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Commission Conundrum with Luxury Real Estate

by Roberta Murphy A year or so ago, real estate circles were abuzz with argument and discussion about the pros and cons of discount real estate services and commissions. Discounter Redfin had opened with one agent in San Diego, and their CEO Glenn Kelman promised that real estate discounters would turn the real estate brokerage business either upside down or inside out (I dont recall which). Beating Kelman at his…

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Witch Creek Fires

San Diego Fires: Coming Home to Ashes

by Roberta Murphy The displaced people of San Diego County are beginning to return home. Most return to standing homes; 1600 or so others are greeted by their nightmares: Homes destroyed by fires. We are just beginning to hear and see stories of people returning to the burned heaps of rubble that were once their homes. They sift through some of the debris and find broken china, perhaps a metal…

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The Witch Creek Fire

by Roberta Murphy I awoke at 4:30 a.m. yesterday morning with a sense of dread, quickly remembering that there is a demon called the Witch Creek Fire raging in the communities around our home in La Costa. It is just one of several mega firestorms raging in San Diego County–but is the one we fear(ed) the most. Monday afternoon, our Reverse 911 system called to inform us we are under…

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The Witch Fire: Nightmare in Rancho Santa Fe

The Witch Fire I awoke at 4:30 this morning with a sense of dread, quickly remembering that there is a firestorm raging in the communities around our home in La Costa. Yesterday afternoon, the Reverse 911 system called to inform us we are under “volunteer evacuation” guidance. We chose to remain home because the fires are distant and the ocean even closer. A half-packed suitcase sits by the bedroom door,…

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Luxury Closet

The Luxurious Closet

by Roberta Murphy In our coastal San Diego luxury real estate market, buyers are almost manic about their closets–and especially the ones in the master suite. Luxury home buyers are most pleased when there are separate closets for each–or if single, closets for the seasons. The compleat closet in the luxury home will be spacious, well lighted and masterfully organized. It is a room where we prepare ourselves to meet…

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Lenders: Pre-Negotiate Your Short Sales

by Roberta Murphy We are trained and skilled negotiators. Give us a chance, and we could probably get hostages released from terrorists, convince a teenager to leave his tongue unpierced (perhaps)–or successfully negotiate a sale leaseback of the Brooklyn Bridge. As competent Realtors, it’s what we enjoy doing, and we are passionate about negotiating on behalf of our clients. Most successful transactions have been hammered out when we account for…

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Sotheby’s Realty Debuts in San Diego

Owners of luxury real estate in San Diego should be celebrating because of the long-awaited arrival of Sotheby’s International Realty. It’s been a long time coming, but luxury listings in San Diego County will now reach the plasma displays at Sotheby’s Auctions throughout the world. Passing by the Sotheby’s real estate desk, an equestrian property in Rancho Santa Fe might tweak the interest of buyers attending a contemporary art sale…

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An Appeal for Credit Amnesty

by Roberta Murphy There is a tsunami of wrecked credit that has only begun to hit the credit reporting bureaus. Many of the victims are those whose FICO and credit scores have been demolished by short sales and foreclosures. With the short sales, or short pays as they are sometimes called, the mortgage lender has agreed to accept less than what is owed on the home–and where more is owed…

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What Do Luxury Home Buyers Expect from their Agents?

by Roberta Murphy This is Part One of an ongoing series about Luxury Home Buyers, their expectations, origins and trends. This first article in the series will look at these buyers and what they expect from their luxury real estate agents. For some reason, I thought market knowledge and keen negotiating skills would head the list for luxury home buyers, but a recent 2007 membership survey conducted by the Luxury…

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A Second Plea–for a Young Widow

Just yesterday afternoon Real Estate Rainmaker Lani Anglin wrote on this blog, and spoke of her grandmother who had sold her home and earthly possessions so she could go help the less fortunate in an African orphanage. This was in response to our underwear plea for children in a Kenya orphanage. Not long after that blog response, April Groves at R.E. Revealed says Lani received word that her younger brother…

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