Real Estate Agent – California Sunset Team http://californiasunsetteam.com/ Fri, 27 May 2022 01:18:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://californiasunsetteam.com/wp-content/uploads/2021/09/californiasunsetteam-icon-120x120.jpg Real Estate Agent – California Sunset Team http://californiasunsetteam.com/ 32 32 Cash-to-purchase companies level the home buying market https://californiasunsetteam.com/cash-to-purchase-companies-level-the-home-buying-market/ Fri, 27 May 2022 01:18:00 +0000 https://californiasunsetteam.com/cash-to-purchase-companies-level-the-home-buying-market/ CARROLWOOD, Fla. — A widening gap amid Tampa’s boiling real estate market is one local homebuyer on the wrong side. “They think, ‘Man, I can’t have a home. I put the full price or I ask for offers again and again and I don’t get it. ‘” Tampa-area real estate agent Michael Notbohm said. . […]]]>

CARROLWOOD, Fla. — A widening gap amid Tampa’s boiling real estate market is one local homebuyer on the wrong side.

“They think, ‘Man, I can’t have a home. I put the full price or I ask for offers again and again and I don’t get it. ‘” Tampa-area real estate agent Michael Notbohm said. .

Notbohm knows that cash is king in today’s real estate market. The almighty dollar rules all homebuyers and the more green you have, the more favorable your offer becomes.

“Sellers like cash offers because they don’t have to do an appraisal at the price they’re getting,” said Lombardo Team Real Estate owner Julia Lombardo.

Lombardo said sellers are looking for up to half of their home payment in cash.

It is a seller’s market, and the high value placed on initial cash is tipping the balance in favor of outside investors.

“You see a lot of cash buyers, who find it hard to compete with cash offers,” she said.

“It’s overwhelming,” Cara Dozier told ABC Action News of navigating Tampa’s housing market as a first-time home buyer.

At present, Dozier is still renting and reducing his student loan debt. A real underdog story in homebuying history against big investors who Florida Realtors say own a third of recently purchased homes on the Tampa market.

“It drives me crazy,” Dozier said. “It drives me crazy that there are so many people who are already here or are moving here who just have an abundance of money who are going to buy these houses and sit on them or rent them out for too much money.”

“You make offer after offer and they’re like, they made a cash offer, they made a cash offer, and it’s frustrating, I mean, it really is,” Notbohm said.

But frustration turned to triumph earlier this month when Notbohm caught wind of a new player in the housing market.

Homeward is an Austin, Texas real estate company that expanded to Tampa in early May. The company disburses money for a buyer to secure their new home and then offers the buyer a mortgage to redeem the home immediately.

“I was practicing and going through the details, and it felt like it was the perfect script for Laura,” Notbohm said. “It now puts you on equal footing with the large sums of money coming in and invading properties left and right.”

The cash service concept is newer to Florida. Lombardo works with Ribbon Real Estate, another cash-to-buy company, which moved here in August 2021.

“We’re actually seeing several companies come in and say, ‘Hey, we’re going to go ahead and give you a full cash offer, and then we’ll go ahead and work out a deal behind the scenes once it’s closed,'” Lombardo said.

With quick financial help, Notbham client Laura closed her first home after scratching five times before.

“Being able to help someone solve a problem and give them the home they’ve always dreamed of, for me, that’s very rewarding,” Notbohm said.

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REX pivots to single-family rental market as Hail Mary https://californiasunsetteam.com/rex-pivots-to-single-family-rental-market-as-hail-mary/ Wed, 25 May 2022 17:23:18 +0000 https://californiasunsetteam.com/rex-pivots-to-single-family-rental-market-as-hail-mary/ Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel. Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel. Instead of serving individual buyers and sellers, […]]]>

Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel.

Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel. Instead of serving individual buyers and sellers, the Texas-based company has focused on institutional buyers in the single-family rental market.

Lynley sides | 1 credit

“[REX’s focus is] the B-to-B side of the business, which is partnering with different types of single-family rental companies,” Lynley Sides, co-founder of REX and COO, told Real Trends, who announced the news on Monday. ” We help [single-family rental companies] find homes. We try to help them buy homes that are in their buy box.

“It can be a challenge for them to find homes to buy,” she added of the opportunity to delve into the single-family rental market, which has grown tremendously during the pandemic. .

Despite reports that REX has canned all of its agents and a significant portion of its support staff, including account managers, sales specialists and others, Sides said the brokerage has enough employees. to negotiate deals with institutional landlords in California and Florida.

The COO declined to share which owners they would work with, their current agent count and whether those agents will retain their W-2 status or be treated as independent contractors. However, she said the fierce legal battle with the National Association of Realtors (NAR) and Zillow has forced REX to take dramatic steps to stay afloat.

