BanCorp Realty: Orange County's Real Estate Blog : Orange County Real Estate Blog

Showing posts with label Orange County Real Estate Blog. Show all posts

Friday, December 26, 2014

South Orange County home prices predicted to continue to rise

We believe that there is no reason to believe that home prices will not continue to rise in 2015. BanCorp would not be surprised if the average price increase stood at 5% across the board. Present inventory might be higher than normal to flat and we don’t believe that Fannie or Freddie will ease lending standards but with annual inflation running at 2%, an additional 2 -3% increase up and beyond this is not wishful thinking as the generation “Y” market continues to enter the market.

Interest rates remain at historically low levels and they won’t remain there. If rates were to increase a single point, the corresponding monthly payment increase to the borrower is approximately 20 -25% which obviously reduces buying power and this will drag down home prices due to the fact that the buyers will be expecting the sellers to drop the asking prices to reflect the higher borrowing costs. With that being said, BanCorp believes that even a ½ % increase in rates during 2015 is highly unlikely, the Federal Reserve is too active in the market and this simply would be too dramatic of a hike and they have an excellent pulse of the market right now.

In conclusion, expect supply to outweigh demand, but this will not damper increasing home values due to low interest rates and new buyers entering the market helping to fuel home prices.

Orange County Cities and Communities BanCorp Properties Serves In:

Wednesday, August 20, 2014

Big Orange County - small town flavor:

Why The Orange County Zephyr™ is better.

When you are ready to sell your South Orange County home it is important to note that only a very few percent of these home transactions are actually completed by real estate brokers outside this localized area. When you take into account the luxury market and custom coastal properties this percentage drops even further. The main reason for this is because the big national real estate companies are really just “players” and they don’t actually move Orange County real estate as it would seem by their presence on the internet. The professionals who know the local communities within Orange County are the ones who are actually buying and selling these properties.

BanCorp Properties™ positions your home to be aggressively marketed locally, regionally, nationally and globally so buyer’s everywhere can easily view and locate our listings on our leading-edge user-friendly website, as well as the best known most widely used internet portals including: Realtor.com, Trulia, Zillow, Yahoo Real Estate, and every other “boutique” website that will get qualified buyer’s eyes on our client’s homes. If the website is relevant and making a difference, BanCorp REG™ will showcase the home there: this is just another reason why we are making ripples which are turning into waves in the Southern California real estate industry.

Bancorp REG™ is willing to take calculated marketing risks whenever we are able to position our client for a potential larger net gain or a faster and smarter real estate transaction that will directly benefit our client. We take audacity to increasing levels when are marketing a home, this is why we are one of South Orange County’s fastest growing real estate agencies – serving the Southern California housing market since 1995.

South Orange County Communities BanCorp Serves In:

Monday, August 4, 2014

Why even do this in the first place?

What motivates the employees of BanCorp Realty to get out of bed each day? As an organization we believe that there are two reasons to work. We work to provide for our families, food, our homes… And we work for a higher calling – a purpose-driven career: the “why” of our business. The “why” of our business has to be so enormous that it keeps the entire organization on fire and passionate - not just in the short-term - but for extended periods of time.

BanCorp REG is a purpose driven orange county real estate company

What – Every company knows what they do.
How – Most companies know how they do it (the process).
Why – Very few companies know why they even do it at all.

The companies that really understand “the why” of their business – their purpose, their reason for existing, are the ones that win, Big-Time. They operate from the inside-out, pushing their “why” out through their how and what. That way, everything they do, from processes to services, is centered round the very core, the heart of their mission. The reason a company like this wins is that people don’t buy what you do – they buy why you do it. The most successful companies understand that the goal is not to do business with everybody who needs what you have. The goal is to do business with the people who believe what you believe (the why).

BanCorp Realty: Orange County Real Estate Company Committed to Excellent Service

At BanCorp Properties we believe it isn’t just about service, it is about people. If we hire a Realtor just because they need a J.O.B. (the what), then they will just work for the money. But if we hire a professional who believes what we believe (the why), they will be a passionate real estate agent that has a purpose and they will flourish not only as an individual but will assist this organization reach its lofty goals.

