Accomplished expert Patrick Tenore has attained more than a half billion in personal sales

With his charming persona and unequaled industry expertise this O.C. agent is June's hottest commodity

Patrick Tenore Sr

From quaint cottages, to beachfront casitas, to the estates of Newport Coast, real estate specialist Patrick Tenore is a seasoned expert at helping people throughout Orange County find the homes of their dreams. For nearly 34 years, this dedicated professional has engaged in his passion by pursuing families' needs, not just price ranges, from those . Patrick Tenore seeking first homes to estates worth as much as $27 million.

Tenore is the founder and president of Nationwide USA which is based in Newport Beach with 20,000 affiliate member locations and 250,000 affiliate member agents nationwide to serve his clientele. He was formerly the No. 1 commissioned agent internationally for Re/Max Realtors, the largest selling real estate firm in the nation, and No. 2 in volume. It's no surprise then, that Tenore consistently earns the respect and referrals of many satisfied clients and brokers. With his engaging personality and unparalleled industry knowledge, Tenore's roster of clients includes many of Hollywood’s elite, along with professional athletes and major recording artists who appreciate his results-driven work ethic, demanding honesty, integrity and commitment to discretion when working with high-profile clients.

An avid real estate investor himself, Tenore makes it a practice to purchase at least one investment property a year, and his impressive portfolio includes properties from coast to coast. All the more reason clients have come to rely on his advice and expertise. He practices what he preaches. Tenore has been recognized throughout his stellar career, nominated Negotiator of the Year and has received the Life Membership Award from the Realtors Political Action Committee.

To date, Tenore has personally amassed more than a half billion in personal sales, without including any teams or assistants' sales volumes. When asked, he says he attributes his unsurpassed success to an in-depth knowledge of the housing market, foreclosures, negotiating skills, over-performing and personal service "Today, a home purchase is much more than simply a place to live, it's a serious investment as well. I am highly committed to securing the highest return on my clients' investments," Tenore said. “A successful sale at top dollar will require more than simply placing the property in the multiple listings, on the Internet and passing out fliers." The big difference in Tenore’s transactions is Tenore himself. When not talking shop, Tenore can be found happily working in his garden, or pursuing his spare time hobby as corporate manager for local former heavyweight boxing champion of the world, Ken Norton.

Tenore’s background in marketing has been instrumental to his success; his negotiating and selling expertise is second to none and his people skills are exceptional. "I have been No. 1 in the nation, but it is certainly not about that. It is only about the customer being No. 1, always," Tenore commented. Whether you are looking for your first home, an investment property, your dream estate or seeking a buyer for your home, Tenore has the experience, tenacity and dedication needed to help you to achieve your real estate goals. His goal has always been to help other to receive more of what they truly can in life and their real estate transaction, and to always over perform.

For more information, call Patrick Tenore, president of the Tenore Real Estate Group and Nationwide USA at 949.856.9705.

Is now the right time for you to buy?

Patrick Tenore advises potential home buyers on purchasing a home or property in the current market.

Don’t buy now unless...
It is a fact that many homeowners should hold on to their property for the moment. Others should hold off on buying. The question is how do you know when you should buy? With all of the media attention real estate and mortgage has been getting, some people may think it is even crazy' to buy in this market. Patrick Tenore sr, a 33 year seasoned real estate specialist has a standard of telling his clients the truth. Why? “Because we have clients for life,” Tenore said.

