Tag Archives: Real Estate Sales Achievements

6 Properties Sold with the Help of Technology

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Video provided by Kaieri Media

You may have heard the term “disruptor” being thrown around over the last few years. Uber Eats would be a well known example, as a company that caused radical change to an existing industry or market by means of innovation, in this case to the F&B industry. Air B&B would be another example of a disruptor company for the Hospitality industry. Though we technically can’t categorise COVID-19 as a company, the virus’s advancement worldwide, has caused radical change, not only to the way we do business in all private sectors, but also to the way we live. The term disruptor is somewhat misleading, in that it implies a negative interference with the norm. Though change on any level can be unsettling, the Uber Eats and Air B&B’s of the world have brought positive improvements to the F&B and Hospitality industries, by widening the traditional net of employment and consumer base through convenience and accessibility.

In 2020 the COVID-19 virus has been the disruptor of the Real Estate industry. Our process for selling homes still relies ultimately on the guiding principles of trust and connection with our buyers and sellers, but we have had to pivot quickly to replace what has traditionally been a face to face industry, marked by in person viewings and showings. With the help of the Sotheby’s International Realty brand and the importance placed on the use of technology, thankfully we’ve been in a position to make the most of our new reality and cater to our clients needs by hosting virtual spotlights, creating 3D virtual Matter-ports, and taking buyers on Facetime walk throughs. Below is a list of 6 properties sold, either wholly, or with the assistance of technology.

  1. The Wright House
Listed and sold by Michael Bovell

The Wright House in Chalk Sound, overlooks Silly Creek with waterfront vistas abounding. A perfect example of the power of technology to affect a sale and purchaser. The Wright House was listed in July 2020 and sold after 37 days on market, all, wait for it…virtually. The purchasers were familiar with Turks & Caicos and made contact with the listing agent who toured them through the property on Face time and found a connection for them – a perfect fit of homeowner with home – they loved the decor, the layout, the views, the location, and the property had signed contracts for its purchase within two weeks of the list date for $1.1M.

  1. Villa Rocco
Listed by Michael Bovell, sold by Dee Agingu

Just across the way from The Wright House, in private Silly Creek estate, Villa Rocco, a 4 bedroom waterfront home sold after 65 days on market for $1.5M. In the case of Rocco, both the listing and selling agent were within the Turks and Caicos Sotheby’s International Realty family. Again, Face time walk through was the technology of choice for the selling agent to familiarise the purchaser with the property, which was beyond their expectations.

  1. Water’s Edge
Listed by Patrick Staples

An oceanfront classically Caribbean home sits just on the Water’s Edge, as its moniker describes, with south facing views. Charming and idyllic, this 3 bedroom home on .6 of an acre was sold through a combination of the Turks and Caicos Real Estate Association network and technology. At $1.125M, the home sold after approximately 5 months, with a simple Face time walk through via iPhone, but with those views it’s easy to see why.

  1. Haven House
Listed by Dee Agingu, sold by Lisa Lopes

Sensing a theme emerging? Homes between $1-2M located in the area of Chalk Sound/Silly Creek are trending in the last few months. Haven House sold after 85 days on market for $1.1M. The three bedroom home was introduced to the buyers through a physical walk through once the islands opened up officially in July. Matter-ports were the technology of choice for these buyers, who reviewed multiple homes and dollhouse views before they were able to fly in for 48 hours. Once the scope had been narrowed, a Face time walk through was used to reaffirm their love for the property.

  1. The Grandview 302
Listed by Nina Siegenthaler and Richard Sankar, sold by Lisa Lopes

One of the prettiest little spots on the beach, the Grandview has long been an unimposing gentle residential resort with lots of appeal. Even so, the average time between listing and sale for condominiums usually runs between 12 – 18 months. This little beaut sold after 48 days on market from within the Turks and Caicos Sotheby’s International Realty family with the aid of a Face time walk through, for $1.5M.

  1. Villa Alamandra
Listed by Nina Siegenthaler, Sold by Imelda Burke

A Balinese dream and the second highest sale price in Silly Creek’s history – Villa Alamandra deviates slightly from the trends above, in that it has been on market a little longer than its neighbouring sales. What makes this story so unique is not the technology employed, Face time walk through was used here as well, but the fact the purchaser was a first time buyer in Turks & Caicos. At a sale price of $2.95M, that is a significant level of trust and investment in the country and the agents brokering this sale, and a reflection of the certainty the buyer had in this property being right for them. The confidence required to bring together the sale could only be achieved through the professionalism of the agents involved and the purchasers ability to see the property live.

In summary, we’re seeing an overall shortening of the length of time properties are sitting on market and a more focused view from buyers looking for the perfect home to ride out the remainder of the pandemic. COVID-19 has disrupted not just our way of doing business for the better, it’s provided buyers with the motivation to take the step(s) they have been dreaming about. For some that means the purchase of a larger home, for others it means investing in the Turks and Caicos real estate market for the first time.

