Posts Tagged ‘Intero CEO’

Intero International Franchise Services, LLC. opens Intero Hong Kong

By Teressa Francis | February 7th, 2011 0 Comments

Leading brokerage company further expands presence in Asia-Pacific region

CUPERTINO, Calif. — Intero International Franchise Services, LLC, announced the opening of its first office in Hong Kong, solidifying its presence in the Asia-Pacific region. This is the first Intero© owned office outside of the United States.

Intero U.S. Realtor Kenny Lo will head the new office, located at the One International Finance Centre at 1 Harbour View Street, Central, in Hong Kong. Lo has served Intero real estate clients since 2009 with dedication and integrity, attracting investors from Hong Kong and across the Pacific region to U.S. residential and commercial properties.

Robert Moles, chairman of Intero, said, “A number of Hong Kong investors are already waiting to take advantage of opportunities in U.S. and Bay Area real estate markets in particular. The Asia-Pacific region’s economic growth, high real estate prices and rising currencies relative to the U.S. dollar have created a lot of interest in U.S. properties.”

“Expanding the Intero brand in the Asia-Pacific region is important to the brand’s reputation as a global leader,” said Intero CEO Gino Blefari. “Kenny Lo is a perfect representative – a stellar Intero agent, working directly from Hong Kong, bridging the Pacific divide. Hong Kong investors will now have knowledge and access to real estate markets throughout the Bay Area.”

Lo said, “We have several active real estate deals already in progress with Hong Kong investors and U.S. properties. I’m proud to be a pioneer for Intero Hong Kong.”

The opening of Intero Hong Kong follows the recent launch of the Intero Shanghai license with Global Gate Property Corp (“GGP”). GGP is an international real estate group, who works with investors seeking to gain exposure to real estate investment opportunities.

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Intero Insider: Time to take a close look at the homebuyer tax credit

By Gino Blefari | August 14th, 2009 0 Comments

The much talked about American Recovery and Reinvestment Act of 2009 – otherwise known as the “Home buyer tax credit” – expires on December 1, 2009.

That’s just a little over three months from now – not much time when you consider that the average buyer takes six to eight weeks just browsing online for homes before even contacting a Realtor.

What’s more, we are seeing increasing signs of a market bottom. According to Altos Research, a firm based in the Silicon Valley that tracks real estate data, median sales prices for San Jose, Saratoga, Los Gatos and Cupertino all increased in the first week of August.

At Intero, we sold more than 900 homes in July – a one-month record for our company.

My point: If you are thinking at all about buying, now’s the time to take a good look at the tax credit program to see if it makes sense for you.

The National Association of Realtors offers a comprehensive guide to the tax credit on their website, but here’s a quick overview:

  • The credit is equal to 10% of the purchase price of the home, up to $8,000.
  • First-time homebuyers who purchase homes between January 1, 2009 and December 1, 2009 are eligible. To be a “first-time home buyer” you or your spouse may not have owned a residence during the three years prior to your purchase.
  • Single buyers with incomes up to $75,000 and married couples with incomes up to $150,000 may receive the maximum tax credit.
  • The credit does not need to be repaid if you occupy the home you buy for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

Do your homework. Get advice from a legal or tax professional if you need it. But don’t let this landmark program expire without taking a closer look.

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