Posts Tagged ‘Real’
RCA Miami Super Conference & Commercial Real Estate Expo Schedule – Nov. 18
Miami, Florida (PRWEB) November 14, 2011
RCA Miami Super Conference & Commercial Real Estate Expo – Schedule
November 18, 2011
Biltmore Hotel
8:30am until 9:00am Registration and Continental Breakfast
9:00am until Noon
Dr. Randy Anderson, Howard Phillips Eminent Scholar Chair at UCF
Understanding the Commercial Real Estate Cycle
REIT Overview
Where the Big Fish Find Opportunities & Value
Breakouts: REIT Panel or SIOR Industrial Panel
Noon until 1pm
Keynote Lunch with Tony Goldman, CEO, Goldman Properties
Vision to Reality: Miami in the 21st Century)
1pm until 4pm
Dr. Pascal Goldschmidt Senior VP for Medical Affairs & Dean, U of M Miller School of Medicine; CEO U of M Health System
Miamis Medical & Technology Corridor: Transforming the Magic City
Break
Jackie Vanella: Director of Development East, Burger King
Retail: Finding a Whopper of a Deal
Breakouts: Land Panel: The Dirt on Dirt or CCIM Investment Panel
Cost for RCA MIAMI members and members of partner organizations is $ 79 and $ 99 for non-members. Luncheon tables of eight (8) are available for $ 600, includes premium seating and company signage. To register and for more information go to http://www.MiamiRE.com, e-mail paul(at)miamire(dot)com, or call 305.468.7060. Lunch is included with registration.
About RCA MIAMI
The REALTORS Commercial Alliance of MIAMI (RCA MIAMI) seeks to serve commercial members and to shape and unify the commercial real estate brokerage and service industry in South Florida. With over 1,200 members, RCA is the only association of REALTORS dedicated exclusively to commercial real estate interest throughout Miami-Dade County. The Alliance provides member services, including a legislative voice, education opportunities, a code of ethics, and networking opportunities that provide enhancement of the commercial REALTORS knowledge base and ability to service their clients. RCA MIAMI participation facilitates networking opportunities. The Alliance hosts the Annual Commercial Super Conference and Expo, the largest commercial expo in South Florida.
About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 25,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMIs official website is http://www.miamire.com.
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Loft and Condo Professionals Join Better Homes and Gardens Real Estate Area Leaders
Minneapolis, MN (PRWEB) November 09, 2011
One of the most experienced teams of lofts and condos Realtors has joined a Twin Cities real estate brokerage that launched two months ago.
Father and son real estate professionals Jim and Andy Asbury launched the first Minnesota franchise of Better Homes and Gardens Real Estate late this summer. The new brokerage, called Better Homes and Gardens Real Estate Area Leaders, marks the 23rd state into which the venerable real estate company has expanded.
Before launching Area Leaders, Andy Asbury, broker/owner of the new firm, guided a team of urban property specialists at http://www.minnesotaloftsandcondos.com. That team of urban specialists now serves clients in the Urban Properties collection of Better Homes and Gardens Real Estate Area Leaders.
Our lofts and condos agents are passionate about the urban market and remain committed to helping people buy, rent and sell urban properties, Andy Asbury said. Our lofts and condos website includes a wide variety of advanced features that make searching for lofts and condos a breeze, and our partnership with Better Homes and Gardens, which is one of the most well established and recognized brands today, will allow us to provide even more value to the people we serve.
The Area Leaders lofts and condos agents have unparalleled experience with the urban properties in Minneapolis and St. Paul. They not only stay on top of whats going on in the market, but theyre also market insiders who can share with buyers, sellers and renters potential rewards or risks associated with individual loft or condo projects. The agents have a keen awareness of the complexities of the current lofts and condos market, and help people navigate and make sense of them.
The Area Leaders lofts and condos agents share their knowledge at the Urban Properties website, which includes thousands of searchable lofts and condos listings. For more information on Better Homes and Gardens Real Estate Area Leaders Urban Properties, log on to http://www.minnesotaloftsandcondos.com. Or reach a lofts and condos Realtor at (612) 225-0122.
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RE/MAX Analysis of Illinois Real Estate Market Reveals What It Takes to Get Home Sales Closed These Days
Elgin, IL (PRWEB) November 12, 2011
The chances of turning a home sales contract into a completed sale increase substantially when the real estate agents successfully overcome obstacles that can block the path to the closing table, according to a RE/MAX analysis of trends in the northern Illinois real estate market.
RE/MAX agents say there is no question that more contracts fall through these days than in the past due to challenges in todays real estate marketplace.
Traditionally it was the rare contract that didnt close, usually not more than 1or 2 out of 100,” reported Tim McCaslin, broker/owner of RE/MAX Sauk Valley in Sterling, Ill. He estimates that this year the failure rate is closer to 5 percent in his market area, while at the same time many more contracts end up requiring extensions but do close eventually.
We see the same trend in our area, agreed Pam Jacobs, an agent with RE/MAX of Barrington in Barrington, Ill. She said no single issue is primarily responsible for making it more challenging to close contracts. Rather, she cited a combination of factors that include regulatory changes, increased scrutiny by lenders, greater anxiety on the part of many buyers and added complications that can come with buying a foreclosure or short sale.
According to Paul Fasold of RE/MAX Signature in Chicago, the keys to closing a contract are for both the buyer and the building to be qualified. A real estate agents job, he said, is to make sure both are true.
First, it needs to be established that the buyer is financially qualified to undertake the purchase being contemplated. That means making sure buyers are working with a lender and have been pre-approved for a loan that will allow them to purchase the property on which they are making an offer, Fasold said. Lenders today are extremely cautious, and each has its own set of loan criteria. Thats why I like to be sure buyers are working with a good mortgage broker who has access to a range of financing sources and can match each buyer with a suitable lender.
Cindy Banks, broker/owner of RE/MAX Cornerstone in West Chicago, Ill., works extensively with banks, helping them sell foreclosed homes. She said the financing of real estate transactions has become more complicated in recent years.
Lenders have more detailed requirements, higher standards and less tolerance for any deviation, noted Banks. Even though we typically represent the seller in these transactions, I view it as part of our job to be proactive in making sure each buyers lender has the information it needs. Otherwise, the transaction is at risk.
The Federal Housing Administration (FHA) is one major lender with specific contractual requirements that are clearly spelled out on its website, according to Kathy Dames, broker/owner of RE/MAX Ultimate Professionals in Shorewood, Ill.
Homes that HUD resells and finances after foreclosure often are great values, but to get that value HUD insists buyers adhere to its rules. So, when buying a HUD home, the buyer and the buyers agent need to go over every line of the contract and abide by the letter of the requirements or the
transaction may not close, Dames said.
