Al's Blog

The Real Estate Agent for 2010..."What to do?"

RE/MAX Homes & Estates-Broker\Owner — Fri, 20 Nov 2009 17:30:59 -0600

As a broker/owner and leader in my industry, I talk to agents in terms of reality, in terms of perception and in near future terms. This has been a tough 3 years for our industry, everything has changed and nothing that we know of our industry will be the same. The rules and the playing field have changed for the serious real estate agent. The foreclosure market, the unemployment market, the lending market is in turmoil. No one knows for sure were we are at. NAR states that we have hit the bottom and we are on our way to recovery. The Government states that we are recovering and that all figures are improving. Both of them are trying to paint a perception of recovery.

Yet, as I write this today, 14% of the nation homeownership is in default status, the highest ever. Prime loans have surpassed Sub-prime loans in default (no income, no jobs.) An official who heads one of the Short sale and REO divisions of Wells Fargo said that only 18% of modifications are approved. 70% of those approved return to default status again. They are getting a lot of pressure from the Government to keep people in their homes and prevent foreclosure. But what are you going to do when they have no income? We all agree their will be more foreclosures coming next year, possibly in the first part of next year....how soon and how much is the big mystery. That's the reality of it all. The recovery will not happen until we put people back on jobs and we sell all of the foreclosed, short sale and default non performing properties. And there is a lot of it. How much? A lot!

Short Sales will be a big factor in the next 2 years. Some areas have a shortage of inventory...especially below the $300,000 price range. What a strange market..., sellers do not what to sell...they are waiting for the values to go up.....and they also don't want to sell when they are unsure about their employment status....buyers to don't want to buy for the same reasons.....But at the same time, a lot of real estate sold this year...buyers bought and sellers sold....what type of transactions? For the most part, it was all first-time buyers. What did they buy....REO's and short sale properties? Being an REO Broker...I get multiple offers on all of my REO listings. A lot of real estate agents made more money this year than last year. I know, I have some of those agents in my office.

Agents ask themselves... What can I do, what can I focus on and what shall I do next year? Will I stay in business? The agents, brokers, owners and mangers who are left (I call them serious professionals who try to make a living as real estate agents in this market) have had a real challenge to be successful in this market that has never been faced in this magnitude before. We need to focus on the reality of the market and the reality of how we prospect and generate business in this changed market. Making sure we spent our time, money and resources in the areas that will make the biggest impact in our business.

Listings. For the most part a listing agent will always control their business and control their income. As a listing agent, if you have the inventory in any market you will be more in control of your business. By now, we all know focus on Short Sale listings right? Get a list of homeowners in default and make a commitment to visit homeowners about there options (this is still, and always will be, a contact sport). Banks are making the processing of short sales more streamline. Bond a strong business relationship with one of the major banks loan officers. They will be in control of a lot of short sale and REO business.

Social Networking. Join an organization, get involved in the community, it will probably do you good to get your mind off of this frustrating business and just enjoy yourself in organization or club of your choice. People in default are everywhere. Join a social network, become an expert of a neighborhood, association, city, etc. Talk to them about the default market, about options and tell them that you are just like them and you can help. People will start to open up to you if they know you as a person. Social networks like facebook for example work very well.

Open houses. It's a great to find leads and business....nosy neighbors are sometimes homeowners in default and just want to talk to someone about their options and they become seller leads. This helps you stock up on your qualified buyers, so that when the inventory starts to hit the market again....your ready.

Real Estate office. Be associated with an office that has a leadership that leads from the front and is looking to help their agents and the office by associating themselves with a stream of leads for this type of market. Is the leadership of your office optimistic about this market? Are they providing training and leadership and paving the way to succeed in this changed market. Are they giving the agents valuable "know how" and "valuable training" for this market. Are they providing "value added" training and sales meetings that will help you earn more business. Or are they wasting your time on house keeping topics. Does the office have the short sale and REO inventory that provides opportunities for open houses that will generate buyer and seller leads for the rest of the agents. Does your office have experienced and seasoned agents that you can learn from and who provide a positive atmosphere.

