I bought a house in Temecula CA, what do I need for taxes? - 01/31/11 12:12 AM
Now that tax time is creeping up on us, here is a little something you may want to keep in mind. 
When you closed your purchase, you among other things, received and signed a HUD1 final settlement statement. Did you keep a copy handy? 
I can understand, there are a few things we don't always like to do, one of those is big piles of paperwork... So we file it. Well, when you meet with your CPA or anyone else who is doing your taxes, make sure to mention that you purchased a home. Then wait for them to ask you for the … (4 comments)

What home for sale in the Redhawk neighborhood in Temecula CA do I want to buy? - 01/30/11 07:27 PM
Yesterday I received a phone call, this is a new client of mine, and he found me online. 
Initially asked if I can help, him and his wife find a suitable home, I said I would be happy to. 
My next question took him a little thinking, and while this is not unusual, it is also something you may want to give some thought before you just head out looking for a Redhawk home for sale in Temecula CA. 
What DO you want in a home? A roof? Sure - what about a garage? Yes - does it need to have … (0 comments)

How low can I bid on this house in Temecula CA? - 01/30/11 07:01 PM
So, another question that I have received more than once in the past year, pertains to the price to offer on a property. 
Here in the greater Temecula Valley CA, there are a few factors that will help you to determine price. 
First of all, let's look at comparable sales, you should always do this when considering making an offer. That way, you know if your price is in line with the market value. Don't just assume the asking price is right, more often than not, it isn't. 
Second, let's look at the market conditions, again, when looking at comparables, we … (0 comments)

I'm buying a home in Temecula, what inspector? - 01/30/11 06:52 PM
This is a reply to a email question I frequently receive from my clients, and even from non-clients.
When buying a home in the greater Temecula Valley, you will find yourself looking for a home inspector sooner or later.
Due to liability, we are not in the position to recommend one inspector, but I can give you a handful of names to call. Here are a few home inspectors for you to pick from, so, make your calls and see which one you like.
Steven - American Real Estate Inspection 951-308-2424 Steven@inspectionpro.com http://www.inspectionpro.com
Jeff George - WIN home inspections 951-443-5327 jgeorge@wini.com … (0 comments)

Video Intro - Terkel Sorensen - I think I got it. - 01/28/11 02:40 PM
If you have followed me any in the last week, you have probably seen enough of me to need a paperbag... I am pleased to let you now that I am finally done... I think... :-)
Here is my video introduction, the one on the business card, let me know what you think. 
The idea here is that you scan a barcode on my business card, and get to see this... The code is ocated in my signature on the right - go ahead, scan it... :-)
 
… (0 comments)

Morgan Hill Homes for sale, preview - 01/28/11 12:57 AM
Today, I had the opportunity to view a fabulous Morgan Hill home for sale. This home is built by McMillan, and has a lot of desireable features, such as
 
hardwood, tile and carpet.  Granite in the kitchen.  Nice pation with view and a  good size master bedroom.  
Take a look and let me know if you have any questions. 
 
… (0 comments)

Terkel Sorensen's Video Intro - 01/28/11 12:25 AM
This is a video intro for myself, I have recorded lots of video previews and tours of properties, neighborhoods, and ongoing events in the area... But, this is really a little about me, and how I can help you with real estate. 
There is a marketing thing going here too... So I want to show you what the use is. 

The idea is to allow the client to get to know me better, and using new media to do so. In this case we have a QR code on the front of my business card, when scanned, the user will … (6 comments)

Basic Video How To - 01/27/11 11:02 AM
Todays' quick post is a short lesson plan... I am teaching the class on how to shoot a video, and someone may just find these notes useful.
 
First - decide the purpose of the video, is it a home preview, and agent intro, client testimonial, or something entirely different? 
Most place will have you work on some sequencing, and we will get to that - first - lets make sure you have the equipment needed... 
A camera of some sort will come in handy - don't worry about what it is to start, just getting the film rolling is the … (4 comments)

Morgan Hill, Temecula CA, Market update, Sold first 2 weeks of January - 01/26/11 12:34 PM
Hello, and welcome to the new year. Here is a little something about the market. 
In Morgan Hill, Temecula CA, only 2 properties were sold in early January. Average price was $337, with 68 days on the market, and both were short sales. 
Both properties came in around 3000 square feet and had 4 bedrooms. 
 
Currently there are 25 active properties on the market in Morgan Hill, Temecula CA. About 8 of those are new construction advertised, and not ready to move in. Many are short sales and about 5 are bank owned. 
 
