Sellers and Buyers of real estate in San Diego County have many choices as to the real estate agent and brokerage they choose to represent them. The Masterpiece Advantage is based on the following considerations:
Masterpiece Agents: Masterpiece, led by Peter Lewi, San Diego real estate lawyer employs over 50 highly experienced agents who specialize in diverse areas throughout San Diego County. Often the agent’s area of specialization includes their own neighborhood. They therefore have personal knowledge as to many factors besides the homes themselves such as schools, shopping and other amenities. Whether representing the seller or buyer they are thus very well equipped to either market a home for the seller or identify an appropriate home for buyers.
Search Mechanism: According to the National Association of Realtors approximately 80% of all home buyers begin a property search themselves on the Internet. The Masterpiece website has the most sophisticated and refined search mechanism available in the industry. Buyers are able to focus on any specific area based on a map based search and then narrow the search based on price, size, features and a multitude of other variables. This saves a huge amount of driving around looking at properties that are not suitable and enables buyers and their Masterpiece agent to work together in a very efficient manner.
Short Sales: Short sales will continue to be a significant market segment for the foreseeable future. On short sale listings the work load is divided between the listing Masterpiece agent who handles the marketing, negotiations and all other matters associated with a normal sale of property. These agents are equipped with a Short Sale Check List which informs sellers as to all of the information and documentation which will be required to process the short sale. The submission of the short sale package and short sale lender negotiations are handled by Peter Lewi the Owner\ Broker of Masterpiece who is also an experienced real estate attorney. Having an attorney involved is invaluable in dealing with a host of legal issues including questions of recourse versus non-recourse loans and California anti-deficiency laws. Representing buyers of short sale properties also involves special issues requiring counseling as to timing and expectations connected with short sale purchases. Masterpiece has successfully closed many dozens of short sale transactions.
REO Purchases: Real Estate Owned (REO) sales involve the purchase of properties owned by banks after they have foreclosed. These are “as is” purchase from sellers who know absolutely nothing about the property and thus there is an absence of the normal disclosures obtained from the property owner.
Masterpiece is well versed in counseling buyers of REO properties as to the heightened need for thorough due diligence as to the condition of the property.
Legal Counseling: Masterpiece is owned and operated by Peter Lewi who is an experienced San Diego real estate lawyer. Peter was formerly General Counsel for a local high end real estate brokerage with over 400 agents and also served as San Diego Counsel for Coldwell banker with over 1200 agents throughout the San Diego area. He is a leading authority on residential real estate law and the author of California Residential Real Estate handbook. He has also served as the on camera legal expert on both television and the Internet. Having an attorney at the helm is a tremendous advantage for Masterpiece clients both in terms of creative structuring of transactions when needed, resolution of legal issues that arise during a transaction and the prevention or resolution of any legal disputes.