MURRIETA/TEMECULA/MENIFEE CA. REAL ESTATE - CAMERON WILSON

  The Value of a Particular Property has Always Been Interpreted Differently by the parties involved in the sale as each party looks from their own perspective. Always has been this way and always will be but are the values set by each person involved justified with Facts and how can each arrive at such different opinions looking at the same information?

 The Home Pictured Below Closed Escrow One Week Ago and as the listing agent for this Real Estate Owned (REO) property I was required to do a Brokers Price Opinion (BPO) as soon as I received the assignment from the bank. This is normal procedure and a second BPO is done by a different real Estate Agent who is unknown to me to try and arrive at Fair Market Value.

 When The Listing Was Sent To Me The Price Was Set $30,500 Over my suggestion and immediately I knew there would be an appraisal problem if we even received any offers. Two offers were received within one week, below asking price, and were countered by the bank at full price. Buyers take a walk so back to marketing we go. Then a full price offer comes in from a young couple expecting their first child in December and their offer is accepted.

 The Appraisal Comes in at $205,000 which is $30,000 Below List Price and the buyers agent freaks out because she assumes the bank will Kill the Deal. I asked for a copy of the appraisal and sent it to my asset manager who called asking how two agents could come to such differing opinions of value. The only answer I could give him was I personally deal with the facts of comparable sales, trends in the market as well as the property itself to determine value. Can't answer for the other guy.

 There is a very Happy Couple Living in Their New Murrieta Ca. Home today with a mortgage $30,000 below what they were willing to pay as value can and is viewed differently by all parties involved in the sale of Real Estate. Ultimately the appraisers opinion is the opinion that can make or break the deal.

 Wonder if it Wll be a Boy or a Girl?

 For Your Real Estate needs Contact Me: cameron.wilson@century21.com

 All of Us Rely on the Media to Keep us Informed " Up To The Minute" on Current Events and the manner we receive this information varies from the Internet, Television and the old fashion Newspaper but the fact remains we all to a certain degree allow others to influence our opinions. What if the information we receive is slanted to fit the Ideals of the Reporter and how much influence does it have on the population as a whole? Does this create a mindset that influences people's attitude? You bet it does but do most people investigate the information to see if it is true? Most of the time the answer is NO!!!!!

 It is no Secret the Real Estate Market is Down From Previous Years and the media has reported this even though the years they like to use as a comparison were over inflated as the early years of 2000 were not Average. So be it but now many in the Media are trying to bring to the public the falsehood that people cannot get a Home Loan let alone qualify for a loan. What a bunch of "BS" being dumped upon the American public as what the Media is neglecting to say is it's not possible to get a"Liars Loan" where no information on the loan application is verified!!!!

 Thirty Years Ago My Wife and I Purchased Our First Home with a FHA Loan, last I heard FHA was still in business, that allowed us to achieve the American Dream of owning our own home at the tender age of 22 & 20 respectivally. We had to verify that we had jobs and a 3% down payment, borrowed from my parents, and with this Old fashion concept we moved into Our Taj Mahal. By the way the interest rate back then was 10% fixed!!!!

  When I have a Problem With my Car I seek Out the Advice of a Professional Mechanic even though the Media reports GM is having a problem with their business as I do not understand how my vehicle was built but they have the Truth to my questions. IF you have a question about a subject seek out the advice of a professional in the industry as they know the reality of the their Profession regardless of what the Media may say.

 In The Past Three Weeks Four Families Have obtained Loans and Closed Escrow on homes with me personally, three in Murrieta and one in Menifee Ca., so I guess they must not have been watching the news as they were too busy achieving the American Dream. I don't say this to brag as I sell Real Estate and I don't know the first thing about running a Newspaper or Media outlet.

UPDATE 10/30/08: Check out Jeff's Post:

Hey all you MEDIA OUTLETS, listen up, I am pissed !!!!!!

For Your Real Estate Needs Please Contact Me: cameron.wilson@century21.com

 The Past Four Days I Have Been Home Sick just laying around the house feeling like pooh doing what I can on the computer while my partner Darla takes care of things at the office. Basically I wait for my wife to get home so I can whine and complain as to how lousy I feel. Probably the reason she has been working overtime at Her office this week.

 Anyway Today My Daughter and Son in Law Come Over to do their laundry, newlyweds so why not use Mom & Dads stuff, and while we were sitting on the patio Jon, son in law, says he Googled my name a few days ago and it came up on the First page of Google with a blog on a place called ActiveRain. Go Figure!!! After explaining Ar and my blog to them Jon offers to take new pictures for me as they think my current picture sucks but the blogging thing is cool. I give up!!!!!

 Many of You May not Think Showing Up on Google is a big deal but to me it is a Big Deal as I am fairly new to blogging and those who know me understand I'm Technology challenged. After the kids left I Googled my name and sure enough there I am. I'm Famous!!!! So then I proceeded to Google my name followed by Real Estate and lo and behold I am in the first 4 out of 5 on the first page of Google. Anyone want an autograph?

 My Scoreboard on Ar is Not Very Impressive Compared to some but I did sell a house two weeks ago to an investor who found the listing on my blog. That's a Great thing because when I started blogging I didn't think it would be worth the effort but that I would give it a try and if it didn't work it would be Astalavista.