For more information, please contact me. 
… (0 comments)

Can zillow bring exposure to your testimonials? - 01/25/11 12:40 AM
I was just watching Tom Ferry talk about Zillow reviews - here
It just so happens, that I did a blast on it, last week... So here is one of the reviews that came back in:
 
Mr. Terkel Sorensen,
In a frustrating and financially difficult time you came out of the blue and helped us by finding a buyer for our home, walked us through the difficult process of a shortsale and helped us avoid forclosure.
Evelyn and I are extremely grateful and would recommend you to anyone.
Alan Stevens
 
I can't begin to tell you how happy we … (3 comments)

Buying in Temecula, CA - 01/24/11 02:56 AM
As a buyer in Temecula CA, there are some things you need to be aware of...
First off, get pre-approved, you need to have a budget.
Second, do some homework... make a list of the features you absolutely need, like number of bedrooms, etc...
Third, oh yeah, hire a good Realtor to represent you!
next up, go house hunting.
… (0 comments)

How to write a blog post on your android phone. - 01/24/11 02:34 AM
Ok, this sounds silly, why would iI want to blog from my phone. First off, Lauren in OC complained that she could not do it from her iPhone, iI have not had much luck, but there is a way...
 
Just so you know, I did try to copy and paste, but to no avail.
 
I ended  up tapping the tect field twice, then hold down the menu button, keep holding and the keyboard pops up. 
Typing is not easy, swype is not working and editing is hard.
But this post  was tapped in on my phone.
… (8 comments)

Morgan Hill. Temecula CA, homes for sale - Video preview. - 01/22/11 12:50 AM
Welcome back to Morgan Hill in Temecula CA, I am taking you on a preview tour, of a bank owned house here. As you may be aware, there are a lot of good homes out there, but the market is slowing down, less listings have been coming on, and many are taking time to sell, that could make for a good opportunity for the well positioned buyer.
If you want to see how easy it is to save money and achieve your goals, call me to arrange a free consultation.
… (2 comments)

What your Temecula lender does NOT want you know about loan modifications... - 01/20/11 03:08 PM
Ok, so you know they are talking loan modifications all day long - and as you know - there are a few questions. 
For one, is it a good idea? Well, that depends, if we are talking about a principal reduction - I would say yes, reduce what you owe to something close to market value... 
However, most loan mods come in the form of a rate reduction, some even temporary... Soo, how does that math work, especially if you are not late yet? 
Watch the video as I go over a simple math piece for you, and be ready to … (0 comments)

Murrieta Oaks, Murrieta CA home for sale - preview with Terkel - 01/20/11 02:57 PM
Another great property in Murrieta Oaks. This is a nice neighborhood in Murrieta, just south of Clinton Keith off the 215. This is a property that is ready to purchase, and for the price in here, this is about a 50% sale. 
Follow along with Terkel on this preview tour. 
… (2 comments)

I am Ready to Downsize my Los Angeles Home. Where Should I Go? - 01/20/11 02:52 PM
I came across this post, and it really applies almost anywhere you go. If you are thinking about downsizing in Temecula, you should read this!
Via Jane Peters - Los Angeles Real Estate (310-473-6919) (Power Brokers International, Inc.):
You know the story.  The kids are gone. You have more space than you could ever use.  The maintenance of the home is becoming more than you can handle and you are thinking, "should I downsize my Los Angeles home?"You have decided that you are ready and are wondering how to proceed:
Should I wait to sell my Los Angeles home? The good news is … (1 comments)

Murrieta Oaks, Murrieta CA homes for sale - preview tour - 01/20/11 12:52 PM
Here we are again, another bank owned home is up for sale in Murrieta Oaks in Murrieta CA. This is a nice neighborhood, clsoe to shopping (super target) and freeways - both the 15 and 215 are close by. Located just south of Clinton Keith and the 215 on the west side, this neighborhood features some great homes and floorplans, tag along with me as I give you a video tour of one of them.
 
… (0 comments)

Cell Phones - the smart Class... - 01/20/11 02:18 AM
Todays class is on Smart phones, it seems like it was simpler to turn it into a class, than just a talk. This way there is time to over the basics and to have some Q&A.
In addition, I am going to post the handouts here on Activerain, as you know, this is the defacto blogging platform for real estate, and it is my hope that some of you will pick up on it and start exploring.
Ok, let's get started.
First off, we are talking about the tools and benefits of using a smart phone, over say, a flip phone … (5 comments)

Loan Modification - Your lender do NOT want you to know this math... - 01/20/11 12:27 AM
If you are anything like me, you have heard a couple of rumors about little things, like Loan Modification, Short sale, etc. Even if you are not late on your mortgage payments, you can do these things with a reasonable hardship... So, let's play the devils advocate and pretend you are about to get a lower interest rate loan mod... 
If you want more on this math, call or email me, I am more than happy to share. 
 