As for being sure each building also is properly qualified, Fasold said the most common issue these days is when the appraisal required by the lender comes back with a value below the agreed sales price. That usually happens either because the price is too high relative to recent sales in the area or the appraiser lacks the information needed to develop an accurate value estimate.
It has always been part of my job as an agent to make sure a property goes under contract at a price supported by other recent nearby sales, but today that is more important than ever. And its equally vital to give the appraiser the information needed to understand the full value of the property, said Fasold.
Its also a good idea, contends Cindy Banks, for the listing agent to meet the appraiser at the property so they can walk through it together.
An agent isnt supposed to talk to the appraiser, but you can be present, and you can provide data on comparable properties, she said. My goal in those situations is to make it as easy for the appraiser as we can.
A related issue involves home inspections because even the most perfect home will have minor flaws, said Pam Jacobs. For that reason, both buyers and sellers need to have realistic expectations when it comes to home inspections, she said. Buyers shouldnt treat every cosmetic imperfection as an opportunity to renegotiate the price. At the same time, finding a serious problem, such as one that would cost $ 1,000 to address, certainly is an appropriate subject for discussion. Agents must educate their clients about the entire purchase process, including the inspection.
Perhaps the most common stumbling blocks in todays real estate market are short sales, where the sellers outstanding mortgage debt exceeds the market value of the home. In some cases, there may be several lenders involved, and all lenders must sign off on the purchase price if the seller is to be released from further financial obligations.
Ten years ago, I doubt I did one short sale a year, said Tim McCaslin. Now, banks have entire departments that do nothing but work on this type of transaction, and our office handles dozens of them annually.
With such a large volume of transactions and with multiple lenders frequently involved, short sales can take months to complete. As a result, some buyers lose patience and walk away. In other instances, the lenders will decide not to grant the short sale.
To minimize that risk, noted McCaslin, its crucial to know upfront what documentation the lender requires, what the lenders criteria are for approval, and how the documentation should be delivered. Most of all, he noted, agents have to follow up to make sure that lenders come to a decision as promptly as possible.
When pursuing a short sale, Kathy Dames advises buyers to put together an experienced team, including a real estate agent and an attorney who are both familiar with the short sale process.
If you do that and are dealing with just one lender and can get the seller to immediately provide a complete package of documentation, it actually is possible to close a short sale in as little as 30 days, she said.
RE/MAX has been the leader in the northern Illinois real estate market since 1989. The RE/MAX Northern Illinois network consists of 2,200 sales associates and 105 individually owned and operated RE/MAX offices that provide a full range of brokerage services throughout the northern one-third of Illinois. Its http://www.illinoisproperty.com and http://www.remax.com websites are leaders in consumer visits among real estate franchise brands. Its mobile search, m.illinoisproperty.com, allows users to conduct real estate searches on any mobile device with Internet access. The northern Illinois network is part of RE/MAX LLC, a global real estate organization with 89,000 sales associates in 85 nations.
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Ritch and Associates LLC Arranges Capital for Colorado Based Real Estate Management Firm
Knoxville, Tennessee (PRWEB) November 17, 2011
Ritch and Associates has recently entered in to a contract to fund capital to Aspen Creek Management, a Colorado based real estate management firm buying single family residential real estate in the Phoenix area for rental purposes. Funding is arranged by Ritch and Associates through Paladin Global Investments, according to owner and CEO Robert Ritch. Paladin Global is a privately held hedge fund that invests in small business ventures.
Raising capital for business ventures involves building strong relationships, an essential component for success. Ritch and Associates offers counsel to individuals who wish to build or further develop a business; the company takes pride in helping clients set realistic goals, and providing leadership, planning and organization so that goals can be realized. According to Robert Ritch, the capital funding company is dedicated to helping investors visualize the result of their investments, as well as helping clients reach their desired goals.
Ritch and Associates has been a leading business funding provider since 1994 and works with businesses in various industries throughout the United States who are in need of resources to maximize profits and streamline their business. Businesses that need guidance and expert business development skills can depend on the company for exceptional results. Not only do Ritch and Associates provide various financial resources, they also offer risk management, support of sales and marketing on multiple levels and management in regards to effective executive leadership and business planning, along with specialists in logistics and operations.
Robert Ritch states, “We are dedicated to helping businesses fulfill their dreams through capital funding; we also go further by assisting those businesses in all aspects in order to save time, money and resources while continuing to grow toward their ultimate goal.” Those interested in learning more about business funding are invited to visit http://www.ritchandassociates.com, http://www.paladinglobalinvestments.com or http://www.robertritch.com.
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FDIC Real Estate Auction Series Being Held December 2-4, 2011
Green Bay, WI (PRWEB) November 05, 2011
The FDIC is holding a real estate auction series featuring approximately 60 properties in Massachusetts, Rhode Island, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, and Virginia during the week of December 2 through December 4. The portfolio contains mostly single family residences and many will be sold absolute!
Micoley & Company will be managing the real estate sales of the FDIC auction series. We are very excited to offer these properties to the public. With many properties selling absolute, this will be a wonderful opportunity for home buyers and investors. The inventory of homes has a wide range of styles and amenities. With great pricing and mortgage rates at an all time low, this event will be looked upon as a well placed strategic purchase for real estate buyers throughout the Northeast Coast, says Wade T. Micoley, president of Micoley & Company.
Interested buyers are encouraged to attend an Online Bidder Seminar on Tuesday, November 15th at 12pm EST or Wednesday, November 30th at 3pm EST. These free seminars are extremely informative regarding the auction process, how to register for the Auction, the bidding process, and auction terms & conditions. Contact Micoley & Company to register for these seminars.
The auctions will be held in three different cities over the first weekend in December:
Boston, Massachusetts- Friday, December 2, 2011, 2pm EST, Boston Marriott Copley Place. The Boston Auction will include 11 properties in total.
Philadelphia, Pennsylvania- Saturday, December 3, 2011, 11am EST, Hampton Inn Center City Philadelphia. The Philadelphia auction will include 33 properties in total.
Norfolk, Virginia- Sunday, December 4, 2011, 1pm EST, Norfolk Waterside Marriott.
Local Agents Provide Homes.org with Insight on the Boston Real Estate Market
Boston, Massachusettes (PRWEB) November 11, 2011
Homes.org, a fast growing real estate search portal, is now teaming up with local professionals to bring buyers and sellers information on the Boston real estate market. Overall the Boston area real estate market has seen second quarter declines in single family homes compared to 2010, however the condo market is looking a bit stronger, especially in the luxury market during the third quarter.
“The downtown Boston condominium market has shown sign of marked improvement year-to-date in 2011, particularly in the higher price segments, ” says R. Wayne Lopez, principal at RESIS, a real estate consulting service in Boston, MA.
