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Archive for December, 2010

Second home sales have been increasing over the last few years with more people becoming second home owners. In 2005 alone, 40 percent of the homes sold were second homes. Demographics, all time low mortgage rates, and healthy rise in home prices have contributed to this development in the second home market. Besides these, a major factor that has helped augment the buying and selling of second homes is the real estate professional.

The National Association of Realtors conducted research on the profile of second-home owners in 2006. According to the NAR report entitled ’2006 Profile of Second-Home Owners’, a majority of second home sales transactions are conducted using the services of real estate agents.

The statistics are remarkable; 64 % of vacation home buyers purchased their home using the services of a real estate agent by the end of 2005 – a marked increase from less than 50 % of vacation-home buyers in 2003. Also, 65 % of investment-home buyers purchased their home with the help of a real estate agent – an increase from 53 % of pre-2003. In comparison, only 14 % of vacation-home buyers and 7 % of investment-home buyers purchased directly from builders from 2003 to 2005.

The growing role of the real estate professional is evident from the following figures:

1. Of vacation home sales made, 71 % of them were second homes and 74 % of the sales were made using the services of a real estate agent.

2. Of the investment properties sold, 85 % of them were previously owned and 62 % of the sales were made using the services of a real estate agent.

The use of real estate agents in second home sales transactions varied according to the home’ location.

1. Buyers used a real estate agent more frequently while purchasing a vacation home located in a suburb/subdivision (56 %) or a rural area (57 %) than for homes in other locations.

2. About 66 % of buyers who purchased an investment property in an urban/central city area or in a suburb/subdivision, used the services of a real estate agent more frequently than those who purchased a home in other locations.

Real estate professionals continue to be the first source of information to second-home buyers (38 % of vacation-home buyers and 34 % of investment-home buyers). The real estate professional also plays a major role when second-home owners plan to buy additional properties. If you are thinking of buying a second home or vacation home, seek out the services of a real estate agent to guide you through your next home purchase.

1. The percentage of second home owners who are more likely to use a real estate agent in their next home purchase is quite high. Among vacation-home owners it is 79 % and investment-home owners 73 %.

2. Among second home owners, 65 % of vacation-home owners and 64% of investment-property owners are more likely to use a real estate agent in their next home sales.

Given these statistics, it is no wonder that the real estate agent plays a pivotal role in helping people buy and sell second homes. So whether you are a second-home buyer or seller, enlist the services of an agent for a smooth, hassle free real estate transaction.

Incoming search terms:

• Role Of Real Estate Agent In Vacation And Second Home Markets

Take heart, fellow Green builders, realtors and marketers. After 3 weeks of Flagler Palm Coast Parade of Homes the numbers are in – and Green is apparently Hot. Our green model at 76 Eric Drive in Palm Coast not only got the recognition of our peers in the building industry by garnering the Grand Award – it got a lot more consumer traffic than most other homes that were featured in this year’s parade, and about twice as many people as our other green model received last year. Of course some of these people were in the “just looking” category. I’ll even say, quite possibly, most of them were – but their curiosity was definitely an indication of better things to come for green builders, at least in our area.

The level of consumer knowledge about green construction was also significantly up from last year’s, and more questions were pointed to the economics of green living than to the choice of tiles or particulars of architectural detailing. It is encouraging, to say the least, to actually watch consumers enthusiastic about these homes for all the right reasons. After all, the choice of tiles, wall colors or even the overall layout of one’s dream home can all be changed at the stroke of a pen – the proverbial brick and mortar, the actual construction of the home cannot… and for the first time in my career, consumers are actively evaluating the “brick and mortar” the builders use.

So if any Green Builders out there are struggling, write a few blogs, talk about the advantages of Green Homes, and the consumers will, indeed, find you, because by all indications – they are actively looking at Green Options from the ground up.

Green is, indeed, red hot to those who matter most – our customers. Here is to our Green Future – Now.

