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Value Proposition Ron Buck Group

Value Proposition Ron Buck Group

Open Letter to Buyers and Sellers My Value Proposition in my Real Estate Business, Ron Buck Real Estate Group I am committed to providing you solid guidance and advice, with total honesty and professionalism. We are entering a Fiduciary Relationship, do you know what this means? That means that I will put your needs above all others, including my own. This is possibly the largest purchase you will ever make and your best interests are of utmost importance! Don’t you agree? Excellent… because that’s what you deserve. When I help you find the right property we will write a solid Contract with every possible protection for you. I will not only negotiate for you the best possible price; I will also protect you with all terms including financing, property inspections, funding, closing and occupancy. This is my full time career and I have a strong team of experts behind me. By the way, isn’t this what you want? Are you aware that there may be up to twenty different parties, people and entities involved in the purchase or selling process as we close your deal? I will be your advocate and coordinate with all of them. You will be in good hands with Ron Buck and his team at Keller Williams Realty. Buyer / Seller / Seller’s agent / Listing agent / Transition Coordinator buyer side and seller side / Mortgage Broker / Mortgage Processor / Mortgage Underwriter / Home Inspector / Pest Control Inspector / Various trade inspectors (plumber, roof, electrical) / Appraiser / Handyman or Retrofit Company / Home Warranty Company / Escrow Officer / Title Officer....

The Real Estate CMA Acronim

The Real Estate CMA Acronym. All industries have their own slang or acronyms. The “CMA” acronym is used by Realtors all the time and not always recognized by the public. It stands for “Comparative Market Analysis”. It is almost the same as an appraisal. Appraisers are looking at past history for the last three to six months of home sales. The Realtor CMA is looking  at past sales, current pending sales, expired listings (which did not sell) and similar active listings which we call “the competition”. In addition a seasoned Realtor is making an educated guess at where the market is going in the next 30 to 60 days. That is the hard part. The RPA is an acronym we use in California. RPA stands for the “Residential Purchase Agreement” or real estate contract form. By the way ALL forms used by Realtors are standardized and written by the lawyers at the CA Bureau of Real Estate. The full name of the contract is actually the Residential Purchase Contract AND Escrow Instructions. When you are sent “escrow instructions” you will notice that the title is “addendum to escrow instruction” because the contract included basic escrow instructions. What is the difference between “IN CONTRACT” and ” IN ESCROW”.  When an offer is accepted by a seller, whether it is the first offer or one of many counters, the last signature shows that there is an agreement. Then the agent who accepts the last offer must return it to the other party which constitutes an acknowledgement. The next CALENDAR DAY is the first day of the contract. The current real estate contract...

Is There A Real Estate Bubble?

As a working Realtor® Ron Buck often hears from home buyers that have NOT purchased yet that there is a real estate bubble which will pop and when it comes down again they will buy. Is this true? In 2005 the OC Register said that prices had to go up because so many people were moving into Orange County and the demand was strong enough to see another 30% increase. Well, Ron Buck, and all of us, know that was wrong. But ever since then Ron Buck, Realtor’s crystal ball has been a little cloudy. Here are a few differences that Ron Buck sees. By 2005 the housing market had returned from the crash of the mid 90s. Ron Buck’s area. South Orange County, had been beaten up by a county bankruptcy, high interest rates, and layoffs in the space industry among other things. Ron Buck’s area had been way behind the bay area in prices and the market needed to rise. Home owners that had been under water once again had equity and there was a lot of pent up buyer demand. The same is true now. Then the mortgage industry came up with more “creative financing” to keep the fever burning and fuel the Wall Street craving for loans to package. The last two years of that bubble saw price increases which were fueled by zero down, 120% and neg-am mortgages. This resulted in many new home owners with no chance of gaining equity or even keeping there homes long term. What is the difference today? What is Ron Buck seeing? Real estate investors, cash buyers and...

