D elta Associa t i o n o f R e a l t ors Ž M ARCH 2012 • w w w. d e l t a a o r . c o m
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So far, the Request for Information, RFI, is vague as to details and the Feds are asking for feedback as to what the bulk sale process would look like. So, we have to ask ourselves how this would affect us in our market. The first question, how many rentals do we currently have? And the answer gleaned from a quick survey of MLS and corroborated by www.city-data. com is 31% in all of Contra Costa County, give or take. Data from Foreclosure Radar and Contra Costa Foreclosures indicates that in Contra Costa County, there are approximately 3275 bank owned properties showing as foreclosed with an additional 470 coming on per month between actual trustees sales and investor purchases. What’s unknown is how many are actually controlled by a GSE; a conservative estimate is 50% or somewhere between 1873 and 3745 total homes per month. Taking the low estimate at 1873, this would be 22476 homes controlled by investors. That is a 6.5% increase in possible rentals assuming few new homes being added to the total of approximately 344K homes in Contra Costa County.
Even if half of the potential, meaning 11238 properties, we would have an additional 3.3% increase in homes 2 www.deltaaor.com DeltaCurrents
march2012 march 2012
jan u ary 2012
W EL C O M E TO 2 0 1 2 !
2012 D AR Presi Presiden den t CEC CE C ILY TI TIPP PPERY ERY •
In yet another attempt to help our economy, I believe our government is in reality helping the investor pool to take control of the real estate market, thus undermining home ownership as the basis for economic recovery. The Federal Government is now actively seeking new options for selling REO properties held by Fannie, Freddie and FHA. The ideas seem to include some sort of bulk sale to investor groups without holding time and/or rental restrictions.
that may be held as rentals for a period of time and not available for sale, so rentals would comprise from 33% to 38% of total home inventory. That may not be a lot, but it is another 11K to 22K of properties not available for sale if the GSE puts a five year rental requirement hold.
Possible consequences: reduced rental values, continued low inventories and large volumes of sales in a few hands, further deteriorating neighborhoods with rental properties (if you buy into that mind-set). The reason the government is considering this method is to alleviate the banks having to do rehab, get the properties on the market faster and at a reduced price. The pilot program is expected to be implemented by end of year and will include a holding time. In opposition to the idea, the following motion was passed at the CAR meetings in January. “In response to proposed regulatory pilot programs addressing GSE and FHA Bulk Sales and Rental Restrictions on GSE and FHA Bulk Sales of REO Properties, C.A.R. allocate staff resources and monetary resources not to exceed $500,000 to lobby the appropriate legislative and regulatory bodies with jurisdiction and authority over said programs with the purpose of stopping or minimizing the negative effects said program may have on local markets within California.
Additional resources and funds to be allocated towards a public media campaign. C.A.R. Staff to determine the appropriate media to be used to address the issue. Due to the time sensitive nature of the issue, C.A.R. staff to take action within 30 days of the January 2012 BOD meeting.” We have a lot of work to do to keep our housing market viable. I encourage you to monitor progress at CAR.org. We at DAR will continue to review this and other legislation that affects us all. Go to CAR.org
Cecily Tippery, President Cynthia Alfred, President-Elect
James Britto, Treasurer Ralph Garrow, Jr., Immediate Past President John Bedford, Secretary
DIRECTORS
yourDARteam
2012 OFFICERS
MARCH 2012 Delta Association of REALTORS速 3428 Hillcrest Avenue, Suite 200, Antioch, CA 94531 Phone 925 757 8283 Fax 925 757 8393 info@deltaaor.com Delta Currents is the official monthly publication of the Delta Association of Realtors速. Although every effort has been made to ensure the accuracy and thoroughness of this publication, errors may occur. DAR shall not be held liable for misinformation, typographical errors, omissions, and/or misprints in editorial and/or advertising materials.
MaryJane Dukellis Scott MacIntyre
Ramesh Suman Cathie Marples Angela Johns Errol Mooney
Lori Ogorchock Ron Keefer
Lynn Valintis
Delta Currents is published by Michelle Manos Design. STAFF John Bedford, Association Executive john@deltaaor.com
For advertising rates, please contact Michelle Manos at 831 869 5084 or michellemanos@gmail.com.