“I will say the Zillow event was significant and it was the driving force behind a drastic downsizing,” Sides told RealTrends.

Sides’ interview with RealTrends follows two weeks of damning news that led industry members to believe the brokerage was on the brink of destruction. May 11, the american genius signaled an impending shutdown after REX employees reported a second round of mass layoffs on LinkedIn.

“After 4 years as a remote account manager at REX immobilier, a great start-up experience, unfortunately they have made the difficult decision to close shop… so am looking for another remote opportunity if anyone needs me ! I have skills, just a hard and dedicated worker,” read the post of a former REX employee, according to a previous Inman article.

The layoffs coincided with office closures in Austin, Texas, and Woodland Hills, California. Seven months prior, REX had closed its offices in New York and Chicago amid a shocking announcement that it had started joining the organizations it had spent seven years avoiding – Multiple Listing Services (MLS). .

jack ryan | 1 credit

In a statement to Inman reporter Andrea Brambila, REX General Counsel Michael Toth said layoffs, office closures and other structural changes were “painful decisions” because of their battle year-long antitrust with NAR and Zillow after the portal began separating non-MLS listings. MLS listings on its site.

REX said the change negatively impacted traffic to its listings and violated antitrust laws. NAR and Zillow have filed a countersuit against REX; however, the court dismissed that lawsuit last month.

“REX was poised to disrupt the industry for consumers,” Toth said. “Unfortunately, as alleged in REX’s federal lawsuit, when Zillow and NAR agreed to protect their profits, REX’s innovative business model was sacrificed. The industry could not tolerate consumer choice. As a result, we We had to make many painful decisions.

Despite the beatings REX has taken, Sides, Toth, and CEO Jack Ryan have told Inman multiple times that they won’t back down from Zillow and NAR, and will continue to navigate their business options with recent funding from $10 million on their side.

The insurance company that underwrote the $10 million private placement bond, PIUS, declined to say whether the funding round had officially closed, but remained optimistic about REX’s trajectory.

“[We] stay confident in REX’s technology,” PIUS CEO Joe Agiato told Inman in a previous post.

“[The funding will] support REX’s continued business growth and market expansion, including both our technology platform and homebuyer services, as we pursue our mission to provide a direct-to-consumer real estate solution for individuals across the country,” Ryan said on May 19.

Email Marian McPherson

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Luxury real estate firm Douglas Elliman hires James Horne to help expand Houston office https://californiasunsetteam.com/luxury-real-estate-firm-douglas-elliman-hires-james-horne-to-help-expand-houston-office/ Mon, 23 May 2022 14:47:49 +0000 https://californiasunsetteam.com/luxury-real-estate-firm-douglas-elliman-hires-james-horne-to-help-expand-houston-office/ Luxury real estate company Douglas Elliman is expanding its presence in Houston and has recruited a leader from a competing brokerage firm to support its growth. Douglas Elliman, one of the nation’s largest luxury real estate brokers, has hired James Horne as executive sales manager in Houston. At Douglas Elliman, Horne will be responsible for […]]]>

Luxury real estate company Douglas Elliman is expanding its presence in Houston and has recruited a leader from a competing brokerage firm to support its growth.

Douglas Elliman, one of the nation’s largest luxury real estate brokers, has hired James Horne as executive sales manager in Houston. At Douglas Elliman, Horne will be responsible for supporting 149 agents, most of whom work in luxury real estate with an average home price of $1.01 million. He will also help with recruiting in Houston.

Horne comes from real estate firm Compass where he helped facilitate $5.2 billion in sales for fiscal year 2021, according to Douglas Elliman. As director of sales, he was responsible for supporting about 240 of Compass’ top agents in Houston, as well as mentoring, coaching and supporting more than 700 total agents, he said. .

RELATED: New 12-story chic condo project by River Oaks planned

Horne – who himself has a law degree and a broker’s license – will again play a leadership role providing mentorship, support and advice to Douglas Elliman’s agents. The brokerage did not have a designated sales manager in Houston before. Instead, Valerie Decker acted as both sales manager and broker. But the company got so busy it wanted to free up Decker’s time to focus on brokerage, Horne said. Decker will now serve as the official broker for Douglas Elliman in Texas.

“I’m excited to take on the development role for this office in Houston,” said Horne, who said he joined Douglas Elliman because he was drawn to the corporate culture.

Douglas Elliman described himself as the sixth-largest residential real estate brokerage in the United States with around 100 offices and 6,500 realtors and 930 employees at the end of 2021. His profits reached around $98 million last year after a loss of $46.3 million the previous year. , according to its annual report. Total deal volume soared nearly 43% to 32,400 deals completed in 2021, according to its annual report.

The company wants to build on its momentum in Houston by continuing to grow both its transaction volume and its workforce.

