North Texas residential Real Estate has turned into a seller’s market! According to local North Texas Realtors, listing prices are increasing and days on market are steadily decreasing, with many offers exceeding the asking price.
Are you ready for the HOT SELLER’S Spring and Summer marketing seasons? Start now encouraging your sellers to get their homes ready by jumping into their Spring cleaning, painting, and landscaping right away.
Here we go….use the tools on you Agent Command Center to have an AWESOME 2013 and grow your biz to new heights….while the market is HOT!
If you need help developing a plan/strategy….contact me…be glad to help.
Ken Thurman, Texas State Mgr.
Summit Realty Group is honored to announce that 5 new agents have joined us in January and February, 4 from NCAOR and one from Lodi Association of Realtors. From Lodi AR, please welcome Sandy Manhoso to the Summit team. And from Nevada County, we welcome Debra Pauline, Liliana Murphy, Barbara Slavonic and Wayne Buti. In Nevada County, this brings our total membership to 8, with our broker John Manno, Dennis Barry, Bill Stigall and Paul Sieving.
Our Mission is to be at the forefront of the ever-changing real estate industry by implementing new and resourceful ways to buy and sell real estate. Summit Realty Group is leading the way in cloud-based virtual real estate and our “mobile agents” are held to a higher company standard of facilitating every transaction with professionalism and compassion for their clients. We strive for excellence and our goal is to provide our vendors, partners and clients the best possible solutions for their real estate needs.
Our 4 100% commission programs are leading the industry in the transition from the traditional “brick and mortar” business model to the new model of truly virtual real estate practice. The “free” marketing, training and support that traditional brokerages offer in exchange for 20-40% of your commission, a 6-8% royalty fee and “advertising” and “education” fees are truly free with SRG. Are you ready to be free of the traditional definition of “free”?
We extend an invitation to agents who recognize that SRG is leading the way to the future of real estate to join us and see what the excitement is all about. Visit www.summitrealtygrp.com
Paul Sieving is a Realtor® and Northern CA recruiter with Summit Realty Group-Virtual Brokerage, a former Director and MLS Chair of NCAOR, was Board Chair of the Grass Valley Chamber of Commerce in 2004, and has served our community as a real estate professional for 14 years. Comments, questions and thoughts are welcome at [email protected] or (530) 274-0906.
Summit Realty Group announces the appointment of Paul Sieving as Regional Manager for the Sacramento & Nevada County Area’s
Summit Realty Group is pleased to announce the appointment of Paul Sieving to oversee the Sacramento & Nevada County regions of Northern California for our expanding full service cloud based 100% commission brokerage. Paul brings a strong real estate and management background to our team and will be responsible for executing corporate strategies, agent growth and brand development. Paul has strong ties within the community and currently serves on the NCAOR MLS and Legislative committees. Additionally, Paul writes the monthly Real Estate column for the Nevada City Advocate, one of the local newspapers and his colleagues at Nevada County Association of Realtors® have recognized him for his commitment to raising the bar of service for members and their clients. With over 13 years of real estate experience Paul’s commitment should have a continued positive impact on our ability to further grow our brand, business and market presence.
Summit Realty Group is a cloud based 100% commission brokerage offering agents better solutions to support and grow their business by having an all-in-one marketing platform, E/O Insurance, Summit Realty Group Network (Company Social Media Platform), outstanding marketing & broker support and the industry’s 4 leading 100% commission programs – plus much much more! We look forward to hearing from you soon…….
E & O Insurance for real estate agents is a requirement for all licensed agents. Summit Realty Group provides all of their agents, premium E & O Insurance at no cost. Unlike most policies, the Summit Realty Group policy covers legal costs. Now we expect all of our agents to conduct their business with the utmost integrity and in conformance with regulations and ethics of the NAR, it is reassuring that they are also provided the best insurance program in the industry.
The E & O Insurance for real estate agents that are part of Summit Realty Group is provided free to our agents. We offer four (4) 100% commission programs that allow agents to reduce their overhead costs and allow them the freedom to run their business. Not only is the E & O insurance free, but our agents enjoy the benefits of a free virtual office platform with a state-of-the-art online command center that includes a transaction coordination system, professional websites, integrated CRM and IDX, along with numerous other benefits.