Tonia Nielsen, Chief Operations Officer tonia@deltaaor.com Jean Ruelas, Manager- Retail Operations jean@deltaaor.com Ron Greenslade, Chief Financial Officer rong@deltaaor.com Barbara Baham, Members Service Director barbara@deltaaor.com
new 2012 DAR hours: Tuesday - Friday 8:00am www.deltaaor.com - 5:00pm Monday 9:00am - 5:00pm
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H o l d i t a t t h e D e l t a A s s o c i a t i o n o f R E A LT O R S 速 . C a l l 9 2 5 7 5 7 8 2 8 3 f o r d e t a i l s .
planameeting!
Discovery Bay/ByroN Marketing Meeting & Tour 1st and 3rd Tuesday Board Walk Grill at the Marina, Discovery Bay 9:00am • $1 For more information call LeeAnn Seamann 634-2224 at Marples & Associates Group does use Paragon to schedule homes on tour. Tours are Caravan and must be in by Noon on Monday. Oakley/Bethel Island/ BRENTWOOD/KNIGHTSEN Marketing Meeting & Tour Every Wednesday Black Bear Diner, 3201 Main Street, Oakley • 8:30am • $2 For more information contact Dan Barnes, Tour Coordinator, 759-4648. Group will use Paragon to schedule homes on tour.
CONTRA COSTA REALTORS® IN MOTION CONTRA COSTA NORTH Martinez, Pacheco, Pleasant Hill, Concord, Walnut Creek, Clayton, Clyde Every Tuesday 8:30am • $10 Centre Concord, 5298 Clayton Rd., Concord Doors open at 8am for breakfast www.ccrim.info
marchtours
ANTIOCH/PITTSBURG/BAYPOINT Every Tuesday Delta Associatioan of REALTORS® 3428 Hillcrest Avenue, Ste. 200, Antioch 8:30am • $2 For more information call Ramesh Suman, Majestic Homes, 779-1234, or Ralph Garrow Jr., Ralph Garrow Real Estate, 366-6676
REALTORS® MARKETING ASSOCIATION CONTRA COSTA SOUTH Danville, San Ramon, Blackhawk, Diablo, Alamo Every Thursday San Ramon Community Center, 12501 Alcosta Blvd., San Ramon 8:30am • $5 Doors open at 8am for breakfast No formal tour www.RMAtoday.com
INFORMAL TOURS Martinez, Pacheco, Pleasant Hill, Concord, Walnut Creek, Clayton,Clyde, Rossmoor, Orinda, Lafayette, Moraga Tuesday between 9:00am and 2:00pm Danville, San Ramon, Blackhawk, Diablo, Alamo Thursday between 9:00am & 2:00pm
Cheri Martinez Coldwell Banker Amaral & Associates 8290 Brentwood Blvd., Brentwood 634-0600 FAX 634-4758 Michael Prullage Coldwell Banker Amaral & Associates 3775 Main St., Oakley 625-5000 FAX 625-4552 Charles Cattaneo, JDK & Associates 50 Eagle Rock Way, Ste: D, Brentwood 418-4442 FAX 888-851-4246 Francisco Gurule Morning Star Properties 3373 Main St., Oakley 679-2100 FAX 679-2373 Jaswant Kumar Prudential California Realty 1269 California Ave., Ste: 102, Pittsburg 432-8100 FAX 432-2050
Alexander Garrow Ralph Garrow Real Estate 1312 A St., Antioch 757-3770 FAX 754-9146 Yolanda C. Mendrek WR Properties 651 First St., Brentwood 634-3100 FAX 634-3190 AFFILIATES Jenny Stenbakken Property I.D. 1981 N. Broadway, Ste: 325 Walnut Creek 626-0106
welcome!
to t he d elta ASSOCI ATI ON OF REALT ORS®
WELCOME NEW MEMBERS
REALTORS® Glenda Walker Carol Gwin Realty 2063 Main St. PMB #130, Oakley 625-5788 FAX 208-439-0990
Members on the move Diane Holmes is now with Deer valley Real Estate at 5172 Boxill Ct., Antioch 755-1178 FAX 755-0770
Christina Jorgensen is now with Donna Mattingly, Broker at 2465 Discovery Bay Blvd., Discovery Bay 597-2555 FAX 226-3123 Tawyna Erickson is now with Homes by Krista at 5149 Lone Tree Way, Antioch 978-9431 FAX 252-8182 Joy Scholtz is now with Homes by Krista at 5149 Lone Tree Way, Antioch 978-9431 FAX 252-8182
ASHI and CREIA Certified
925.628.6905 • Six years inspecting East County houses • Same-day reports • SUPRA lock box access • Fully insured, including Mike and REALTOR® coverage Shawn Stewart • Flexible scheduling • Competitive rates
Click for customer reviews.