Invest in your profession. The business as we knew it is gone. We need to learn how to be a better consultant. Specialize and become an expert in a chosen field, like short sales, the senior market, probate sales, etc. Find a niche and a prospecting market. I have one very successful agent in my office that specializes it short sales. I have another that focus on homeowners with a lot of equity and "free & clear" properties. I have another that does nothing but open houses, like every other day. I have a team of two agents that specialize in the senior market. I have another who works her sphere of influences and gets a lot of referrals.

None of these suggestions are a quick fix. But if you focus on them...you will be in place to make contact with more people and close some deals. As little as they are, you will be one of the few closing deals. The volume and income levels will not be like they use to be.....but you will earn a good living. This market is for the agent that has chosen to be a real estate professional, earn a living helping people sellers and buyers. This is a profession that takes the stress out from their hands and into yours. The result, is a happy client for life....that's not an easy job. But that's why they pay you the big commissions. Not everyone can do this type of career. Unlike, the last waive of people who got their license for the sole purpose of making big commission and selling and buying homes for their family members and friends. If you have adjusted your expenses and standard of living....and are focusing on productive activities and being proactive...you will be ok. Remember, what ever prospecting system you chose to focus on now...will result in a positive outcome two to three months from now. If you are doing nothing, if your are waiting for the next waive of REO's to hit the market, waiting for financing to get easier or waiting for the government to drop a magic pill in the economy......then you will not have such a good outcome three months from now. I can guarantee you one thing; there will be a lot of properties selling next year and agents making a good income next year doing it. Do you want to be a part of it?

It's back to the old fashion reason to stay in real estate, the love of helping people in the most stressful part of their life. And for that, you get paid the big bucks and make a good living.

Short Sale Opportunities for Agents...Got Better!!!

RE/MAX Homes & Estates-Broker\Owner — Fri, 15 May 2009 15:09:03 -0500

Short Sale Opportunities for Agents...Got Better!!!

Here Are the New Obama Administration Financial Incentives & Uniform Process for Short Sales. For all agents who are working short sales...Very Important!!

http://www.realtor.org/wps/wcm/connect/15c5e0004e1a95378582f7ec21680fb0/government_affairs_short_sales.pdf?MOD=AJPERES&CACHEID=15c5e0004e1a95378582f7ec21680fb0

Obama Administration Expands Mortgage-Aid Plan-Short Sale Opportunities!

RE/MAX Homes & Estates-Broker\Owner — Thu, 14 May 2009 15:43:12 -0500

SHORT SALE OPPORTUNITIES FOR THE PROFESSIONAL REALTOR!!!! (CDPE)

Amid rising U.S. foreclosure filings, U.S. government officials Thursday announced plans to broaden their efforts to help troubled homeowners and further ease the housing crisis. Officials announced two new programs: one aimed at giving mortgage servicers incentives to relocate troubled homeowners to a home they can afford, and another that will provide lenders incentives to modify loans in areas where home price declines have been severe.

Under the new program administration officials unveiled Thursday to help provide foreclosure alternatives, Treasury plans to encourage servicers to consider a short sale or deed-in-lieu if a borrowers doesn't meet the eligibility requirements under the government's plan to encourage.

In a short-sale, a servicer would allow the borrower to sell the property at its current value. With a deed-in-lieu, the borrower would be able to voluntarily transfer ownership of the property to the servicer. Treasury said mortgage servicers have generally opted to pursue foreclosures instead of these two complex transactions even in cases where a short sale or deed-in-lieu would be a better outcome for borrowers, investors and communities.

As part of the new efforts to protect against falling home prices, the government will make payments of up to $10 billion to encourage lenders, servicers and investors to modify rather than foreclose. The goal is to boost the number of loan modifications in areas of the country that have seen prices plummet drastically.

The Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan provided an the update on their housing efforts today in a news conference.

This is going to increase the need for a professional Short Sale expert. If your serious about your career look into the CDPE designation (http://www.cdpenow.com/).

In my office I already have 40% of my agents who have earned this designation. As a REO BROKER, I burn the candle on both sides....Pre-foreclosure and Post-foreclosure (REO). This is why our office is doing well. We are focused on what is happening in the market now. I would encourage you to do the same.

Obama Administration Expands Mortgage-Aid Plan-Short Sale Opportunities!

