What Does Foreclosures, Arson, and Burglaries Have In Common. - 01/31/08 09:18 PM
With California being #4 in foreclosures in the United States, many homeowners that are being foreclosed on are turning to some very unbelievable solutions.
People in desperate times will due desperate things, with the foreclosure rate up many families are reporting that their home has been burglarized and turning in false claims into their insurance companies. It is a a shame that these homeowners feels that this is a remedy to their situation.Arson, yes, Arson, is on the raise, so many homeowners here have found that if they can not keep the home they set out to destroy it. Insurance companies are … (6 comments)

How's The Real Estate Market Doing in San Marcos, California? - 01/30/08 09:55 AM
I happen to be one of those agents that loves numbers, so the other day while I was listening to the third time the story of the agent that is being sued locally play out on TV, I thought I would look at how the sales are doing in my own backyard.
San Marcos has two zip codes and that is how sales are broken down.
Zip code 92078---- Active listing for the month of January to date in Residential Detach is 56
                           Sold for the month of January 2008 is                                              13
Rate of sales is approximately 23%
Zip Code 92069---Active listing for the mon … (0 comments)

Major Auction House Blows Thru 222 Homes in Eight Hours. - 01/28/08 03:04 PM
REDC came to town Saturday 1/26, with 222 homes that they put up for auction, starting at 9:30AM.
They started auctioning off 222 homes at 9:30AM, and were done by 5PM.Each home took approximately 3-5 minutes to sell, depending on how much the auctioneer stressed the price. (Many times auctioneers are given a price that they have to meet).People were there in groves. Parking was a nightmare.Each home average about six bidders.Some homes that started at $1,000 went to $100,000 in three to five seconds.Countrywide was the lender and had advertise that you could get a loan with only five percent down, … (0 comments)

Can Real Estate Become Anymore Hazardous To Your Financial Health? - 01/23/08 08:32 AM
In a national news article that came out recently about how an agent is being sued because he did not show the buyer all the homes in the area that were available and they purchase one that they felt was over market value Vs those that were for sale. I am aware that as an agent/broker we run the risk daily, of being in some legal entanglement. So, after reading about this current turn of events, I went to my professional association and looked for a legal form that I could use to protect myself from something of this nature happening … (2 comments)

What is an Absolute Auction, a Reserver Auction Etc. - 01/21/08 09:41 AM
Knowledge is power, a quote by Sir Frances Bacon. When dealing with a real estate auction it is important that you know the lingo.
Auctions Styles! 
Reverse Auction:
This type of auction is when the seller starts at the highest price he would like to obtain for the item that is up for bid. Example; Seiko Watch starting bid is $200.00 and no one is bidding, then it goes down to $185.oo it will continue to drop until someone is willing to place a bid or the seller withdraws it from bidding. This type of auction should be stated up front. When a … (1 comments)

Why Agents Fight Over Escrow, Title and Lenders Etc? - 01/18/08 08:22 AM
I was working with a very savy buyer that had purchase about seven homes in the span of his life, as we explore all the possibilites that were avaliable in his price range we finally narrow it down to the home that he thought would be the right one. Spending a huge amount of time on getting to the point where he felt comfortable making an offer on this home (after reviewing comps and factoring in what the market is currently like) he was getting excited about this home. I call the listing agent up and let her know that we … (7 comments)

What To Do When Your Leads/Prospects are Questionable? - 01/14/08 03:07 PM
It's been a rough day. Hours of prospecting have yielded zilch and you're staring at a helium filled quota number that's floating farther out of your grasp by the minute. Paging through your tickler system, looking for the member of the 20% club of your prospecting base that represents 80% of your business, you search for a slam-dunk that will book you some quick results, so that you can bob up to quota sea level.
Ah-ha! Here's one. Looks like it's time for him/her to decide on either listing/buying or referring someone to you. You pick up the phone and eagerly punch … (4 comments)

You're Real Estate Resume! - 01/07/08 08:26 AM
I like to update my resume every year, its a tool I use when working with buyers and sellers, and as I was about to update this very vital piece of information I went on AR to see if I could get any pointer's about writing a great real estate resume and did not see any info on this subject: So, here goes. "Producing an outstanding resume with these 10 essentials".
When approaching writing your resume, focus on who is going to be reviewing this document. Each resume must be tailor to the audience that you hope to capture the attention of.What … (5 comments)

Every Real Estate Agent Should Take a Self Defense Course. - 01/06/08 04:05 PM
It should be manadory that any agent that intends to baby sit an Open House should be prepared for the unexpected. There has been a rash of robbery's and attacks on agents in our area that have held Open House solo. When holding an Open House following the suggestions below will be helpful. 1. Let your family, co-workers, and the neighbors that are around the Open House know that you are holding it open. 2. Try to hold Open House with a fellow agent. 3. Pay attention to your surrounding. When a prospect comes a calling, do not let your guard … (2 comments)

10 Things You Must Know When Bidding On a Home At Auction. - 01/04/08 09:59 AM
Knowing How To Bid At a Real Estate Auction, Can Mean Money In or Out of Your Back Pocket.
  
You've read the ad in the paper or seen the promotion on TV, and signs are up in your neighborhood-- upcoming real estate auction, Open House this weekend. So you go and take a look, and what you see you like. You write the date and time down of when the auction is to be held with the intend to bid on this home. Now is when you will need to do your homework.  Here are some key suggestions:
Visit the property a minimum … (0 comments)

Are You Tire of Friendly Rejection? - 01/03/08 10:40 AM
You know the ones where the meeting ends with smiles and handshakes, and you walk out the room thinking you've clinched another one. The next day you get the bad news--usually on the phone--that you lost the deal. As you look back on the situation, one thought keeps going through you mind: what went wrong.
Believe it or not, the answer might be your proposal. Most of us are pretty good at selling. We do it face to face. We do it on the phone. Some of us are even fairly talented at selling via letters. But how many of us sell in … (1 comments)

 
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Lorraine or Loretta Kratz-Certified Negotiation Consultants

San Marcos, CA

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Crescent Moon Realty, Inc. & Land N Sea Auctions.

Office Phone: (760) 650-2157

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