“We want to bring in agents who really want to make their mark in the luxury market. They really want to work hard and they want to collaborate with us,” Horne said.

EARLIER: Pelican Builders sets up financing for The Hawthorne

Since entering the Texas market in August 2019, Douglas Elliman has begun to carve out a space for itself, first with an office in Houston, then with offices in Dallas and Austin. In Houston, the company represents notable new developments, such as The Sophie at Bayou Bend condominium projects by Stolz Partners and The Hawthorne, The Revere at River Oaks and The Westmore by Pelican Builders.

Sales in the luxury condo market were relatively flat in April, but condos priced over $1 million are spending about 26 fewer days on the market than at the same time last year, even though inventory remains high for luxury condos, according to Houston Association of Realtors. However, including single-family homes, sales of homes priced over $1 million rose nearly 25% in April compared to the same period last year, according to HAR. Douglas Elliman agents work with all types of homes but focus on luxury space, a niche Horne has also carved out for himself over the years.

“We are thrilled to welcome him to the Elliman family and look forward to expanding our footprint in Houston together,” said Stephen Kotler, West Region CEO of Douglas Elliman Realty.

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Realtor Fee Market to Show Lucrative Growth Trends Over 2021-2026 https://californiasunsetteam.com/realtor-fee-market-to-show-lucrative-growth-trends-over-2021-2026/ Sat, 21 May 2022 22:50:02 +0000 https://californiasunsetteam.com/realtor-fee-market-to-show-lucrative-growth-trends-over-2021-2026/ The latest study on the Estate Agent Fees market is a detailed research report encompassing important parameters with regards to the industry in question. An intricate outline of the market segmentation has been given in the report, alongside a brief overview of the present scenario of the Estate Agent Fees market. The study is also […]]]>

The latest study on the Estate Agent Fees market is a detailed research report encompassing important parameters with regards to the industry in question. An intricate outline of the market segmentation has been given in the report, alongside a brief overview of the present scenario of the Estate Agent Fees market. The study is also inclusive of the industry size pertaining to the remuneration as well as volume aspects.

A leading research report on “ Estate Agent Fees Market Segment by Applications (Residential Real Estate , Commercial Real Estate ,By Region , North America , United States , Canada , Europe , Germany , France , UK , Italy , Russia , Nordic Countries , Rest of Europe , Asia-Pacific , China , Japan , South Korea , Southeast Asia , India , Australia , Rest of Asia , Latin America , Mexico , Brazil , Rest of Latin America , Middle East & Africa , Turkey , Saudi Arabia and UA), by Type (Buyer Charges and Seller Charges), Regional Outlook: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” to its research database. The Estate Agent Fees comprehensive is perceptible among the most immensely gathered market globally. The Estate Agent Fees report gives the exchange information and the progressing business chain information in the overall market. The report gives a thought with respect to the advancement of the market movement of significant players of the Estate Agent Fees .

A synopsis of the pivotal information pertaining to the geographical scope of the industry has been delivered in the report. Also provided are details on the competitive landscape encompassing a list of players that have established their stance in the industry.

Request Sample Copy of this Report @ https://www.newsorigins.com/request-sample/2796

Elucidating the major insights of the Estate Agent Fees market research study:

A succinct overview of the regional reach of the Estate Agent Fees market:

  • The Real Estate Agent Fee Market report globally explains the regional scope of this industry. It also divides the geographical scope between the United States, Europe, Japan, China, India, and Southeast Asia.
  • The study provides information on the market share represented by each country. In addition, the numerous profitable growth opportunities expected for each geographical area are presented in the study.
  • The research study presents the estimated growth rate to be recorded by each region during the projected period.

A Brief Overview of the Competitive Landscape of the Realtor Fee Market:

  • The Real Estate Agent Fee Market research report presents a top to bottom examination of competitors in this industry. According to the report, organizations –
    • Ke Holdings RE/MAX Century 21 IQI Global ERA Real Estate Vonovia Centaline Property Agency Sotheby’s International Realty CBRE Group Coldwell Banker URW Colliers International Eastdil Secured BOUYGUES Zillow Keller Williams Realty The Corcoran Group Deutsche Wohnen 5i5j Holding Group Camden Property Trust GECINA

    are integrated into the competitive real estate agent fee market space.

  • Information about the area served, the manufacturing sites, as well as the market share of the companies have been mentioned in the study.
  • The report provides significant information about the product landscape of market competitors along with the product features and other information such as the respective applications of the products.
  • A concise overview of the companies in question has been provided. Details about the pricing models along with their gross margins have been listed in the study.