The answer is not to buy now unless you can do any of these five things and you can:

1. Get 1995 prices today? Some buyers may be waiting (even too long) for prices to come down. But what if you could get previous year’s prices- today? Some sellers are still over-pricing their homes, but there are also plenty of motivated sellers and banks. The challenge is finding them. Working with Tenore will allow you to buy a home at a lower price ahead of the market trend.
2. Benefit from the winter season. No matter what the market is doing, the winter season is always a great time to buy. People get busy and distracted with the new year leaving sellers with fewer buyers. That means that those who do buy will have even more leverage with those that need to sell, and can often negotiate the best prices.
3. Determine the benefits of buying vs. leasing. If you are looking at a home purchase as a place to live, and not just a replacement for your 401K, then there are always benefits to home ownership. The question is when do the benefits of buying outweigh those of.leasing? There is an answer. Calculations can be made based on your particular situation that will give you a very clear view on whether leasing or buying is the best choice for you. Tenore can walk you through these calculations that will help bring this answer to light, and then help you find your next home to buy, sell, lease, and finance.
4. Capitalize on confusion. Fortunes are made in times of turmoil. Many investors and savvy home buyers are already reaping heavy discounts on property through motivated sellers, foreclosures and short sales. Tenore is a skilled real estate veteran at helping clients on both sides of these transactions. Be the first to know about these opportunities in buying now - and selling! Call for a list of Orange County hot properties, best buys, short sale, and foreclosure properties and homes that are not in the MLS.
5. Lock in or refinance to a low fixed rate mortgage. Historically, falling interest rates drive home prices higher. The opposite can also be true. The great news is that we find ourselves at an interesting stage in the market — interest rates are still extremely low and there are many opportunities to buy homes below market value. Now is a great time to take advantage of this rare occurrence and lock in a low fixed rate. Tenore can also help you arrange your financing needs for a purchase or refinance. Remember, opportunities are never lost, they are just given to other people.

For more information, call Patrick Tenore Sr, president of the Tenore Real Estate Group and Nationwide USA at 949.856.9705.

16 Mistakes Sellers Make When Listing Their Home

The Internet is a wealth of information, with literally thousands of real estate professionals offering their advice and expertise on a multitude of subjects. The following tips have been gleaned from dozens of websites and tip compilations, and offer solid solutions on how to avoid the most common mistakes...

1. Pricing Your Home Too High Solution: A Real Estate professional can research comparable sales in your area and advise you of the appropriate price range of your property.
2. Taking an Inflexible Position on Financing Solution: Have your Agent explain what financing options are available. Being flexible on financing terms may secure a better selling price, with other advantages as well.
3. Errors in Market Tinting Solution: Ask a real estate professional to determine whether the market cycle is poised to net you the most money.
4. Not Providing Easy Access for Showings Solution: There are many ways to show a home. ‘Appointment only’ is the most restrictive, lock boxes (keysafes) are the most accessible. If your home is easy for agents to show, more prospective buyers will see it, improving your odds of getting the deal you want. However, your specific life-style may not be compatible with frequent showings. Your professional will help you determine a solution that will best fit your situation.
5. Not Utilizing Current Marketing Technology Solution: Make sure your agent is up with the latest technology, such as internet sites that cater to home buyers. Check around to see what technology is being utilized in your specific area. In some areas cable access advertising is popular. Others use 800 number interactive voice response systems. A good agent will know where you can get the best exposure.
6. Not “Staging " Your Property Correctly Solution: Put some items in storage, create more light, play music or otherwise improve the “ambience.” Your agent can offer helpful advice to create the right first impression.
7. Believing That Selling Property is Seasonal
   Solution: Don’t base selling decisions on the seasons. Property sells year round.
8. Pricing Your Property Too Low
   Solution: One reason to hire a real estate professional is to make sure that no money is left on the table.
    
9. Not Re-evaluating the Market Plan
   Solution: Re-evaluate your agent’s marketing plan every 10 days. You and your Realtor may need to make intuitive changes based on the current market and buyers.
   
10. Believing Your Agent is Not Doing the Job When There Aren’t Any Offers Solution: Most sellers are unaware that 80% of all buyer activity comes from the sign and MLS-Any agent can provide that. So if you don’t have a problem showing the home, but it hasn’t generated any interested buyers, it may be time to re-evaluate the price.
    
    
11. Ignoring the Importance of First Impressions Solution: Sales have been blown by unkept lawns, cluttered closets, unpainted front doors, hard to work locks, blown light bulbs, bad colors, stains, unlit areas and bad smells. Spend time on the little things. Double up on your gardening, keep things cleaner than usual. Take serious control of your pets during this period.
    
