Sunday, December 20, 2009

A Group of five Orange County real estate brokers approach one billion in closed real estate transactions, form a key niche group

All five real estate professionals are employed by Orange County's premier real estate company, First Team Estates located in Newport Beach. One of First Team's elite and star producers, Dean Lueck, is in the top five category of all Buyer's agents in Orange County, and he decided to form Concierge Realty Network (Orange County real estate) after hand picking experts in relative areas to assure a dynamic team and deliver even more client satisfaction.

Lueck told us The real estate and loan industry has drastically changed in the past few years, I found it necessary to form Concierge Realty Network http://www.ConciergeRealtyNetwork.com in order to address some of the complex issue in this world, heck we even have a rocket scientist in our group with a Ph.D. from Stanford.

Concierge Realty Network has recently completed its state of the art website which includes the normal tools today's internet savvy clients demand such as MLS searches (property searches), loan calculator, market watch, distressed property searches, and even foreclosed homes search as well. However, besides being up to date on these, it adds an interactive forum that this Orange county niche group will actively advise and comment on. Michael Dean, one of the Concierge Reality Network's realtors, says People are looking for deals which include REO properties and short sales, we provide the tools and know how to deliver those deals often, and sometimes before they even hit the market.

We took a look at the first few lines of the home page of Concierge Reality Network and it reads as follows. The real estate and loan markets have drastically changed but the American dream hasn't. Buying a home today is quite possibly the most important decision a person can make. The ever changing market requires a new breed of Realtor capable of guiding you through the challenges and opportunities in today's fast-paced real estate world. Now is NOT the time to rely on "just another Realtor". We understand what's needed to be successful in this complex marketplace and have assembled the finest group of agents in Orange County.

IJR then asked Roxana Greenman, the Rocket Scientist of the group on the necessity of someone as qualified as her and her reply to us was, It is not a necessity just a luxury, isn't that what Concierge is known as per definition? It was a simple decision based on team created by Dean Lueck. We have a veteran loan agent in Vince Rinehart that has 25 years experience in the Orange County loan industry and has served as a CEO, consultant, and President at various Mortgage, start-up's and banking firms. It's reassuring that Vince has generated over $600,000,000 in closed loans as well. I ran a family owned award winning real estate and loan company for the last five years serving as a associate broker, office manager, and director of 35 plus employees prior to moving back to Southern California and having the opportunity to be teamed with Dean and Vince was a no brainer, even for a rocket scientist.

Josette Ruhnke is the last link of this group poised for success in the Orange County Real Estate group that has teamed together to tackle all the recent real estate trends in a industry that has been hammered by the economy, government bailouts, unprecedented home value declines, and a trigger to one of the United States closest moments to reliving another depression. Josette told us, The real estate rise and fall literally helped form our group, the people that became real estate agents at record numbers the last 7 years have largely went back to their former professions or even do real estate as a hobby as they cannot make a living at it with current loan and housing constraints. We have all been in many different real estate markets and are not going anywhere as this is our true profession and our passion shows.

Based on history and what appears to be a solid foundation, Orange County residents seem to have a solid choice in choosing a real estate professional in their county. An Orange County real estate forum seems to be a great place to start in today's internet world, and this elite group seems to be heading in the direction commanded by to today's educated consumers that need quality leadership and professionalism. The niche team guarantees that the partnership delivers unsurpassed value and professionalism to those who want only the best representation available. Impeccable service, strategic negotiation, innovative strategic planning, adaptive knowledge, and flawless implementation guarantee they will exceed your expectations time after time.

Roxana Greenman is a luxury specialist in Orange County

Roxana Greenman is a luxury specialist in Orange County. Luxury Portfolio member First Team Estates has expanded their “Live Beautifully” program, giving select agents the opportunity to become luxury specialists for exceptional multi-million dollar properties throughout Southern California. Certification in the program includes specialized training and access to various marketing resources and strategies that help associates provide added value and innovative services for today’s savvy luxury homeowners and buyers.