At Turks & Caicos Sotheby’s International Realty we remain at the forefront of brokerage leadership with the use of technology. Whether it’s the importance we place on digital listing assets through the use of high resolution photography and video, 3D virtual reality tours and Matter-ports (special shout out to our amazing Marketing Director Denise Douglas for putting these together), our apple TV app, streaming and syndication capabilities, our use of augmented reality through CURATE and Ro0omy, or simple Face time walk throughs to ensure we’ve found the right fit for our buyers and sellers. At Turks and Caicos Sotheby’s International Realty we believe in pivoting and staying ahead of the curve. No not that curve…which has now been flattened in the Turks & Caicos. Special acknowledgment to the Turks & Caicos Government for a job well done on flattening the curve, and providing the country with the Stamp Duty Tax reduction during this difficult time.

p.s. The Stamp Duty Tax reduction is still in place until 30th December 2020 on land and properties up to $2M.

Turks & Caicos Homes For Sale $1M – $2M

Turks & Caicos Condos For Sale $1M – $2M

Turks & Caicos Land For Sale $1M – $2M

By Courtney Chapman

11th November 2020

Sotheby’s International Realty Achieves Record $114 Billion in Global Sales Volume in 2019

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Sotheby’s International Realty is pleased to announce that its affiliated brokers and sales professionals achieved more than $114billion USD in global sales volume, the highest annual U.S. sales volume performance in the history of the brand. $102 billion USD of the global sales volume was achieved in the U.S., marking another record accomplishment for the brand.

“In 2019, the Sotheby’s International Realty® brand continued to achieve solid growth,” said Philip White, president and chief executive officer for Sotheby’s International Realty. “The brand expanded into new countries and territories and entered new markets in the U.S. We continued to make strategic business decisions that benefitted both our independent sales associates and affiliate companies. I am immensely proud of the hard work and dedication from our vast global network, and I look forward to continuing this momentum in 2020.”

2019 Achievements

Propelled by a strategic business move in March 2019, when Sotheby’s International Realty integrated its affiliate network and company-owned brokerage into one global organization, 50 new Sotheby’s International Realty offices were opened, bringing the brand’s presence to 1,000 offices in 70 countries and territories and more than 23,000 affiliated sales associates worldwide.

Sotheby’s International Realty continued to lead the category with the roll-out of exclusive marketing affiliations and first-ever technology launches, announcing it will soon unveil a new, fully integrated website. The brand’s existing website, sothebysrealty.com, saw another record year with more than 34 million visits, a 14 percent increase year-over-year. In addition, Sotheby’s International Realty was the first real estate brand to launch and implement mixed reality to its Curate by Sotheby’s International Realty sm augmented reality app, which merges the real world with virtual home staging. The platform can be utilized in various homebuying and selling scenarios, and particularly benefits agents and developers to help prospective buyers envision their new home. To support the daily business needs of the network’s more than 23,000 independent sales associates, the brand unveiled Current by Sotheby’s International Realty® a robust marketing suite of technology tools consisting of best-in-class and exclusive apps, which provide sales associates with a distinctive and competitive edge in the market. For partnerships, the brand entered into an affiliation with Bloomberg.com as the exclusive launch sponsor for a new luxury properties marketplace.

The Sotheby’s International Realty brand and its independent sales associates continued its support for New Story, the brand’s charitable partner and a certified 501(c)(3) non-profit organization. As a result, 83 families, who were among those who lost their homes in the 2017 earthquakes, were able to move into their new homes in Morelos, Mexico. A total of 153 homes in Haiti and Mexico were funded through the initiative.

Global Growth

This year observed significant growth for the brand’s existing affiliate companies in the United States through recruitment efforts and strategic mergers and acquisitions. Most notably, the brand increased its market presence in Brooklyn, New York; the Greater Boston area, Massachusetts; and Indiana. The brand also entered several new key markets last year, expanding the Sotheby’s International Realty network’s presence to 43 states across the country.

Outside the U.S. the Sotheby’s International Realty brand achieved more than $12 billion USD in sales volume and continued to expand into key markets around the world. In Europe, the brand grew its presence in Monaco; France; and Berlin and Binz, Germany. New offices were also opened in Doha, Qatar; and Paphos, Cyprus, expanding the brand’s global presence in marketing luxury listings. In the Caribbean and South America, the brand saw growth in Zapallar, Chile, an upscale residential community located two hours outside of Santiago; and agreements were signed to expand into the Anguilla territory. In the Asia-Pacific region, new offices were opened in Tauranga, New Zealand; and Port Douglas, Hobart, and Perth, Australia.

For those who raise the bar, there is only Sotheby’s International Realty