Sunday, May 27, 2012

Realty One Group 100 % Commission For the Agent




Realty One Group offers 100 % commission for their agents. With several locations in 3 states, Nevada, Arizona and California, the company is constantly opening new offices and recruiting new agents.
As of today, they exceed 3,500 agents.
Realty One Group embraces the most updated technology in order to provide the best and  most sophisticated paperless system.

 Named as one of the fastest-growing real estate companies in America by INC 500

                                           Arizona                       Nevada                       California

                                         Paradise Valle          Las Vegas                 Irvine
                                         Glendale                   North Las Vegas       Mission Viejo
                                         Phoenix                    Henderson                 Newport Beach
                                         Scottsdale                                                   Costa Mesa
                                         Tempe                                                        Laguna Hills


Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140






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Friday, May 25, 2012

OCHOPC Helps Avoid Foreclosure

OCHOPC Helps Avoid Foreclosure

By, Veronica Cabrera
May, 25 2012



Heather Johnson and Veronica at the NAHREP seminar

Click the Link to View Video

OCHOPC is a non-profit organization that helps homeowners prevent foreclosure. They provide a free service and the way they help is they review the applicant's financial packages and submit them to their lender. OCHOPC offers several government programs. They are in the cities of:
Santa Ana
Anaheim
Brea
Lake Forest
Fountain Valley


Homeowners who need assistance can contact them at 714-547-2227 or visit their web-site at


Mention my name and don't forget to contact me if you need any assistance.


Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140
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Monday, May 21, 2012

The Challenge of Thinking and Performing Efficiently

The Challenge of Thinking and Performing Efficiently

by Veronica Cabrera
May, 20 2012
Every day, I order my coffee at the same company's drive thru, but at different locations. I always ask for the same thing; medium coffee with 5 creams, 2 sugars and 2 equals inside, hoping that the teenager who prepares it will be able to follow those simple instructions, right. Guess what? Most of the time, they don't! 
I wonder if it is the age that has to do with the ability to understand and follow instructions or is it that each individual has a different capacity to understand. The problem is that the majority of teens, don't get it!
In real estate we have to make difficult decisions that require critical thinking. I am sure that in any other business it is the same thing. We have to be efficient, make decisions, solve problems and perform promptly.  
In my opinion a person can be trained to do better by following the tips below:
  1. Concentrate on what you are doing
  2. Control your frustrations
  3. Be prepared in advance
  4. Avoid distractions
  5. Listen Actively
  6. Judge ideas responsibly
  7. Share your thoughts and ideas
  8. Repeat what you are doing and understand
  9. Take notes
  10. Make a habit of good and positive thinking. 
As with everything else, with some practice and willingness we can improve our efficiency, understanding and have better comprehension of what we are trying to accomplish and how to do it.
We can improve our decision making and performance by using good critical thinking.
 
Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140
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Saturday, May 19, 2012

If I Can't Buy in Anaheim, Let's Try Corona!

If I Can't Buy in Anaheim, Let's try Corona!

by Veronica Cabrera
May, 18 2012
I am trying to find a property for all of my qualified buyers. One of them would like to buy in Anaheim, California. He is pre-approved for a sale's price of $280,000. When we started looking, back in November 2011, we found several houses within that price range. We put an offer in on a short sale. After several months, the short sale lender did not approved purchase price offer, so my buyer walked.
Now, we can not find any available property in that price range!
My client, very frustrated, said "if we can't find anything in Anaheim, let's try searching in Corona, CA".
Corona is in the County of Riverside, where house values are lower. 
To our surprise, we can not find anything available there either!


Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140

 
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Thursday, May 17, 2012

The American Banker and The Mexican Fisherman

The American Banker and The Mexican Fisherman

by Veronica Cabrera
May, 17 2012


The following story was given to me today. Since I found it interesting,  I decided to share it.
Here it goes; I hope you like it.

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna.
The American complimented the Mexican on the quality of his fish and asked
"how long did it take you to catch those fish.
The Mexican replied, "only a little while".
The American then asked "why didn't you stay out longer and catch more fish?"
The Mexican said "I had enough to support my family's immediate needs."
The American then asked, "but what do you do with the rest of your time?"

The Mexican fisherman said, "I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos,
I have a full and busy life."
             MARIA

The American scoffed, "I am a Harvard MBA and can help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise.

The Mexican fisherman asked, "But how long will this all take?"
To which the American replied, "15-20 years."
"But what then?"
The American laughed and said, "That's the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions."
"Millions.. Then what?"
The American said, "Then you would retire. Move to a small coastal fishing vilage where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos."
"?"
 
Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140
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Monday, May 14, 2012

The Study of Economics


Studying Economics

by Veronica Cabrera
May, 14 2012


I am currently studying for my broker's license. The testing requires the study of five different courses.
I have already completed Property Management and I am starting Economics now.
I thought that I should share some interesting information that I am learning.
According to the William G. Willson and Leigh Conway, authors of Real Estate Economics Firs Edition, "The real estate market is an IMPERFECT MARKET!"
 It is imperfect, because it is not perfect! Seriously, that is what the books says, so I am just repeating it. 
In order for me to pass the test I just have to memorize and repeat whatever the book says.

Authors stated, "for a market to be perfect the product needs to be homogeneous, there is complete information and no buyers or sellers need to influence the market"

They also stated that to create a perfect market we have to have the following:
  • Large number of buyers and sellers
  • Perfect and complete information
  • Freedom to enter and exit the market
  • Homogeneous product of availability to substitute
  • Product needs to be mobile and portable
  • NO single buyer or seller is large enough to influence the market price
  • Government plays a minor role in pricing
The authors blame the mortgage brokers for the economy meltdown " The greedy and unethical mortgage brokers who pushed inappropriate loans on borrowers in order to collect very lucrative fees, with no guidelines, no restrictions and no oversight, mortgage brokers were overcome by greed".


And they name as victims "unsuspecting investors and ultimately the American public"

They mentioned that some consequences were " in 2008 and 2009 the Mortgage Bankers Association reported that over 2 million foreclosures were filed. This is the highest level reported since the Mortgage Banker Association started this survey 37 years ago"

I see why it is called an "IMPERFECT MARKET!"

Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140


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Sunday, May 13, 2012

Qualifying Requirements to Buy a REO Property

by Veronica Cabrera
May, 13 2012



My well qualified client asked me to put an offer on an REO property. The listing agent's remarks asked for the lender's owner of that property,  pre-qualification letter to be presented with any offer. The problem was that the REO lender will not issue any pre-approval if they don't talk to the borrower directly to ask for his authorization to run his credit. I would assume that a written authorization should be sufficient, but not in this case. I contacted 4 or 5 different lenders of that bank and all of them said the said the same thing, that they are required to talk directly to the borrowers to run their credit.

My client agreed to it. When one of the lenders talked to him, the lender insisted that my client to get the loan with him. My client was very upset because that was not supposed to be the purpose of the call. .

At the end, (3 days later) one of the lenders gave us the letter, but the property already had 10 offers by then.. We found another REO property and here we go again.

Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140
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