    
12. Not Making the Right Kind of Repairs Don’t be tempted to make improvements prior to listing without consulting a Real Estate professional. Some upgrades will not yield any real increase in value, while others may increase property value substantially.
    Solution: Ask a real estate professional to suggest low cost solutions to minor repairs that will yield the best profits.
    
13. Not Giving the Sales Effort Enough Time Solution: You should never give too little time to what is inherently a long process. Homes may take 3-6 months to sell, in any market. Estimate how much time you have before you need to sell and then plan ahead to allow extra time. You don’t want to be forced to accept a disappointing offer.
    
14. Not Screening Prospects Adequately Solution: One of the best reasons for hiring a Realtor is their ability to pre-qualify a prospect financially before valuable negotiation time is lost. More importantly, your agent may discover when a prospect has an ulterior motive for shopping homes, other than purchasing.
    
15. Believing You Can’t Make a Difference
    Solution: The top agents in the industry report that sellers themselves are responsible for at least one out of ten sales! You can network your business and personal friends, you can hand out flyers at your place of business and elsewhere, and you can keep the house in “move-in condition.” Your professional Realtor should be ready to hand you all sorts of assignments to make the “team effort” successful.
    
16. Testing The Market
    Solution: Never put your property on the market unless you really want a sale! Get ready for a professional sales push when you list with a great agent. If your plan harbors some indecision, resolve it before you list, because success is every great Realtors objective!

Patrick Tenore Sr

President/Real Estate Specialists

1300 Bristol St. North #100 Newport Beach, CA. 92660

www .patricktenore.com email: patrick@patricktenore.com

Top 10 Reasons why it's a great time to buy REAL ESTATE!

Patience is tolerated:

In the hot setter's market that existed everything was rushed. Find a house before other buyers did. Hurry up and make the offer. Today a buyer can take their time, look at several homes and think about your decision for a few hours.

Location, location, location:

Today's buyers can find homes closer to work. In the past buyers flocked to further out places in order to find affordable homes. In this market, reasonably priced homes are within biking or walking distance to schools, rapid transit lines, and relatives.

Selection, selection, selection:

There are about 57,000 resale homes on the market. Regardless of the price range a buyer desires, there are plenty of houses from which to choose. Just a few years ago the resale inventory dropped below 5,000 units. A buyer was forced to make compromises if they were going to locate the home of their dreams. There is a great selection of attached homes, condos, and townhouses. You can find large lots, small lots, and a lot that will accommodate your boat or RV. There are lots of options in this market.

No bidding wars:

In 2005 we had one client that made an offer on ten homes. They lost the first nine to the 'feeding frenzy' that existed. Other buyers bid the properties up substantially from the original listing price. There were escalation clauses where buyers authorized their agents to outbid other offers by thousands of dollars. There is no competitive bidding in this buyer’s market.

There are plenty of specs:

In the not too distant past buyer had to 'play games' if they wanted a new home. There were lotteries and waiting lists in order to obtain new construction. Some buyers slept in their cars in order to get to the head of the lines. R.L. Brown estimates that builders have thousands of specs ready for immediate occupancy.

You can make an offer:

A few years ago when you made an offer, the only question was how high above the list price could the buyer reach in hopes of being the best offer on the table. Today the sell price list vs. price ration is about 96%. A seller will not be insulted if you 'make them an offer they can't refuse'.

Due diligence is welcome:

In this market a buyer is encouraged to obtain a home inspection, termite inspection, and appraisal. In 2005 many buyers waived these contingencies in order gain an advantage with multiple offers.

Repair requests are welcome:

After a buyer completes a home inspection, they are allowed to submit a repair request to the setter. In the past a setter might insist the home was sold 'as is'. Many times, there were back-up buyers waiting for a primary buyer to upset the setter whose home was increasing in value almost daily.

