Wednesday, June 28, 2006

Prudential California Realty #1 in Laguna Niguel

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I'm going to just take a minute to point out something great that our office just released. During an statistical analysis of Laguna Niguel home sales from April 2005 to March 2006, that Prudential California Realty's market share absolutely dwarfs all other competition combined. Prudential accomplished 42.9 % of the market share on 1 Million Dollar plus home sales.

Laguna Niguel Market Share PDF

Source: Southern California MLS & Affiliated Realtor Associations.

Open House Marathon Continues

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With 11 open houses in 8 days, the marathon continues, holding an average of 1.376 open houses per day. Perhaps there just aren't enough hours in the day. Thanks to all of you who have come to these by the way. It is nice to see some of the same people on the open house circuit, and I think that there is no better way for buyers to get a good idea of what is available in the inventory of homes in Laguna Niguel.


So the schedule for Saturday 7/1 is this:

25072 Leucadia St D Laguna Niguel (LN), CA 92677


This is a 2 Bd 2.5 Ba condo in the Expressions community in Rancho Niguel. Expressions Residents are eligible for associate membership in the Club at Rancho Niguel.


Sunday 7/2, From 1 to 5 PM I will be holding open:


10 Bergamo, Laguna Niguel, (Marina Hills)

The low HOA in Marina Hills provides access to community pools and tennis courts in a fantastic Laguna Niguel Community


and Finally, I from 6 to 8 PM, I'll be holding open:

25361 Via Piedra Blanca for a special sunset open house.
This is a 4Bd 2Ba home in Niguel Hills with a pristine view:

Saturday, June 17, 2006

Open House Schedule for 6/17 & 6/18

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The schedule and description of properties that will be open on 6/17


19 Bridington, Laguna Niguel


Is:


28683 La Azteca
Laguna Niguel, CA 92677
Saturday 10-2PM & Sunday 10-1PM


Map


84 Primrose
Aliso Viejo, CA 92656
Saturday 3-6 PM
Map




19 Bridington
Laguna Niguel
Sunday 1-6PM
Map




Podcast Description of Properties

Friday, June 16, 2006

The engine behind the Real Estate Transaction

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The California Residential Purchase Agreement is the name of the document that an Agent completes to submit your offer to purchase a property. It is more than just simply paperwork required to make the purchase though. The purchase agreement is really more of an engine that starts and powers the entire real estate transaction. An important piece of this engine are checkpoints that both the buyer and seller must meet. These are known as contingencies. When I look at the contract, it is almost as if one shakes hard enough the typeface of the contingencies might just fall off. What I really mean, is that each contingency is a separate duty unto itself, and they represent not only writing on paper, but an actual set of acts to be completed by someone. They translate into a buyer or seller taking some physical action.

If you view the offer as the engine, then you know exactly what I mean. The contingences are separate checkpoints that shouldn't be seen as a hindrance, rather just vital goals to be met within a successful transaction.

Tuesday, June 13, 2006

Welcome

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Welcome to my blog. A large part of the purpose here is to facilitate discussion on Real Estate in Orange County. While I'm based in Laguna Niguel, I serve all of Orange County. Please feel free to leave your comments, opinions, and feedback. Also, if you have an iPod, or another type of MP3 player, you can download my Podcast and listen on the go.

It has been an exciting few weeks in Laguna Niguel, and our Realty office is very excited about our upcoming new tech platform that is tied to Yahoo's Real Estate section. The buzz around this alliance is amazing. Unfortunately some of the agents are slow to come around to technology, fortunately for them though, this system will provide a quick start way to market properties online. An interesting fact is that the IDX index makes property listings from a single agent more ubiquitous on the internet. For instance, just by putting your property in the MLS you are suddenly exposed in a network of tens of thousands of agents websites. This was not the case just over a year ago. As a buyer on the internet, a person would go to Realtor.com to search for properties listed in the MLS.

The IDX is essentially a website feed that makes any agent's website into an MLS search. It is syndicated website content, which means that anyone who can reasonably consume or display XML can also display the same information.

The short story is that having an IDX feed or MLS Lisitng page is now commonplace, not at all an exclusive thing for an agent to offer. As a matter of fact, if your agent doesn't offer an IDX listing on their site, I suggest that you drop them.

An agent who claims to have a solid Internet marketing program for their listings will be obligated to go several fathoms deeper to even scratch the surface on internet marketing. Just because an agent shows their listings on their page, doesn’t mean that anyone on the internet at all ever sees it.

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Rory Siems

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Reach Me Now: 949-351-3541
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2007 Average Sales Price: 2.25 Million


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