RE/MAX Homes & Estates-Broker\Owner — Thu, 14 May 2009 15:29:30 -0500

SHORT SALE OPPORTUNITIES FOR THE PROFESSIONAL REALTOR!!!! (CDPE)

The Treasury Secretary Timothy Geithner and Housing and Urban Development Secretary Shaun Donovan provided an the update on their housing efforts today in a news conference.

This is going to increase the need for a professional Short Sale expert. If your serious about your career look into the CDPE designation (http://www.cdpenow.com/).

Waiting for more REO Inventory!

RE/MAX Homes & Estates-Broker\Owner — Tue, 12 May 2009 00:32:33 -0500

Running very low on my REO listings, I've sold everything and waiting for a few properties to vacate. I have been told by different Asset Managers I work with, that it will soon start to flood....been waiting for about a month now. In Northern California...it's flooding with new REO's. Anyone have any latest updates?

PLAN FOR SUCCESS, WORK HARD, AND ACCEPT NO OTHER OUTCOME

RE/MAX Homes & Estates-Broker\Owner — Tue, 28 Apr 2009 18:08:41 -0500

PLAN FOR SUCCESS, WORK HARD, AND ACCEPT NO OTHER OUTCOME...We have before us a once-in-lifetime opportunity in which hard working, forward-thinking, consistently driven Real Estate Broker/Owners and Agents will find new paths to success. In the last year or so...those who are tired, worn out, unorganized, under capitalized, dispirited or not willing to invest in themselves or their profession..have failed and have disappeared from our industry. We must all be persistent these days. As a Broker, Owner or manager, you need a burning desire to generate profits and provide services for your agents and their customers. You need a specific plan; perhaps a renewed commitment to recruiting, or a shift in your business plan. You need to block out doubt, fear and negative influences. And finally, you need people who support you efforts. From your agents and fellow Brokers/Owners. A hand for those Broker/Owners who have done this for their agents and proved to themselfs...that they are the few and the proud.

Deliquent RE\MAX Monthly Dues & Fees

RE/MAX Homes & Estates-Broker\Owner — Wed, 16 Jan 2008 18:31:48 -0600

As most of you know, here in California we have our current challenges. As a Broker\owner, part of getting a office lean and mean is to let go of agents that do not look promising and are not paying their fees. But, want do you do when an agent is working hard and has activity but has nothing near a escrow and they are approaching two months or so in delinquent monthly dues they have not paid. And you know they are struggling financially and are being honest with you. They tell you that when they close a deal, you can take it out of there commissions.

How much longer do you keep them and when do you make that decision to let them go. I would appreciate some inside from other RE\MAX broker\owners on their opinions and what they do to handle this situation.

The Real Morons of Orange County

RE/MAX Homes & Estates-Broker\Owner — Wed, 16 Jan 2008 00:17:39 -0600

Here is an article I read while googeling Irvine.....I don't know which way to think about it. So I thought I shared it.

The Real Morons of Orange County Why America's most reckless real estate investors come from Irvine, Calif.

By Daniel Gross
Posted Thursday, July 26, 2007, at 5:05 PM ET

Until recently, Orange County was the New Jersey to Los Angeles' New York City. Upscale, but generally ignored, and nowhere near as chic or happening as its urbane neighbor. Television helped change the image, with glitzy offerings like The O.C., Laguna Beach, and The Real Housewives of Orange County .

These shows portray the beachside O.C. as the capital of plastic surgery and extreme consumption. But inland, just over the hills, the massive planned community of Irvine has become the nation's capital of real estate folly. And that's surprising, given that Irvine is itself a result of one of the great real estate investment plays of all time.

The transformation of the Irvine Ranch from a sparsely populated agricultural tract into a densely populated upscale edge city is astonishing. The Irvine Ranch's owners have amassed huge fortunes through their financial acumen. ( Donald Bren is No. 27 on the Forbes 400.) Incorporated in 1971 , Irvine boasts a diversified economy and superb university, is populated by many blue-chip companies, and projects an image of suburban perfection, thanks to strict zoning laws that enforce design continuity. When I visited in the late 1990s, the mayor freely acknowledged that many non-Irvine dwellers view it as sort of a Stepford community, but smilingly noted that it was all about maintaining standards and, hence, property values.