California Real Estate Market Is Heating Up

Laguna Niguel Real Estate Market is Heating up Ron Buck, Realtor®, blogged several times in 2012 about the low housing inventory in Laguna Niguel. It is still the nemesis of home buyers today as well but also a blessing to the home sellers. Of course we are just now approaching the listing season. For reference, during the peak years of 2005 and 2006 we reached close to 450 active homes on the market. As of today we hit 117 active listings, up from 95 in January. After the national media declared a bottom to prices in March 2012, retail buyers decided it was a good time to buy. Investors were buying a year or more earlier. Summer brought us low inventory and multiple offers. Inventory declined in the fall because good homes got snapped up so quickly. Home prices went up from 5% to 15% by the end of the year depending on price and neighborhood. Most Realtors® I speak with think we are going to see another 15% appreciation in 2013. Ron Buck, Realtor, knows that these price increases started at the low end, as they always do, and are working their way up. As of today, Ron Buck, Laguna Niguel Realtor, reports that there are only two detached homes active below $500,000, and there are only 49 homes active between $500k and $1 million. Follow Ron Buck’s advice! Today buyers must be prepared, have solid financing, if not cash, and be quick. Oh yes, it also helps to use a sharp Buyers’ Agent, as Ron Buck, Orange County Realtor, who will properly advise you and write a...

Ron Buck, Realtor, Says Home Buyers Do NOT Take a Holiday Break!

Ron Buck, Realtor®, knows that Laguna Niguel home buyers have been as active as ever in the month of December. While the average family was celebrating, partying and visiting family, Ron Buck, Laguna Niguel Realtor, reveals that home buyers have managed to close escrow on 84 homes. Considering that there are only 90 homes for sale as of 12/29 this is quite a feat. Home buyers tell Ron Buck, Realtor, that they still want to take advantage of the low interest rates and get a property before the prices rebound even more. It is still true that 33% of all home sales in Orange County are ALL CASH. These folks could be investors, retirees or first time buyers that are being financed by parents. Ron Buck, Realtor, got a call today from a frustrated Realtor who said that she has made 15 offers on properties for her 20%-down home buyer and has not been able to secure a property due to multiple offers and cash buyers. Right before Christmas Ron Buck, Realtor, put a small detached home on the market for $475K and in three days got two written cash offers and another verbal. Attached properties: Currently 24 active and only 3 of these are distressed properties. There are a total of 84 properties in backup or pending status and 34 have closed so far this month. No wonder it is so difficult to get into escrow on a condo. Also considering that some of the properties are overpriced, Ron Buck, Realtor, says there is only about two weeks supply. Detached properties: Currently there are 66 active detached properties...

Laguna Niguel Real Estate – What a Change!

Home Sales in Laguna Niguel remain strong throughout 2012, says Ron Buck, Realtor®. Ever since the national pundits called the bottom of the market early this year, Ron Buck, Realtor, has seen buyers coming out of the proverbial woodwork. Currently in Laguna Niguel, Ron Buck, Laguna Niguel Realtor, reveals that there are only 99 active listings of ALL price ranges. Three of those are bank-owned REO properties and 14 are short sales. Total distressed property inventory is 17% of the Laguna Niguel market. Ron Buck, Aliso Viejo and Laguna Niguel Realtor, put a new listing on the market Saturday in Laguna Niguel in the mid $700’s. In a four hour open house Ron Buck had 12 Realtors with clients show the property and another dozen or so families without Realtors. Today there are only four condos under $300,000 and 41 detached homes under $1 million. As of December 1st there are 198 homes in backup or pending status. Twice as many in escrow as active. As I have said before, this time of year can work out well for sellers. Buyers in Laguna Niguel have been asking me for four years about the “shadow inventory”. What about that? It is Ron Buck’s expert opinion that if the inventory were to quadruple in January there would be enough pent-up demand to absorb all of the new inventory. Ron Buck, Rancho Niguel and San Joachin Hills Reator, has heard now from more than one buyer that the “flippers” are driving up the market in an unethical or malicious way. This of course is not true. Buyers are in control and if...