Wednesday, December 16, 2009

Orange County Rocket Scientist takes banks head on when negotiating REO properties

Many real estate experts say that an “As Is” foreclosed bank-owned property (REO) is the final word, meaning no negotiations, especially in a rising Orange County real estate field. Reasons are plentiful but not all agents take that approach.
(EMAILWIRE.COM, December 16, 2009 ) Oakland, CA - According to Roxana Greenman of Concierge Realty Network, “Every house has a minimal price tag the seller will end up taking, whether it is a bank or an actual owner, I find that number.” So you think you got the best deal in your foreclosed REO or short sale property, International Journalism Review (IJR) found a Rocket Scientist that thinks maybe not.

According to Roxana Greenman, that is just where negotiations begin. In fact, Greenman told IJR “Last week I helped a first-home-time buyer purchase a beautiful Tustin home for under the listing price and as an “as is” sale.” Greenman told us she knew her buyer was qualified but also knew there was more negotiating still in store. She said, “I negotiated all section 1 work to be paid by the REO bank including remodeling of two bathrooms that had dry-rot in the subfloors, and this was on the eleventh hour, patience and tact paid off. The clients were ecstatic that the shower pan was replaced and the shower area was retiled with beautiful new tile work. The two bathrooms received new flooring and all the section one work was completely paid for throughout the house.”

Time is running out on bragging rights to securing the ultimate price deal in this housing crisis according to many real estate sources in the Southern California and Orange County housing information resources. Closing as what she explained as a tough deal in today’s banking market, it doesn’t seem to be “Rocket Science,” and she would know because Roxana Greenman happens to hold a coveted Ph. D. from Stanford University in Aeronautical and Astronautical Engineering.

Roxana Greenman is part of a new group of five Elite brokers that within the last month put together an all star team comprised of members from First Team Estates. First Team in itself is already the number one brokerage in Orange County among active real estate companies. The group was hand selected by it’s leader and one of First Team top producers, Dean Lueck, and Roxana Greenman must have fit the technical negotiator they were looking for.

Although Roxana has been a licensed broker for several years and has led two Real Estate Corporations, she prides herself on being a buyer’s agent, especially in her home of Southern California. She told us, “If you pride yourself on being a thorough and specialized buyers agent, your naturally an ideal fit for a listing agent as well, this doesn’t necessarily work in reverse order however, and people listing their houses should be aware of that, it isn’t about putting a sign in the yard and making pretty fliers anymore.”

IJR believes that foreclosures, REO’s, short sales, and real estate bargains seem to be available even in Orange County, however one must anticipate that all good things must come to an end. Just as literally millions of people made fortunes on the real estate frenzy in 2004, 2005, and 2006, it came at the expense of others. People will make the same if not bigger fortunes if they buy at the right time, and that time could be now as this country battles some of the largest home losses in values in almost a century.

Concierge Realty Network claims timing is everything. Lueck, an OC top producer, says the time to buy is now or maybe a month ago. Greenman the rocket scientist broker that is actually qualified to figure out computational fluid dynamics of basic rain gutters or roof angles, or flow in pipes for that matter in a single family home says timing points now. The rest of the members of Concierge seem to concur as well. Concierge makes a good argument that experience, education, results, and timing make them a front runner in choices for any home buyer looking to purchase a home or for anyone considering selling their Orange County home.

Mary Muller – independent writer – Real Estate investor, speaker, Title officer
InternationalJournalismReview@gmail.com / 510 697-7646

Monday, November 23, 2009

Stronger housing, weaker dollar boost Wall Street

U.S. stocks rose on Monday, with the S&P 500 on track to snap a three-day sell-off as stronger-than-expected home sales data fueled optimism about the economic recovery while a weaker dollar boosted commodity-linked stocks.

Sales of previously owned U.S. homes rose to their highest level in more than 2-1/2 years. That helped to ease concerns about the housing recovery generated last week when another report showed housing starts fell sharply in October.

Monday's data reassured investors who have fretted over the economy as unemployment rose and consumer confidence fell. Stocks rallied broadly with all 10 S&P sectors showing strong gains.

Friday, June 12, 2009

Foreclosures Won't End Soon, Analysts Predict

Rising unemployment and falling home prices is a treacherous combination that is dragging people with excellent credit into the foreclosure morass.