Important takeaways from the study that could prove invaluable to potential stakeholders in the real estate agent fee market:

  • The Realtor Fee Market report specifically assesses the product scope of this industrial space. Coming to the product landscape, the research report segments the real estate agent fee market into product types such as buyer’s fee and seller’s fee.
  • The market share information accumulated on the basis of each product type segment along with the profit estimates and production growth graph has been mentioned in the report.
  • The study provides a generic extension of the range of applications of the real estate agent fee market. According to the report, the scope of application of the real estate agent fee market covers segments such as residential real estate, commercial real estate, by region, North America, United States, Canada, Europe, Germany, France, UK, Italy, Russia, Nordic countries. , Rest of Europe , Asia Pacific , China , Japan , South Korea , Southeast Asia , India , Australia , Rest of Asia , Latin America , Mexico , Brazil , Rest of Latin America , Middle East and Africa, Turkey, Saudi Arabia and AU.
  • Details about the market share as well as product demand for each application segment have been listed in the report.
  • The study also mentions the growth rate that each application segment is expected to register over the forecast period.
  • The study provides meticulous information regarding parameters such as raw material production rate and market concentration rate.

Research objectives:

  • To study and analyze the global Real Estate Agent Fee consumption (value & volume) by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2026.
  • To understand the structure of Real Estate Agent Fee market by identifying its various subsegments.
  • Focuses on the key global Real Estate Agent Fees manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans. development over the next few years.
  • To analyze the Real Estate Agent Fee industry with respect to individual growth trends, future prospects, and their contribution to the total market.
  • Share detailed information on key factors influencing market growth (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of Real Estate Agent Fee submarkets, with respect to key regions (along with their respective key countries).
  • Analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • Establish a strategic profile of key players and analyze in depth their growth strategies.

Answers to key questions in the report:

  • What will be the market growth rate of the Real Estate Agent Fees market?
  • What are the key factors driving the global real estate agent fees market?
  • Who are the major manufacturers in the Realtor Fee Market space?
  • What are the market opportunities, market risk and market overview of the Real Estate Agent Fees market?
  • What are sales volume, revenue, and price analysis of top manufacturers of Real Estate Agent Fees market?
  • Who are the distributors, traders and dealers of Real Estate Agent Fees market?
  • What are the Real Estate Agent Fee market opportunities and threats faced by the vendors in the global Real Estate Agent Fee industries?
  • What are sales, revenue, and price analysis by types and applications of Real Estate Agent Fees Market?
  • What are sales, revenue, and price analysis by regions of Real Estate Agent Fee industries?

Customization request for this report @ https://www.newsorigins.com/request-for-customization/2796

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3 Reasons Advanced Technology Will Help Real Estate Agents — RISMedia https://californiasunsetteam.com/3-reasons-advanced-technology-will-help-real-estate-agents-rismedia/ Fri, 20 May 2022 05:21:50 +0000 https://californiasunsetteam.com/3-reasons-advanced-technology-will-help-real-estate-agents-rismedia/ Technology is advancing rapidly in all aspects of our lives, and while it may improve certain business models and processes, there are fears that technological advancements may eventually replace certain professions, namely real estate agents. However, it has become increasingly clear that striking the right balance between technology and personalized service is the key to […]]]>

Technology is advancing rapidly in all aspects of our lives, and while it may improve certain business models and processes, there are fears that technological advancements may eventually replace certain professions, namely real estate agents. However, it has become increasingly clear that striking the right balance between technology and personalized service is the key to keeping up.

  1. Technology fosters human connection

Advanced technology has allowed real estate clients from other states or countries to view properties and participate in virtual tours. As a real estate professional, you should take advantage of these technologies by reaching out to potential clients and sharing information about available properties. You can build a solid and credible business relationship with potential clients through virtual events before meeting them in person.

  1. Technology streamlines processes

As a successful realtor, you know there are better ways to spend your time than sifting through mountains of paperwork. With specific technology designed for real estate agents, your day-to-day administrative tasks could become much more organized through automation, creating more valuable time to connect with potential clients and build stronger relationships with existing clients.

In addition to automating administrative tasks, many successful real estate agents also use technology to improve their marketing capabilities. You can join online communities to share knowledge, network and build referral partnerships with other real estate professionals. Regardless of why you use technology in your real estate business, remember that it’s designed to enhance your services, not diminish your expertise.

  1. Algorithms cannot replace personalized services

For real estate agents, keeping up to date with the latest technology trends is crucial to attracting customers, creating and converting leads, and closing the deal while differentiating themselves from the competition. Customers can use technology to kick-start their research and learn more about the industry before making a big decision, but when it comes time to decide, most ultimately prefer to do it in person.

A successful real estate agent must be able to read the client’s expressions and steer the conversation in their favor. Focus on what’s important to your customer and use data to paint a picture or tell a story that creates a lasting impression.

As part of the Colibri Real Estate family of leading educational brands, McKissock Learning helps hundreds of thousands of real estate professionals achieve lasting success at every stage of their career each year through continuing education courses and professional development.

