven nearly 400,000 individual click-throughs from interested prospects.
Building on this success of promoting new listings through automated listing advertising, HUNT Real Estate is expanding its digital marketing program with the full Adwerx platform. In addition to automated listing ads, all agents will receive automated retargeting technology and the option to launch personalized, local streaming TV commercials. “Our sales professionals have seen extremely positive results from the automated listing ads created and deployed by Adwerx,” says Dan Mirsky, marketing director. “They’re receiving good feedback from their clients and getting new leads as well. We’re positive we’ll see continued growth and results as we expand our digital marketing strategy through Adwerx.”
The Adwerx Enterprise Automation Platform delivers each client a fully integrated, results-oriented digital marketing solution.
Agents can exceed their client’s expectations and create immediate online visibility for their listing – automated ads are displayed on Facebook, mobile apps and premium websites that consumers and potential home buyers visit regularly, including local and national news outlets.
Intelligent retargeting extends agents’ reach and the opportunity to recapture the interest of prospects. In fact, 43% of their website visitors (potential clients) are more likely to convert (Criteo), as a result of online retargeting ads that follow their online behavior.
With more than 70% of U.S households subscribing to at least one streaming service (Forbes), Adwerx’s Personalized Streaming TV Commercials will deliver next-level brand exposure on the most successful advertising medium.
“We’re thrilled that the HUNT Real Estate ERA team has realized positive, measurable results and are now implementing other advanced services like Personalized Streaming TV Commercials, “ says Jed Carlson, CEO of Adwerx. “Making digital advertising accessible, frictionless and easy for our clients is our top priority. “
It is essential for both agents and brokers to use digital advertising to stay at the forefront of today’s competitive real estate market. The Adwerx Enterprise Automation Platform delivers comprehensive digital advertising strategies that are easy to create and deploy; and, enables brokerage leaders to recruit and retain top talent.
“By investing in digital advertising and marketing on behalf of our agents, it allows them to focus on their top priority – acquiring and selling more listings and serving their clients,” Charlie Hunt, executive vice president and COO. “The Adwerx platform has become a powerful differentiator as we grow our agent base and listing inventory.”
We are pleased to welcome the following sales professionals to the HUNT Real Estate ERA family. Their association further affirms our commitment to offering the highest level of service to our clients.
Central & Northern NY Region
WHY SHOULD YOU JOIN HUNT? HERE ARE JUST A FEW REASONS…
The HUNT® Reputation Rankings & Accolades
#1 Family-Owned and Operated Real Estate Firm in New York State
Top-Ranked Broker in the ERA Real Estate network
Ranked #35 on REAL Trends Top 500 Brokerages Survey*
Gene Francis Memorial Award Winner Honoring ERA’s Top All-Around Company
Member of Who’s Who in Luxury Real Estate
Ranked one of Western New York’s Fastest-Growing Companies
The Most Productive Agents
1600 Licensed Real Estate Professionals in 50+ Branches
$2.756 Billion in Closed Sales
Per Person Productivity of Nearly 9 Transactions
If you’re ready to take advantage of everything we have to offer AND make more money, join HUNT Real Estate ERA today!
Getting a mortgage pre-qualification is important in today’s competitive market. It’s almost a necessity when you’re ready to place a serious offer on a house. For most homebuyers, this is the first step in the home buying process.
Why should I get pre-qualified?
Pre-qualification letters show the amount you’ve been pre-qualified for and are based on your current credit history, income, assets and debt. However, pre-qualifications do not go through a full underwriting review by the lender, so it’s not a commitment to provide you a home loan.
What information do I need to provide to get pre-qualified?
Since your lender will need to review your financial situation, you’ll need to provide some information and documentation. You could be asked for:
Social Security Number
Employment history (minimum of 2 years)
2 most recent paystubs (to verify proof of income)
Bank account information (account numbers, statements)
Is there something that could make my offer more competitive?
A pre-qualification is a great way to show sellers that you are serious about your offer. The HUNT Mortgage Pre-Purchase Commitment Program is an even better way. The HUNT Mortgage Pre-Purchase Commitment Program delivers a fully underwritten commitment, subject only to collateral conditions and to reassure sellers, HUNT Mortgage backs its commitment with a $1,000 guarantee*. If a buyer does not close on a transaction due to the buyer’s mortgage application failing, we will pay the seller $1,000. The guarantee distinguishes HUNT customers from other buyers a seller may be considering.
Contact HUNT Mortgage (link to contact page) or call 888.433.8373 to discover how you can apply for your own no-cost, no-obligation Pre-Purchase Commitment that gives you a competitive advantage when you shop for a home. By getting a commitment for your financing upfront, you can truly enjoy the process of shopping for your dream home.