Greg Steinaker - Purpose Driven Orange County Business Leader

Greg G. Steinaker: BanCorp REG

Orange County Cities and Communities BanCorp Properties Serves In:

Aliso Viejo Real Estate & Aliso Viejo Homes For Sale | Costa Mesa Real Estate & Costa Mesa Homes For Sale | Coto De Caza Real Estate & Coto De Caza Homes For Sale | Dana Point Real Estate & Dana Point Homes For Sale | Irvine Real Estate & Irvine Homes For Sale | Ladera Ranch, Real Estate & Ladera Ranch Homes For Sale | Laguna Beach Real Estate & Laguna Beach Homes For Sale | Laguna Hills Real Estate & Laguna Hills Homes For Sale | Laguna Niguel Real Estate & Laguna Niguel Homes For Sale | Lake Forest, CA Real Estate & Lake Forest, CA Homes For Sale | Mission Viejo Real Estate & Mission Viejo Homes For Sale | Newport Beach Real Estate & Newport Beach Homes For Sale | Corona Del Mar Real Estate & Corona Del Mar Homes For Sale | Newport Coast Real Estate & Newport Coast Homes For Sale | Rancho Santa Margarita Real Estate & Rancho Santa Margarita Homes For Sale | Dove Canyon Real Estate & Dove Canyon Homes For Sale | | San Clemente Real Estate & San Clemente Homes For Sale | San Juan Capistrano Real Estate & San Juan Capistrano Homes For Sale

Thursday, July 31, 2014

Maintaining Momentum in Real Estate

Focus Intensity over Time and multiply it by God will give a company unstoppable Momentum. Momentum is not something random, like a lightning strike, it is the exact opposite. It is something that is created within a company, and then is managed by both the leaders and employees of the organization. If the momentum is lost, normally it means the company has dropped its focus, intensity or simply its lack of faith. When a company loses its focus, this usually falls on the shoulders of management, and it normally happens because of either fear or greed. Fear will cause a company to lose focus because it is looking at the potential for failure instead of concentrating on success. Greed will cause an organization to lose focus because they begin to take their eye off of the good of their client, and out of the moment, and into a sense of celebrating victories that have not yet been earned.

BanCorp Realty: Integrity in Southern California Real Estate

A company cannot become intense until they find something that they deeply care about. Many companies make the mistake of being intense for the wrong things. A company must be intentional in their intensity. Their intensity must be purposely directed at things that really matter and purposely not directed at things that don’t. If a company takes all their team-members to their favorite pro football team’s game and everybody is jumping up and down yelling and screaming at the top of their lungs from ten minutes before kick-off until the final whistle, shouldn’t that same group be just as intense about their company? Something that is bigger than all of them that everyone can prosper in? Intensity and passion are two traits of a company that is able to succeed and carry momentum over extended periods of time.

Most companies can focus if they concentrate, and most companies can be intense for a while. Focused intensity at some level can be achieved by most companies if and when they care enough about a certain outcome. However, few companies can add the next element of the formula for very long – Time. Great companies are able to maintain focused intensity for long periods of time. For an organization to achieve huge accomplishments, they have to stay focused and intense over an extended period of time. The most key component of the Momentum Theory is God. As humans we are all finite. Our skills, abilities and talents have a limit. Wouldn’t our limited efforts as a company be multiplied by an infinite God? If faith was added to the equation, wouldn’t it seem natural that our comparatively puny efforts as humans could literally explode with even an ounce of faith? As a good lesson for business and for life, if we are trying to gain momentum… we take our best focused intensity over time and multiply it by God for unstoppable momentum.

Thanks Dave Ramsey...

Greg Steinaker: Purpose-Driven Leader of BanCorp REG

Greg Steinaker - BanCorp REG

Cities and Communities BanCorp Properties Serves In:

Friday, July 25, 2014

Management Decision Making: Orange County Real Estate

For a real estate company to move from ordinary to excellent, they must possess a management team that is able to make both the easy decisions and they hard ones. If they want their company to stand out from the rest of the industry – passivity cannot be an option when it comes to decision making from the management team. If the company is going to flourish, the organization can’t realize these dreams by having a management team that is weak or timid; it requires that their leadership have a tremendous backbone. The management and leadership of one company is what separates it from the rest of the industry, and indecisive leadership can kill the dreams for a company and drive away the most talented professionals in real estate.