For more information, click here.

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San Francisco CA Luxury Real Estate Buyers Agent – Launching a Premium Real Estate Broker https://californiasunsetteam.com/san-francisco-ca-luxury-real-estate-buyers-agent-launching-a-premium-real-estate-broker/ Tue, 17 May 2022 23:07:54 +0000 https://californiasunsetteam.com/san-francisco-ca-luxury-real-estate-buyers-agent-launching-a-premium-real-estate-broker/ San Francisco, United States – May 17, 2022 — With the company’s improved offering, customers can easily acquire luxury homes despite the highly competitive market. The brokerage specializes in the luxury market and offers exclusive property listings that are not available anywhere else. More information about Black Label Real Estate is available via https://blacklabel-realestate.com/ This […]]]>

With the company’s improved offering, customers can easily acquire luxury homes despite the highly competitive market. The brokerage specializes in the luxury market and offers exclusive property listings that are not available anywhere else.

More information about Black Label Real Estate is available via https://blacklabel-realestate.com/

This newly revamped service was launched to help clients navigate the complex world of high-end real estate. All clients will be personally looked after by Tim Farnham, a leading agent who is part of the REALTOR network and is affiliated with Radius, a forward-thinking real estate company.

Despite the current pandemic, San Francisco’s high-end real estate market has held up remarkably well. Indeed, industry data shows the median listing price in the region is $1.9 million, one of the highest in California.

High demand means that every luxury home has multiple bidders, creating a veritable seller’s market. Black Label Real Estate puts its expertise at the service of buyers so that they find the ideal property at the best possible price.

The broker works closely with buyers to understand what they want in a home. They then pre-select properties that meet their criteria and budget, then arrange virtual or in-person tours.

If the client decides to purchase a luxury home, Black Label Real Estate will negotiate with the sellers until a mutually acceptable price is reached. Given the company’s extensive professional network, she can also refer buyers to trusted mortgage lenders, appraisers and inspectors.

Potential clients can schedule a no-obligation consultation with the real estate agency. All they have to do is fill out the online contact form or call the broker’s office to schedule an appointment.

About Black Label Real Estate

Black Label Real Estate provides high level real estate services to high net worth clients who want luxury properties. In addition to helping buyers, it also helps sellers stage and market their homes. It serves the entire San Francisco area, including the Cow Hollow, Marina District, and Twin Peaks neighborhoods.

Founder Tim Farnham says, “My brokerage has a two-word mission statement: clients first. We focus on your needs and make sure no detail slips through the cracks. Your dreams are our dreams; Your success is our success.”

Those interested can visit https://blacklabel-realestate.com/ if they need more details about the company and its services.

Contact information:
Name: Black Label Real Estate
E-mail: Send an email
Organization: Black Label Real Estate
Address: 1160 Battery St. East Suite 100, San Francisco, CA 94111, USA
Phone: +1-415-347-0984
Website: http://BlackLabel-RealEstate.com

Build ID: 89074828

If you detect any problems, problems or errors in the content of this press release, please contact [email protected] to let us know. We will respond and rectify the situation within the next 8 hours.

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Anca Mirescu joins the exclusive Haute Residence real estate network https://californiasunsetteam.com/anca-mirescu-joins-the-exclusive-haute-residence-real-estate-network/ Mon, 16 May 2022 12:04:26 +0000 https://californiasunsetteam.com/anca-mirescu-joins-the-exclusive-haute-residence-real-estate-network/ Anca Mirescu Anca is Director of Sales at Douglas Elliman, the Top 4% of Elliman agents nationwide, and a member of the Douglas Elliman Knight Frank Network. MIAMI (PRWEB) May 16, 2022 Anca is Director of Sales at Douglas Elliman, the Top 4% of Elliman agents nationwide, and a member of the Douglas Elliman […]]]>

Anca Mirescu

Anca is Director of Sales at Douglas Elliman, the Top 4% of Elliman agents nationwide, and a member of the Douglas Elliman Knight Frank Network.

Anca is Director of Sales at Douglas Elliman, the Top 4% of Elliman agents nationwide, and a member of the Douglas Elliman Knight Frank Network. She is currently part of the inside sales team at Elysee, the premier luxury boutique in Edgewater.

Anca has a background in finance and strategy consulting and holds an MBA from Stanford Graduate School of Business and a bachelor’s degree in public and international affairs and Japanese language and culture from Princeton University.

Anca has generated over $350 million in general sales and new developments, representing local and international buyers and sellers, investors and end users. She has also established strong ties with the brokerage community, both locally and nationally/internationally. She is constantly expanding and strengthening these connections by leveraging technology and maintaining a strong social media presence.