The jobless rate of 4.4 percent in April of people with bachelor’s degrees isn’t high compared with the overall unemployment rate, but it is more than double what it was a year ago.

Foreclosures are unlikely to peak until 2011, says David Crowe, chief economist of the National Association of Home Builders. He says foreclosures typically hit a high after unemployment does, and he believes the employment situation won’t turn around until late this year. Then rising employment will drive up interest rates, he fears, causing more resets of adjustable rate mortgages, leading to more foreclosures.

Credit Suisse echoes Crowe’s concerns, predicting that scheduled resets will hit a high in 2010 and rates will stay high until 2012.Source: Business Week, Peter Coy (06/15/2009)

To check out great inventory on foreclosures and short sales (Hot Buys) and even leases do a search on http://www.roxanagreenman.com/ for your area of interest including Newport Coast Real Estate, Newport Beach Real Estate, Corona Del Mar, and Irvine Real Estate.

Wednesday, June 10, 2009

Inventory Houses Fall

The inventory of homes for sale in 28 major metropolitan areas served by ZipRealty Inc., was down 3.9 percent at the end of May.The ZipRealty data is compiled from local multiple-listing services where the firm operates and doesn’t include New York City. It also doesn’t include many of the foreclosed homes owned by banks.Compared with a year ago, the May inventory was down 24 percent. Historically, inventories have been flat between April and May, according to Zelman & Associates research firm.Housing economist Thomas Lawler said the decline in inventory combined with slow housing starts "indicates that home prices in many parts of the country could be nearing a bottom."
To check out great inventory on foreclosures and short sales (Hot Buys) and even leases do a search on www.RoxanaGreenman.com for your area of interest including Newport Coast Real Estate, Newport Beach Real Estate, Corona Del Mar, and Irvine Real Estate.

Wednesday, May 20, 2009

Housing Affordability Surges to Highest Level in 18 Years

RISMEDIA, May 20, 2009-Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI showed that 72.5% of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the national median income of $64,000, up from 62.4% during the previous quarter and up from 53.8% during the first quarter of 2008.

“Underlying the increase in affordability are lower home prices and record low interest rates. Combined with the $8,000 federal tax credit for first-time home buyers, consumers are beginning to return to the marketplace,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla.

Indianapolis was the most affordable major housing market in the country during the first quarter. Almost 95% of all homes sold were affordable to households earning the area’s median family income of $68,100. Indianapolis has now topped the affordability list 15 consecutive quarters.

Also near the top of the list of the most affordable major metro housing markets were Youngstown-Warren-Boardman, Ohio-Pa.; Akron, Ohio; Grand Rapids-Wyoming, Mich.; and Syracuse, N.Y.

Several smaller housing markets posted even higher affordability scores than Indianapolis, with Sandusky, Ohio outscoring all others. There, almost 98% of homes sold during the first quarter of 2009 were affordable to median-income earners. Other small housing markets ahead of Indianapolis on the affordability scale included Monroe in Michigan and Mansfield, Springfield and Canton-Massillon in Ohio.

New York-White Plains-Wayne, N.Y.-N.J., where just over 21% of all homes sold during the period were affordable to those earning the median income of $64,800, was once again the nation’s least affordable major housing market in the first quarter. Though affordability jumped 7 percentage points for the quarter, this was the New York metro area’s fourth consecutive appearance at the bottom of the list. Other major metros near the bottom of the chart included San Francisco; Los Angeles-Long Beach-Glendale, Calif.; Nassau-Suffolk, N.Y.; and Honolulu.

Among smaller metro areas, Ocean City, N.J. was the least affordable market, along with San Luis Obispo-Paso Robles, Calif.; Flagstaff, Ariz.; Hanford-Corcoran, Calif.; and Santa Cruz-Watsonville, Calif., respectively.

For more information, visit www.nahb.org.

To check out great inventory on foreclosures and short sales (Hot Buys) and even leases do a search on www.RoxanaGreenman.com for your area of interest including Newport Coast Real Estate, Newport Beach Real Estate, Corona Del Mar, and Irvine Real Estate.