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The real estate industry’s biggest obstacle to growth, in one word, is “influence,” Chris Stuart, the CEO of HSF Affiliates and CEO Berkshire Hathaway HomeServices, said during a virtual Inman Connect session Wednesday titled, “Leadership Lessons and Growth Strategies for the New Year.”
Chris Stuart | Photo credit: BHHS
Right now, people are only buying houses based on life events, Stuart explained. In the past 20 years, the U.S. economy has added approximately 20 million households, and yet, outside of the boom leading up the Great Recession, yearly transaction volume has been roughly 5 million transactions.
“We’re not influencing our industry in the same way our other professional service industries are influencing their industries,” Stuart said in conversation with Clelia Peters, the president of Warburg Realty.
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DepositLink, the industry leader in electronic payments for residential real estate transactions, is revolutionizing the process for collecting earnest money deposits and commissions by introducing a “Same Day ACH” product that guarantees good funds in less than 24 hours.
DepositLink already allows consumers, real estate companies, and escrow holders, to securely send and receive payments for home sales and rentals on a mobile-responsive platform. With Same Day ACH, if a payment is made on any business day before 5pm EST, the funds will clear into the destination account between 12pm and 5pm EST the next business day – less than 24 hours.
“Same Day ACH is a complete game-changer for the residential real estate industry,” said Jay Rooney, CEO and Founder of DepositLink. “The market has been yearning for a secure and efficient alternative to paper checks and bank wires. Our astonishing growth and traction are proof of this. We are very excited to be the only company to of
Have you ever dreamed about living on your own private island? The Thimble Islands in Stony Creek Harbor off the southeast coast of Branford, CT are a chain of 365 islands in Long Island Sound and are a sight to behold.
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This glorious Victorian home has been referred to as the Queen of the Thimble Islands and rests on Wheelers Island right off the coast of Branford. The property features a 12-room Victorian house that is fully furnished. It has eight bedrooms, a private granite dock, and its own sandy beach along with magnificent views from every window. The current asking price is $3 million and is available through Sotheby s International Realty. Let s go take a look!