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Next Level Landmark Realty Merges with Realty Direct Boston
Next Level Landmark Realty Merges with Realty Direct Boston
Merger Expands Team to More Than 70 Agents Booking $70 Million in Sales
QUINCY, Mass. – January 20, 2009 – Next Level Landmark Realty, Inc., a leading real estate and mortgage firm serving the tri-state area of Massachusetts, Rhode Island and New Hampshire, announced today it has merged with Quincy-based Realty Direct Boston. The combined company, taking the Realty Direct Boston name, expands the firm’s tri-state staff to more than 70 real estate agents producing more than $70 million in sales. Terms of the agreement were not disclosed.
“We are excited to combine our operations with Next Level Landmark Realty,” said Tom Truong, President of Realty Direct Boston. “Their strong commitment to both customer care and agent support made them a perfect match with our organization.”
Next Level Landmark Realty has been aggressively taking advantage of the downturn in the real estate market to expand its operations, grow market share and prepare itself for the ultimate recovery of the market. Meanwhile, Realty Direct is known as a strong brokerage firm formerly listed in Entrepreneur Magazine as one of America’s Hottest New Franchises (2005).
“The merger with Realty Direct Boston positions the two of us for continued strong growth in both real estate sales and loan production,” said Adam Bailey, Founder and Chief Executive Officer of Next Level Landmark Realty, Inc. “We both have a similar business strategy of best in class customer service at a discount price. The merger of the two companies will bring better customer service and pricing to homebuyers and sellers.”
The merger of the two companies will also provide strong benefits for real estate agents and brokers. Realty Direct has a unique recruiting tool called Cash Flow For Life, which pays out residual income when one agent recruits another. Cash Flow For Life is a pension and retirement plan that starts paying now and can be passed on to the agent’s heirs and estate. This tool alone has helped Realty Direct grow its sales force by more than 50 percent year over year since 2006.
“Our model clearly surpasses our closest competition Keller Williams and Exit Realty,” Bailey added. “The combined company will have more resources and opportunities for brokers to expand their income, business and market exposure.”
About Realty Direct, Inc. and Realty Direct Boston
Founded in 1997, Realty Direct is a full-service real estate brokerage firm, using cutting-edge web technology to help facilitate a more effective and efficient way of buying and selling a home. Their mission is to deliver what every other brokerage is promising to do – only better.
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Full-service listing services at Realty Direct include listing homes in the MLS, open houses, contract negotiation, color brochures, contract support, post-contract support, and attending settlement. Meanwhile, buying services include finding listings, showing homes, writing and negotiating the contract, post-contract support, and attending settlement.
In 2001, Realty Direct launched its national franchise company. Realty Direct has since been recognized by Entrepreneur Magazine, Wall Street Journal, and Realtor Magazine.
You can find out more about Realty Direct Boston. at their website www.realtydirectboston.com or by calling the Boston office at 617-328-1255.
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Media Contact:
Adam Bailey
Realty Direct Boston, Inc.
Phone: 617-328-1255
Fax: 617-249-0829
abailey@nextlevelrealty.com
Invitation to Join Reveal Property Investments, Inc
Check out this “New Generation In Property Investing”
Come join me on Reveal Property Investments.
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Thanks,
Adam Bailey
The Real Estate Onion Official Launch
What an exciting day for my agents, family, friends, business partners of Next Level Realty & Mortgage and of course myself! We are finally breaking our blog into the online universe. At Next Level Realty & Mortgage we operate like a family and are focused on bringing the best possible service and technology to our customers, agents and business partners. We want to use this blog as a forum where people can speak their minds about any facet of our industry. It can be positive or negative feedback or an idea about how to improve our industry (of course positive is always better!) Our ultimate goal is to provide knowledge and to inspire our industry to make positive changes. We want to join forces to fight the unfair politics that get in the way of running a real estate business successfully. I, as the author of this blog, invite EVERYONE to chime in and leave us a post. We really want to hear from buyers, sellers and our consumers. Our industry has the most to gain from you! Anyone can come join our team and earn “Cash Flow For Life” on Re Sales and Mortgages.
Next Level Launches travel Services for it’s customers
We Are Expanding Our Business Come Partner With Us And TRAVELOCITY.COM , Hotels.com and apple vacations.
We are looking for smart, driven, business minded individuals to partner with us and franchise online travel agencies.
FACTS:
1. Travel is the largest industry in the world today.
2. Forty cents of every dollar spent on the internet is spent on travel.
3. 85% of Americans buy their travel online.
4. Travel grows 23 times faster than the world’s economy.
5. It is a 1.3 Trillion Dollar Industry in the US. (Expected to double by 2010)
6. 250,000 Brick and Mortar Travel Agents have closed since 2001.