Wealthy home buyers who buy multi-million dollar homes are typically self-made millionaires with new money, according to a recent online survey of 683 Coldwell Banker Previews International property specialists. The study revealed the top professions of these affluent customers. According to the respondents, 88 % of their customers are business or corporate executives, 37 % are physicians, 31 % are lawyers, 30 % are financial professional and 14 % are entertainers, entertainment executives or professional athletes.

Wealthy home buyers require their real estate agents to be equipped with special skills, according to the Coldwell Banker’s survey. Given the magnitude of the financial transactions involved in luxury home purchases, 78 % of sales associates said that the top most need their clients require from their real estate agents is privacy and confidentiality. The luxury customers also want their real estate agents to exercise discretion while dealing with their multi-million dollar transactions. Almost 70 % of respondents polled that their wealthy clients want their real estate professionals to offer customized services while 44 % said that the luxury home buyers want their agents to have good network and work relationship with executive assistants, CPAs and attorneys.

Wealthy home buyers also want their agents to know the inside scoop on the real estate market, according to 36 % of the respondents in the Coldwell Banker’s survey. Seventeen percent of the sales associates surveyed indicated that one of the necessary skills for real estate professionals working with affluent customers was the ability to provide emotional support to their clients. And according to 11 % of respondents, luxury customers want their real estate agents to establish personal rapport with their clients.

The study also included queries on the “must have” amenities that the affluent clientele want in their luxury homes. Wealthy home buyers want media rooms in their homes, according to 60 % of respondents and another 60 % polled that their affluent customers want “wired” homes. However, there are a few home design elements that are out among luxury home buyers. Gourmet kitchens, granite countertops and wet bars are no longer counted as luxuries by wealthy home buyers, according to the survey respondents.

The survey also found that the multi-million dollar home buyer pays a typical down payment of 20 % to 30 %, while a quarter of clients put down 30 % to 50 % of the sale price.

Incoming search terms:

• where to find wealthy home buyers

There is a secret to successful real estate investing that most successful investors don’t want you to know. Now, the secret that I am about to reveal to you is something that is so obvious and yet it is something that few investors know about. But, before I give you this little known real estate investing secret, let me give you some background information on who I am and why you should listen to me.

I’m famous for starting a home-based real estate investment business that generated over 3.2 million dollars in equity and cash profits for my syndication partners within our first 93 days through properties we had bought, contracted or assigned.

In 26 months we had transacted over 14 million dollars worth of real estate across 5 markets in North America, primarily from a laptop and BlackBerry because of the benefits of real estate investment syndication, and the use of proven business-building processes. And, we did this with little risk.

Here’s One of My Secrets to Help You Close More Real Estate Deals in This Poor Real Estate Market, With Less Effort

The secret to closing more real estate deals right now is risk management. Now, investing in real estate is not without risks especially in today’s real estate market where many homes show for-rent and for-sale signs. And, it seems like these signs are there forever!

Restaurants are practically empty and many big chains like Steak and Ale have closed. Malls and shopping centers have many more open spaces for rent than in recent years. The economy is definitely in a pinch and many people are feeling it, especially those real estate investors who are investing the old way.

You see, old-hat real estate investing requires YOU to use your credit and for YOU to use your cash.

However, there are ways for savvy entrepreneurs to make a killing in today’s market!

You can make more money now in the “Perfect Real Estate Storm” than what even the most seasoned real estate professionals have ever seen in their lifetimes. But you have to find creative ways to minimize the risk when you invest in real estate whether you’re investing in commercial or residential properties.

This is where real estate investing syndication comes in.

What Is Real Estate Syndication and How It Will Help You

The idea of real estate syndication is pretty simple. I define it as matchmaking. Think about it: A matchmaker or dating service finds out the needs of two different parties and matches them up for a fee.

Real estate syndication is usually made up of investors who have money to invest in the real estate market but do not have the expertise required to close deals. They want to limit their exposure and minimize their risk and they do so by spreading their money amongst a number of deals and in a number of syndicates rather than just one.