As subprime lending grew in this decade from a tiny niche into a substantial market presence, Irvine-based companies surged. Its corporate citizens include: Option One Mortgage Corp., the subprime subsidiary of H&R Block sold in April at a knock-down price to private equity firm Cerberus; New Century Financial, which went tapioca in spectacular fashion in April; and mammoth, still-solvent subprime outfits Ameriquest and Argent.

The subprime loans made by Irvine-based subprime lenders were rapidly securitized-sliced and diced into bonds, packaged together with other securities, and molded into pools dubbed collateralized mortgage obligations. Leveraged investments in CMOs have caused a great deal of pain everywhere from Wall Street, where they helped sink two Bear Stearns hedge funds, to Australia. But the locals also ate some of the toxic effluent produced by Irvine's debt factories. In June, Irvine-based Brookstreet Securities ran into trouble after it allowed customers to buy CMOs obligations on margin. It shut down completely on June 30.

Brookstreet's rapid demise is an object lesson in how highly leveraged investments can turn sour quickly. Another Irvine-based operation, IrvineHousingblog, brilliantly drives home the same point with daily dispatches. The blog is a guide to the seventh circle of real estate hell-people who buy houses on spec with no money down. A typical entry chronicles the purchase price, tracks down the amount of debt on the property, and then calculates how much each party-the buyer, the first mortgage holder, the second mortgage holder-stands to lose assuming the seller receives the asking price. My favorite thus far is the house for which somebody paid $1.29 million in May 2006, putting down only $91,000 in cash. Today it's on the market for $850,000, a whopping 34 percent reduction in about a year.

It's not surprising that Irvine is a center of reckless real estate lending and borrowing. It's a classic industry cluster of the type seen in areas that lack natural resources. Detroit's auto manufacturers encouraged the local growth of auto parts suppliers, companies that finance auto purchases, and publications that cover the auto industry. In Silicon Valley in the 1990s, the people who created dot-com companies were co-located with the venture capitalists who funded them, the investment bankers and brokers who helped take them public, and with many of the investors who got killed when the NASDAQ tanked. Irvine may have built up a diversified economy, but it remains a company town-one whose fortunes are highly leveraged to the highly leveraged real estate industry.

MANAGEMENT\MENTORING LEADERSHIP OPPORTUNITY!

RE/MAX Homes & Estates-Broker\Owner — Tue, 15 Jan 2008 19:28:24 -0600

I'm currently seeking an experienced agent who is currently managing or mentoring agents and is looking for a change. Or for an agent who is looking for something more in their career and would like to assist in developing and office and agents. Tremendous opportunity with RE\MAX an International company. Established training program in place. Along, with strong recruiting incentives, support systems, lead system, etc.

If you would be interested in talking with me or setting up confidential meeting, call me at (714) 453-3130 or (951) 533-5753

MANAGEMENT/MENTORING LEADERSHIP OPPORTUNITY

RE/MAX Homes & Estates-Broker\Owner — Tue, 15 Jan 2008 19:24:45 -0600

If you would be interested in talking with me or setting up confidential meeting, call me at (714) 453-3130 or (951) 533-5753

MARKETING OPPORTUNITY FOR BUSINESS WITH INVESTORS!!

RE/MAX Homes & Estates-Broker\Owner — Wed, 09 Jan 2008 00:11:48 -0600

If you missed the boat on jumping on the band wagon for generating business by representing banks on their REO's. Don't worry..every realtors mom and dad is trying to jump on boat to estatblish a bank relationship to list their REO's. The smart agents were doing this early last year predicting the market ahead of time. And a lot of the realtors that were around selling REO's in the 90's have come back and reestablished their relationships with the banks and are doing well. I know this for a fact, because I have two of them in my office doing very well.

All of the signs, news, pestimistic views of the current market we are currently experiencing remind me of the late 90"s. It's like deja vu...I and a few of agents back then were buying and making low ball offers on REO properties to rent and hold...and we ended up selling them in 4 years ago for a profit.

