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Saturday, February 9 2008
WHY BEING REFERRED MAKES SENSE
Because real estate is easy to get into, we are sorry to say there are a lot of agents in the business with little knowledge/experience/tools from which to draw. Often the only transactions some agents have done were with family or close friends who put up with their shortcomings. These are the very same people who give our industry a bad name. By randomly selecting an agent, you are taking a big chance.
Real Estate Professionals/GMAC has a fulltime Relocation Department because we know there is a need to help our friends/clients connect with Realtors® who raise the bar in providin... Read more
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Friday, February 8 2008
Foreclosure Perspective
Foreclosures up 75 percent in 2007
The number of households in foreclosure who lost their home soared in 2007 to about 405,000 households. For the year, total filings—which include default notices, auction sale notices and bank repossessions—grew 75 percent, according to RealtyTrac, an online seller of foreclosure properties.
"There are parts of the country where we’re seeing many more bank repossessions," said Rick Sharga, a spokesman for RealtyTrac. "People are flat out losing their homes."
MAKING SENSE OF THE STORY FOR CONSUMERS
• While these numbers on the surface mig... Read more
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Thursday, February 7 2008
Customer Service Counts in Large Amounts
We are delighted to be recognized in this RISMedia real estate magazine article for our customer service. Our clients grade us everyday through an independent survey process. It earned us the 2007 Quie which highlights the top 10 offices/companies for customer service. Five years ago, GMAC Real Estate’s CEO John Bearden, saw the value in asking our clients "how did we do?" and jumped on board as an entire company. Five years later with 500,000 surveys in...it is helping to change the face of an industry that needed a face lift! ... Read more
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Sunday, February 3 2008
Shasta MLS Market Statistics - 2/3/08
Today’s local Redding and Shasta County real estate market update, straight from the Shasta MLS database:
Residential Listings: (Down 20 listings from 1/31) There are 1,704 active listings and another 254 listings (up 8 listings from 1/31) that are pending (in escrow). Year-to-date during 2008 we have had 110 listings that have sold (closed escrow) and of those, 4 have sold so far during February. Overall statistic for the year 2007: there were 2, 140 listings that sold (closed escrow) and were recorded in the MLS database.
Provid... Read more
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Saturday, February 2 2008
1031 Exchange News
Compliments of
Esther Auerbach
(866) 658-1031 Toll-Free
(530) 241-5060 Direct
(530) 241-5063 Fax
eauerbach@orexco1031.com
Related Party Transactions —
Overview and Summary of Rules
The related party rules under Internal Revenue Code (“IRC”) §1031(f) are designed to prevent planned exchanges between related parties seeking to cash out property and avoid paying capital gains tax. The IRS continues to strictly scrutinize related party exchanges, but has recently indicated a greater willingness to allow exchanges between related parties when the parties establi... Read more
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Saturday, January 19 2008
Field & Stream puts Redding among nation’s top 20 spots
Field & Stream puts Redding among nation’s top 20 spots
Redding makes top 20
These are Field & Stream magazine’s top 20 places to live if you like to fish:
1: Glenwood Springs, Colo.
2: Mountain Home, Ark.
3: Traverse City, Mich.
4: Bozeman, Mont.
5: Minocqua, Wis.
6: Apalachicola, Fla.
7: Nantucket, Mass.
8: Bend, Ore.
9: Guntersville, Ala.
10: Morehead City, N.C.
11: Missoula, Mont.
12: Ely, Minn.
13: Page, Ariz.
14: Driggs, Idaho.
15: Jasper, T... Read more
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Friday, January 18 2008
Thinking points for Buyers and Sellers
THINKING POINTS FOR BUYERS
- The doom and gloom you’re hearing about in the mass media should not affect your decision to act if you are ready, willing, able and eager to do so.
- Prices may still go lower, but as soon as they hit bottom, they will rebound with a vengeance, quickly wiping out any advantage you might gain by waiting.
- Right now, you have an unusually wide selection of properties to choose from, including those owned by people highly motivated to sell immediately.
