Perry Property Advisors

2009 Orange County's Top 50 Agents - Coldwell Banker

Yes, I'm proud of both my sons because they work hard, honestly and with true commitment to everything they begin.  Matt was named in Coldwell Banker's list of their 2009 Orange County Top 50 Agents.

He is in good company with a terrific group of accomplished agents and brokers.

 

Rate of New Foreclosures Shows Decline

The national foreclosure rate is moderating with the number of foreclosures in February rising 6 percent compared to February 2009, the lowest year-over-year increase in four years.

Foreclosure filings, including default notices, scheduled auctions, and bank repossessions, were reported on 308,524 U.S. properties during February, a 2 percent decrease compared to January, RealtyTrac also reports.

IRS issues new guidelines on obtaining home buyer tax credits

The agency clarifies documentation that taxpayers will need in an effort to curtail widespread fraud in the program.

By Kenneth R. Harney

Reporting from Washington - Despite blizzards that shut federal offices for days, the Internal Revenue Service issued new guidance Feb. 12 on the two tax credit programs that are powering the country's real estate markets -- the $6,500 credit for repeat buyers and the $8,000 first-time buyer credit.

First-Time Buyer Tax Credit Extension Possible

Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate. Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.

Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."

Odds are that the credit will be extended and broadened to cover all buyers next year, but the chances of the amount increasing aren’t as good, observers say.

Source: Washington Post Writers Group, Kenneth R. Harney (08/22/2009)

Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate. Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.

Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."

Odds are that the credit will be extended and broadened to cover all buyers next year, but the chances of the amount increasing aren’t as good, observers say.

Source: Washington Post Writers Group, Kenneth R. Harney (08/22/2009)

Matt Perry Named Among Coldwell Banker 2009 YTD Top 50 Agents

Perry Property Advisors President, Matt Perry was in this this of 50 Top Agents in Orange County.  This was just announced August 20, 2009.

Tom Iovenitti, President of Coldwell Banker Residential Brokerage Orange,County:

"It is my pleasure to announce the current Top 50 agents for Coldwell Banker Orange County. Based on the 2009 year-to-date gross commission income, these rankings highlight the best of the best among our Orange County real estate professionals. I would like to personally congratulate and commend these agents for their unwavering dedication and professionalism in helping bring together buyers and sellers, continually upholding the ideals of integrity, quality service and customer care upon which our business is built.

Each and everyone of our Coldwell Banker sales associates is a vital asset to our business and to the Orange County real estate community. I thank all of our valued associates for the hard work and determination they have demonstrated in the face of a challenging real estate market. When you are looking to buy or sell a home, choose Orange County's premiere residential real estate brokerage. Visit wwwOCViewOnline.com today to meet one of our many knowledgeable and professional sales associates."

Customer Service is Key in Today's Market

Tom Iovenitti is President of Coldwell Banker Residential Brokerage Orange County.  He writes:

The California Association of REALTORS® recently issued their June sales report, indicating that home sales in the state rose more than 20% during the month. That makes it the tenth month in a row to show an increase in sales.

Don't take our word for it. A recent J.D. Powers survey of home buyers and sellers places Coldwell Banker as the nation's number one brand for home seller satisfaction. The survey, which included more than 2,800 respondents, took into account four factors:  agents, offices, marketing, and additional services.  According to J.D. Power, "Coldwell Banker ranks highest... and performs particularly well in all four factors," ranking number one among home sellers and number two among buyers. The survey highlighted the importance of additional services to consumers, such as Coldwell Banker's relocation team, legal support an Concierge service.

Mortgage payment protection plans boom

Is there a rainy day in your personal job forecast? Not a surprising thought considering rising unemployment rates. Rainy Day Foundation in Washington D.C. is offering a mortgage protection plan. IF a home buyer loses their job they can qualify to receive up to six months mortgage payments.

Nor would it be surprising if uncertainty about your income is a major barrier keeping you out of the home-buying market this spring. That's why a previously obscure charitable group based in Washington, D.C. -- the Rainy Day Foundation -- is doing a booming business in what's called the mortgage payment protection niche.

For the complete article see the L.A. Times Sunday April 26, 2009.