Before starting her career in real estate in 2009, Anca was a partner at Goldman Sachs in Miami and New York, within the Private Wealth Management group. She has also worked for the Boston Consulting Group (as a management consultant) and AnnTaylor Stores Corp (as a corporate strategy associate) in New York. Anca is from Rm. Valcea, Romania, and spent 10 years in New York and San Francisco, before moving to Miami in 2009.

Currently a resident of SoFi, Anca is a sports and fitness enthusiast who participates in dance, calisthenics, Pilates or yoga daily, and loves to travel, having visited over 30 countries for business and pleasure. She also volunteers with the Chapman Partnership for the Homeless and supports the Humane Society, where she adopted her beloved Chihuahua mix, Lacey.

Visit the profile of the high residence of Anca Mirescu: https://www.hauteresidence.com/member/anca-mirescu/

ABOUT HIGH RESIDENCE

Designed as a partnership-focused luxury real estate portal, Haute Residence connects its affluent readers with top real estate professionals, while delivering the latest real estate news, showcasing the world’s most extraordinary residences on the market. and by sharing expert advice from its experts and experienced. real estate partners. The invitation-only luxury real estate network, which partners with a single agent in each market, brings together a distinguished collective of leading real estate agents and brokers and highlights the most extravagant properties in the world’s major markets whole for buyers, sellers and affluent real estate. real estate enthusiasts. HauteResidence.com has become the number one source of information for million dollar listings, high end residential developments, celebrity real estate and more.

Access all this information and more by visiting http://www.hauteresidence.com

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Ready to buy the house of your dreams? Beware of Past Insurance Claims – Sun Sentinel https://californiasunsetteam.com/ready-to-buy-the-house-of-your-dreams-beware-of-past-insurance-claims-sun-sentinel/ Sat, 14 May 2022 11:03:42 +0000 https://californiasunsetteam.com/ready-to-buy-the-house-of-your-dreams-beware-of-past-insurance-claims-sun-sentinel/ You wouldn’t marry someone without asking them about their past. You also shouldn’t buy a house without investigating its past. Checking for liens, unrepaired damage, mold, termites, and other potential issues is an important and required part of the “due diligence” your potential lender requires before approving a mortgage on your family’s home. dreams. But […]]]>

You wouldn’t marry someone without asking them about their past. You also shouldn’t buy a house without investigating its past.

Checking for liens, unrepaired damage, mold, termites, and other potential issues is an important and required part of the “due diligence” your potential lender requires before approving a mortgage on your family’s home. dreams.

But there is more to consider. You should also check to see if any insurance claims have been filed by previous owners of the home, said Mark Friedlander, director of corporate communications for the industry-funded Insurance Information Institute.

Buyers looking for homes in South Florida’s current real estate market are facing challenges obtaining coverage in Florida’s struggling insurance market. Pushed back by high levels of fraud and abusive litigation, many insurers have stopped underwriting policies for properties that were built more than a decade ago or whose roofs are over a certain age. To minimize the risk of claims, insurers try to weed out properties in less than perfect condition.

A history of claims against a home can increase premium costs for future coverage. As a Coral Springs homebuyer recently discovered, it can also be a business killer if the home has other issues that would cause insurers to dismiss it as an unacceptable risk.

“Florida insurers continue to tighten underwriting standards for home insurance coverage due to the current statewide property insurance crisis,” Friedlander said in an email. “This includes assessing the risk of a specific property that may have experienced significant claims activity in the past and refusing to provide coverage to a new owner of that property.”

Joe Heimovics found out the hard way recently after signing a contract to buy a 35-year-old house in Coral Springs this spring. A few days after his agent told him he had found a state-regulated company willing to write a policy, the agent called him back.

The company had searched the property through a database of claims reports and discovered an insurance claim filed nine months earlier by the home’s previous owner, Heimovics said. The claim, combined with the age of the home, made it ineligible for coverage, her agents told her.

Heimovics declined to identify the company that decided not to insure his new home, saying he did not want to create any conflicts with the company.

The previous claim, for repairing water damage caused by a leaky washing machine, cost the insurer $16,000, Heimovics said. But whatever damage was done, it was clearly repaired and the laundry room that housed the device showed no signs of mold or water damage, he said.

Heimovics, a lawyer who specializes in corporate finance and real estate transactions, said several insurance agents he spoke to were unable to find another regulated company willing to cover the home. Its replacement value passed the $700,000 threshold for eligibility with state-owned Citizens Property Insurance Corp., the insurance of last resort if private companies fail to insure a home.

So to satisfy his mortgage lender’s requirement for full replacement coverage to be eligible for financing, Heimovics exited the regulated insurance market and purchased a policy from an unregulated company known as excess line carrier name. Since excess line companies are not required to seek state approval for their rates, the policy cost him about $7,000 more than he would have paid for insurance if the previous owner had not filed a claim, he said.