… (0 comments)

Rancho Madera, Temecula gated community, join me for a drive... - 01/19/11 09:32 PM
This is an opportunity to take a look at a neighborhood in Temecula, the gated Rancho Madera where you can't just go for a spin. I drove through with the camera on, take a look at what this little community on the golf courses in Red Hawk has to offer. 
Sit back and join me, it is a very pleasant street to live on.
 
… (2 comments)

QR Codes for real estate - HOW to track scans, and change targets - 01/19/11 11:41 AM
Good Morning AR, as you know, I looked a little at this yesterday, and I have been working on it quite a bit with the office move and all. 
Now that I have a reasonable solution, I want to take the time and share. 
There has been a number of great posts recently on how to iplement the QR codes in your business, but I am sure many of you will agree, that lacking, has been any form of tracking what happens with those codes once you put them out there. 
What if, you could create a code where you can … (16 comments)

Morgan Hill Temecula, new construction by Standard Pacific. - 01/18/11 07:01 PM
Hi, as you know, I make my way around, and this time, I found something interesting in Morgan Hill. Asides from the two communities currently bveing built up there, it looks like something else is rumbling. This time, Morgan Hill is seing new construction by Standard Pacific homes. They are forming in this video, which means they are about two pour the foundation, ergo, I am going to say that sometime mid to late March, you will have a grand opening in Morgan Hill Temecula, new construction by Standard Pacific.... Call me with questions.
 

… (2 comments)

QR Codes - reuse the code with different URL's... Now you can print it and change it - 01/18/11 05:31 PM
So lately there has been a little talk about how to use the QR codes for your real estate business.
One of the problems I always have with new technologies is figuring out a way to track it. Imagine if you could tell when someone looks at your business card... Yeah, that would be neat eh?
So, the solution from a implementation point of view, is going to use a redirect online... Essentially, we send the user to that location, which immidiately redirects to the end location, since the intial page is the same, the redirect can be changed at will.
… (5 comments)

Hunters Ridge, Murrieta CA, will Lennar build more? - 01/14/11 02:25 PM

Here is the thing, these neighborhoods are all over, there are a few here in French Valley, some that are being developed, and then there are some like this one, that is, well, sitting here. 
Hunter's Ridge in Murrita CA, is (was) being built by Lennar, and once they got the models up, they sold them, and shut it down. It is still sitting there, with a couple fo developement signs out front, and a little work going on here and there, but not much actually happening. 
Check out map here, this is the site plan, and it is all … (0 comments)

Investment opportunity - I think - maybe a flip from hell? - 01/14/11 01:48 PM
Good morning friends. 
Yesterday I took it upon myself to go have a look at a house you might be interested in, keep in mind, a lot of you are looking for a good flip property, but don't always want the hassle of a trustee sale. 
So, here is a property that needs a little TLC as we would say. I won't let you don't, we are talking carpet, windows, a kitchen (there is a stove), and as you can imagine, a little trim work too... Well, be your own judge, tell me what you think.

… (0 comments)

Concord Estates, French Valley Temecula, home for sale preview - 01/13/11 12:26 PM
I'm at it again, the other day when I was in Concord Estates, I did come across a really nice home, see the video preview below. This is a single story, missing appliances, but that happens in our market. Although this house needs a cleaning and a new stove, it is not a bad home, and for Concord estates in Frenc Valley Temecula, this is not a bad deal at $230k. Take a look and call me with questions. 

… (5 comments)

KB Homes at Concord Estates in French Valley,Temecula - 01/13/11 11:51 AM
Here we go again, as I read the paper and see the dysmal outlook for this year and the next 50 or so... I keep wondering, why builders are opening new comunities. With the economy as ad as it is, they could not possibly expect to actually sell homes??? 
As time will have it, here is another hopeful, KB homes is starting up new contruction in Concord Estates here in French Valley. From the looks of it, I am going to say we may see models sometime this summer. Now that Ryland has shut down in Concord, this will be the … (2 comments)

