Real Estate Press Releases

MOUNTAIN VIEW, Calif. - As the spring real estate market continues to boost certain types of home sales, investor interest has increased in Mountain View rentals and other Bay Area cities, according to professional property manager Jerry Garrity of First Statewide Realty.

Garrity, who has shepherded the portfolios of his high-end real estate investor clients through five recessions since the late 80's, says that trends in sales come and go, but good investors learn how to make a good return even in tough markets.

"The difference between amateur investors and those with more experience is that the experienced ones learn how to grow their portfolio's value in virtually any market. One way they do that is by making sure their portfolio is managed professionally."

ALBUQUERQUE, NM - Bank owned homes will dominate the 2012 real estate market according to Albuquerque REALTOR® Joe Maez of Keller Williams Realty Westside.

Maez says that Albuquerque foreclosures are still driving the market due to problems in the banking system getting bank owned properties through the foreclosure process and into the market. As a result, he says the Albuquerque real estate market will continue to be affected by the flow of bank owned homes.

"Banks have battled a number of legal challenges, but the foreclosure inventory continues to impact the local market in a big way."

Maez says that while buyers are getting some amazing deals right now, sellers are also seeing an uptick in price and buyer interest.

CUPERTINO, Calif. - News of weakness in the European economy and a U.K. double dip recession has caused U.S. investors to flee to quality in their investment decisions, according to Bay Area property manager Jerry Garry of First Statewide Realty.

Garrity, whose property management firm in Cupertino has served real estate investor clients in the Bay Area through five past recessions, says that historically good prices and low interest rates have brought investors into the market in a big way.

"I call it a flight to quality. When a bubble bursts, as it did in 2006 and 2007, the masses run away from it. As the bubble recedes, the serious investors with narrow criteria for choosing quality investments start coming in to pick up the pieces."

BOISE, Ida. - RE/MAX Advantage Broker/Owner Don Wixom will be speaking on Thursday April 12th at 7:30 am at an event hosted by the Nampa Chamber of Commerce at the Hampton Inn and Suites in Nampa. The event is part of the monthly Nampa Chamber of Commerce Business and Breakfast series.

Wixom will be speaking about Idaho short sales as well as the state of residential real estate in the Treasure Valley, including such topics as:

• Where is the bottom of the market? Is it past, or is it yet to come?
• What are home values doing? Are they on the rise or declining?
• The real estate market after the bubble.
• Distressed properties and how they affect the market.
• How real estate tools for consumers have changed with the advent of mobile apps, QR codes, etc.
• What opportunities are there for real estate investments?

KEY WEST, Fla. - Tourism will be the key to boosting the 2012 Key West Florida real estate market according to local REALTOR® Sean Farrer.

Farrer, who adopted the so-called Conch Republic as his hometown after moving to the relaxed community from native South Africa, says he did like many others continue to do every year: he fell in love with Key West while on holiday.

"Florida tourism is clearly a driving factor, not only in the economy, but the Key West real estate market, because people come here from all over the world to experience the fun, relaxation, and beautiful beaches of Key West."

Farrer says going to Old Town Key West on vacation or as a stop on a cruise just whets the appetite for the Florida Keys' trademark relaxed island lifestyle.

SAN JOSE, Calif. - First Statewide Realty property managers have released a list of common myths owners often believe about self-managing their rental properties. The list of myths, compiled from years of experience in the San Jose area property management business, can help save potential amateur investors the cost and frustration of trying to manage investment properties without the proper experience.

According to Jerry Garrity, owner of First Statewide Realty, the top 3 myths about self-managing investment properties are:

Myth #1: Self-managing investment properties saves money. In fact, numerous studies have shown that professionally managed properties return higher and more consistent cash flow.

Myth #2: Managing investment properties is an evening and weekends only job. In fact, managing rental properties is a full time job, and renters frequently require the attention of a property manager around the clock.

Orlando, FL - The flow of Orlando Florida bank owned property coming on the market continues to pressure prices, but still creates buying opportunities for investors and other buyers, says Orlando real estate agent Jonathan de Jesus of Dominium Realty Group.

"Orlando short sales and foreclosures continue to have a major impact on the market here as with every other part of the country, but the silver lining in the story is that buyers can get exceptional deals on these listings."

He says the deals are not limited to Orlando foreclosures and short sales, because other sellers have to compete with the prices in the distressed property side of the market.

"I've had clients find the home of their dreams for far less money than they ever thought possible, simply because prices are so attractive right now. Those who can buy real estate now may end up the winners once all the economic uncertainty is gone."

BOSTON, Mass. - Boston MA real estate team MassMLSHomes.com has launched a new website with unusually complete and fresh listing data, says team leader Abe Hantout, REALTOR®.

"We provide a real estate lead generation platform that provides prospective clients to real estate agents from different agencies by syndicating their information and by showcasing their expertise in their own towns or areas of operation," Hantout says.

An expert in the Boston real estate market and Boston's many unique and historic neighborhoods, Hantout says www.MassMLSHomes.com is a complete and accurate site that provides updated listings to the general public looking to buy, to sell, or to simply browse the Real Estate market for information on home values.

LOS ANGELES, Calif. - Los Angeles REALTOR® and Broker of Record Toni Patillo of Keller Williams Santa Monica and Pacific Palisades Market Centers has accepted a position of leadership in the Community by hosting a weekly radio show for the Greater Los Angeles market. Toni will host the show with her colleague and co-host Jason Jerzewski, Director of Business Development and Marketing for Toni Patillo & Associates and LA City Short Sales.

The Show is entitled Call Toni Real Estate Radio and will air every Saturday on Clear Channel's Radio network, KTLK AM 1150 from 3pm to 4pm PST.

With her personal approach to real estate and her ability to energetically connect with clients and professionals discussing their unique buying, selling, mortgage-related questions, loss mitigation and pre-foreclosure challenges, Patillo's objective is to challenge, empower, inspire and educate people to take their lives to a higher more meaningful level and provide a balanced view of the current real estate and financial market and offer solutions to improve the quality of the listener's lives.

"Too many homeowners just see the headlines about the economy and choose to tune it out. Our show is about getting underneath the headlines and discussing the realities that home buyers and sellers are facing, delivering the balanced truth about the marketplace and giving tools for positive change."

CUPERTINO, Calif. - Cupertino property manager Jerry Garrity of First Statewide Realty sees continued low vacancy rates in the Silicon Valley boosting investor demand in the region's real estate market.

Garrity, whose Cupertino property management firm has helped real estate investors' portfolios survive and grow through three decades and five recessions, says the rental market is expected to stay strong through 2012, because there are still more backlogged foreclosures coming on the market from banks.

"Now that the big banks have made a deal with the Justice Department on how to resolve backlogged foreclosures, there will be more owners forced into the Cupertino rentals market."

As a result, Garrity says investors have been taking up the slack by purchasing bank owned properties at low prices in a record-low interest rate environment.