Summit Sotheby’s International Realty Update for April 2017

2017 Summit Sotheby’s International Realty Cares

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Sothebys Cares 2017

Summit Sotheby’s International Realty and its sales associates recently donated $70,000 to local Summit, Wasatch & Salt Lake County non-profits via its philanthropic 501(c)3 group called “Summit Sotheby’s International Realty Cares”.

During the month of March, Summit Sotheby’s International Realty offices around the state held their annual SSIR Cares Presentations. Each year, agents work together to make personal donations and raise money to help benefit both local and national non-profit organizations. The presentations were an emotional display of the passion our sales associates have for their communities. In total, 35 non-profits were presented checks resulting in over $70,000 of donations.

“Thanks to all of our sales associates and vendors, we are thrilled to be able to benefit these 35 local non-profit organizations,” Summit Sotheby’s International Realty President and Principal Broker Thomas Wright said.

“I am very happy that our organization can do so much good by spreading our donations across such a cross-section of local non-profits. Giving to these non-profits, and the others that we have contributed to over the years, makes it all worthwhile at the end of the day,” said Wright. “These contributions demonstrate how seriously Summit Sotheby’s International Realty regards its efforts to make a difference in the local community.”

About SSIR Cares: When you work with Summit Sotheby’s International Realty, you are supporting non-profit organizations in our local community. At the close of every escrow, our sales associates and real estate brokerage firm voluntarily donate a portion of their earnings to local 501(c)3 non-profits. We refer to the funds donated as “Summit Sotheby’s International Realty Cares.” Through this program and fundraising events like our “Summit Sotheby’s International Realty Cares Golf Tournament”, Summit SIR provides its agents, as well as clients and vendors, the opportunity to participate in giving back to the local community.

Benefiting Non-Profits: The Park City Foundation, Forever Young Foundation, Park City Education Foundation, Peace House, Planned Parenthood Association, Mountain Town Music, Mountain Trails Foundation, PC Foundation, directed to PCHS Bands KPCW, Blue Angels Foundation, UtahPresents, University of Utah, Nuzzles & Co., Pet Rescue & Adoption, Summit Land Conservancy, Huntsman Cancer Center, Paws for Life Utah, Park City Lacrosse Organization, Utah Symphony & Opera, Park City High School, PC Reads, KUED, Utah Open Lands/Bonanza Flats, Holy Cross Ministries, National Ability Center, and Recycle Utah were presented checks in our Park City presentation. Planned Parenthood, Volunteers of America, Curesearch Children’s Cancer,  Ride to Cure Diabetes, Huntsman Cancer Institute, MS Ride – Fee Fee’s Flyers Team, Children’s Center, Christmas Box, Choice Humanitarian, Make A Wish Foundation, and Handful of hope attended our presentation in Salt Lake City to receive their checks.

Our New Story Partnership

The Sotheby’s International Realty® brand is proud to announce that it has partnered with New Story, a non-profit organization that puts 100% of donations toward transforming dangerous living environments into communities of safe, sustainable homes, for $6,000 a home.

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Why did we choose New Story as a partner?

  • 100% of donations go directly to the field. They operate with completely separate overhead cost so every dollar donated goes straight to building homes.
  • Donors have the ability to see the exact family they’re sponsoring, along with the supplies and costs their donation is covering. In the beginning, the donor receives a photo of the family and their story. When the home is completed, they are delivered a move-in video to share in the excitement of this incredible effort.
  • They hire local labor and buy domestic materials to boost the country’s economy. New Story does more than build houses – they provide jobs and economic stability for the communities they service.

Watch this video to get a closer look at New Story, who was just named one of Fast Company’s “Most Innovative Companies” for 2017 in their not-for-profit sector.

Click here to learn more about New Story and meet the Guillaume family from Haiti, the recipients of the Sotheby’s International Realty donation.

How Sotheby’s Is Avoiding the Real Estate Slowdown

Philip White, Sotheby’s International Realty’s chief executive officer, discusses the state of the luxury real estate market with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.”

SIR sees big growth in a tough market, while telling people ‘what they may not want to hear’

CEO Phillip White told CNBC in a recent interview that Sotheby’s International Realty makes “the consumer the real focus, and that’s important when you do business in the luxury space. We made a decision early on to provide the consumer a high level of exceptional service and true global exposure.”

High-end clients “want to be taken care of and catered to, and that’s what we really brought to the business,” said White, a 36-year real estate veteran who’s been the firm’s CEO since 2013. “Then we were able to expand it quickly in the high-end markets of the world in a pretty short period of time.”

Sotheby’s International Realty recorded $85 billion in domestic sales volume, while increasing its sales force and offices. However, White said the firm’s recipe for success included elements that are unconventional, and perhaps a bit counterintuitive when servicing demanding high-end clients.

“There are not a lot of people who can buy some of these places, and we have to work hard to get in front of the right people,” said White, a former Marine. However, “sometimes we have to tell them things they don’t want to hear.”

Needless to say, the ultra-rich aren’t usually considered the sort of people who take “no” for an answer, and often expect a certain result. However, White explained that honesty and transparency are key ingredients to moving luxury homes — especially in a challenging market.

“That’s when you have to do your homework and be prepared,” White said, adding that Sotheby’s International Realty agents perform extensive research on a particular market to assess a home’s true value.

“If you go into someone’s house and say ‘it’s worth this [much]’ and the seller might be disappointed, you can tell them you looked at” other houses in the area, White said. Then, the firm explains “how their house compares to all the others, because you took the time to go through all the others. That’s doing your job.”

He added: “It’s easier to go along with them, but that’s not doing them a service because it’s not going to sell. It’s doing them a disservice.”

Celebrating One Year in Southern Utah

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Thanks to our great clients, partners, colleagues, family and friends, we’re celebrating the completion of our first year in business in our new office in St. George. We’ve built a lot of great relationships already, and we’re looking forward to strengthening them even further. Thanks for helping to make Summit Sotheby’s International Realty a success!

Architectural Spotlight | Thoroughly Modern Homes

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Modern homes are the tangible results of imagination and perseverance; their masterfully executed design highlights the use of minimalism, striking angles, open layouts and spaces that seamlessly fuse indoor and outdoor spaces. Join us as we walk along the bleeding edge of architectural design and explore modern homes from around the world.

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