Prices are dropping in areas like the Inland Empire. Riverside, Corona, Moreno Valley, Perris and the High Desert Areas. A lot of REO's are coming up. If you offer the right price you can rent and hold on. There is a lot of investors that are optimistic on the market and are looking for REALTORS to guide and help them find the right properties to buy, rent & hold.

Study these areas....know the rental markets....study the vacancy markets...keep on top of the financing markets for non-owner occupied financing....study the numbers...hook up with a good property manangment company you can refer these investors too, http://www.ocremaxrentals.com/, one that will help you sell your investor clients on the investment and the market.

Advertise yourself to investors....with your knowledge....your expertise......

If you have any questions on these subject, feel free to call me.

MARKETING OPPORTUNITY FOR BUSINESS WITH INVESTORS!!

RE/MAX Homes & Estates-Broker\Owner — Wed, 09 Jan 2008 00:01:52 -0600

Study these areas....know the rental markets....study the vacancy markets...keep on top of the financing markets for non-owner occupied financing....study the numbers...hook up with a good property manangment company you can refer these investors too, www.ocremaxrentals.com, one that will help you sell your investor clients on the investment and the market.

Advertise yourself to investors....with your knowledge....your expertise......

If you have any questions on these subject, feel free to call me.

Hello

RE/MAX Homes & Estates-Broker\Owner — Sun, 06 Jan 2008 23:16:28 -0600

I just wanted to take the opportunity to say hi to everyone on RE/MAX Broker/Owners/Managers group blog. I look forward in many exchanges of tips and information that can help us in 2008.

Hello

RE/MAX Homes & Estates-Broker\Owner — Sun, 06 Jan 2008 23:12:17 -0600

I just wanted to take this opportunity to say hi to everyone as a new member of RE/MAX Active Rain Bloggers.

Opportunities In RE\MAX office in Orange!

RE/MAX Homes & Estates-Broker\Owner — Sun, 06 Jan 2008 16:05:33 -0600

I'm currently looking for sharp entrepreneur type agents who are looking to possibly make some changes for 2008. We have opportunities in our office for mentors, trainers both in real estate and lending sales. We have office space available for successful producing agents. We provide a leadership by example positive type enviroment and an experienced leadership in these types of markets. A very professional and modern office with staff and support systems in place. And of course top commission. Training offered both in office and as well as RE\MAX regional training. State of the art Lead generating system with no cost to the agents Through our "Lead Generating System". A state of he art promotional on-line "Design Center" for all of your flyer's, web commercials brochures, post cards, etc. at no cost to our agents. Much more!

RE\MAX has been through these types of markets and will continue to do well. Click on these "link" for more information: http://www.joinremax.com

If you have any questions please feel free to call me at (714) 453-3130 or (951) 533-5753

NEW STATE OF MIND FOR 2008

RE/MAX Homes & Estates-Broker\Owner — Tue, 01 Jan 2008 16:00:16 -0600

2007 is gone and the anticipation of what was going to happen in the market has already happened and more of the same thing that has been happening in the later part of 2007 will continue to happen.

The only thing we can change and have total control of is our "State of Mind". If you have made a commitment to stay in this market and tough it out. Look at 2008 as a new type of prospect with its current characteristics and figure out how you are going to get this prospects attention and how you are going to make this new prospect your client.....and ultimately make a good living in 2008... this is the State of Mind that we have to keep.

Good luck everyone!

NEW STATE OF MIND FOR 2008

RE/MAX Homes & Estates-Broker\Owner — Tue, 01 Jan 2008 15:57:58 -0600

2007 is gone and the anticipation of what was going to happen in the market has already happened and more of the same thing that has been happening in the later part of 2007 will continue to happen.

Good luck everyone!

Breeding of a Professional Agent and Lender 2007 & 2008

RE/MAX Homes & Estates-Broker\Owner — Sat, 29 Dec 2007 15:42:54 -0600

2007It's gone!

Much more havoc will be in store for a lot of agents, lenders and homeowners....but with that comes an enormous number of opportunities to profit both in investing in real estate and working as a professional in real estate. These are the types of markets that breed professionals. Come January...will be very interesting...I think the Association of Realtors numbers for members in California will not be as optimistic. A lot of so called licensed agents who have closed maybe a few deals or have not closed a deal in 2007 will not be able to afford the renewal fees..let alone there personal fiances. I saw this happen in the early 90's.

