LRE® Blog

April 26, 2012

Urban Legends

Courtesy of Frederick Peters, President of Warburg Realty  The purchase and/or sale of residential real estate unfolds at the juncture between business decision and lifestyle choice. It is thus subject to a series of beliefs, on both the buyer and the seller sides, which reflect the uncertainty of that rather hazy intersection. Neither strictly a nuts-and-bolts, by the numbers choice, nor one in which the splurge mentality which can apply to shoes, or cars, or jewels, easily applies, this very large, yet very personal purchase has given rise to its own mythology. Herewith a few of those myths, and my attempt to debunk them:

April 23, 2012

This Weekend in Santa Barbara – Our 42nd Annual Earth Day Festival!

Courtesy of Staci Caplan and Michael Humphrey of Sterling Properties This weekend, Santa Barbara is proud to host our very own Earth Day Festival in Alameda Park! The annual event is near and dear to residents of Santa Barbara, and has been held for 42 years. In addition to the many attractive luxury homes in the area, our city has incredible natural beauty – from the waterfront, with some of the best beaches in the world, to the many environmental preserves, including the Coronado Butterfly Preserve which protects Monarch butterflies during their yearly migration south. With such great beauty comes the responsibility of preserving it, and our Earth Day Celebration highlights all the ways we do, promotes more sustainable and healthy lifestyles, and looks into the future at ways to protect our environment in new and exciting ways. This year’s theme is “Mobilize” and as such many of the exhibits at the festival will be focused on efforts to reduce our reliance on fossil fuels.

April 23, 2012

Montgó Nature Reserve Celebrates 25th Anniversary

Courtesy of Rimontgó The Montgó is a mountain that dominates the scenery in the Jávea Valley, a beautiful natural setting that culminates in the pretty coastal town of Jávea, its sandy beaches and a big bay flanked by towering cliffs on the easternmost point of the Spanish coastline. Rising to a little over 750 metres in height, the Montgó is marked by a long even ridge that rises gently to a rounded peak near the old town of Jávea. Because of this distinctive shape it is sometimes likened to an elephant head, and exudes all the power and grace of that animal.

April 20, 2012

Portland Metro Real Estate Update

Courtesy of Realty Trust Group Portland’s Real Estate Market has been slowly showing improvement in the housing market. Now is the time to buy in one of the most beautiful cities in the country. Rated in the top five by Moody’s Economy.com and MSNBC.com for being one of the first major metropolitan cities to see recovery.*

April 17, 2012

Spring Forward

Courtesy of Frederick Peters, President of Warburg Realty As we move into the middle of April, many of us in the business are wondering, will there be the traditional spring market? Usually at about this time there is an uptick in inventory, prices begin to ascend (especially with help such as Vivian Toy’s upbeat article about real estate sales in the Sunday New York Times) and deals begin to flow fast and strong. So is it happening in 2012?

April 11, 2012

Educated Home Buyers Workshop

Courtesy of The Muljat Group Are you thinking about buying a home and not sure what to expect? Join us for our first ever “educated homebuyer workshop”. Our panel of experts will discuss home improvements, home inspections, and the homebuying process, including mortgages and working with a Realtor. In addition we will have information about FHA “streamline rehab loans” which can provide financing for many common remodeling projects when you purchase your new home.

April 10, 2012

Forging the Link

Courtesy of Frederick Peters, President of Warburg Realty As we sat around the Seder table Friday night, I was struck as I often am by the profound importance the notion of home has for people. Far from being just a place to sleep, the notion of home is central to our fundamental sense of place in the world. We accumulate memories, which over time seem to actually imbue the bricks and mortar (or sheetrock) with personal significance. Because I understand the importance of this sense of place, I am frequently urging customers to see their home purchase other than in terms of investment. Given that historically (although not necessarily if you bought in 2007 and sold in 2009) real estate has been a great investment, and that none of us has a crystal ball about the market 10 years from now, I urge Warburg clients to think long term and not fine tune too much. If you are living in a place a minimum of five years, an additional 5% in the purchase price probably isn’t going to make that much difference if you have found the place you want to call home. And most of us, on some level, recognize it when we see it.

April 9, 2012

Santa Barbara’s Commitment to Historical Preservation

Courtesy of Staci Caplan and Michael Humphrey of Sterling Properties Santa Barbara is a very special place for many reasons – as we’ve shared over the past few weeks, our city is home to some of the most prestigious neighborhoods in the nation, some of the most beautiful luxury estates in the world, a producer of renowned wines, a center for the arts, and the perfect vacation spot thanks to our beaches, resorts, golf courses, and world-class events. While Santa Barbara certainly provides all the amenities to enjoy the modern luxury lifestyle, a large part of what makes our coastal city so exceptional is our community’s dedication to honoring and preserving our own history and culture.

April 9, 2012

Warburg Realty First Quarter 2012 Market Review

Courtesy of Frederick Peters, President of Warburg Realty The New York real estate market has shaped up in an interesting configuration during the first quarter of 2012. While the condo market in Harlem, priced appropriately after a couple of years of settling, has seen substantial absorption, and while apartments and townhouses all over Brooklyn are seeing multiple offers and prices over asking, the co-op markets on the Upper East and Upper West Sides, the raw real estate material from which the boom began, has a strong top and a firming bottom but a weak middle. There is, so to speak, a hole in the donut.

April 5, 2012

The Best Beaches in Spain

Courtesy of Rimontgó Any visitor to Spain will tell you that some of the best beaches in Europe can be found here. With 8,000 kilometres of coastline, beautiful beaches, turquoise waters and world class resorts it is no surprise that five Spanish beaches feature in TripAdvisor’s Travellers’ choice 2012 list. Puerto Alcudia, Benidorm, Playa del Inglés, Corralejo and Puerto del Carmen are all featured in the top ten European beach resorts.
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