Summit Realty

San Diego CDPE certification event on February 15-16th

February 15 & 16, 2012

Sheraton San Diego – Mission Valley
1433 Camino Del Rio South
San Diego, CA

Save $150 with the Summit Realty Group discount code. Join our 100% real estate commission brokerage and receive an additional $50 credit on this event! Contact an area recruiter for more information!

Tags: 100% Commission Brokerage, CDPE, San Diego short sale, Summit Realty Group San diego

The Advantages of Buying A New San Diego Home

In this economic atmosphere, the prospects of getting a good deal may lure buyers toward buying a San Diego short sale or REO. But while up-front costs may seem lower on an REO or San Diego short sale listings, buyers often end up paying in other ways. Here are five advantages of buying a new San Diego home to think about:

1. NO REPAIRS. With a San Diego short sale or REO, the previous owner may have stopped maintaining their property. That means buyers could end up with expensive repair bills. But new San Diego homes for sale often include builder warranties for workmanship, materials, and structural problems to help protect against large out-of-pocket repair expenses.

2. NO SURPRISES. With new San Diego homes, what you see is what you get. With an REO or San Diego short sale listings, what you might not see is what you get. New San Diego homes often come with many disclosures from the seller, though in reality, very little may actually need to be disclosed. For San Diego REO listings, not only is the bank exempt from some of the disclosure requirements for sellers under California law, but the previous homeowner may be long gone.

3. GUARANTEED QUALITY. New san Diego homes are usually built with modern conveniences and energy-efficient technology. They may also come with warranties for craftsmanship, appliances and more, to give buyers peace of mind. Short sale and San Diego REO listings may not come with warranties or upgrades and may not be available for inspection prior to purchase, so buyers could be in for some expensive surprises after purchase.

4. FRIENDLIER FINANCING San Diego new Homebuilders often have relationships with lenders that help buyers obtain financing for new San Diego homes with relative ease. For San Diego short sales and REOs, the property may have a lower price tag, but some buyers may run into difficulty getting financing.

5. SHORTER PURCHASE PROCESS. San Diego new Homebuilders usually have homes available for immediate occupancy or on a move-in schedule that’s convenient for buyers needed move-in dates. Negotiating a San Diego short sale can take several months — and there’s no guarantee the offer will be approved.

Download a Free Homebuyer’s Kit from Lennar Homes!

Information provided by Lennar Homes through C.A.R.

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Realtors Applaud Bill to Speed Lender Response to Short Sales

A new bill to improve the process for approving short sales may soon bring relief to distressed home owners who are unable to keep their homes and hope to avoid foreclosure. The bill, introduced in the U.S. House yesterday and strongly supported by the National Association of Realtors®, would impose a deadline of 45 days on lenders to respond to short sale requests.

The legislation, the “Prompt Decision for Qualification for Short Sale Act of 2011,” was offered in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.).

“The current short sale process can be time-consuming and inefficient, and many would-be buyers end up walking away from a sale that could have saved a home owner from foreclosure,” said NAR President Ron Phipps, broker-president of Phipps Realty in Warwick, R.I.

“Realtors® and consumers continue to raise issues about delays in the short sale process, because lenders are unable to decide whether to approve a short sale. After many months of delays, and with no response from lenders, potential buyers are losing patience and cancelling their contracts, often resulting in the property entering foreclosure. A short sale minimizes the negative impact on sellers and generally costs the lender less than a foreclosure,” said Phipps.

NAR has been actively pushing the lending industry to improve the process for approving short sales, which represent about 13 percent of recent home sales according to NAR data. Phipps praised Reps. Rooney and Andrews for their efforts on the bill and urged Congress to pass the bill quickly.

“As the leading advocate for home ownership and housing issues, Realtors® want to help more home owners avoid foreclosure by facilitating a short sale when a family is absolutely unable to keep their home; however, that can only happen if lenders and servicers approve short sale offers in a reasonable amount of time,” said Phipps. “Streamlining short sales transactions will reduce the amount of time it takes to sell the property, improve the likelihood that the transaction will close and reduce the overall number of foreclosures. This benefits sellers, lenders, buyers and the entire community.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

Washington, April 13, 2011

Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section.

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Who is Summit Realty Group?

Summit Realty Group is a Full-Service 100% commission Brokerage specializing in residential real estate throughout the U.S. Inspired by technological advancements and innovative marketing strategies; Summit Realty Group was founded on the principals of developing an eco-friendly, paperless virtual platform for conducting business. We have evolved into an extremely efficient brokerage for real estate agents to consider hanging their license and to achieve their goals during these economic times. We are the future of real estate today!

We Have Developed a System that gives our “mobile agents” all the necessary tools without the hassle and very high cost of the traditional office giving them the ability to focus and prioritize what is important and what isn’t! Our streamlined platform and comprehensive system is giving our agents the much needed education, training, tools and broker support to be successful in this very competitive industry. Our platform is very simple, yet powerful, offering our real estate agents the the best tools, resources, technology, training, education, world class support and commission options available to grow their business. Our in-house marketing department is another valuable asset available to our agents. Summit Realty Group has developed an online community replacing the old traditional office allowing our real estate agents to communicate with one another creating a positive and conducive culture. It truly has replaced the old brick and mortar office. We are extremely excited about our system and growth potential even during these uncertain times. Our streamlined system is cost effective for both us and our real estate agents and is the foundation to sustainable long-term growth. The icing on the cake is our 4 industry leading 100% commission programs. Our business model is creating exciting opportunities for real estate agents, real estate brokers and recruiters.

Our Mission is to be at the forefront of the ever-changing real estate market by implementing new and resourceful ways to buy and sell real estate. Summit Realty Group is leading the way in 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.

Real Estate Agents interested in joining Summit Realty Group San Diego can contact Travis Breton direct at (760)470-2752 or by email at [email protected]

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