Commitment to the profession of real estate, investment of time in learning skills, developing negotiating skills, developing creative financing skills and the most important of all......prospecting skills, with out this one...you will have no one to apply the first skills on. And of course...keeping a positive attitude...this market will correct itself to a normal flowing market eventually. These are the types of agents and lenders that this market will breed. Along with new coming people to this industry. They will have the right attitude and expectations to enter this market.

Breeding of a Professional Agent and Lender 2007 & 2008

RE/MAX Homes & Estates-Broker\Owner — Sat, 29 Dec 2007 15:40:43 -0600

2007It's gone!

Newly Built Home! 13375 Ocotillo Rd., Cabazon, CA

RE/MAX Homes & Estates-Broker\Owner — Mon, 24 Dec 2007 22:53:41 -0600

Alfred Villegas

Residential

Mon, Dec 24, 2007 08:49 PM

Ref: 1

Single Family Residence

Attached

RES

Active

13375 Ocotillo Rd

Cabazon (CABA)

Price $234,900

Banning/Beaumont/Cherry Valley (263)

Zip 92282-

TGNO 724f2

Riverside County (RI)

XSTS Tamarack & Sagebrush

Aerial Map

P612669

Media: 12

Builder Tract Custom (CUST)

Bed 3

Model (0)

Baths 2

Style Modern

Stories One Level

Floor

View Desert View, Mountain View

HOA Dues $ 0 + $ 0

ASqFt 1,633 Builder

YrBlt 2007 Builder

Land Fee

ALotSize 11,325

Assessor

Dim

Acres 0.26

Prkng Garage Attached

Garage 2 A

Rem

Spc

Cprt

RV Acc

Range $: No

Range Price Listing: No

Brand new custom built home with 3 bedrooms and 2 baths. Beautiful arch front design with tile roof. Tile floors, wall-to wall carpeting throughout and granite counter tops in kitchen. Fully coverd patio with concrete flooring and sliding glass doors. French doors in master bedroom. Gorgeous mountain and desert views.

Rooms

Bedrooms	Living Rm	Dining Eating Area
Other

Amenities

Pool No Pool	Spa No Spa	TV	Firepl Living Room	Security
Appliances			Other
High or Mid-Rise Amenities

Interior

Heating Forced Air	Cooling Central	Floors Ceramic Tile, Wall-to-Wall Carpet
Interior Misc

Exterior/Structural

	Entry Location Ground Level - no steps	Common Walls No one below
Roof Spanish Clay Tile	Plumbing	Patio
Cond	Sprinklers	Doors/Windows
Exterior Construction Stucco

Lot Description

APNO 517-283-013	Zoning	Lot/Block/Tract 60//000
Lot	Legal
Sewer Septic Tank	Water Other	Yard

Community/Association

HS Dist Banning Unified School District		Elemen call	Junior School		High Sch
Amenities
Units		HOA Dues $ 0 + $ 0	Mello Roos Yes
Land Fee	Lse Trans $	Land Lse/Yr $		Lse Ren		Lse Exp
City Inspect No	Builder's Name

Contact Information

This Report was created by:
Agent: Alfred Villegas	Phone: 951-533-5753	Mobile Ph:	Pager:
Office: ReMax Homes & Estates	Fax: 714-453-3140	Email: avillegas@remaxhomesandestates.net	Website: http://www.remaxhomesandestates.net/

Gorgeous Custom Built Home! 13335 E. Ocotillo Rd., Cabazon, CA

RE/MAX Homes & Estates-Broker\Owner — Mon, 24 Dec 2007 22:46:21 -0600

Alfred Villegas

Residential

Mon, Dec 24, 2007 08:43 PM

Ref: 1

Single Family Residence

Detached

RES

Active

13335 E Ocotillo Rd

Cabazon (CABA)

Price $269,900*


Banning/Beaumont/Cherry Valley (263)		Zip 92282-		TGNO 724F2
Riverside County (RI)		XSTS Haugen/Lehmann and Sagebrush		Aerial Map