 This SEO stuff is New Math to Me But it's time to go back and read some posts of the folks who understand it such as Katerina Gasset, Lynn Harley, Brad Andershon and many many others as apparently SEO is real and ActiveRain has Google Juice as I have heard. Wonder what Google Juice tastes like

 One of Best Aspects of the Real Estate Business is is that it is a reflection of society as a whole in the fact we are are individuals and approach life and business in different ways but most times are looking for the same results and that is to be successful as we each define success. There is no perfect way to go about it and some ways work better than others, all involve hard work and perseverance, but what works for me may not work for you and vice versa.

 My Clients Vary across A broad Spectrum From first time buyers to multi millionaires, some ride Harley's, some ride horses, some race cars, some play sports, some are single and some are married, but each is treated with the respect and professionalism they deserve. They are all a segment of this mix we call society and we may be different in some ways but the same in others.

 Today With the Internet and Platforms such as ActiveRain we can share information in a matter of seconds about our business models and the different ways we go about our individual businesses but this is not a one size fits all pair of shoes. All of the information I post will not work for You but a piece of it may and someone else will provide information that another piece can be used to enhance Your business.

  I May Show Houses on A Harley at Times and you may show them in a Rolls Royce but the fact is we both are showing and selling houses. You may show a client 50 houses before they make an offer and I may not show more than 10 but we can tell one another how we closed the deal. We learn from each other by taking the parts that we are comfortable with and implementing them into our individual business models.

 With The Internet We All Are Fortunatein the fact that much information is available at the click of a mouse without spending a small fortune running here and there only to find out that the system won't work for me or worse yet the speaker didn't have a clue as to the reality of Todays Real Estate market.

 Take Advantage of The Information Available to You and Build a Successful and Profitable Business That Suits Your Needs. Some Beneficial Things in Life Really are Free!!!!

 for your real estate needs contact me: cameron.wilson@century21.com

 With All The Uproar About The Financial Markets and the lack of response from our elected Representatives in the nations Capitol as they continue to waste Billions of dollars it is refreshing to hear some elected officials are actually doing a Good job. The Murrieta City Council is one of the groups making sure the work they perform benefits those that elected them not themselves.

 In September The Council Acting As The City Redevelopment Agencysold 9.8 acres of land situated between Madison Avenue and Interstate 15 behind, Wal Mart, for $5.2 Million The property is slated for development bringing 2 hotels plus restaurants to the area along with a possible car dealership and 53,000 square feet of Commercial Retail space as part of a 130 acre project called Cascada Del Sol.

 What Is Unique About The Sale Of This Propertyis the fact that the City of Murrieta bought this land in 2004 for $3.85 million and sold it in 2008 for $5.2 million creating a $1.3 million dollar Profit. A Profit that will go back into the Redevelopment Agency fund to be used in other areas of the city. The development of this property will also bring in New sales tax revenue so it truly is a Win Win proposition for Our city and all of us who call Murrieta home.

 A Profit in These Times is A Job Well Done!!!!

 For your real estate needs contact me: cameron.wilson@century21.com

  Most of Us Have Heard The Story From Grandpa or Dad reminding us how good we have things nowadays as They had to walk 5 miles each way in the snow to get to School and each time the story was told the distance became further and further. My thoughts were usually "I'll listen out of Respect" but I'll totally ignore what your saying as times have changed Old Timer.

 Real Estate Has Changed Tremendously Since I Went Into business 22 years ago as we used to present offers in Person, Fax machine?, and if you were a good listing agent your evenings were booked hearing offers with your sellers. We Old Timers just considered it part of our work so we went about it without giving a second thought to the time spent. No big deal.

 Times Have Changed And Presenting Offers In Person has become a thing of the past, according to newer Enlightened agents, but a few of us Old Timers still present in person whenever possible and if Push comes to Shove in a multiple offer situation it seems our offers get accepted. The reason being by presenting in person We have taken our clients from being just a few pieces of paper to making them Human. As a added benefit we get to know other agents on a personal level. What a concept.

 This Past Week A Young Agent Called Me To Make An Appointment to present a offer on one of my Real Estate Owned (REO) listings in Murrieta, Ca. so I gladly met with Him 3 Hours later and after introductions I had to ask why He was presenting the offer in person on a property owned by a Institution. He said he was there to answer any questions we may have about the offer or the buyers plus the fact His Father was a Broker and had always told Junior to present in person if at all possible. Another Old Timer.

 Junior Then Went On To Say His Acceptance Percentage had gone up 32% since he implemented this "New Way" of going about business and he wished He had began doing this earlier in his career. WHAT? He Listened to his Dad the Old Timer and calls this a "new way" of doing business. Good Grief!!! Junior answered the questions I had so I asked if he wanted to set down with me in the War Room while I uploaded his clients offer which he gladly accepted as he didn't really understand how REO offers were presented. Boring Stuff to me but not to Junior and he was blown away when I uploaded his answers to my questions into the comments section to my Asset Manager.

 Today I Had The Privilege to Speak With a Young Old Timer to inform him his clients offer had been accepted as written and the Banks Addendum's were printed and waiting for Him to make a 25 mile drive to my office to pick them up. Glad it wasn't snowing as he was at my office in 45 minutes.

 Sometimes Old Skool Can Become New School With Great Results.

 For your real estate needs contact me: cameron.wilson@century21.com