“The high-end of the market is steady performing: as of 3Q reports, sales over one million dollars are up 6% from last year and account for 14% of total sales year-to-date. Sales in the $ 500,000-$ 999,999 price segment are also up 6% from last year,” Mr. Lopez added. An example of this trend can be seen at 45 Province, a development Lopez and RESIS are selling in Midtown, where 34 sales this year are a huge increase from the 12 sales at this time last year.
But Lopez adds that not all market segments are enjoying such an upswing. “,The under $ 500,000 price segment is down 2%. The lower price segment continues to suffer from the new lending restrictions, which often require 20% or more down payment for purchases. Prices seem to be stabilized due to limited inventory supply, and with mortgage interest rates still low there are opportunities to be had by savvy buyers who have cash to purchase or have the down payment needed for financing. With the high cost to rent in downtown Boston continuing to escalate, more and more people who were reluctant to buy in the last few years due to global economic factors have found a sense of comfort with the local market fundamentals and are re-entering the market as buyers.”
Boston, MA Real Estate Market Information and Statistics
County: Suffolk
Zip Codes in the City: 0210802137, 02163, 02196, 02199, 02201, 02203, 02204, 02205, 02206, 02210, 02211, 02212, 02215, 02217, 02222, 02228, 02241, 02266, 02283, 02284, 02293, 02295, 02297, 02298
Population (city): 617,594
Total Households (2005-2009): 237,397
Greater Boston Real Estate Board Sales Data
Median Home Value (2005-2009): $ 404,500
Median Sales Price (Single Family Homes in 2nd Quarter): $ 360,000
Median Sales Price (Condos in 2nd Quarter): $ 386,750
Average Days on Market (Single Family Homes in 2nd Quarter): 105
Average Days on Market (Condos in 2nd Quarter): 99
Homes Sales in 2nd Quarter (condos and single family): 1,383
RESIS 3Q Downtown Boston Condominium Report Sales Data
Average price (3Q 2011): $ 669,650 (up from $ 653,679 last year)
Median price (3Q 2011): $ 470,000 (up from $ 460,000 last year)
Foreclosures (September 2011): 1 in 1,886
Renters vs. Owners: 62.7% vs 37.3%
Type of Home:
5% Single Family
9.8% Condo
85.2% Other
Popular Neighborhoods Seeing Improvements:
San Francisco Property Sales Brokerage, Climb Real Estate Group Features Mission Bays Madrone Construction Project
San Francisco, CA (PRWEB) November 09, 2011
San Francisco’s property sales general brokerage, Climb Real Estate Group, is gearing up for Mission Bay’s most anticipated new development community, Nat Bosas Madrone, a 329-unit high-end condo development on the waterfront.
Bosa Development has topped off the 16-story Madrone, which industry observers say is the biggest urban condo project currently under construction in the U.S. The project, which will open in a little less than a year, is counting on a combination of aggressive pricing and historically low interest rates to drive sales. Rates for 30-year fixed mortgages remain below 4.5 percent.
The finishes and amenities at Madrone are very high quality, says Dirk Kinley, Senior Broker Associate who has been actively showing his buyers this new development. With a premier Mission Bay location, excellent pre-construction prices, and historically low rates, Madrone is going to be a great community.” With the office’s close proximity to Mission Bay, Climb Real Estate Group is eagerly anticipating Madrones opening in the summer of 2012.
For more information on Climb Real Estate Group, call (415) 431-8888 or visit them online at http://www.climbsf.com. Climb Real Estate Group is located at 251 Rhode Island #105 San Francisco, CA 94103.
About Climb Real Estate Group
Climb Real Estate Group is a San Francisco-based real estate company specializing on luxury homes. They focus on urban-style properties, specializing on new construction, historic loft conversions, live/work spaces, Victorian flats, modern condominiums, and stylish single-family home sales.
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San Francisco Homes Sales Brokerage, Climb Real Estate Group Announces Agent Growth and Expansion
San Francisco, CA (PRWEB) November 09, 2011
San Francisco’s homes sales general brokerage, Climb Real Estate Group, is expanding with new agent associates creating real estate jobs and success in the South of Market areas. Three seasoned real estate agents, Edie Narrido, Ray Poole and Ana Rubke, have joined Climb’s roster of new agents.
Edie Narrido is a real estate professional who has a pulse on the Bay Area real estate market. She has sold multitude of homes in several of San Franciscos premier residential communities including SOMA Grand, Heritage on Fillmore, Odeon, Symphony Towers, and The Ellington.
Ray Poole arrived in San Francisco after a successful real estate career in Atlanta. He was prominent during the escalating construction boom of that city. After successfully marketing and selling five new construction communities throughout San Francisco, his sales record totals more than 500 homes including Shipley Square, Park Terrace, and Symphony Towers.
With over 25 years of selling new communities in the Bay Area, Ana Rubke has a deep knowledge of the neighborhoods in and around South Beach and Mission Bay. She is an experienced negotiator who thoroughly researches homes so that she can give her clients realistic assessments of their homes value.
“We’re extremely excited to have some very senior agent talent which adds depth and experience to our team,” says Tiffany Comb, Managing Broker at Climb Real Estate Group.
For more information on Climb Real Estate Group, call (415) 431-8888 or visit them online at http://www.climbsf.com. Climb Real Estate Group is located at 251 Rhode Island #105 San Francisco, CA 94103.
About Climb Real Estate Group
Climb Real Estate Group is a San Francisco-based real estate company specializing on luxury homes. They focus on urban-style properties, specializing on new construction, historic loft conversions, live/work spaces, Victorian flats, modern condominiums, and stylish single-family home sales.
Since January 2007, Climb Real Estate has been a leading property sales group. Buyers and sellers enjoy access to the strengths of one of San Francisco’s most prominent brokers providing: unparalleled marketing services, access to developer specials and new development projects, and experienced broker support.
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Re-launched JamesRespondek.com Puts the Spotlight on Los Angeles Westside Real Estate
Malibu, CA (PRWEB) November 15, 2011
In an effort to better assist clients as well as to provide buyers and sellers with more extensive information on the Los Angeles Westside region and its real estate market, leading area Realtor
Petaluma Mortgage California Acquires Key Player to Facilitate Todays Innovative Real Estate Transactions
San Mateo, CA (PRWEB) November 15, 2011
The economy has changed substantially over the past few years and it is clear we are experiencing a brave new mortgage industry along with it. Insiders know that to craft the best scenario for clients, those in the industry must go beyond the normal, think outside-the-box and be able to see the big picture in lending. This is something that Petaluma’s Mortgage California does on a day-to-day and an hour-to-hour basis.
We are constantly looking for bright talent and visionaries to serve our clients, says Robert Reid, CEO of RMR Financial and Mortgage California, a Petaluma full service mortgage banker specializing in residential lending. Brent is exactly that kind of advocate for his clients going the extra mile for them. Thats why we are proud to bring him on to our team.