You, as the real estate syndicator, put the deal together and receive a significant share of the profits (between 20% and 50%) without having to invest your own money. Using your real estate knowledge and negotiating skills, you will drive the whole real estate investing syndication business model forward and close more deals.

By operating this way you can:

* Become a major player in the market without risking any of your own capital
* Build a formidable reputation
* Do more deals by leveraging this concept
* Create a fortune for yourself without using your own money

In other words, when you transform your real estate investing business into a syndicator, you create a win/win/win for everyone involved.

More Specifically Real Estate Investing Syndication Allows You To:

1. Create a HIGHER VOLUME of deals without additional effort on your part

2. Generate a GREATR FREQUENCY of profit as syndicating your real estate investing business will enable you to systematize your business so deal making becomes a recurring cycle so you have a repeatable business model that grows geometrically

3. Get MORE done in LESS time to generate more profit

4. Produce MORE WEALTH with LITTLE RISK in a short period of time. (Remember, our business syndicated over 3 million dollars in real estate profits just 93 days.)

This is why syndicating investing is the ultimate way to close more real estate deals and make money fast. You can learn more about real estate syndicating simply by going to http://www.RealEstateSyndicationRiches.com and sign up for my new special report: 6 FIGURE Real Estate Syndication Secrets.

When you take the steps to syndicate your business correctly, you will build a 6-, 7- and even 8-figure real estate investing business. Just take a look at those who have also studied my techniques, and are growing their wealth rapidly. For example:

* Using real estate syndication, J. Benson of Toronto closed 3 deals in the last month and made more than 0,000 profit in 30 days!

* With just 10 hours of effort, Robert Beagle closed his first real estate deal and made over ,000 profit as a real estate syndicator!

* Thanks to real estate investing syndication, Tom and Claudette Cooke now have 0,000 in Private Money at their disposal and they’ve setup a business in another city they’ve never visited before!

You can experience these results if you arm yourself with the tools, information and resources you need to become a real estate investing syndicator.

Incoming search terms:

• how to start an investment syndicate in toronto

There are some myths about real estate agents, many of which are not so flattering. But when it comes down to it, real estate agents are not too out there, and there is a logical explanation to each misconception. Let’s straighten out a couple myths and facts.

Myth #1: They have big hair.

Fact: Though occasionally real estate agents do have big hair, most are regular people who get up in the morning just like you do, and go to work just like you do. Many real estate agents, in fact, are going bald due to stress related hair loss. Same with the fancy dagger-shaped manicures; in actuality, many real estate agents have bitten their nails down to nubs.

Myth #2: Real Estate Agents drive luxury cars while talking on their cell phones.

Fact: It??s true that real estate agents are often trying to do too many things at once, but they like to be careful about it. And though real estate agents would like to make a good impression on you, more often than not they drive Hondas and Toyotas and hope that their hard work will sell you, not their Lexus.

Myth #3: Real Estate Agents know your area.

Fact: Just like normal people, real estate agents can??t know everything. Though they do spend a lot of time driving around town, they can??t be in all places at once, and they themselves probably have preferences for one neighborhood versus another. Make it clear to your realtor what kind of area you want to live in, and they can help you look within that section of town.

Myth #4: Real Estate Agents live outside of time.

Fact: Real estate agents have lives too, and those lives happen to take place in the same physical realm as yours does. While it might seem like they spend a strangely disproportionate chunk of time speaking with you, they are actually trying to be as time-conscious as possible, so that you can move more quickly into your home and they can move more quickly to helping their next client.

Myth #5: Real Estate Agents just want your money.

Fact: What real estate agents actually want is an easy life. They want to help you find a home you love, and they want to make their (often small) bit of commission off of it (and that??s off the sale, not out of your pocket). They do not want your soul or your firstborn, just some patience, consideration, and a positive home-buying experience for all.