BannCorp Properties: Great Orange County Real Estate Decision Making

If an excellent real estate company is stuck in the old-school method because their management team can’t or won’t make the critical decision when it is called for, the organization is reduced to an average company. An Average real estate company won’t survive very long in a very competitive and crowded Orange County real estate marketplace. If management can’t make the critical decisions, basically it means that they can’t make up their minds, and people that can’t make up their minds tend to be unstable and unpredictable – this can cause ruin to a real estate company.

BanCorp Properties: Orange County Real Estate Broker - Good Decision Making

The bottom line is this: the success (or failure) of a real estate company is ultimately tied to the ability of management in making the call (the decision). There are costs and risks in decision making, and mistakes are made – the key is for leadership to minimize the mistakes. If the management team is able to make the right call on a consistent basis, the organization will flourish and their Realtors will profit personally and professionally.

Greg Steinaker is not afraid to make the big decision when it is called for..

Greg Steinaker - Managing General Partner

BanCorp Real Estate Group

Cities and Communities BanCorp Serves In

Thursday, July 24, 2014

Orange County Real Estate Innovation

A Better Orange County Real Estate Broker:

BanCorp REG™ will not bend to or adapt to the rather dull and ordinary expectations of the existing Orange County marketing model, nor will we be swayed by the opinion of our competition. Winners get criticized – it comes with the territory. If we are going to continue leading from the front we can expect to continue receiving shallow responses from average companies who are doing nothing to influence change in the Southern California housing market. While other companies are talking about what BanCorp is doing – BanCorp Properties is a business in action - affecting real positive change in the Orange County cities and communities we serve in. We are an organization that is making a difference in the marketplace, and a lot of people are talking about our company. Our clients are giving us accolades and applause while our competition is left grumbling and wondering.

BanCorp Properties: Southern California Real Estate Brokers

BanCorp believes that we can’t secure our clientele excellent results – the results they are seeking – by playing it safe, afraid to take risks, and sitting on the sidelines and acting like a cheerleader instead of an advocate. We are willing to take calculated market risk and accept the corresponding corporate responsibility as a trade-off for positioning our client’s for a potential larger net gain and/or easier and faster transaction directly benefiting our client, creating short-term equity building to long-term wealth. We not only encourage, but underwrite aggressive thinking from each and every one of our real estate professionals. This is just one example of why BanCorp leads from the front in a very competitive Orange County real estate market.

BanCorp Properties: Southern California Real Estate Company

It is amazing how fast other real estate companies will give up and throw in the towel at the first sign of danger or dilemma. When we come across a challenge or ‘bump in the road’ we will go right through it instead of trying to navigate around it, pretend it didn’t exist or hope it disappears. Two-decades of experience has taught us that it is much better to deal with circumstances and uncertainty head-on rather than put them off for a later date, they both have the potential to jeopardize or ruin a transaction. BanCorp knows that we are only as strong as our weakest link, and we have our weakest link covered. Because of this, we only employ and retain the most excellent talent in the industry. We have also committed, and will continue to invest the necessary resources to insure we maintain the most sophisticated, comprehensive leading-edge real estate databases in the industry.

By believing in the Principles of Innovation, BanCorp REG™ will not be swayed by the decreasing expectations of the existing Orange County real estate marketing model, and we are not afraid to try different approaches to putting a transaction together and step outside the box when it is in our client’s best interest. At BanCorp we are always doing things that we don’t know how to do so that we can learn how to do them.

Greg Steinaker: Southern California CEO and Real Estate Executive

Greg Steinaker: BanCorp Properties

Cities and Communities BanCorp Serves In:

Mission Statement

BanCorp Real Estate Group provides and administers superior real estate services and product expertise. At each level we strive to be the client’s first choice. We continue to succeed treating our clients and the communities we serve as we would wish to be treated – the real golden rule.

We will continue to lead from the front the mutual trust, honest, integrity and authenticity in the delivery of our service. Our achievements are realized through our commitment to O.N.E. unified purpose driven resolve – Truth in Real Estate.