Learn more about the future of real estate HERE !
Summit Real Estate where E & O Insurance for real estate agents is always FREE.
January 2013 – Looking back at the local real estate market for the past 4 years, the change from a declining market to an improving market is evident. The important values that are used to track market performance are price, volume and distressed sales.
Median Price – The modest uptrend in prices that occurred early in 2010 gave way to further declines in late 2010 and early 2011. This decline followed a seasonal pattern but was larger than normal. Median prices in 2011 were essentially unchanged, beginning and ending at $227,000. 2012 opened a bit lower at $220,000 and since then the uptrend has been very strong, rising to $245,000 in the 4th quarter, an annualized pace of 15%. Also in 2012, the typical seasonal decrease in 4th quarter prices was instead an increase of 4%.
The current uptrend in prices is strong enough to overcome the typical winter sag.
Unit Volume – Since the low point in Q1 2009, unit volume (homes sold per quarter) has been on a constant upswing. From 120 units in Q1 2009 to over 300 for the last three quarters of 2012, this trend reflects a general recognition by consumers of excellent pricing, the most favorable interest rates in decades, and significant pent up demand. Homes are flying off the shelves 2.5 times as fast as in early 2009, and typical marketing time has been cut in half, from 150 days to about 75. In the popular areas in and around the villages of Grass Valley and Nevada City, correctly priced properties are on the market for only a handful of days.
Volume is showing seasonality, but less so than normal due to strong demand and weak supply.
Distressed Sales – In a normal or rising market, the percentage of distressed sales (Short Sales and REO) is quite low, usually 5% or less. After peaking at 60% in Q1 2011, the trend has been downward and has been below 40% for the last 6 months.
During the last 2 years the distressed inventory has been around 20%, and recently dropped to 18%. The mix has shifted from 50-75% Short Sales and 25-50% REO, to well over 50% REO the last few quarters. This indicates that the flow of distressed properties is drying up at the source (fewer homeowners in trouble) and moving through the system. Our hungry market is devouring the supply of distressed properties and the inventory is shrinking.
Over the last 3 years, these trends have been very valuable in tracking the market and scouting for a recovery. At the end of 2012, we see that these three trends of price, volume and distressed sales have been aligned and pointing towards a recovery for two solid years.
Due to the low inventory, we are experiencing a sellers’ market in much of Nevada County. As prices increase and more people are able to act on their plans and dreams, inventory is expected to rise and bring the market back into a healthier balance.
Paul Sieving is a Realtor® with Summit Realty Group-Virtual Brokerage, a former Director and MLS Chair of NCAOR, was Board Chair of the Grass Valley Chamber of Commerce in 2004, and has served our community as a real estate professional for 12 years. Comments, questions and thoughts are welcome at [email protected] or (530) 274-0906.
This article is contributed by Gabriel Knight.
The $25 billion home mortgage settlement, with regards to the nation was mainly aimed at helping people keep their homes. However, reports show that this program has not been able to help the people much as most of the foreclosure settlements are going into short sales. Though, the big banks have been helping the residents of Florida in retaining their home and get out of the real estate property and the home mortgage related problem, still the problem have not gone away.
The settlement and the short sale
With regards to the settlement, though the banks were supposed to grant billions in the form of relief funds, through the options of reduction of the loan amount, refinancing and so on, most of the bask actually moved away from shelling out so much of money. This has been quite a problem in Florida. As a result, though these relief programs were supposed help the homeowners bail themselves out of the foreclosures, it actually increased the instance of short sales, with regards to the homes.
Most of the banks are seen to have worked on approving the short sale offers, rather than actually helping the homeowner get the refinancing done or lowering the loan amount. In case of a short sale, a home is sold for much less than what is owed to the lender, in case the value of the home is low too.
As far as the reports show, the banks are said to have approved $2.2 billion, with regards to the Florida short sales, in between March and September. This means that the amount reaches to almost 60% of the $3.6 billion relief that was provided for the state. However, some of the market analysts were of the view that majority of the short sales were supposed to happen anyhow. So, Matt Weidner the foreclosure attorney of St. Petersburg said that “They’re getting credit for doing what they were already doing, and what the market was dictating,” and he has also added that “They’re still throwing people out onto the street that could be making a mortgage payment.”