Excellence above all else is Blausteins credo and it is clear he lives and works by it. Closing more than 2,000 transactions since starting in the industry in 1998, he has made home ownership a reality for many families. He is a Presidents Club top producer by closing more than $ 35 million in annual gross loan volume over the past five years.
A native of the Bay Area, Blaustein knows the local market and understands the culture. He spends time with each client to plan and organize their finances so that the decisions they make are based on what is best for their specific situation. He is the linchpin many bring on to get their transaction structured properly and closed on time.
We needed a new mortgage and Brent came through with flying colors. He was efficient, thorough and communicated with us on everything. It is a pleasure to recommend Brent, says John Rothmann, talk show host at KGO News Talk 810 AM.
Blausteins customization and use of the hottest new video communication technology has also won him many accolades. As an expert in the many guidelines, rates and programs offered he provides an in-depth analysis, and avoids any potential stumbling blocks along the way. He consistently receives praise for this thorough communication style with his clients and Realtors
Platinum Properties Investor Network Says Cyclical Bottom May be in Sight for Miami Real Estate Investors
Irvine, CA (PRWEB) November 15, 2011
Miami represents one of the most notorious bubble markets in the United States. According to Platinum Properties Investor Network, Miamis prodigious rise and precipitous decline have served as a warning sign for the potential disaster that can await income property investors attempting to time value bubble markets.
Miami is a unique market area since it is segmented between two distinctly different classes of properties. These two classes are single-family homes and high-rise condominiums. The importance of distinguishing between the two comes from the fact that high-rise condominiums bore the brunt of Miamis value free-fall while single-family homes are showing signs of stabilization. Platinum Properties Investor Network believes that investing in Miami condominiums is still problematic.
The collapse of values in Miami began in 2007 and continued through 2011, as properties were lost to foreclosure at record rates. Most of the value collapse in Miami was driven by the high-rise condominiums that came to exemplify the real estate bubble. For investors who purchased at the market highs, Miami has been a roller coaster ride of value destruction as leveraged losses escalated higher and higher. As 2011 comes to a close, many forecasts are indicating that Miami will begin approaching its bottom.
Upon hitting its cyclical bottom, it is likely that Miami will regress back toward a very modest rate of long-term appreciation. This process will be impacted by the release of foreclosure inventory that is being held by banks in the hopes that it can be introduced to the market after values have stabilized. There is a slight possibility that investors who buy into Miami at the right time can realize some value appreciation that comes from regression back to fundamentals off the cyclical value bottom. However, cash flow from properties in Miami is still quite low, relative to the current market values.
According to RealtyTrac, foreclosure filings rose in Florida, where 23,569 properties were reported in August, a 5 percent increase from July, but 59 percent below the level reported for August 2010, according to the latest RealtyTrac
Statistics Point To Real Estate Agents Leaving The Business In Record Numbers
Big Bear Lake, California (PRWEB) November 13, 2011
According to the most recent figures available from the National Association of Realtors, http://www.realtor.org/library/library/fg003, in the period ending 2010, there were approximagely 1,066,600 real estate agent members in the United States, down from a high of 1,358,000 just four years earlier. In the past year, approximately 500,000 real estate agents across the country have quit the business, according to industry expert, Brian Moses. Moses contends that more are expected to follow suit in the coming months.
Not all regions are being this adversely affected by the current economic situation, however. In the San Bernardino mountains, the real estate business is still doing quite well.
Longtime real estate broker Chuck Hurd has had a finger on the financial pulse of Big Bear Lake, California, since the early 1980s. While other parts of the country are suffering from the current housing market crisis, Hurd sees a different picture in Big Bear, although he agrees that in the local chapter of the NAR, the membership has dropped significantly in the past year.
“We currently have an inventory of around 800 available residential properties in the Big Bear area. There is a wide range of prices, going from a mere $ 70,000 to nearly 7 million dollars. That number of houses will last only a few months if nothing changes and its a relatively low number, compared to several years ago, Hurd says. The good news is that we have seen an increase in sales over 2010. Also, there are far fewer REOs now; only approximately 1 in 300 homes is in trouble up here compared to approximately 1 in 3 in Las Vegas, for example.
“Around the country, people are seeing that stocks are no longer a safe bet, but that real estate is still an excellent investment under the right circumstances. The people who have bought in Big Bear Lake may not make as large a profit if they sell now as if they wait a while, but most are not under water, either. That may be one of the reasons why we are selling to more celebrities here than ever.”
According to Hurd, there are many reasons why Big Bear Lake is so stable in comparison to other areas in Southern California. A very popular recreational area, its tucked in San Bernardino County, surrounded by five other counties Los Angeles, Orange, Riverside, San Diego and Ventura – and is only a couple of hours at most from any of them. That makes it an ideal choice for second homes, for which a large number of the residences are intended, as well as recreation and relaxation.
“The weather in Big Bear is gorgeous. We usually have sunshine 300 days of the year, then a few storms come in, giving us our snow for winter sports. This is a very family-oriented community. Every weekend of the entire year there is something fun to do: car shows, cowboy poetry readings, skiing, water sports, Oktoberfest, hiking, biking. Or, if you just want the peace and quiet of a mountain home, well, this is the place to find that, too.”
Hurd should know: Hes lived in Big Bear Lake himself for over a decade, after selling real estate there while living in Palm Springs.
“Right now, with interest rates incredibly low and housing prices also on the low end, Id say its a great time to invest in real estate in Big Bear. After all, would you rather gaze at a faltering stock certificate or pine trees and a lake? I cant keep properties that are properly priced at under $ 200K for more than a couple of weeks. Thats how quickly housing is moving up here.
“There are approximately 50 rental companies in the area. That says a lot about the investment aspect of having a second home: Many people rent out their places, from small cabins to large homes, for weekends or for an entire season. People spend money in Big Bear recreating and having fun. Big Bear has frequently been San Bernardino Countys top sales tax revenue producer.”
Chuck Hurd is a full-time independent real estate broker and is considered an expert on the Big Bear Lakes market. He was featured on “House Hunters” in 2005, and has been ranked among the Top 100 International Realtors.
Luxury Home Terms Glossary Helps Real Estate Buyers Learn Lingo for their Austin Home Search
Austin, TX (PRWEB) November 14, 2011
Regent Property Group has created an extensive and informative luxury home lingo index, differentiating itself yet again as the best choice for luxury real estate in Austin, Texas. Designed to make the home buying process easier and more transparent, the page includes pictures to help clients visualize the types of products and features available in upscale homes, typically priced at $ 1 million and above.
Demystifying the real estate market and providing quality client experiences are overarching goals of Regent Property Group, said founder Brian Talley, who devised the idea of adding a luxury lingo glossary when he noticed his high-dollar clients were being introduced to so many new available features that were not part of their home buying terminology.
