Agent Consolidation of REO Bundles by Asset Managers is leading to delays in the buy process and increases carrying costs through longer time on market.
As an REO Specialist and a Buyers agent we are seeing both sides of the market. Here in AZ, recent trends and buyer behavior are showing appeal of foreclosed homes drop, as buyers frustrated with delays and response times are starting to look at resale homes as a preference. Condition issues aside, this is becoming a problem that is more noticeable compared to about a year ago. I have seen some agent portfolio's in excess of 300 properties ACTIVE. On trying to do business with many of the teams with large portfolios, telephone calls are not returned, emails are not returned, delays and oversights are frequent and professional courtesy is thin. As a result my buyers are electing to look at alternative properties, which can either be private resale or foreclosed with better response rates. Time and time again I see truth in the saying "Once Bitten, Twice Shy" as buyers elect to passover a property because the listing Agent or Team was difficult to deal with. From an asset managers perspective I can understand the values and possible improvements by consolidating, but I ask all of those Asset professionals that read this, to stop and consider total cost. Indirect costs, and risks of over consolidation is real and more time needs to be taken to spread asset bundles out to ensure highest quality service, increased care, lower errors, reduced risk and minimize bottlenecks and delays in REO asset sale and servicing. As REO specialists we must be careful of over stretching our capabilities with too much inventory and lacking infrastructure or capacity to support it. Resources are cut to the minimum as margins for all are also cut. For this reason we need to look at ensuring greater distribution of assets with those teams that also have the skills and capabilities to service them to the highest of standards.
Here we are again in a down cycle across the entire US and Global Economy. Companies and businesses have to continue to reinvent who they are and how they do it to survive. Green business has a great opportunity to grow and integrate more into production methods as companies look for new ways to do things. Business models in practically every industry has to be challenged, if not by our customers but by us in order for us to compete.
Having worked in business strategy and cost re-engineering for over two decades in all aspects of indirect and direct business cost/operations, we need to embrace this challenge, rise to it, and develop our talent and our thinking to find new opportunities and new markets.
Can green survive, I think yes in many aspects of real estate and of business. Technology is enabling a more remote work force. Less is the need to occupy a desk space. You can work from home and be connected and large companies can take millions out of their operating costs if they have the will and the expertise to implement flexible work plans and the appropriate infrastructure.
As prime business real estate in some markets become more cost prohibitive and the fight for talent and available work force to fill operations become more costly, a flexible workforce and real estate strategy is the only way businesses can continue to re-engineer costs.
At a residential level, I think builders needs to look at their materials and challenge production companies to find cheaper, greener, more responsible materials that will help reduce build cost, but can be done so in a way that it also improves construction times = reduced labor = reduced cost. A great example of this is in Norway where you can literally choose your home mass produced, and it is delivered in component form and built almost within a day on already laid foundations. GREEN and Cost Cutting can come together if only there is the courage to challenge business models and the product.
Hello everyone, happy new year to you all. This is our first issue of the new year, and because of time and events we are changing this to a quarterly. I know that this will be welcomed to many, as you do not have to hear from me quite so much :)
Joking aside the need for good quality insights into the real estate market right now has never been so great. Many of us are watching the market with bated breath wondering what is going to happen. Take a look at my market review for 2009 below. There may be some information for many of you would want to keep. Please see the web version of this at www.realtyupdateaz.com and new readers can subscribe to ongoing issues, so please forward this to others that may benefit.
"B Green" is launched as our Green Certified Home Buyer or Seller Program
With the growing importance around GREEN issues and the increasing demand for expertise in this area, it was only fitting for us to expand our Real Estate service offering into this segment. There are growing issues and needs around GREEN real estate from finding energy star certified or energy rated homes through to understanding the risks for the buyer or seller and protecting them appropriately and the specialist marketing channels for selling green homes of any value.
We are very excited with the launch of "B Green" marking the realization of our membership to "AEEREP" and the ECOBroker Certification achievement. We are truly confident that our service offering in this space is going to be of the standard that people would expect from the AZ Home Team, and we look forward to supporting any needs, great or small that focus around Green living, the environment and methods that can be employed to improve quality of life within the home with growing health issues around air and water quality. You can find out a little more by visiting our specialist web site at www.buygreenhomesaz.com
Looking Forward - 2009 & Beyond
We are asked many times, "What is going to happen in 2009?" Is it going to get better? My answer is that in someways it already is. The problem is that the media has not been helping you much in terms of truly understanding the market locally here in Phoenix. Sure there are still challenges ahead, but take a look at the following chart showing the progress and change that is happening.
Solds are up slightly, the homes that hit the market during the financial crisis (Nov 08) have been sold Inventory is down significantly compared to 2007. Bank aid is driving more price stability as banks are financed to be able to sit on homes longer. The real question is are we potentially going to see a deepening recession and more wide spread job loss.