Few if any investors:

It is estimated that one third of all sales in 2005 were to investors. These non-owner occupied buyer caused the market to inflate and affordability to decline. Mortgage fraud became commonplace. It's a great time to buy without having to compete with hundreds of prospective landlords.

Real financing is available:

The 'wink, wink' zero down, no doc, adjustable, sub-prime loans are gone, fixed rates are back. FHA financing, first time homeowner bond programs, special loans for teachers, and police officers are back in business. It’s a great time to buy real estate! A home is much more than a way to accumulate wealth, it's a place to enjoy your lifestyle and your family. What other investment can claim that?

Real Estate Area Specialist

Patrick Tenore Sr

Irvine’s Best Community Buy! - SHADY CANVQN IRVINE CALIFORNIA

Luxury homes available in Shady Canyon! Be one of the few lucky home owners to reside in the exclusive Shady Ranch Community, one of Orange County’s most sought-after communities in Orange County. 

Shady Ranch includes over 16.000 acres of beautiful natural landscape with approximately 400 exclusive homes and sites with elaborate architectural detail. The community also boasts a luxurious clubhouse, tennis courts. Junior Olympic swimming pool spa and multiple extensive walking trails. Shady Canyon also sets next to the ever-so-popular Strawberry Farms Golf Course that has the challenge of true championship golf and hosts many charity tournaments. The serene setting is so tranquil and soothing it is a popular celebrity destination. My clients enjoy the serenity.

Currently available homes range between $4,685,000 - $15,000,000

Real Estate Area Specialist

Patrick Tenore Sr
36 Years Servicing ALL of Orange County. Nearing $1 Billion sold personally (No “team" volume.) We have more homes in OC NOT in MLS. Virtual tours & more homes at www.PatrickTenore.com Former #1 Agent Internationally for RE/MAX Realtors

Looking Property? - Don't buy now UNLESS!

It is a fact that many homeowners should hold on to their property for the moment. Others should hold off on buying. The question is how do you know when you should buy? With all of the media attention real estate and mortgage has been getting, some people may think it is even crazy to buy in this market.

Patrick Tenore and Laura Holder have a standard of telling their clients the truth. Why? “Because we have clients for life”, Tenore says. The answer is not to buy now UNLESS you can do any of these 5 things:

1. Get “2008 Prices” Today Some buyers may be waiting for prices to come down, but what if you could get next year's prices today? Some sellers are still over-pricing their homes, but there are also plenty of motivated sellers. The challenge is finding them. Working with Patrick and Laura will allow you to buy a home at a price that is ahead of the market.
2. Benefit from the Holidays
   No matter what the market is doing, the holidays are always a great time to buy. People get busy and distracted with the holidays leaving sellers with fewer buyers. That means that those who do buy will have even more leverage with those that need to sell, and can often negotiate the best prices of the year.
3. Determine the benefits of buying vs. leasing If you are looking at a home purchase as a place to live, and not just a replacement for your 401K, then there are always benefits to home ownership. The question is when do the benefits of buying outweigh those of leasing? There is an answer. Calculations can be made based on your particular situation that will give you a very clear view on whether leasing or buying is the best choice for you. Patrick and Laura can walk you through these calculations that will help bring this answer to light, and then help you find your next home to buy or lease.
4. Capitalize on Confusion
   Fortunes are made in times of turmoil. Many investors and savvy home buyers are already reaping heavy discounts on property through foreclosures and short sales. Patrick Tenore Sr and Laura are skilled at helping clients on both sides of these transactions. Be the first to know about these opportunities. Call for a list of Orange County short sale and foreclosure properties today.
5. Lock in or Refinance to a low fixed rate mortgage 
Historically, falling interest rates drive home prices higher. The opposite can also be true. The great news is that we find ourselves at an interesting stage in the market - interest rates are still extremely low AND there are many opportunities to buy homes below market value. Now is a great time to take advantage of this rare occurrence and lock in a low fixed rate. Patrick and Laura can also help you arrange your financing needs for a purchase or refinance.

---- Patrick Tenore Sr --