I want to help potential clients browsing MLS luxury home listings fully understand what these homes offer, said Talley, Austins premier luxury home expert. We want to ensure that the people who count here, the clients, understand the plethora of options and upgrades available in the luxury real estate market. Real estate terminology is different in many ways, he said, because Austin’s market has distinct features compared to other real estate areas around the country and world.
Browsing home listings can be daunting, whether its a jet-setting bachelor looking for a helipad and a theatre room, a health-conscious couple looking for an infrared sauna and a saline pool, or a family searching for invisible appliances, a home gym, and a dumbwaiter to make its hectic life simpler. The luxury lingo page takes all upscale buyers into account and includes features that may be found in a starter $ 1 million property in River Place or a $ 12 million ultra-luxury home on Lake Austin.
The alphabetized index covers terms that range from architectural styles to elements of design and increased functionality to high-tech home improvements. It is inclusive of styles and locations, such as lakefront, lake view, hill country, gated, golf course, and more. The page will be updated continually by Regent Property Group as new features begin appearing in the real estate market. Regent Property Group is considered the best luxury home team in Austin.
About Regent Property Group
Brian Talley is the founder of The Regent Property Group. He is ranked in the top 1% of selling agents out of the 5,313 Austin Board of REALTOR
DVD Teaches Real Estate Agents to Shoot Video Like Hollywood Professionals
Pacific Grove, CA (PRWEB) March 21, 2011
Real estate agents across the country are buying video cameras and getting creative to combat the sagging market. With cheap HD cameras available and video hosting on social media sites, shooting and distributing real estate videos has never been easier. Taught by Eric Ristau, a filmmaker with 15 years of experience directing and shooting high-end television commercials, documentaries, and real estate video content, Real Estate Film School is a comprehensive how-to guide for real estate professional. Additionally, the program offers innovative step-by-step instruction on posting videos to the web and sharing them through social media.
As buyers searching for homes online have come to expect video tours rather than still photos in listings, agents across the country have picked up cameras to create their own content. With inexpensive high-definition cameras and built-in editing software standard on personal computers, technology is no longer a hurdle for anyone wanting to create high-quality web video. Without training in filmmaking or videography techniques, however, most real estate video tours feature shaky camera movements, poor shot selection and choppy editing. With over two hours of step-by-step instruction, Real Estate Film School offers tricks, tips, and techniques to improve an agents shooting skills in a few hours of practice.
Real Estate Film School offers several levels of instruction, from basic hand-held shooting techniques to high-end professional tools and advanced methods. For users of the iPhone, iPod Touch or the iPad 2, the program offers a tutorial on producing complete real estate video tours in the device itself, including shooting, editing, voice narration, titles, and the final upload to the web.
A Sample of Real Estate Film School features:
Shooting:
Augmented Reality for Real Estate Brokers – HomeSpotter – Debuts at NAR Innovation Open House
Anaheim, CA (PRWEB) November 15, 2011
House hunting just got easy. HomeSpotter is a new feature from MobileRealtyApps that shows customers home listings simply by aiming their iPhone or iPad at homes or condo buildings.
The Sunday afternoon drive scouting out homes has never been so fun, says realtor Andy Asbury with Better Homes & Gardens Area Leaders. HomeSpotter takes curb appeal to another level.
HomeSpotter uses a technology called augmented reality to overlay property information on a devices live camera feed. As a home hunter points their iPhone down the street, they see a view of the street and info on all the houses for sale pops up. Theres even a radar display that show the direction and proximity of nearby properties for sale.
HomeSpotter is currently available to a limited number of brokers for iPhone and iPad apps, and will be coming soon to Android phones as well. HomeSpotter is the first such platform available on the iPad. Its also the only readily available solution that allows any real estate broker to have their own augmented realty app.
MobileRealtyApps debuted HomeSpotter at the National Association of Realtors
Real Estate Guru Craig Proctor Joins the Accredited Income Property Investment Specialist (AIPIS) Podcast to Discuss the Art of Sales Prospecting
Irvine, CA (PRWEB) November 14, 2011
As one of the most sought-after real estate trainers in the world, Craig Proctor sat down with the Accredited Income Property Investment Specialist (AIPIS) podcast for a strategy session for up-and-coming real estate agents and investors. Proctors Quantum Leap System shows real estate agents and investors how to create balance while accelerating income as a real estate professional.
One of the problems in this industry is that we get rewarded for bad behavior, said Proctor at the outset of the show. We engage in activities quite often that dont work that well. But every once in a while they do, so we continue to engage in those activities, and it really comes down to not knowing a better way to do it.
Proctors mentions the old practices of cold call prospecting, knocking on doors and spending a fortune on self-image advertising. The host of the AIPIS show asked if there was an ah-ha moment that caused Proctor to search for a better way. Proctor responded that he got tired of rejection, cold-calling and chasing down prospects. I had to figure out a way to get clients to come to me, Proctor said. He said that self-image advertising didnt work, citing failure after much expense and hard work.
Proctor cites the solution as direct response marketing. Instead of talking about me and my designations and how much I wanted a buyer or sellers business, I tried to offer them something that they really wanted. Proctor said that changing his tactics changed his business completely. He had so many people wanting to do business with him that he was able to choose his clients.
He began by running ads in the newspaper offering, for example, trust salesan offer that buyers were probably already looking forwith a phone number that led to a hotline voicemail.
Proctor continued the interview by going into deeper aspects of sales technique. He worked on the theory that anyone will buy a property in any market if its priced correctly. Proctor said the best way to deliver news about new properties is through email, which eliminates the delay that often occurs with television shows or the newspaper. Giving buyers proprietary information and priority accesscreating the sense that buyers are receiving special deals sent especially to themis a key component to his sales process.
Craig Proctor was among the top ten RE/MAX agents worldwide for a decade straight and before age 30 was named the number one RE/MAX agent in the world. He is Founder and CEO of Craig Proctor Productions, an international real estate success coaching organization which has shaped the lives of over 30,000 real estate agents across the globe via Proctors Quantum Leap Real Estate Success System.
About Accredited Income Property Investment Specialist (AIPIS)
The mission of Accredited Income Property Investment Specialist (AIPIS) is to properly educate real estate specialists and investors in the proven methods of income property investments as a road to building wealth. This certification program is for those who are serious about taking their career to the next level; creating personal success and wealth while assisting clients with their financial goals.
With a podcast aimed squarely at real estate and mortgage professionals, the AIPIS educational podcast goes hand in hand with the AIPIS accreditation. This ones for professionals who want to stay on the cutting edge of property investment education. For more information, visit Accredited Income Property Investment Specialist(AIPIS) online.