- With so many potential buyers holding off, you have a much smaller number of people... Read more
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Thursday, January 17 2008
Shasta MLS Market Statistics - 1/17/08
Today’s market statistics straight from the Shasta MLS database:
Active Residential Listings: 1,726 (down 1 from yesterday)
Pending (in escrow) Residential Listings: 244 (up 3 from yesterday)
Sold Residential Listings in January 2008: 48 (up 3 from yesterday)
Sold Residential Listings during 2007: 2,140
Provided by Clint & Mindy Cronic ... Read more
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Wednesday, January 16 2008
Shasta MLS Market Statistics - 1/16/08
Today’s market statistics straight from the Shasta MLS database:
Active Residential Listings: 1,727
Pending (in escrow) Residential Listings: 241
Sold Residential Listings in January 2008: 45
Sold Residential Listings during 2007: 2,140
Provided by Clint & Mindy Cronic ... Read more
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Sunday, January 13 2008
Real Estate Investing 101: Purchasing Rentable Properties
by Eric Bramlett
Purchasing real estate with the intent of turning it into an apartment or a house for rent can be an excellent financial decision. When you buy a property with the intent of renting it, however, there are several factors you should take into consideration in order to guarantee the best chance of successfully finding a tenant and making money from your investment.
Assessing Your Goals Before Buying
Before you buy real estate with the intent of renting it out, you need to determine what your goals will be. For example, do you want to create a steady sou... Read more
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Wednesday, November 21 2007
Guaranteed To Expire
Guaranteed To Expire
by Paul Pastore, ABR,CRS,CRB,G.R.I.,MRE,e-pro,RECS,
Here are the top ten ways any seller can practically guarantee their home will expire:
1. Not serious about selling. A sage once quipped, "Money is only important when you don’t want something enough." Real estate expert R.L. Brown said that if half of the 58,000 sellers in Maricopa County (Arizona) removed their for sale signs we would be at normal inventory levels. Actions speak louder than words in this market. Discretionary sellers should wait for a less competitive environment. Read more
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The Top Ten Reasons It's a Great Time To Buy Real Estate!
by Paul Pastore
1. Selection, selection, selection. There are about 57,000 resale homes on the market in Maricopa county(Phoenix). Regardless of the price range a buyer desires, there are plenty of houses from which to choose. Just a few years ago the resale inventory dropped below 5,000 units. A buyer was forced to make compromises if they were going to locate the home of their dreams. There is a great selection of attached homes, condos, and townhouses. You can find large lots, small lots, and a lot that will accommodate your boat or RV. There are lots of options in this market. Read more
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Friday, November 16 2007
Media Loves to Sensationalize
We are all affected at this point in time by how the media is portraying the real estate market. It is time for some more rational thinking to surface and Bernice Ross has spoken in Inman News. Bernice is a well known national speaker and real estate coach and speaks reason here. It will be well worth your while to read all of what she says here in Part 1 of 2. ... Read more
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Saturday, October 13 2007
Salmon Festival: October 20, 2007
This shows off Mother Nature at its best. Every year the salmon come back to spawn. This is in our own backyard and well worth the drive to see the salmon thick in the water jumping the fish ladders. It’s a great way to spend an October day...
Directions to the Coleman Fish Hatchery:
Traveling North on I-5 - Take the Jellys Ferry Road exit north of Red Bluff and at the end of the exit ramp turn right. Proceed 14.1 miles and turn right onto Coleman Fish Hatchery Road (brown sign at intersection). Proceed approximately 2 miles the hatchery is on the right side of the road w... Read more
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Friday, September 28 2007
Enter our Preferred Partner Contest Drawing
Click on the link below to find out how you can win a $50 Gift Certificate to one of our Preferred Partners, DREAM DINNERS. Contest entry ends on Sunday, Sept. 30 prior to midnight.
Take a moment to browse the websites and visual tours on this page to find out about some top notch local businesses with a focus on quality service and products to their customers. ... Read more
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