Now, the question is why are the banks approving the short sales rather than settling the foreclosure deals or helping the homeowners get their properties refinance? This is mainly because, it is much more cheaper to agree to a short sale proceeding and less complex too, in comparison to foreclosure and refinancing. This is because, in case of a short sale, there are no carrying costs. However, the short sales bring on more damage with regards to the finance of the homeowner.
Under this mortgage foreclosure settlement, banks are supposed to provide 60 percent of the relief in the form of the home loan write-downs. However, in case of Florida, those reductions are said to have been even closer to a mere 20 percent.
So, that is what the situation is like in Florida and the counties within the state.
Summit Realty Group Florida Hires New Broker/Recruiter
Shirley Bradford from Keller Williams-Texas has joined the Summit Realty Group Florida’s Team.
She is an Associate Broker in the Sarasota/Bradenton area with Summit. Shirley will also be assisting with recruiting high level Real Estate Professionals throughout Florida.
Ms. Bradford has years of providing top notch Real Estate services to clients in both Texas and Florida. Previously, she has over 25 years in Executive Level Management in the Apparel Industry. Companies include Addias, Nordstrom and many others.
Summit Realty Group is always looking to add Professionals that can see our 4 Industry Leading Programs are the way of the future in Real Estate Brokerages. Shirley is one of these and we look forward to a great 2013 and beyond together.
Take a look at what we have and compare to what you currently have
Are you caught up in expenses with each transaction that leaves you with very little for all your hard work? Would you like to retain the Commission you have worked so hard for and still have all the advantages of a Traditional Real Estate Company? Would you like to have it all and be a part of the Industry’s most comprehensive platform in Real Estate?
Summit Realty Group Florida gives you the advantages you need to grow your respective business with a program to fit your specific needs. Whether you are a Seasoned Agent or just getting into the Real Estate business, Summit Florida can provide you with the tools to accomplish and exceed all of your goals. Times have changed and so has our way of doing business Join our Team of Professionals and take advantage of the newest technology in the industry. Why split your Commissions when you can retain 100% of those hard-earned dollars. Having all the technology tools and resources available to you allows you to close more contracts and expand your business at a pace that suits your individual needs.
Contact Michael Bradford at 941-545-9545 or [email protected] for a confidential interview and learn how Summit Realty Group Florida can help you sell more homes in 2013.
Email Marketing Made Simple
If you plan to market your business using email, you need to know a little about email marketing and how it works. You must find a way to avoid the spam filter but also keep youremail marketing campaign effective. Read on to get more great advice on email marketing.
It is very important that when a customer chooses to opt-out of your email marketing campaign, you recognize this and stop sending them emails as quickly as possible. Continual emails to a customer who has opted out, may cause them to feel disrespected and that can harm any email marketing campaign.
Make sure you add a personal touch to your email marketing campaign; they will love the personal attention. Nothing turns off your reader more quickly than a letter that reads like it is just a form intended for the masses. Go beyond just adding their first name! The information you collect at the time of signup should include the location from which they signed up, as well as the reason they signed up. This kind of information can be folded into your email and also instills a proper email marketing campaign.
The more personalized the emails you send your customers are, the more likely they will be to buy from you again. A good email marketing campaign will inform them of exclusive offers and promotions. Send out emails about products they may find enticing. If a reader has already bough
Make sure your emails contain interesting content, there’s nothing worse than a boring or dry email marketing campaign. As well as offering sale items, don’t forget to include useful information into your email marketing strategy. Send subscribers information they can’t find on your site. Also give them deals on whatever products and services you sell. Also send emails to offer bonuses and best wishes for the holidays. Sending emails only when you want to promote a product is short-sighted and can quickly diminish any hopes of an effective email marketing campaign.
It’s Really Not So Hard To Have Successful Email Marketing
As you can see from the article above, the advice given will help your email marketingcampaign be successful, but that is only true if you stick to it. You can improve your bottom line more quickly with this solid advice on email marketing in any running campaign or future project that your have in mind.
Source: Kenneth Johnston
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