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@properties Hires Managing Broker Terry Wilkowski to Support Surging North Shore Real Estate Business
Chicago, IL (PRWEB) November 15, 2011
Chicago-based @properties continued its aggressive expansion in North Shore real estate with the hiring of Terry Wilkowski as vice president of brokerage services, North Shore. @properties co-founders Thaddeus Wong and Michael Golden announced the hire.
Wilkowski, 44, is a managing broker with more than two decades of experience in suburban Chicago real estate. Most recently, he was senior vice president and regional manager for the west suburban region of Koenig & Strey Real Living. Previously, Wilkowski managed Koenig & Streys Libertyville office. He also served as managing broker of Coldwell Bankers Vernon Hills office for seven years. He began his real estate career as a sales associate with Coldwell Banker in 1989. Wilkowski also is a past president of the Lake County Association of REALTORS
With Sale Prices Down 52% Since Last Year, According to Trulia.com, Cortland, New York Real Estate Now Even More Affordable
Cortland, NY (PRWEB) October 12, 2011
Location has been and always will be a driving factor for excellent real estate investments. There are folks who prefer living in a bustling metropolis while others prefer the simplicity of the rural lifestyle. By investing in Cortland real estate you can have the best of both worlds. Within 40 miles of Syracuse, Ithaca, and Binghamton, 150 miles of Albany and Buffalo, and about 200 miles from New York City, Cortland homes are ideal for families, couples, and retirees. According to Trulia.com, the median home price is 52% lower than they were in 2010, proving that home buyers can definitely get more home for their money.
Jim Yaman, principal broker of Yaman Real Estate and lifetime resident of the Cortland area, knows all about the county and its neighborhoods. Cortland is a great place to live, work, and play, shares Yaman. Our community has an excellent location right in the heart of New York State and is surrounded by good schools, healthy businesses, and a stable economy.
Being a stable community, Cortland is an appealing place for home buyers. Making the locale even more enticing to home buyers is the fact that properties here are now more affordable than they were a year ago. Based on the statistics in trulia.com, the average listing price for homes in Cortland at the end of September 2011 was $ 169,679. And with over 100 homes currently listed in the Cortland MLS, buyers can quite literally have their pick of homes and negotiate for the best price.
Real estate prices in Cortland are very affordable now, says Jim Yaman. If you are in the market for a home in the heart of New York, now would be the best time to buy and Cortland would certainly be the best place to come home to.
Find out more about what makes Cortland an attractive place to live and learn more about the real estate options in the area by visiting http://www.yaman.com.
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Las Vegas Real Market Receives Over $720 Million Cash in Last 3 Months According to LasVegasRealEstate.org
Las Vegas, NV (PRWEB) November 14, 2011
Las Vegas foreclosures for sale are gaining worldwide attention as home buyers and investors continue to discover some of the lowest prices in over 20-years. Trulia research confirmed by LasVegasRealEstate.org has Las Vegas homes as the #1 price-to-rent ratio in America. While appreciation remains flat for most communities, immediate cash flow of the rental market is driving the excitement showing 10% and better returns for savvy buyers.
Ashley McCormick of Realty One, Nevada’s number one real estate company has seen an increased interest from foreign buyers and retirees taking advantage of the affordable prices. Foreign buyers are looking to compound on the benefits of purchasing second homes against a week US dollar while retirees are looking to get the best value for their remaining dollars in popular communities like Sun City Las Vegas ,starting at just $ 100K . Either way, Las Vegas foreclosures are proving to be the deal that discerning buyers are deciding on after doing their research.
McCormick is advising buyers to take note of the niche markets to see the positive impact these cash buyers are having and the long term effects they may have on Las Vegas real estate market trends. Las Vegas high rise condos for sale stand out as a dominate niche with 90% all-cash buyers. The low priced units are being picked off the market forcing prices to not only show the first signs of appreciation since the recession, but the stability the debt free property owners bring to the community.
Th average medium price of a home for sale in Las Vegas is currently $ 119,900 with 50% of homes for sale in Las Vegas being purchase all cash, the Vegas economy is enjoying more residents with extra income to shop, dine and explore the Vegas world class entertainment. The extra income these buyers bring creates a cycle that also benefits the service industry that largely contributes to the rental population of Vegas.
With all the attention Las Vegas foreclosures are getting, McCormick is advising buyers and investors to get familiar with the market and take advantage of the current market conditions. Due to the number or Canadian buyers and out of state clients making contact she has acquired a toll fee 1-888-920-2292. Property images and information online are empowering some out of state investors to buy sight unseen and own a piece of Vegas without having to travel. Las Vegas homes for sale listed through the MLS are available for search online at http://www.LasVegasRealEstate.org
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A Mobile App to Solve Real Problems Faced by Realtors
Greater Chicago, IL (PRWEB) November 16, 2011
Rcursion LLC is proud to announce the launch of PixeHome For Agent, a mobile app for real estate agents. The company has leveraged its proprietary view technology in mobile application, and crafted an innovative solution to solve specific real world problems faced by realtors.
The first meeting between agent and client often determines if the client will stay with the agent. Giving a token gift to client is time-tested way of creating the first good impression. But it costs a lot of money to send meaningful gifts to all prospective clients. PixeHome For Agent has solved the cost problem by leveraging a proprietary gift giving technology among mobile phones. It allows realtors to give unlimited gifts phone-to-phone at a flat subscription of $ 9.99/month; the gift is retailed at $ 5.99 each, were the home buyers are to buy the app by themselves.
The gift, which is called PixeHome For Buyer, in turn, solves one of the biggest challenges faced by home buyer: how to remember every visited house with confidence to make the right decision. With PixeHome, even after visiting the 20th house, a home buyer can still visually remember the look of the first houses kitchen!
Trusted relationship between agent and client is crucial for closing a home sale, but there is no fixed formula to build the trusted relationship. There is also an additional challenge to build rapport with younger home shoppers due to higher expectation on what technology can do for them. For all problems from social life to finding restaurant for lunch, they have been expecting speed and seamless collaboration aided by technology, and they usually get what they expect. What can realtors do when they serve young home shoppers?
PixeHome helps solve the relationship problem by providing a new and unprecedented channel of communication between agent and client. During a house visit, with the help of PixeHome, the agent can show his willingness to go the extra mile to serve the buyer by snapping photos of rooms; and the photos will appear instantly in the buyers phone. As the buyer snaps photos of the rooms, the agents phone will also be updated with the photos instantly, allowing the agent to assess the buyer preferences and take note. Realtors can also annotate the photos. In essence, by linking the smart phones of agent and client together, PixeHome ushers in a new form of collaboration, upon which an exclusive and trusting relationship can be built more easily.
