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

Showing posts with label South 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:

Monday, June 16, 2014

Making a difference in the marketplace

A good real estate company cannot make a difference in a client’s results by playing it safe and conforming to the rules and expectations of rather ordinary Southern California real estate agency competition base. If a company decides that they are going to accept the status quo of a rather boring marketing template – take the listing, put on the MLS and then wait to see if offers come in – they have made the decision that they are not looking out for their clients be interests, and they certainly aren’t serving their clients. There are many reasons that this occurs, buy one of the most glaring is that the Realtor simply falls into the 80% of the 80/20 principle, why we’ll talk about in the next few blog postings.

Nearly everyone has heard of the 80/20 “rule.” Here are a couple of examples:

20% of the roads produce 80% of traffic jams
20% of drinkers consume 80% of beer
20% of students generate 80% of classroom discussions

What can we take out of this and how can we apply it to the real estate market? This means that the best 20% of a Realtor’s activities are 16 times more productive than the remaining 80%. If a professional wanted to decrease the complexity of their life and increase the productivity they would focus all of their attention on the top 20%.

BanCorp Realty is innovative Newport Coast Realtor that specializes in the purchase and sale of Newport Coast luxury homes for sale. Are you interested in Newport Coast, CA luxury real estate? BanCorp Realty has been buying and selling Newport Beach Real Estate since 1995.

What is the point we are trying to make? If a Realtor is content on taking a listing, putting it on the MLS and then for other Realtors to bring in another qualified buyer to purchase the home, they fall into the 80% part of the 80/20 principle, which mean they are 16% less productive than a real estate broker who was actively marketing the home locally, regionally and nationally through traditional, internet and social advertising (Google+, Facebook, Twitter, LinkedIn…).

What causes a Realtor to fall into the 80% of the 80/20 principle? (1) They are doing too many things, and (2) the things they are doing are often the wrong things. And that is a recipe for an ineffective and very average Realtor.

Greg Steinaker was quoted as saying "our new joint venture with Webmasters in Canada to fully exploit our SEO marketing across all Social Media self replicating sites will assist BanCorp Realty in expanding our presence across Southern California"

Friday, March 14, 2014

Can We? We are determined to try.

Bancorp Realty believes that all of us want to be on fire and passionate in what we do, and we believe that each of us wants to make a positive difference in our lives, our family's lives and the lives of the families in the local South Orange County communities that we serve in. This is how and why BanCorp Real Estate Group leads from the front - by serving our client. When we shift the focus off of ourselves and refocus the attention on our clients, we are being genuine and sincere and have started to win a client's trust and confidence.

We are a Purpose-Driven Company and we believe that the real estate industry is ready to start hearing fresh new words revolving around acts of, gratitude, patience, loyalty, kindness and goodness: not gossip, back-biting, self-centered, do-whatever-it-takes-to-get-to-the-top type of thinking. BanCorp Realty puts people before profit and show a genuine concern for the success of our clients in the real estate transaction. We believe that our actions speak louder than our words – and God gave us two ears and one mouth for a reason, you will find that we are really good listeners over here at BanCorp Realty: knowing that we can better represent you buy listening to your needs than telling you what a great company we are! We have been serving Orange County real estate since 1995.

Greg Steinaker

BanCorp Realty

Tuesday, March 11, 2014

Is Your Orange County Realtor Boring?

Don't Use An Average Real Estate Agency When You Can Use Excellent...

Part 2 If the real estate company that you are using to sell your home has a strict marketing review process that requires each new marketing idea that might assist the home owner in selling their home easier and faster – they are stubborn and using an old-school marketing model. If your Realtor has to jump through hoops and go across steep hurdles and submit materials to committees before they can advertise your home the way it needs to be advertised to draw the top market value you deserve – you are using an antiquated real estate agency. BanCorp Realty is willing to be audacious and disrupt the Orange County real estate market which will directly benefit the Orange County homeowners that we represent, allowing them to directly realize a greater return on the sale of their home, selling it faster and far more effectively than other agencies.

Because BanCorp Real Estate Group is innovative and imaginative it leads to huge financial rewards for our clients: we are not afraid to take risks when we know that our clients stand to benefit directly from them. Increasing audacity in Orange County real estate means that we refuse to be boring and predictable. Our risk/reward business model stands in direct opposition to the existing timid, non-competitive business marketing structure which is prevalent across Orange County real estate. BanCorp is not the biggest Orange County real estate brokerage, but this is a good thing – quick and efficient, practical decision making in real-time, real-world environments is exactly why BanCorp is known as the Orange County Real Estate Zephyr™.

Greg Steinaker CEO BanCorp Realty Chairman Irvine Holding Company

Monday, March 10, 2014

Don’t Use A Boring Orange County Realtor

Don’t Hire Average When You Need Excellent

Part 1 Is your Orange County real estate company boring average or ordinary? If the first thoughts that come to mind when you think about your current real estate company are mundane, tedious and stale you are likely working with an ordinary company - and your reward potential dropped exponentially as you are now settling for less than the best and are undoubtedly going to receive less than the highest value for your Orange County home.

When you hire a Realtor® you must be absolutely certain that the cost of hiring an average real estate company will not be greater than the reward it ultimately brings in(if your realtor is leaving money on the table you are in essence paying an additional fee, right?). BanCorp Realty® pushes ideas further. We make them more audacious, and then turn them into realities for the homeowner in the form of more cash-equity in their Orange County home.

BanCorp Real Estate Group® knows that the Orange County real estate market favors and highly rewards innovative ideas and risk taking, and severely penalizes tiresome and uninteresting ones: why would you want to hire a boring, monotonous Orange County Realtor?

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.