Cynthia Alfred is now with Keller Williams at 191 Sand Creek Rd., 100, Brentwood. 634-0033 FAX 634-4427
Maria Bazinet is now with RE/MAX Blue Line at 5005 Lone Tree Way, Ste: C, Antioch, 754-6100 FAX 754-6120 Patricia Silva is now with Realty World Pigati & Russell at 100 Cortona Way, Ste: 150, Brentwood 513-4004 FAX 513-4330
Catherine (Kate) Belbeck is now with Roundup Realty at 4550 Balfour Road, Ste: B, Brentwood 513-0777 FAX 684-2841 Renee Mariani is now with Sasville Properties at 1555 Riverlake Road, Ste:M, Discovery Bay 513-4483 FAX 420-6171
dareducation
EBRDI Paragon Training Free to MLS Subscribers Steven Pean, Instructor Wednesday, March 28, 2012 9:00am – 12:00pm Paragon 5 Essentials (Lecture) Membership Meeting To register call EBRDI at 363-2333 Topics: Industry Update; Foreclosure Radar, with Michelle Or logon to EBRDI.com Lenahan and much more New Members Orientation Tuesday, March 20, 2012 Wednesday, April 11, 2012 1:00pm – 2:15pm To reserve your seat call DAR at 8:30am – 12:00pm To register call DAR 757-8283 757-8283 New Members Orientation Wednesday, March 14, 2012 8:30am – 12:00pm To register call DAR 757-8283
Legal Update Gov Hutchinson, C.A.R. Assistant General Counsel Thursday, April 19, 2012 9:00am – 11:00am To reserve your seat call DAR at 757-8283 All Classes are held at the Delta Association of REALTORS®, 3428 Hillcrest Ave., Ste: 200, Antioch, except as otherwise noted.
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Day at the Races Golden Gate Fields • Friday, MAY 25, 2012 BUS LEAVES DAR 10:30am •
$
55 per adult
GATES OPEN AT 11am. Includes Charter bus trip, admission, reserved Turf Club seating, daily racing program, Prime Rib buffet meal, and a race named in honor of our group. CALL DAR AT 925.757.8283 TO reserve your seat! Must have payment at time oF registration. no refunds after May 11. FOR INFO CALL RICH GRIJALVA AT 925.754.6000.
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Mike and Shawn Stewart, National Property Inspections
Why install a Carbon Monoxide Detector?
Effective July 1 2011 carbon monoxide detectors are required in residential dwellings in California. Do you know why? What is carbon monoxide? Carbon monoxide or CO is a colorless, odorless and tasteless gas. Due to this fact, it is very hard to detect the presence of CO in your environment. It is, however, imperative that the CO levels in your home are carefully monitored. Even at relatively low levels, CO is poisonous because it rapidly accumulates in the blood thereby depleting its ability to carry oxygen. Extreme cases of CO poisoning result in death. At what level does carbon monoxide become toxic? According to the CO exposure chart, with exposures at 1 hour: 0-9 ppm* CO No health risk; normal CO levels in air. 10-29 ppm CO Problems over long-term exposure; chronic CO problems such as headaches, nausea; not the most dangerous level. 30-35 ppm CO Flu-like symptoms begin to develop, especially among the young and the elderly. 36-99 ppm CO Flu-like symptoms among all; nausea, headaches, fatigue or drowsiness, vomiting; most CO detectors sound off here. 100 ppm + CO Severe symptoms; confusion, intense headaches; ultimately brain damage, coma, and/or death, especially at 300 to 400 ppm+. *(parts per million) Regularly inspect fireplaces and chimneys to insure proper ventilation. Never use a gas or charcoal barbeque indoors. Never start a car or gas powered lawnmower or snow blower in a closed garage. Install a carbon monoxide detector in your home. For additional information visit http://www.chinesedrywall. com/. Or ontact Mike Stewart, CCI, National Property Inspection, at 925-768-7818 or npidelta@sbcglobal.net. Mike is a CREIA Certified Inspector, ASHI Certified Inspector. Left: Mike and Shawn Stewart
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yourcalendar
March
8 Local Government Relations’ Committee
11:30am - 12:00pm
March
13 Business Technology Committee
10:00am - 11:00pm
March
13 Public Relations Committee
1:30pm -
March
14 New Members Orientation
8:30am - 12:00pm
March
15 Strategic Planning Committee
2:00pm - 3:30pm
March
15 Executive Meeting
12:00pm
March
16 Bowling Tournament
2:00pm - 6:00pm
March