Shiou Loh, Founder & CEO of Rcursion Inc, said PixeHome not only allows realtors to send unlimited meaningful gifts to their clients and collaborate exclusively with clients, it also helps agents to remember which houses are visited by which clients because it tracks house photos automatically. It organizes effortlessly. We believe PixeHome will be common one day for house buying process. For now, realtors who adopt it early have a competitive advantage over their peers.
Some of its salient features are:
Send virtually unlimited gifts as tokens to your clients at a flat price.
Link phone cameras together and collaborate exclusively.
Track houses visited by clients (even if you have many clients).
Gauge your clients preference based on photos taken.
Map of visited houses grouped by clients.
Send text on house and room photos. And also annotate.
With a monthly subscription of $ 9.99 and one time initial $ 1.99 fee, an agent can send virtually unlimited gifts, one for each client. The exclusive client-agent channel pioneered by the app helps maintain customers loyalty, especially those of younger generation. To top it off, an agent will know exactly which houses were visited by which clients without ambiguity even months after those house visits. This innovative app is now available on Android Market at https://market.android.com/details?id=com.pixecon.pixehomeagent.
About Rcursion:
Rcursion is the home to PixeConn eco-system, which allows you to see what matters using images. It then allows you to connect to the people and things that you care. Through its proprietary view transport technology, PixeConn accomplishes its purpose by allowing you to request to see the world through still-images on just-in-time basis using contacts information in smart phones. We believe most human interactions naturally start with seeing images, which could be images formed in your eyes or that of cameras. Once the images are acquired, PixeConn helps making use of the acquired images for their respective applications. PixeConn also allows consumers and merchants to interact through images.
Ways to reach Rcursion/PixeConn
contact(at)pixeconn(dot)com
Tel: 1-312-428-6920
Office hours: Mon-Fri; 8 AM – 5 PM (US Central; GMT -6)
Address: 5 E. College Dr, Suite 15, Arlington Heights, IL, USA
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Local Agents Offer Advice on the Baltimore Real Estate Market
Baltimore, MD (PRWEB) November 19, 2011
Homes.org, a fast growing real estate search portal, spoke with agents in the Baltimore, MD area to get an overview for how the real estate market is performing. “The Baltimore market is doing better than other regions because our job market is healthier than other areas of the country. There are many people relocating to this area for jobs that are associated with the growth at Ft. Meade in Anne Arundel county,” says Wendy Slaughter, M.S.B, SFR and Certified Luxury Home Marketing Specialist for The Wendy Slaughter Team of REMAX Advantage Realty in the central MD region.
“My advice for buyers is simple: Be sure you are pre-approved by a high quality, respected lender and make an offer! Rates are low, there are great homes out there and this is the time to take action.” In fact, home prices fell 6% in the Baltimore area in October meaning it’s even more affordable to by a home now than within the last few months.
Slaughter’s advice for sellers is a little more complex. “Our top priority for our listings is condition. We often recommend our sellers go above and beyond simple staging and actually replace carpet, install granite counters, replace outdated light fixtures and freshen the house with current paint colors. In addition, professional photography is a must. Over 90% of buyers search online so the photos are critical. Finally – the big one – price. Our goal is to have our sellers show better than the competition but be priced in line with their competitors. Buyers choose a home by comparison shopping. Be the best on the block and priced well and you’ll sell first.”
Baltimore Real Estate Market October Information and Statistics
County: no county, Baltimore is an independent city
Zip Codes in the City: 2120121231, 2123321237, 2123921241, 21244, 2125021252, 2126321265, 21268, 21270, 2127321275, 2127821290, 2129721298
Population: 620,961
Total Households: 294,579
Homes Sales in October: 325
Median Home Value (2005-2009): $ 152,000
Median Sales Price: $ 83,000
Average Sales Price: $ 126,008
Average Sold to Original List Ratio: 83.54%
Average Days on Market: 149
Foreclosures: 1 in 2,046
Renters vs. Owners: 48.9% vs 51.1%
Type of Home:
13.7% Single Family
37% Condo
49.3% Other
Popular Baltimore Neighborhoods Seeing Improvements:
Why Are American Real Estate Investors Traveling to Canadian Innovators to Learn Their Ground Breaking Step-by-Step Real Estate Investment System?
Toronto, Canada (PRWEB) November 20, 2011
Learn why, for the rest of November, Real Estate Investment Educators, Tom and Nick Karadza, are giving away their Canadian real estate investing strategies in an FREE Real Estate Investing book, Income For Life for Canadians. For your free copy, visit: http://www.FreeCanadianBook.com.
After spending thousands of dollars on attending real estate classes, “guru lead” conferences, seminars and boot camps, and “millionaire” online courses, real estate educators and investors Tom and Nick Karadza had discovered a major problem. They couldnt find any highly publicized real estate investors who were actually implementing the investing strategies they were teaching, much less even making a profit from their investments. All the “Real Estate Gurus” where making money from teaching “out dated strategies,” not from actual real estate investments. Even worse, they discovered many real estate students turned novice investors had horror stories of bad properties, lousy tenants, and negative cash flow challenges.
According to Tom Karadza, Instead of making any money in real estate many investment students we spoke with were actually losing money with their investments, and instead of creating any sort of wealth, only managed to create regular head aches.
This startling problem prompted brothers Tom and Nick to seek the truth behind why so many beginner and experienced investors continue to be robbed of their wealth.
A bold move was necessary to learn the answers about really making money in today’s real estate market. In their quest for the truth they traveled across North America meeting with successful, real money making investors to learn the secrets behind their successes. After months of speaking with Real Estate Investment Trust (REIT) managers, and the heads of Asset Management and Loss Mitigation Departments and Senior Vice Presidents of North American’s largest banks, Tom and Nick went on to implement what they had learned and began helping others do the same. After repeated success they decided to open up Rock Star Real Estate Inc, a brokerage just outside Toronto, Ontario dedicated to working exclusively with real estate investors – the first ever of its kind in Canada.
According to Nick, The biggest problem we found real estate investors faced, in addition to the right information, was a lack of local support.” With a network of experienced people to turn to for mentorship and guidance, both the beginner and experienced investors can go on to achieve amazing success and are able to generate more positive cash flow on properties than almost anybody thought possible. “Its been really exciting to be able to help investors create positive cash flow investments and build a portfolio of assets, and ultimately wealth, said Tom.
Tony and Marilou Soria, recent clients from Mississauga, Ontario, had this to say, We are very happy to have Tom and Nick Karadza as our real estate investment coaches. We would not be able to start and grow our real estate investing business without their guidance. Sometimes we feel they are doing this from the kindness of their hearts. Its not difficult to see why Tom and Nick have received this kind of feedback given their dedication to excellence in all areas of real estate. Together with their clients they created over $ 804,867 in monthly revenue in a 4 year period.
