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Willis Allen’s Global Connections

By WARE1914 on May 3, 2012 in Real Estate, San Diego, Willis Allen

Through our affiliations with Leading Real Estate Companies of the World and Luxury Portfolio International, we’re connected to the finest independent brokerages around the world. With 550 members and 140,000 sales associates in 30+ countries, Willis Allen’s ability to expose your property to potential buyers on six continents is yet another element of what sets us apart in the global arena.

From our strong web presence to our true international relationships with affiliate members, we can accurately say our global presence is paramount to the competition.

We also have the ability to refer you to a trusted local expert virtually anywhere in the world. Whether you’re looking to purchase a vacation home in another country or sell your home in the U.S., we can assist.

Contact Ashley McEvers!
+1 (877) 515.7443
info@willisallen.com

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The market is prime for selling – Ken Follis

By WARE1914 on April 16, 2012 in News, Real Estate, Real Estate Agents, San Diego, Willis Allen

Our very own Realtor ® Ken Follis from our Fallbrook office spoke on the housing market today in the Fallbrook Village News.

Read the article below!

The housing market today can be complex for both the seller and buyer, which is why hiring an experienced real estate agent, is the key to a successful pleasant experience. Agent Ken Follis is a well-respected expert with 32 years in the industry and has weathered many up and down markets over the years.

“Leaders in the financial markets are predicting 2012 to be a robust year and very busy. There is finally a balance of inventory with prices remaining stable,” said Follis. “Now is the time for homeowners who have been sitting on the fence about selling to make their move.”

Follis, who specializes in Northern San Diego, Southern Riverside and Southern Orange counties prefers to call himself a real estate consultant. He believes part of his job is to consult with his clients on reaching their goals. Short sales continue to make up a large portion of the inventory today and Follis said that the process is becoming more streamlined and easier for the seller and buyer.

“I can help my clients navigate through the various programs being offered by the banks and government for short sales,” said Follis. “Through my experience over the years I have created strong relationships with many lenders who keep me abreast of the latest rules and regulations.”

People who choose to work with Follis can relax through the entire process knowing that as a consultant Follis will be part of the process from beginning to end. By being straightforward and honest in the process, Follis has developed longtime, repeat clients. “I have been able to develop clients, some of which have done over 20 transactions with me,” stated Follis.

For those beginning to investigate a real estate purchase or sale, Follis recommends visiting his website, www.kenfollis.com for some ideas.

Ken Follis is based out of the Willis Allen Real Estate office, located at 1595 South Mission Rd. For more information, go to www.kenfollis.com, call (760) 803-6235 or email kfollis@aol.com.

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How Will The 3.8% Sales Tax Be Implemented and Who Will Be Affected…

By WARE1914 on January 31, 2012 in News, Real Estate, Real Estate Agents, San Diego, Willis Allen

We wanted to bring some clarity to the rumor that starting in 2013 all home sales will be affected by a 3.8% sales tax which will be used to partly finance the new health care bill. For those of you who are not aware of this legislation you can view the NAR brochure (below) prepared to inform you about how this will be implemented and who will possibly be affected. Here is a quote from the brochure:

“To get you up to speed about this new tax legislation, the NATIONAL ASSOCIATION OF REALTORS® has developed this informational brochure. On the following pages, you’ll read examples of diﬀerent scenarios in which this new tax — passed by Congress in 2010 with the intent of generating an estimated $210 billion to help fund President Barack Obama’s health care and Medicare overhaul plans — could be relevant to your clients. Understand that this tax WILL NOT be imposed on all real estate transactions, a common misconception. Rather, when the legislation becomes eﬀective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses). the tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples ﬁling a joint return with more than $250,000 AGI.”

View the brochure here!

Contact us today!
877.515.7443

info@willisallen.com

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Luxury Market Year in Review – An Interview With Willis Allen CEO Andrew E. Nelson

By WARE1914 on January 10, 2012 in News, Real Estate, Real Estate Agents, San Diego, Willis Allen

A volatile stock market, high unemployment, foreclosures and short sales, low interest rates, and global uncertainty all contributed to a challenging 2011. So how did San Diego County’s luxury real estate market fare? Andrew E. Nelson, President and CEO of Willis Allen Real Estate, has been at the helm of La Jolla-based Willis Allen Real Estate since 1981. Here, he breaks down the year in review for the luxury real estate market.

Collection: Do you think foreclosures and short sales affected the luxury market?
AN: The luxury market was directly impacted in only a minimal way. However, these sales affected the attitude of all buyers in the luxury world, as they anticipated the climate that led to short sales and foreclosures at lower price points could ultimately affect upper end values. Perception of a future market is a key ingredient for astute buyers.

Collection: So do you think that will happen?
AN: As stated above, the luxury market is based on the perception that tomorrow will be better, not that foreclosures or short sales are driving the market.

Collection: What is the luxury market threshold?
AN: Different neighborhoods have different thresholds, based on many factors, but $2 million is a good starting point.

Collection: Was 2011 better or worse for the luxury market than you expected?
AN: It was about the same as what I expected. It was stronger in the spring, but then began to slow in late summer. Typically confidence drops off before an election, which can slow the market – and this coming election is dominating the airwaves, creating uncertainty.

Collection: Was there an influx of cash buyers in 2011?
AN: In the luxury world you typically see a majority of cash buyers. But, even so they only pursue well-priced properties. Luxury buyers tend to be very value conscious.

Collection: In the luxury market spectrum where did you see the most sales take place?
AN: There was increasing activity for the $2-$3 million range, as sellers more realistically priced their properties to reflect lower market conditions, and savvy buyers took advantage. In many cases sales prices were less than construction costs, proving that you can find a good value in the luxury market.

Collection: Were there any notable or particularly interesting sales in 2011?
AN: Upper-end, ocean front sales were dominant in 2011. The limited supply of quality oceanfront locations is a significant contributing factor. These coastal properties were where we saw the highest sales prices in 2011.

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