Everyone knows that over 84% of consumers use the internet to find property, but I recently heard something very suprising. 90% of buyers find an agent to work with on line! So are you spend money on marketing, or are you using the internet to bring the customers to you.
First Team has figured that out, that's why we have a great buyer delivery system, unique to the Real Estate Industry. Our agents don't need to be in the office to get an "upcall", from the beach to the desert they receive clients on their phones from our personalized call center. Market with blogs, tweets, web sites and save $$$$$$$$$$. It is the new frontier in selling property.
If you would like more information on how internet marketing is taking Southern California by storm, call First Team in Whittier, 562-945-7071 or go on line at FirstTeam.com for more information.
I manage an office in So. Calif. and we are experiencing a new market. Lack of inventory, more buyers than listings. Multiple offers on all listing under $450,000 (of which there are now few). Yes we have short sales and REO properties, but they all have multiple offers, you must bid above list price to even be considered, FHA - you are wasting your time, VA no way, so our market has hit bottom and is slowly starting to rise from the ashes.
If you want to survive now, you must stop writing 15 offers for buyers, driving them all over and letting them dictate your time and income. Go back to the basics - farm, cold call, mailings, seller seminars in your offices and show them the value of putting their properties on the market now while the $8,000 tax credit is in place. Yes they have to compete with the bank and short sales, but an equity seller in today's market will receive 50% more offers than any bank property, and will sell if priced correctly above list price.
As an agent if you see an equity seller is it not the first property you preview, don't you have a list of buyers who are frustrated in today market. Be the agent in control, be the listing agent!
Working in So. Calif. in the last few years in real estate has been like riding a roller coaster. Hang on and get ready for the ups and downs, things turning and twisting, and a foreclosure and short sale market with no precedence.
Hopefully the new interest rates will get all of the buyers off fence and take advantage of all of the great buys in the market, with the dream of homeownership in mind, and not how much money can I make ohon this house in the next 2 years. That home they looked at 2 years ago is now about 30 to 50% lower in price, depending on the area, and has become affordable.
I have seen this before, people wait until the market drops as low as it is headed. By the time they figure it is at the bottom, all of the really good properties are gone, interest rates have adjusted upward, and they are left scratching there head saying "what happened".
Those people who are really looking for a buy up property, or their first home need to act now while everything is in place, lots of inventory and low rates. These 2 things don't happen at the same time.
ACT NOW - DON'T BE CAUGHT IN THE WHAT HAPPENED TO ALL THOSE GREAT BUYS AND RATES!
If you haven't been on another planet, then you are aware of all the balastic financial news that came out this week, and it is only Thursday!
With the take over of the 2 financial giants, lowering of interest rates, and more loans available for buyers, maybe we can get the country back on track and make the American dream possible again.
For 30 years I have been riding the merry go round of real estate and I have found their is no brass ring, just hard and dedicated work. Now with the Feds help, maybe we can all get back to business and help pull this country out of mess the secondary market created.
I live near one of the top areas in So Calif for foreclosures and short sales - The Inland Empire. It has gotten so bad out there the agents don't even want to show property, quite frankly it is depressing.
I, like the rest of you, are holding my breath for all the people in financial trouble and hope some of the programs can help them keep their homes and put the teetering economy on the road to recovery.
Does anyone really know where the real estate market is heading? Well I guess that depends on if you listen to the media, read the internet headlines, blog, open house, get messages from your franchise or if you are just ready to guess like everyone else is doing.
In So. Calif. where I do business, we are now getting multiple offers on short sales, REO's and those few and far between - properties that actually have owners in them for sale that are not "upside down". Does this as some in the industry, indicate a botttoming out in So. Cal. or is this just the tip of the iceberg. Is the Titanic sinking, and we are all sitting around having cocktails (bottoms up!)
In my experience over the last 30 years in RE, once you start having multiple offers, sales are finally closing, and buyers are finally coming out of wherever they have been hiding for the last year plus, it is a sign of recovery. I don't think we are at the end, but I think 2009 will see slight improvement and 2010 will see a return to a "par" market, an equal supply of listing and available buyers.
Of course all of this depends on the financing market and where they end up. Are Fannie and Freddie going to be bailed out? Who is going to pay for that? And most importantly, what will the new President who ever that may be, do to help a faltering economy?
Unless you have been in a cave for the last week, the news in the financial arena is at best frightening, at worst a disaster waiting to happen. Just when the public is ready to start buying again, at least in Orange Co. Calif., Indy Mac has to be taken over and we hear the news about Fannie and Freddie.
When will the Federal Government realize the country is in trouble and step in? That remains to be seen. Hopefully Monday will bring better news. The country can not function without Fannie and Freddie, and all those congressmen and senators, who just keep writing raises for themselves, need to sit in a local town meeting, or read the local papers, or just talk to their constitents.
As Realtors and consumers I think it is finally time to start hammering on our representatives in Congress and the Senate. I don't care if you are a Republican or a Democrat, the country can not wait until after the elections for "Big Brother" to step up to the plate. Release 1/3 of our oil reserves, open the drilling in Alaska, get serious about alternative energy sources, the average citizen needs to start screaming their rage about beiing held captive by Middle Eastern countries continuing to raise oil prices. This is a large part of the downfall of the economy in the US.
Ok, if soapboxes are out of style, how about emailing or planning PEACEFUL marches? It has worked before.
People need help not platitudes, get on the bandwagon.
The public is waiting to hear from the media that the market has reached the bottom. Well according to some intense studies by the owner of my Prudential Franchise, based in Anaheim Hills, IT HAS. Our offices in Riverside, Corona, and Moreno Valley have had the best sales last month in the last year. Our Orange county offices report the same, with our Anaheim Hills office reporting 58 sales with a total of over $60,000,000! Each office in Orange County has either doubled or more, their production in March from last year, and this month is even higher.
So you won't see this on the nightly news, or read it in the paper, or see it on the internet, but between those of us in the know, the time is NOW for buyers.
Downtown Yorba Linda has been the subject of a revitalization issue since 1993. The city wants to tear down the old structures and build a new area combining commercial and retail uses with some residential mixed in.
The area residents are not satisfied with the plans the city has proposed and a new proposal was submitted in Febuary 2008. If you want more information on this issue, you can visit the city's web site at www.ci.yorba-linda.ca.us/gov There is a public feedback form, or you can post your reactions on my blog.
Here is a great link for Yorba Linda California Real Estate information. You can search for homes, see photos and all kinds of information. Check it out!!
Yorba Lindais nowranked as the richest city per capita in the United States with a average annual income of $217,000. You would think that alone would make it a great place to live, but it is the "small town" flavor of the city and the friendly people who make it stand above the crowd.
Kerrigan Ranch is a newer area of fine homes and estates. There are currently 31 properties for sale ranging from $1.3 to $3.8 million. There have been 7 SOLDS in this area, including 3 in an estate development "The Manors"
Views of Orange County and the San Bernardino Mountains are part of the truly magnificent area. Surrounded by horse trails, parks, golf courses, and a wildlife preserve make this one of the most desirable areas of North Orange County
First Team has made many contributions to agents success. If you live in Orange County, Los Angeles County or San Bernardino you owe it to yourself and your real estate career to find out why we are number 1 in Orange County. Leads, systems, training, short sale division, reo division, commercial division, our own marketing and advertising department and an Intranet with more information and free downloads than you can imagine. Why did I move to First Team after 30 years in the business? Call me and find out about a company that can change your income and your lifestyle. I am at the Whittier Office, we have 33 other locations to choose from.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.