Real Estate TV Shows make me barf! - 01/13/11 11:34 AM
Am I alone here or what? 
Straight up, my wife likes to watch the buyers show where they look at three houses... I'm not even going to try to remember what it is called. 
I watch these shows and I just about loose my cookies with some of the things these agents do, then I read about them travelling there from somewhere else, bumming offices and all kinds of good stuff. 
Nevermind the fact that they are not showing the process of selecting a house, but rather some other houses after the fact. 
Oh well, I guess I have high expetations … (9 comments)

La Cresta, Murrieta CA bank owned home for sale - video preview - 01/10/11 01:48 PM
There are bank owned homes, and then there are bank owned homes in La Cresta Murrieta CA. If you know anything about La Cresta, it would be that this is an upscale neighborhood, and that even shows in the bank owned listings. 
In this case, I am looking at a property that is in great condition, almost brand new and with a good deal of upgrades... Oh, and a view that you can't disregard. 
Tag along for a preview of this great La Cresta Murrieta CA bank owned property for sale. 

 
… (0 comments)

End of year - Murrieta Market Trend, Murrieta CA - 01/06/11 11:43 AM
We all wonder how the market is doing, so lets take a look - now that we have the final numbers from last year in.
In the Temecula area Nov had 177 closings (A pretty standard month), split almost equally between standard, short and bank owned sales. All in all, not too bad. Then the expectation for many, would be for the market to really slow over the holidays - makes sense - right? Think again, in December of 2010, Murrieta CA saw some 235 closings (homes sold), the standard sales are dropping a bit with 30%, 26% to short sales … (4 comments)

End of year - Temecula Market Trend, Temecula CA - 01/06/11 11:36 AM
We all wonder how the market is doing, so lets take a look - now that we have the final numbers from last year in. 
In the Temecula area Nov had 151 closings, split almost equally between standard, short and bank owned sales. All in all, not too bad. 
Then the expectation for many, would be for the market to really slow over the holidays - makes sense - right? 
Think again, in December of 2010, Temecula CA saw some 176 closings (homes sold), the standard sales are now leading with 40%, 31% to short sales and only 26% to bank … (0 comments)

QR Code use in Real Estate - Ideas - 01/04/11 09:29 PM
Right now I am waiting for a listing presentation to come up... 
Yes, that would be the one generated with a video preview... Anywho... As I am sitting here, watching thei minutes go by, I realized that there is no real idea shop for the QR codes. So I am making a thread here, the thought is to post your ideas for use. 
To sum up what we are doing on our team:
Signs have a code that takes you to the Virtual tour for the property (using MS TAG so we can better track the number of scans).
Flyers have … (10 comments)

Greer Ranch Murrieta CA, homes for sale - 01/03/11 10:23 AM
A new year is here - so it is interesting to look back and see what happened last year... 
At the end of Dec, Greer Ranch had 5 new active homes for a grand total of 14 active listings, 2 pending and 2 sold to hfamilies who (I'm assuming here) had a wonderful Christmas in their new home. In the same time period, 4 listings expired and one listing was cancelled. 
Expiring means the listing dates the seller agreed to, has been met, and typically, the property might still be for sale, but so far, it has not been sold. This would … (0 comments)

My BIG beef with the Ipad... - 01/03/11 12:21 AM
Ok, you know I'm a geek... QR codes, MS TAGS on signs, you name it - I was even once a sofware engineer... 
However, one thing you will not see in my bag is - drum roll please - a Ipad... Or any other current tablet for that matter. 
I can see where this woudl be an awesome tool - IF - I could sign contracts... yeah, I know there are work arounds out there, but I would like something really solid before I go plunk down money for this thing. 
And I will give you one more good reason - … (13 comments)

The business plan and technology in 2011 - think like a corporation! - 01/02/11 11:43 PM
Ok - so I know this is the post de jour for the moment, but I think there are some interesting things that are being left out. 
I was reading Joshua Harley's excellent post about goal setting and he makes some very valid points that many "goals" fail to recognize. You should read it. 
My point is that we see lots of plan that are goal oriented; "I am going to make $200k next year" - that is wonderful... HOW? 
So, the "how" leads to the action driven plan, if I get $20k average commissions, I need to sell 10 properties - … (6 comments)

 
T_avatar_lrg Rainmaker_large

Terkel Sørensen, Realtor, 951.805.0773 Bank owned and Short Sales

Temecula, CA

More about me…

Burke Real Estate Consultants

Address: Temecula, CA, 92592

Cell Phone: (951) 805-0773

Email Me

Real estate and real estate investing. Buying REO properties. Short sale pros and cons. Technology for real estate and in general - all served with a healthy dose of video.


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