P563322	Media: 17	Builder Tract Unknown (UNKN)
Bed 3		Model (U)
Baths 2	Style Contemporary/Modern	Stories One Level		Floor of 1
View Desert View, Mountain View				HOA Dues $ 0 + $ 0	$
ASqFt 1,650 Estimated		YrBlt 2006 Assessor		Land Fee
ALotSize 10,320		Assessor	Dim	Acres 0.24
Prkng Garage Attached
Garage 2 A	Rem	Spc	Cprt	RV Acc	Range $: No
Range Price Listing: No

PRICE REDUCED EVEN FURTHER!!!Beautiful custom built single story 3 bdrm/2 bath home in White Water! Great modern kitchen; stainless steel appliances. Gorgeous Italian tile floors throughout; lush Berber carpet in bedrooms. Master bedroom has a retreat and a walk-in closet. Upgraded features throughout. Approximately 4 miles from Casino Morongo and Famous Desert Premium Outlets. Best looking home in area! No detail was overlooked in the construction of this goreous home! Must see!!!

Rooms

Bedrooms Master Bedroom Retreat, Walk-In Closet	Living Rm Living Rm Entrance	Dining In Kitchen
Other Laundry In Garage

Amenities

Pool No Pool	Spa No Spa	TV	Firepl Living Room	Security
Appliances Dishwasher, Microwave			Other
High or Mid-Rise Amenities

Interior

Heating Forced Air	Cooling Central	Floors Ceramic Tile, Wall-to-Wall Carpet
Interior Misc Window Blinds

Exterior/Structural

	Entry Location Ground Level - no steps	Common Walls
Roof Spanish Clay Tile	Plumbing	Patio Concrete Slab
Cond	Sprinklers	Doors/Windows
Exterior Construction Stucco

Lot Description

APNO 517-273-010	Zoning	Lot/Block/Tract 163//000
Lot	Legal
Sewer Septic Tank	Water Other	Yard

Community/Association

HS Dist Beaumont School District		Elemen	Junior		High Sch
Amenities
Units		HOA Dues $ 0 + $ 0	Mello Roos Unknown
Land Fee	Lse Trans $	Land Lse/Yr $		Lse Ren		Lse Exp
City Inspect Yes	Builder's Name unknown

Negative News (Try a New Concept)

RE/MAX Homes & Estates-Broker\Owner — Mon, 24 Dec 2007 19:37:55 -0600

I recently emailed Mr. Lancer of the OC Register (December 16th), being fed up with all of the negative articles he has been writing regarding the current Real Estate market, the foreclosures and the lending market. Owning a real estate office and being licensed since 1989, I thought he would need to hear from a real estate professional that has been through this type of market before. I did not expect a response from him. To this point my expectations have been true. I am enclosing a copy of this email for your everyone's information:

Mr. Lancer:

I have no doubt that you know your real estate business, but as a successful Real
Estate professional for the last 18 years and Broker/Owner of a Real Estate office
here in Orange County with 20 something agents, I must say you focus all your energy
on the negative and the cons of the Real Estate market. In the late 90's and
early 2000's, it was the same negative news and information. Yet, it was an excellent
opportunity to buy and invest. People who bought in that time frame did very well.The history of Real Estate has proven to be an excellent vehicle for most people to save and build equity in the long run. Our office, in the last 3 weeks, has become very active with buyers that are starting to make offers, open
escrow and view all of the excellent deals that are available. A majority of these
deals come from buyers who have been waiting for prices to come down. I don't
know the numbers out there, but I have a hunch, that there are a lot of folks that
are getting off the fence and are tired of renting.

Try this concept, look for the positives in this market and wake up in the morning
for being grateful for the opportunities this market has. Remember, all of the good
deals and opportunties are found in these types of markets. Try to balance life out and write something
positive for a change. Especially, when I think you are starting to run out of bad
news to write about in regards to foreclosures and the mortgage market.

You writers have so much influence on the perceptions that people will have about
this market. It's unfortunate that people are losing their homes, but its also
creating opportunities for buyers to buy on the fundamental qualifications for a loan.....by
saving for a down payment, affording the new payments on their current incomes and thru hard work they have earned and developed strong FICO scores.

I look forward on a change and some positive news from you.