Disclaimer: *The guaranty is null and void if: a) The property is not deemed acceptable collateral for the loan due to value and or condition; b) The buyer or seller willfully cancels the transaction; c) The buyer voluntarily terminates employment and or voluntarily divests assets prior to closing; d) The buyer takes out new credit after the Pre-Purchase Commitment is issued; e) The seller is unable to deliver clear acceptable title; f) Guaranty is only on owner occupied single family transactions; g) The transaction does not close due to a contract contingency not being met other than the mortgage financing; h) Pre-Purchase Commitment was issued with maximum specific sale price and taxes, guaranty is void if either of these are exceeded; i) The contract closing is dated past the expiration of the Pre-Purchase Commitment. Guaranty is only on Pre-Purchase Commitments issued by HUNT Mortgage
Many Americans may be unnecessarily talking themselves out of homeownership. Thirty-seven percent of nonhomeowners say not having enough saved for a down payment is holding them back from homeownership, but 62% of Americans incorrectly believe you have to have at least 20% of a home’s purchase price to buy, according to NerdWallet’s 2020 Home Buyer Report.
“These days, you don’t need to put a full 20% down on a home,” says NerdWallet home and mortgage expert Holden Lewis. “Lenders offer mortgages with far less — as little as 3% down — which allows far more people to get into homeownership sooner.”
So, how do you know just how much you need to save up based on your specific goals? It requires a little strategizing.
Before you can zero in on a down payment target, you have to determine how much home you can afford and when you’d like to start home shopping. First, set your homebuying budget with a home affordability calculator to get estimated monthly payments based on various home prices, down payment amounts and locations.
Then, set an approximate timeline. Maybe you’re planning a wedding and know you won’t be ready to purchase for at least two years, or you’re just starting a graduate program and want to give yourself five years to find employment and settle down after graduation. Be realistic and account for your life circumstances.
With a homebuying budget and estimated timeline, you can start running numbers to set a down payment savings goal.
1. Is saving 20% by your goal date realistic?
Calculate 20% of that homebuying budget and determine if it’s feasible to stash that amount away in the time you’ve allotted.
If the answer is yes, great! A big down payment doesn’t only lower monthly payments, it can save you thousands of dollars in interest over the life of the loan and eliminate the need to pay private mortgage insurance.
If it’s no, you have two options: Revisit your goal parameters — opting for a less expensive home or pushing out your target date — or consider a smaller down payment.
Example: For a $250,000 home, someone starting with $0 saved would need to save about $1,400 each month to reach a 20% down payment in three years. For most folks, that’s a stretch. Adjusting the timeline to five years would require monthly savings of about $800. While that may be more realistic, a smaller down payment could get you in a home sooner and with less stress to your monthly household budget.
2. How much can you save by your deadline?
What’s the most you can save monthly for your down payment goal? If you don’t already know the answer, create a monthly household budget to help figure out where your money is going and how much you can set aside.
At a high level, allocating 50% of your post-tax income toward your needs, 30% toward your wants, and 20% toward savings (including your down payment) and debt repayment is a sustainable approach. But by accounting for all of your income and spending, you may realize you can sacrifice a little of your dining out and entertainment money (wants) temporarily to make homeownership a reality sooner.
Example: You decide you can set aside $350 each month. If you’re still hoping to start home shopping in three years, this would leave you with $12,600, or a 5% down payment. Because many lenders accept down payments of 5%, and even lower, you’ll be in a good place to buy around your three-year target date.
3. Do you qualify for down payment assistance?
Even setting aside $12,000 in three years can seem out of reach for some people, but all hope is not lost. First-time home buyers, or those who haven’t owned a home for the past three years, may qualify for down payment assistance, a grant or loan to cover some or all down payment costs. And in some cases, repeat buyers may qualify.Such programs can both shorten the path to homeownership and free existing savings for closing costs, moving or other homebuying expenses.
Weighing the trade-offs of a high vs. low down payment
A down payment doesn’t have to stand in the way of homeownership. Smaller down payments and down payment assistance programs can help you achieve your homebuying dreams more quickly and leave you some savings for an emergency fund or unexpected repairs.
It’s worth considering, too, since there’s no guarantee your $250,000 homebuying budget will get you the same type of property in three years as it would if you bought sooner. Home prices have been rising, but what will happen in the future and what it could mean for your down payment target is hard to know.On the other hand, a bigger down payment can equate to a better interest rate on your loan, lower monthly payment, more equity in your home right away, and not paying monthly for mortgage insurance. Because you’re borrowing less money, you’ll pay less in interest over the life of your loan and have lower monthly payments.
How much of a down payment you need is ultimately a personal decision, a balancing act between financial factors and how quickly you want to achieve your dream of homeownership.