More homeowners are turning to the surplus market, Friedlander said. “We are seeing a significant increase in excess line coverage for existing homeowners and new buyers where no private market coverage is available and where citizens have rejected coverage due to various risk factors,” a- he declared.

Insurers also look at homeowners’ credit scores and their own claims history to assess the likelihood of future claims.

Every time someone signs a contract to buy an insurance policy, the insurer pulls what is called a CLUE (Comprehensive Loss Underwriting Exchange) report. It works much like a credit report: insurance claims filed by an applicant stay on the report for seven years, just like payment histories stay on your Experian, Equifax, or TransUnion reports.

CLUE reports track the claims histories of individual policyholders and properties, Susan Manning wrote in June 2021 for the insurance marketplace website Insure.com.

“Most home insurance companies provide information to the CLUE report, so your claims history follows you,” Manning wrote. “The claims history of your home also influences rates – even if the claims occurred before you owned the home.”

Heimovics’ experience is probably not common, but could be a sign that insurers are looking for other ways to tighten their eligibility criteria.

Locke Burt, president and CEO of Ormond Beach-based Security First Insurance, said a single claim from a previous owner would not prevent a new owner from being covered by his company unless other factors were present. “We would not uphold a priority claim filed by the previous owner against the new owner of the house,” he said. “What you would do is inspect the house to make sure the repairs were done properly.”

Owners of homes worth less than $700,000 should be able to turn to Citizens Property Insurance Corp. whether a previous homeowners insurance claim and the age of their home disqualifies them from private market coverage, said Citizens spokesman Michael Peltier. But it depends on all other conditions working properly, like a newly constructed roof and no unrepaired damage.

But Peltier acknowledged, “Other carriers may not write home due to age and a prior claim.”

Tom Stravecky, a realtor with ERA Infinity Properties in Fort Lauderdale, said he’s heard that a prior claim against a home could affect a buyer’s ability to get a policy on the property. However, he said he hadn’t seen such a scenario kill any of his chords.

Stravecky recommends buyers protect themselves by having their agent purchase insurance immediately after signing an initial purchase agreement. If a CLUE report reveals a disqualifying history of claims by the previous owner, it’s best to find out about it earlier in the sale process. “Previously, buyers would wait until the last minute to initiate a policy,” he said. “I recommend doing it right away.”

No, buyers cannot access CLUE. Federal law restricts access to CLUE reports to a home’s owner, lender, and insurer. Insurers typically commission reports when verifying claims from potential policyholders, as in the case of Heimovics. Homebuyers can also ask the seller to purchase a CLUE report for around $20.

Most contracts require buyers to obtain financing within 30 days or potentially lose their deposit. This is set out in what is called the contingency clause in purchase contract financing.

With a shortage of homes on the market, buyers are bidding without thinking about availability or the cost of insurance, Heimovics said. Home sellers and their real estate agents are not required to investigate past insurance claims or include anything regarding insurance claims history in a sales contract. “But it would have been helpful for me to know that,” he said.

Homeowners who might be considering selling their home should consider how filing an insurance claim might affect their ability to complete a sale, Heimovics said. If the damage can be repaired without filing a claim, that choice could avoid complications later, he added. “It goes both ways,” he said. “Everyone is at risk of something affecting them if an insurance claim is filed.”

Ron Hurtibise covers business and consumer issues for the South Florida Sun Sentinel. He can be reached by phone at 954-356-4071, on Twitter @ronhurtibise or by email at rhurtibise@sunsentinel.com.

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West Texas real estate agents take a day off to give back to their community https://californiasunsetteam.com/west-texas-real-estate-agents-take-a-day-off-to-give-back-to-their-community/ Thu, 12 May 2022 21:05:00 +0000 https://californiasunsetteam.com/west-texas-real-estate-agents-take-a-day-off-to-give-back-to-their-community/ Keller Williams Realty team members performed service projects around San Angelo on the group’s annual “Red Day.” SAN ANGELO, Texas — The Keller Williams Realty Group in San Angelo closed for the day Thursday to help spruce up three homes in the community during the group’s annual service day. Since May 2009, Keller Williams locations […]]]>

Keller Williams Realty team members performed service projects around San Angelo on the group’s annual “Red Day.”

SAN ANGELO, Texas — The Keller Williams Realty Group in San Angelo closed for the day Thursday to help spruce up three homes in the community during the group’s annual service day.

Since May 2009, Keller Williams locations across the country have set aside a day called “Red Day” to renew, energize and give back within the communities they serve, according to a company press release. website.

“It’s very important for Keller Williams. Keller Williams strongly believes in giving where you live. So it’s what’s on the back of all those t-shirts that says where you live. This is where we earn our living. This is where we raise our families and go to church. So we want to make sure we give back to the community,” said Janet Ridgway.

