orange county: Too Late To The Party, REO Accounts in SoCal - 02/02/10 07:24 AM
Yes, this is kind of a rant, but I think it's helpful for agents that don't know any better.
Is it really a good use of time and resources for new and inexperienced (not necessarily new) agents to go after REO business from asset managers? Why are agents in our marketplace spending money and lots of time trying to land REO accounts? They are being sold on the idea that spending thousands on training or getting a new credential that isn't even endorsed by NAR will land them a bunch of new REO accounts and listings. I've kown quite a few agents who have gone to … (2 comments)

orange county: Hold an Open House and Get In Touch With Your Market - 02/01/10 11:42 AM
This weekend, I held an open house and was suprised with the high volume of traffic I received.
I've heard every opinion about holding an open house. Some say don't waste your time, while others think it's the lifeblood of their business. I'm somewhere in between. As a guy, I feel a little silly putting up balloons or setting up the house properly. I typically go with flags and keep it pretty simple. I know it's not necessarily the most productive use of time compared to other activities. I guess it depends on the property, the market, and what I have going … (3 comments)

orange county: Sellers in SoCal, GREAT NEWS! - 01/30/10 03:47 AM
I read an article in the OC Register this morning, an interview with Lawrence Yun, cheif economist for the National Association of Realtors. Read it here- ( http://lansner.freedomblogging.com/2010/01/16/realtor-economist-says-socal-now-sellers-market/52073/ )
Lawrence claims that our market has shifted to a sellers market. In reality, we have known this for some time, but it's great to see it in print. The exciting thing he points out is that "median home prices already have bottomed out in the Southern California market". We especially see this in Orange County. Although the high end market still has some time to go before seeing a recovery, we're even seeing that breaking … (1 comments)

orange county: HUD Eliminates 90 day flip rule beginning Feb 1. - 01/30/10 03:04 AM
Great News For some FHA Buyers
Starting Feb. 1, HUD will eliminate the 90 day flip rule, allowing more properties to be available for FHA financing.
Some Quick bullet points:- All transactions must be arms length with no identity of interestbetween buyer and seller (see further conditions on HUD's website)- If there was an increase in value of more than 20% (fromacquisition to flip), the following conditions must be met.*Lender must justify the increase in value, with supportingdocumentation and/or a second appraisal which verifies sufficientrenovations were done, justifying the increase in value, OR appraiser toadequately explain the increase in value.*Lender to … (1 comments)

 
Jeremy Lehman, Jeremy Lehman (The Boutique Real Estate Group)

Jeremy Lehman

Jeremy Lehman

Garden Grove, CA

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