We offer individuals or companies a way to own their own online travel agency. It is up and running in 10 minutes. They get 60% of the commissions from anything that is booked from it. They automatically get Referring Travel Agent Credentials (with an ID card), allowing them to travel at wholesale prices. They also get to write off all their travel as a business expense. The start up to them is under $500. We are partnered with Travelocity and are publicly traded on the stock market.
Contact us for details on how YOU earn money from direct commission, residual commission and bonuses. + Free Major Medical and Life Insurance.
Check out this video www.NextLevelTravel.tv
Examples of Bonuses:
$1,000
$10,000
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and higher!
We are looking for serious individuals ONLY!
Call 617-799-7749 M-F 8am – 9pm EST Sat 10am – 7pm EST Sun 11am – 5pm EST
The “WHOLE” Truth about Mortgages Rates Written Lou Barnes
What is you opinion?
The 4.5% mortgage myth?
Perspective: Borrowing into trouble easier than borrowing out
By Lou Barnes, Friday, December 19, 2008.
Inman News
Flickr photo by Moe.The Fed’s cut to “zero to 0.25 percent” cost of money and non-response in the mortgage markets combined to produce consternation among a refinance-hungry public.
Excepting a frantic hour at no-fee 4.75 percent on Wednesday morning, mortgage rates remain as they have been for 10 days, roughly 5 percent with an inescapable origination fee. And that deal is available only for the best FICOs and loan-to-values.
These rates are not going lower any time soon, not on a sustained basis, not without extraordinary intervention by the “Obamanauts.” Miracles are rare.
The average client simply does not believe the paragraphs above. If I were not a lifer in the mortgage trade, I wouldn’t believe them either.
In the last month, irresponsible media reports, wishful expectation by housing industry survivors, and trial balloons by non-market theorists have made “four-and-a-half” (percent interest rates) a national imaginary fact.
Why are rates stuck? The main roadblock is the $10 trillion in outstanding first mortgages, rates scattered from mid-sixes to 5.25 percent. Toss out the ones that can’t refi (jumbos, underwater vs. appraisal, clogged by piggyback second, stated-income or no-doc underwriting …) and the adjustable-rate mortgages that no longer need to hurry — $6 trillion, anyway. The first $1 trillion, above 6 percent, everybody who bought from 2004-08, is in the money right now, eligible to refi with quick recapture of costs. That volume is equivalent to the total production capacity of the mortgage industry in 2008, severely diminished since the September financial cardiac arrest.
“But refis are just rollovers, not new money …?” The current owner of a 6 percent mortgage-backed security may have little interest in 5 percent or 4.5 percent. The last people who bought those, in 2003, lost money every day since. Worse, the financial system is still “deleveraging” — trying to sell IOUs, not buy.
“But if money doesn’t cost anything …?” The Fed is acting in an emergency. It will not last forever. When it ends, rates will rise, explosively from time to time. The zero-cost money is overnight money, and it’s a bad idea to finance a 30-year loan with overnight money. Long-term Treasury rates are also approaching zero, the spread versus mortgages unbelievable. The Treasury market is the most liquid in the world; when the economy bottoms, today’s Treasury investors-for-safety will be able to dump at little loss. Even top-quality MBS are not very liquid… buyers at this level and below will get killed in the turn, and cannot hedge that risk in a Treasury market priced for a new Great Depression.
“Why is 4 (percent) so hard?” The one and only time that U.S. mortgages reached 4 percent: at the GI Bill rollout of VA loans on July 25, 1944: it went to 4.5 percent on May 5, 1953, 4.75 percent on April 4, 1958, and to 5.25 percent 15 months later. That’s it, the cumulative history of “four-something,” all in a very different world. Also, those rates were set so low that the seller to a veteran had to pay two to four points for the veteran’s loan.
“Why doesn’t the government buy, or just make 4 percent loans?” See $10 trillion, above. The total U.S. national debt traded on markets is only $6.5 trillion. One of the awful aspects of our predicament: having borrowed our way into trouble, there are limits to borrowing our way out.
“But my brother-in-law said he got ‘X’ percent!” Bernie Madoff’s clients got into trouble believing one-upmanship fables told by their neighbors. The fibs told in a locker room full of teenage boys about their sex escapades don’t hold a candle to your friends’ tales of their mortgage conquests.
Call me when we hit bottom, will you? Or at 4 percent, whichever. The law of refis: Do any deal that works, recapturing costs in a year or so. Can’t know the future. Lock your rate, then don’t watch TV for three weeks or talk with your brother-in-law.
“But you said rates could crawl lower …?” Yup. It took a year for rates to move from 6.25 percent to the 45-year low of 5.25 percent in June 2003, working off masses of refis at each intermediate stage. Lasted one month.
Lou Barnes is a mortgage broker and nationally syndicated columnist based in Boulder, Colo. He can be reached at lbarnes@boulderwest.com.
Massachusetts Realtors Need More Education
February 16, 2009
by: Pam Pinto * Broker • Blog
Massachusetts Realtors Need More Education
February 16, 2009
by: Pam Pinto * Broker • Blog