My own gauge on real estate in this politically charged time.

By
Real Estate Broker/Owner CA#01772851 HI#RB21268

Clients call me from all over the country to help them find a property in California and Hawaii; and they are ready to buy NOW.

When listening to all the politicians running for the presidency, you would think that our economy is in the dumps.

Nothing seems to be further from the truth when it comes to my real estate brokerage. Some generalities that I can talk about that don't break client/broker confidentiality are:

1. More clients come to me to purchase homes with cash, for example. Maybe I'm not handling first time home buyers like a lot of real estate agents. For some reason, I have not been attracting them recently. Or maybe there are fewer of them?

2. My clients tend to be second home buyers, investors, and those looking forward to their retirement and want to downsize. Since my clientele want to move to the California coast or Hawaii, I'm their perfect broker to help them.

3. When we discuss financing, credit ratings for those who do want to take advantage of the low interest rates still available find this not a problem. Seemingly, these are not the people who got into trouble during the downturn of the market.

HAVE YOU FOUND THE SAME IN YOUR REAL ESTATE MARKET?

 

 

Posted by

Hella Rothwell at Carmel Beach during Concours WeekCarmel-by-the-Sea Beach and Pebble Beach Golf Course California

Whether buying or selling oceanfront, oceanview, commercial or any type of real estate in Carmel, Pebble Beach, Pacific Grove, Monterey, Carmel Valley and Big Sur, I can help you. Call me and let's meet in my Carmel-by-the-Sea office in Su Vecino Court on Dolores between 5th & 6th.

Or we can just chat on the phone to discuss your real estate needs.

Are you out of the area? No problem, I often never even meet my clients. The whole transaction is handled long distance.

As an independent real estate broker licensed in California and Hawaii, I can represent you with residential real estate, commercial properties & investment opportunities.

For more information

www.HellaRothwell.com & www.RothwellRealty.com

& www.HellaHawaii.com

Member: National Association of REALTORS, California Association of REALTORS, Hawaii Association of REALTORS, Del Norte Association of REALTORS, Honolulu Board of REALTORS. Also MLS Listings in California.

 ________________________________________________________________

Hella Mitschke Rothwell (R)

Real Estate Broker/Owner/Realtor®
Licensed in California #01772851 & Hawaii #RB-21268

Tel. 831-626-4000 

Fax 1-877-822-9332

ROTHWELL REALTY INC.: Su Vecino Court, Lincoln & Dolores between 5th & 6th, Carmel-by-the-Sea, CA 93921

 

MAILING: P.O. Box 4554, Carmel-by-the-Sea, CA 93921

 
Email: HellaRothwell@gmail.com


Hella Rothwell's Facebook Page       Hella Rothwell's YouTube videos      REALTOR LOGO      Equal Housing Logo

 

Disclaimer: Hella Rothwell does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

In SOME of my markets, I've seen the same.  In a higher-end investor clientele, we see great credit, lots of reserves (padding/protection from downturns), and really strong borrowers - many that COULD buy cash if they didn't want the tax savings of a mortgage.  In other markets, lots of people struggling with mediocre credit, in need of help with even a small down payment, and struggle to get financing for a modest home.  It's a mixed bag out there, for sure.

Mar 02, 2016 06:30 AM #1
Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have found that my market has not been changed but all the hooplah so far

Mar 02, 2016 07:00 AM #2
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Not having a bearing on the Oklahoma City market. Economic conditions, interest rates, and affordability are the top three. Politics is number 26. 

Mar 02, 2016 07:05 AM #3
Rainmaker
2,540,566
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Hella - You make excellent points!  I remember where this country was in 2008. Wall Street had almost walked off a cliff, and would have without bailouts.  The housing market was dismal.  However, we have crawled back.  People are back to work, albeit incomes aren't always as robust as they once were. Mortgage interest rates are at historic lows.  Things are vastly different now, than 8 years ago.

Mar 02, 2016 09:29 AM #4
Rainmaker
2,257,153
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Hella. It is a different time in US history with what is going on politically and it will have an effect for some, but I made up my mind a long time ago not to let the market or the economy effect my income.

Mar 02, 2016 07:48 PM #5
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I've noticed more upper end clients coming my way in Sacramento. I still get the first-time buyers from T & Z, and my team members who serve them seem to be closing a lot more lately as well. I am working on getting their ratios up. Right now I do 60% of the business and my 3 members do the other 40%, and that 40% should be  much higher. You know the drill, every listing produces at least 2 to 4 buyers.

Mar 05, 2016 11:06 AM #6
Rainmaker
521,294
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

John Meussner - It's hard for many to dig themselves out of that financial hole, but it's worth it to do that. Rents are way up, to a point where investors can cover their loan and other expenses. Not something I've necessarily seen in the past.

Mar 06, 2016 12:07 AM #7
Rainmaker
521,294
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

William Feela - That's interesting, but markets are very local.

Joe Pryor - I suspect that politics has something to do with some of my clients. Some want to get out of their luxury investments now, lowering their price, whereas others are then diving in to buy them low.

 

Mar 06, 2016 12:11 AM #8
Rainmaker
521,294
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Myrl Jeffcoat - In 2008, everyone was buying anything that was available, almost no matter the price. That's not so now from what I'm experiencing. Now everyone wants to make a deal in the "buy".

Mar 06, 2016 12:13 AM #9
Rainmaker
521,294
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Joe Petrowsky - You are in an interesting side of the market and see it all. My clients have shown me a skittish side, investors want to buy low, buying up properties that others want to unload in this politically charged time.

Mar 06, 2016 12:15 AM #10
Rainmaker
521,294
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents - In California, listings are my main draw for leads so that is where I'm putting my emphasis. As an independent broker, I have been hesitant to build up a team but I can see it happening this year with the right agents. You are an inspiration to me!

Mar 06, 2016 12:28 AM #11
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Hella.  Unfortunately we have some local issues that are of concern at the moment.  (Expanded train services and polluted water)

Mar 10, 2016 08:14 PM #12
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

There are very few cash buyers in our market and still people that have houses in other areas they can't sell and then they can't afford to buy. We are a very blue collar town.

Mar 12, 2016 11:27 AM #13
Rainmaker
2,763,772
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Most things are not affected by politics as much as you think they are ever really. This is even the case with me. This time might be a little different.

Mar 17, 2016 04:45 PM #14
Rainmaker
2,763,772
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It is flinteresting to think where it might be in say two years or so. I'm really wondering, Debbie. Debbie Reynolds

Mar 17, 2016 04:46 PM #15
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Hella M. Rothwell, Broker/Realtor®

Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea
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