Remaining inventory is what is left that is fueling continued price declines. Prices are almost on average back to 2004 numbers. Some Phoenix markets are performing better, some worse.
The remaining inventory is being sold as prices for these homes are 50% of construction costs in many cases. Some are even lower in price. When you combine that with 5% or less interest rates, I expect to see 2009 as a decline year, but it has the potential to recover. Why? because the difference between a buyers and sellers market is closer than you may think:
Buyers Market 7+ Months of Inventory
Balanced Market 5-7 Months of Inventory
Sellers Market Less than 5 Months Inventory.
You can see by the data that we can easily shift from buyers to balanced to sellers market over a few months. Combined with new government, we can be a little optimistic.
I will keep you all informed as the year progresses. Take a look at the market snap shot tool to the left, it is the tool you need to have local data like that below for your neighborhood or an area of interest. Sold V Active, Time on Market, Price Sold all with dynamic maps enjoy. I will talk with you soon. NH.
Ask About Our Service Guarantee
Ask About our Proprietary V/p Analysis for Listing your Home
After spending over a decade in large & small software development operations, I have a lot of experience with leadership, communication and technology. I enjoy applying those skills in the Real Estate arena and find that the same concepts apply universally. Nathan and I are excited about the technology that we are making available to our customers on our website (www.azho.me) and that we are using behind-the-scenes for customer service.
My Services
My current focus is as a Buyer’s Agent. One of the most rewarding things about this challenging market is seeing customers who may have been “priced-out” of the market a few years ago able to get into their dream home today. I also support Nathan on the Listing Services, particularly conducting Open Houses and working with potential buyers.
With the New Year there is a sense of a new beginning, a new optimism and therefore, new opportunity to sell your home.
With the Holman and Holman Team, we are your choice in this market to sell your home. Why?
1) With us you get a team, A team of dedicated Agents that are here to serve you, you do not just get the services and attention of one.
2) We have incredible marketing capability that is backed by the ability to syndicate across multiple service providers to market your home with the Point 2TM network. The following diagram shows our ability to market across these partners and who they are. We know you will recognise many:
Furthermore, we have successfully agreed through this network to also market your home on the co-operating agents websites across the area. We are currently agreed and handshaked with over 200 Agents. This means that there are over 230 WEB sites that will have your home listed on it.
3) We also have our own marketing powerhouse of successfull web sites. The Holman and Holman Network will also be utilised to the fullest. Each site within it has it's own marketing appeal and service appeal that once entered a web surfer can browse and follow banner adds and links that extends across 12 different sites. These sites in aggregate are realising on average a user hit volume of over 10,000 hits per month. Our E-Marketing and Cross Sell strategy is Best in Class within the Market.
4) Your home will also be listed with a virtual tour profile at REALTOR.com Arguably the largest user volume service site on the net for home sellers.
5) Each home will have a virtual tour as a minimum and we will take high resolution photo shots and digitally include these in your home profile.
6) We will also consider the specifics of your home and choose additional marketing avenues based on the target audience that we will be marketing too. If your home is a premium home that has distinct appeal and features. We will also leverage our own proprietary service "The Platinum Realty Collection" and your home will have it's own dedicated web domain an example of which can be seen at www.lakesidebliss.com. This is additional to traditional print mediums and other media service that will be explored to best market your home.
7)We make working with us easier and less time consuming and demanding on you. How, we pride ourselves on the utilisation of technology and the "e-enablement" of our process. We utilise technology to minimise inconvenience for you, and deliver docs electronically through your email. Learn More......
8)We are contactable and we total access to emails and telephones. We all carry email enabled devices as our cell phone solution. We also all have cell phones.
9)We bring leveragble experience that is going to put the selling of your home into safe hands.
10) If after all this you are not sure what you want to do, if you want to buy or sell or stay where you are but still need to be sure. Lets Chat On It. This is our own chat and forum service that enables you to ask any questions that you may have. Alternatively you can call us locally at: 623 322 2850
Our Service areas are Phoenix, Scottsdale, Peoria, Cave Creek, Glendale
The Holman and Holman team have regularly been asked if we know of good service companies that are willing to work as hard for the dollar as we are. We understand the value of everyones earned dollar.
With our launch of www.directoryservicesAZ.com we have tried to take some of the guess work out of the process, but also to give you the full opportunity to rate the services received from all companies that are listed.
Go on the odds are improved just that little bit more in your favor, and best of all these services are free compliments of the Holman and Holman Team.
In todays market with the abundance of information on demand you can find out about anything if you know where to look.
If you have ever wondered about a community, it's services, the employment levels, you can find with us. We have the latest interactive map technology that will help you find the community in which you want to live tomorrow. It is available to you free here or as part of our entire service solution in buying through us.
Please explore more here and do not hesitate to contact us to serve your needs as a home buyer.
We look forward to serving you.
Nathan Holman - REALTOR - Realty USA southwest
Serving: Glendale, Scottsdale, Phoenix, Peoria, Cave Creek, Glendale.