There seems to be no stopping the brothers, the National Post newspaper referred to them as two brothers who never seem to sleep and Canadian Real Estate Magazine interviewed them for multiple issues of their nationally distributed publication.
Rock Star Real Estate Inc.
3310 South Service Road, Suite 300
Burlington, Ontario, L7N 3M6
Canada
Phone: 416- 848-6293
Fax: 905-637-7712
http://www.RockStarBrokerage.com
“We Support The H.O.M.E. Foundation”
About The H.O.M.E. Foundation:
The Helping Others Means Everything, or The H.O.M.E. Foundation, is a not-for-profit organization dedicated to helping our Family of Charities during these tough economic times through added incentives, luxury raffles and high profile celebrity events. Our mission is to help charities reach their fundraising goals and to bring awareness to their praiseworthy causes. Please visit our Dream Home Raffle at: http://www.HOMEFoundationRaffle.com .
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New Short Sale Lead Marketing Package for Real Estate Agents and Brokers
Phoenix, AZ (PRWEB) November 16, 2011
Direct Business Marketing (DBM), a national leader in online marketing, recently announced a unique lead generation tool for real estate professionals seeking leads from distressed homeowners. Released to the general public on October 1st, the Short Sale or Stay Calculator is a full marketing campaign created to adapt to the unique marketing comforts of each individual real estate professional.
The Short Sale or Stay Calculator provides homeowners with financial information regarding the value of their specific home and future projections of that value. Numerous real estate agents in metropolitan areas throughout the country have been using the lead generation tool. “Realtors are seeing incredible results from the calculator,” said DBM Chief Technical Officer Andrew Houglum. “The marketing materials and the customizable calculator website that goes with them have really performed well.”
The Short or Stay marketing package includes a variety of marketing materials tailored to each agents needs. We’ve tried to include something for everyone,” said Houglum, “lots of easy to use templates for emails, direct mail, post cards, door hangers, radio and TV advertising, something for everyone.”
Direct Business Marketing is a full service marketing agency specializing in direct response marketing and lead generation. Real estate professionals seeking more information about The Short Sale Or Stay Calculator can visit http://shortorstay.com/agents/.
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Richmond KY Military Relocation Specialist and Berea Real Estate Expert Launches New Website Amidst A Healthy Market
Richmond, KY (PRWEB) November 22, 2011
A native resident of Richmond, Kentucky, nobody knows Madison County like real estate expert Beth Rice. With the goal of sharing her knowledge about the locale, the current Richmond KY real estate trends, and assisting buyers and sellers with their real estate transactions, Beth Rice has launched her website KYBeth.com. With the new website, Berea Kentucky homes for sale as well as Richmond homes have now become more accessible to the national market.
As homes in the area have a median sale price of $ 150,000, the townships of Berea and Richmond are attractive options for families and couples to pursue. Richmond is rich in history, tradition, growth, and friendliness. While Richmond still retains the charm and aura of a small town, its rapid growth has made it Kentucky’s sixth largest city. These are some of the qualities that I think make Richmond an excellent place to come home to, shares Rice.
Being a Richmond KY military relocation specialist, Rice knows the unique needs of military families and goes over and beyond by making sure that those with children find friendly neighborhoods with excellent schools. We all want to make sure that our children receive an excellent education, and this includes military families. Luckily, Madison County’s educational institutions are equipped with the latest technological advances so students from Pre-K to college can expect outstanding education.
With her dedication to clients, negotiating skills, and professionalism, Beth Rice ensures that each of her clients makes the best decision when it comes to buying or selling a home in Berea or Richmond. For more information about properties in Madison County and to learn more about Beth Rice and the services she offers, visit KYBeth.com.
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Luxury Real Estate Auction Breaks Record for Highest Sale
Phoenix, AZ (PRWEB) November 22, 2011
The use of auctions to buy and sell property is not a new idea, but it certainly is catching on in the luxury property marketand Supreme Auctions leads the competition in capturing the lions share of that market. The Scottsdale, Ariz.-based firm has consistently created a buzz around luxury homes, condos, and property across the world, and they recently masterminded the sale of a one-of-a-kind luxury home for the highest price so far this year on one acre in Paradise Valley, Ariz.
What does it take to sell a luxury property in one of the most sought-after ZIP codes in the US? When working with sellers, Supreme Auctions creates a comprehensive marketing campaign to reach buyers looking for a unique, one-of-a-kind offering. For the October 20th sale of this home, Jennie Heal, vice president of marketing, developed a global marketing campaign that garnered more than 26 million impressions, 6,573 unique website visitors, and in excess of 12,000 page views. During the course of four weekends prior to the auction itself, 300 potential buyers viewed the property, and 11 were present on the big day, securing their spot at the auction with a $ 150,000 deposit. Bidders arrived from across the US, including California, New York, and New Mexico, as well as some Canadians from Calgary and Alberta.
After a rousing auction at the hands of the auctioneer, a couple who flew in from New Mexico by private jet secured the winning bid for $ 4.345 million. The transparency of the auction process appealed to the winning bidders because they were able to see the competition and could rest assured they would not be overpaying for the property. Previously, the buyers had made two offers on homes via traditional real estate methods but found that the process was not positive. Instead, the auction method was much more conducive to the buyers needs, as they could see other bidders offers, which revealed the true market value of the property on auction day.
In addition to an elated buyer, the seller also appreciated the smooth, fast process.
To have more than 300 people view the property and 11 bidders on auction day was very exciting to see. I had no intentions of ever selling this property traditionally and waiting two to three years to finally sell it. With property values still decreasing, carrying costs, the poor economy, and the mere aggravation of keeping my 10,000-square-foot house clean for showingsI am so glad Supreme Auctions was recommended to me. The team did a first-class job of marketing my estate. Having the property sell for the highest price on an acre all year was a bonus.
Maverick Commins, principal at Supreme Auctions, echoed the sentiments of the seller:
It was a pleasure working with such a wonderful and realistic seller. Having sold luxury properties both traditionally and at auction in more than 70 countries around the world, it is simply a much better way to sell for both the sellers and buyers. Our company is very selective about the properties we chose to sell. We have created our Accelerated Marketing Program over the last 15 years. There is no company in the US that has a platform like ours to sell luxury properties in this accelerated manner, many times, as with this property setting records for the highest sales. We are the Sothebys, Christies, and Barrett-Jackson of the real estate auction business.
For more information about Supreme Auctions or buying or selling a luxury home at auction, visit Supreme-Auctions.com or call 866-929-2243.
About Supreme Auctions
Supreme Auctions is the premier luxury real estate auction company in the United States, providing proprietary, accelerated marketing services for affluent sellers. The firm leads the auction industry with the latest in technology, systems, and experience to make sure your real estate auction experience is an exceptional one. They have the expertise, knowledge, and experience to develop and implement targeted marketing campaigns for each unique and individual auction property.
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