This year, San Angelo Agents have chosen three homes of people who consistently serve the San Angelo community and volunteer their time almost daily to those in need.

“We chose specific families who volunteer in our community. The families we have chosen volunteer with the Head Start program. They go there almost every day for a few hours and walk the crying babies, read to the children and do whatever is necessary,” said Emma Chaput.

Thursday was all about giving back. From planting to raking leaves, making someone feel more at home is what the company says it has always been about.

“We wanted to do something that would be a blessing to people who choose to be a blessing to others. San Angelo is a great community. We’re happy to live here. We’re blessed to live here. And we just wanted to come back. and say thank you,” Ridgway said.

These are just a few of the community activities Keller Williams has undertaken to support those who have given their time, hard work and energy to the community.

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The best real estate agents share their experience of Top Agent magazine https://californiasunsetteam.com/the-best-real-estate-agents-share-their-experience-of-top-agent-magazine/ Tue, 10 May 2022 22:06:00 +0000 https://californiasunsetteam.com/the-best-real-estate-agents-share-their-experience-of-top-agent-magazine/ Realtors from the premier real estate publication Top Agent Magazine find their experience positive and valuable. Magazine cements the status of top producers. Top Agent Magazine has proven to be an excellent marketing tool. I use my Top Agent coverage feature in all my ad layouts as well as on my website. I am impressed […]]]>

Realtors from the premier real estate publication Top Agent Magazine find their experience positive and valuable. Magazine cements the status of top producers.

Top Agent Magazine has proven to be an excellent marketing tool. I use my Top Agent coverage feature in all my ad layouts as well as on my website. I am impressed with the publication”

—Sally Forster Jones

LOS ANGELES, CA, USA, May 10, 2022 /EINPresswire.com/ — Real estate agents from the premier real estate publication Top Agent Magazine find their experience positive and valuable. Being invited to appear in the magazine is an honor, cementing their status as top producers.

From start to finish, their journey with the magazine is memorable and exciting. Valerie Fitzgerald writes, “I think Top Agent presents agents in such a positive and uplifting way to others. This shows that hard-working, high-achieving agents are “accessible” when many might think they are not. The writing is upbeat/real and tells a story every time someone reading it can learn something from it. I submitted my articles to my database of 15,000 people and received great feedback from people all over the US and Europe. My articles have been a great addition to my branding! Thank you for including me in Top Agent!”

The marketing opportunities are endless, and Sally Forster Jones says, “Top Agent Magazine has proven to be a great marketing tool for me. I use my Top Agent coverage feature in all my ad layouts as well as on my website. I was impressed with the quality of the publication as well as its service.

Agents use their stories to amplify their work, drawing attention to newly launched business ventures and future projects. REAL ESTATE AGENT® Lorie Farley explains: “It was a huge honor to be interviewed, nominated and chosen for the cover story of Top Agent Magazine Canada. The added exposure of myself as a residential and country residential real estate agent® in the Annapolis Valley, Nova Scotia, will help build my personal brand. It’s a wonderful marketing tool with current and past clients. It’s a great launch tool for social media. Thank you so much to the whole team and all your hard work to make this happen. Thanks again for the opportunity, Top Agent Magazine.

REAL ESTATE AGENTS® find their articles compelling and reflect their brand and core values. Melody May says, “I’m very proud to have been selected to be featured in Top Agent Magazine. My article was well written and highly relevant to my interview and I felt my integrity, mission statement and goals were conveyed well. I am thrilled to be able to post this article on my website and all of my social media channels, and I feel it acts as a catalyst to inspire me to keep reaching and reaching for the stars! It is truly an honor to be featured, and I admire the professionalism the staff showed from start to finish. Thank you TOP AGENT MAGAZINE!”

Those featured believe the magazine helps them stand out in today’s highly competitive marketplace. James Wexler says: “I’ve been in the business for years and have sold hundreds of homes. However, finding new leads and converting new customers into signups and sales remains a challenge. The folks at Top Agent have come up with a powerful tool that has made this process MUCH easier. My business exploded after the profile, it’s an extremely effective tool to set me apart from other agents.”

By promoting their stories on social media and online, agents connect with past and current clients, as well as vendors. Larry Tollen writes, “My experience with Top Agent magazine was excellent from start to finish. I felt the interviewer/writer did a wonderful job of asking questions, then taking my answers and creating a well-written article that really captures the spirit of my team and me. The finished product is one I couldn’t be happier with. . I have received many compliments from customers/clients and suppliers/partners who have seen it, and I highlight it on all my social networks and internet platforms. I am confident that it will be an extremely effective business tool for many years to come.

As the leading real estate publication, covering market trends and top producers from around the world, Top Agent Magazine continues to provide inexhaustible value to its featured readers and agents.

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TOP AGENTS MAGAZINE
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