Do you want to find your home or at least understand what is out there on the market without pressure with form to complete without phone calls.
We understand that you need to have your own time to be able to view homes within any given neighbourhood.
So we have totally opened up our MLS search capabilities to you and no you do not have to complete forms in the process. This was a decision made by popular request. We know that when you see our marketing and our approach to serving you as our customer you will choose the right team to service your needs. Here is a refresh of our capabilities today that can serve you:
1) Our web network for home marketing extends to over 42 different web services in total that you can have your home marketed through.
2) Our customer centric approach to serving you, puts you at the center of the process and is based on your needs, not ours;
3) We leverage the very latest technology to e-enable our processes to minimize your inconvenience, this reduces your need to find a fax machine as it can be done electronically and securely;
4) You have a team of very dedicated Agents that have years of professional skill development and expertise that will be put to practice to serve you they include:
Advanced Marketing and Web Marketing;
Advanced Market Analysis Skills & Professional Buying Skills;
Highly Leveraged Negotiation Skills developed over years serving large corporations in America to help them make more money and save more money. These same skills and advanced negotiation skills will be put to practice to serve you;
Contact us now we can help.
Nathan Holman - REALTOR
Realty USA Southwest - Serving Glendale, Scottsdale, Phoenix, Peoria, Cave Creek, Glendale
You can do all these things in the comfort of your own home, all you have to do is get the coffee and start typing your Real Estate questions. No more dwelling on issues or questions that you may have on the AZ Real Estate market, Mortgages, Finance, Selling, Buying, Contracts, you name it. Whatever the Real Estate or Mortgage question you can ask us.
How I hear you say? ChatOnIt....... www.ChatOnIt.com is our new forum service that is going to be integrated with all of our real estate service sites. We know this is one more item of value and convenience that you are looking for when you choose a Real Estate Agent to work with. Better yet if the questions have been asked before you can search for possible answers.
ChatOnIT is backed and supported by the Holman and Holman Team and by Tom Koon our mortgage partner of choice.
A well developed marketing strategy is essential is selling homes. Not just any marketing strategy, a strategy that is tailored. A well thought out strategy that is tailored for the target buyers/audience in marketing is essential.
At Holman & Holman you have a team of executives, marketing leaders, technologists and negotiation experts that are proven in multiple industries. We are leveraging technology to bring you the best solutions in home marketing, real estate servicing and buying services. Recently we have significantly expanded our own web marketing newtork with the launch of www.DirectoryServicesAZ.com Just another tool to help in the cross sell of homes in any market segment.
Today I am pleased to announce the launch of the Platinum Realty Collection. A premium selection of exquisite estates throughout the phoenix metro areas. www.PlatinumRealtyCollection.comrepresents a market segment strategy that is tailored for each individual homes characteristics. We take those characteristics that are the pivotal selling point of the home and we make it the focal point of the entire marketing approach. How? well PlatinumRealtyCollection.com is the hub of proprietary web domains that have been purchased over time that represent the typical features of premier homes and realty throughout the valley, these features are the "focal point" I mentioned earlier. A great example would be a Lake Side View home that can be found at www.lakesidebliss.com.
Furthermore we will take LakeSideBliss and leverage the marketing appeal of that throughout all marketing mediums that we choose, Print, Media, Internet etc again based on the target audience.
We think you will agree, that this represents a powerful marketing engine that is market leading and a differentiator. At Holman & Holman you get a "Commitment to Excellence through Innovation, Integrity and Quality".
If you are interested in listing with us through this exclusive program, you can do so by contacting us at:
One of the great things about working in this industry is that you get to meet many great people from different backgrounds with different skills and services that can help you bring premium value to your customers.
I am looking for great service Partners to join me. Yesterday we had a very exciting day in launching http://www.directoryservicesaz.com/ This is your single reference site for great service partners that are here to help people buy a home, sell a home, making a house a home, changing a homes look, making it more secure you name it. I am looking for great service partners that can help me service my customers to the highest levels of quality and standards.
I am looking for partners that are located in the AZ metro areas that can serve the valley. All you have to do is visit http://www.directoryservicesaz.com/ and register it is free. The directory is using the latest state of the art indexing and key word linking that will also ensure improved Search Engine visibility. Through this service there will be great cross sell opportunities for us all.
I am looking for all service partners with the only exclusion of Agents/Brokers.
Thank you so much and look forward to working with you.
Happy Holidays
Nathan Holman - REALTOR -The Holman & Holman Team - Realty USA Southwest
Service Areas: Glendale, Scottsdale, Phoenix, Peoria, Cave Creek
Welcome to the AZHome Team Blog at Active Rain. This is the Blog for Real Estate issues and practices and Trend Insight for AZ covering Phoenix, Scottsdale, Glendale, Peoria, Cave Creek. Blog written by: Nathan Holman - REALTOR, e-Pro,
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.
Hello & Welcome
;)
;)
