Short sales, (sales of homes for less than the amount of their outstanding mortgage debt) have tripled since 2008, particularly in California, according to a recent article in the Los Angeles Times. The number of transactions rose to more than 160,000 in 2009 from roughly 96,000 in 2008, with more…
In addition to being the the #1 privately-owned and independent residential real estate firm in California, Alain Pinel Realtors is also #1 in agent productivity, #1 in office productivity and #1 in average sale price at over $1 million dollars. Source: San Jose Business Journal, April 30, 2010…
Image by rick.bonetti via Flickr This past Wednesday, I, along with business partner Moe Baniani and about 110 other Realtors and Managers had the honor of attending Alain Pinel Realtors President’s Round Table recognition event for the top 5% agents in the company. We traveled by coach to Meadowood Resort…
March 2010 was a very good month for the Saratoga office of Alain Pinel Realtors with closed sales up 287.5% over March 2009 Â making Saratoga the #2 ranking office in the company. Â Â Written volume in March were also up 93.7% over March 2009. The recession may not be over, but…
My answer to the above question is emphatically, yes! At least in my experience, where I work. Alain Pinel has been adding new offices during these difficult times, because now more than ever, consumers realize they need the most professional, competent and experienced Realtor they can find. Real estate transactions…
REALTORS® are the center of real estate transactions and I predict will remain so, because of four factors: Access to a new propietary program called REALTORS® Property Resource (RPR), REALTORS® extensive market knowledge, Marketing expertise and Negotiating skills. Not all licensed real estate agents are REALTORS® (members of the National…
Image by @dakno via Flickr Virtual REBarCamp educated Real Estate Agents On How To Use Modern Technologies To Better Their Business! On November 17th, 2009 dozens of the most respected educators in the real estate industry converge to host the first of its kind, Virtual Real Estate BarCamp. There were…
To Saratoga, CA Realtor Rick Bonetti open source real estate means giving a little extra - the unexpected in service, expertise and experience.…
Brad Inman is launching a new venture that mixes text, video and social networking. He spoke about TurnHere Video, Vocab Videos, Vook, recent change in reading habits and how video storytelling is a more effective means of teaching some complex concepts. Inman hopes to facilitate the collaborative work of “grass…
I spent Tuesday and Wednesday in San Francisco at two different gatherings of “the best and brightest” among internet-savvy Realtors, software developers and Brokers. The first day at RE BarCamp was an informal network discussion that facilitated friendly interaction; instead of having “experts” presenting seminar talks to an audience, everyone…
Effective July 30, 2009 new Federal regulations will effect financed home sale closing dates in four ways: 7 Business Day Requirement – the earliest any financed home purchase transaction can close is now 7 business days after the homebuyer is issued the “initial mortgage disclosures” from the lender. Note: At wells Fargo…
FHA financing for condos and townhomes can be problematic.  With FHA becoming such an important part of Fannie Mae and Freddie Mac guaranteed lending there are all sort of little know requirements for PUD’s or Condos. Examples are that fidelity bonds are required for the HOA or the lender will not fund; HOA…
Several of my friends are in the process of moving. Some are going through divorces; others are wrapping up employment without clear-cut prospects of where they will be going next; some are embarking on the adventure of building their “dream home.” All this can add up to stress upon stress. This…