16-20
March
20 Delta Realtor Community Service Foundation
1:30pm - 2:30pm
March
22 DAR Annual Membership Meeting
12:00pm - 1:00pm
March
27 Budget & Finance Committee
10:00am – 11:30pm
March
27 Education/Membership
2:00pm - 3:00pm
March
28 Bylaws Committee
10:00am – 11:00am
March
29 Board of Directors
9:00am - 11:00am
April
5 iPad Class
11:30am – 1:30pm
April
6 Good Friday • DAR Closed
April
10 Business & Technology Committee
10:00am – 11:00am
April
11 New Members Orientation
8:30am – 12:00pm
April
12 Local Government Relations’ Committee
11:30am - 12:00pm
April
13 WCR Estate & Wealth Management Seminar
April
17 Membership Committee
10:00am - 11:00pm
April
17 Delta Community Service Foundation Board
1:30pm -
April
19 Installation Committee
10:00am – 11:00am
April
19 Executive Committee
12:00pm -
April
19 Strategic Planning Committee
2:00pm -
April
24 Budget & Finance Committee
11:00am -
April
24 Education Committee
2:00pm -
April
25 ByLaws Committee
10:00am - 11:00am
April
26 Board of Directors
9:00am - 11:30am
April
26 Craigslist Class (brown bag lunch)
11:30am -
2:30pm
AE Institute • Louisville Ky
East County Insurance Agency, Inc. Antioch 925 757 4208 2738 B W. Tregallas Rd. Brentwood 925 240 1330 6440 Brentwood Blvd. All personal and commercial lines www.eastcountyins.com
2:30pm
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1:30pm 3:00pm
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Must meet REALTORS® Federal Credit Union (RFCU) membership eligibility. Membership requires opening and maintaining a primary share savings account with a $100 minimum balance. Rates, terms, conditions and services are subject to change. RFCU savings are federally insured by the National Credit Union Administration (NCUA). *No monthly service fee. Other fees may apply. Please refer to the Schedule GF1101 of Fees and Charges at REALTORSFCU.ORG for details.
YOUR FEES ARE DUE AT TIME OF SIGN UP. NO REFUNDS AFTER MARCH 8, 2012.
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MEMBER SPOTLIGHT: Aaron Meadows
Realtor® Aaron Meadows Broker Owner, Coldwell Banker Amaral and Associates Aaron joined the Delta Association in 1998. He obtained his Broker’s license in May of 2001 and acquired the Coldwell Banker Amaral and Associates franchise soon thereafter. It wasn’t long after that he became involved with the Delta Association of REALTORS®, first as an appointee to the Board of directors, and then as treasurer, PresidentElect and President in the year 2007. He currently is chairperson of the Local Government Relations committee at the Association. He serves as Treasurer on the board of directors of East Bay Regional Data, Inc., the regional MLS providing MLS data to Delta Association members. Aaron is a lifelong Oakley resident. He graduated from Liberty High School and went on to St. Mary’s College, where he played football as a fullback. He and his wife Amy have two children, Anthony and Isabella, who receive plenty of attention from their Mom and Dad.
In addition to his active residential business, Aaron’s other companies include Coldwell Banker Commercial, A. Meadows Property Management, and A. Meadows Construction, a company involved in residential rehab and maintenance. Aaron effectively utilizes the talents of agents that are licensed with him to be involved in the operations of his various companies. Besides his devotion to his family, his interests include investing and building his personal real estate portfolio. He enjoys travel, but doesn’t get far, mostly camping and going to the Santa Cruz beaches, with an occasional Tahoe trip. Aaron claims that he doesn’t have any hobbies, but it looks like kids and family top the list. He says he really loves working out, that is, when he can. He has served the Delta Association of Realtors® in many capacities: committee chairs, Treasurer, and President. His high level of sponsorship of the recent Delta Installation of Officers event helped to make the luncheon a profitable event. The Delta Association is appreciative of Aaron Meadows. He has shown to be an unselfish contributor of his time and his commitment to improve the association.
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