OUR OBJECTIVES
Our objective is that through our commitment, experience, and expertise Northstar
Group Realty will establish a business relationship with our customers that we hope
will last a lifetime! Customer Service is our highest priority and although many
people say the words, we really take them seriously!
These are our specific objectives:
TO BUYERS:
We will strive to listen to the criteria communicated to us by potential Buyers, and
diligently seek out the best possible properties that meet all that criteria,
negotiating for them the best possible price, finding them the most value for the
money, and representing them throughout the entire purchase process: from
referring them to Lenders who will also represent their best interests, through the
negotiation process, and all the way to the closing.
TO SELLERS:
We will strive to obtain the highest possible price and in the fastest possible time.
We will aggressively market and advertise all properties entrusted to us as if they
were our own. We will always be available to answer calls, questions, and show
the property 7 days a week. We go above and beyond what is normally expected
and practiced in the Real Estate profession.
TO INVESTORS:
We will strive to find the best possible opportunities that will not only bring the
highest possible returns on Investment and highest income potential, but those
properties that will also hold their value in fluctuating market trends. We will find
properties that not only appeal to an Investor from an income standpoint, but those
that will appeal to the general public as potential renters as well.
OUR ROOTS
Founded by Mike Pentel, Northstar Group Realty is located in Centennial, CO, a
suburb of Denver. We have resided in the Denver metro area since 1978, having
come from Minnesota, the North Star State, hence our name. We got our start by
creating and operating a remodeling company in Minnesota, then here in Denver,
called Northstar Painting and Remodeling. In 1980 we began buying HUD homes
and other fix-up properties to renovate and resell. We became very successful at
this business and along the way have developed a phenomenal network of
contractors in every trade with whom we have built strong relationships because of
their level of professionalism, skill, honesty, and reasonable pricing.
OUR SUCCESS
As we became more involved in the purchasing and renovation of Real Estate, we
transitioned from for-hire contractors doing piece-work for individual homeowners,
into more private Investors involved in purchasing, renovating, and selling
properties for a profit. This became such a great success that in virtually every
neighborhood we bought into, we not only realized significant profits, but we broke
the record for the highest-priced homes that have historically sold! Because of our
sales background, we sold many of these projects ourselves, but because we did
not have access to the MLS (Multiple Listing Service) we had to find the bargains
ourselves or else rely on Realtors to find them for us, most of whom were not
familiar with the market and did not operate at a high level of competence and
honesty!
OUR MOTIVATION
We found that most Real Estate "professionals" lacked adequate knowledge of the
market, were incompetent in their ability to negotiate and market properties, lacked
such basic skills as communication and current technology (such as computers & fax
machines, graphic design capability, and even cell phones!), and in general were
nowhere to be found at any given time, especially on weekends, and that it
sometimes took days to get a return call! In short, this was appalling! So we lived
by the old adage that "If you want something done right...do it yourself!" When we
entered the arena of full-time professional Real Estate practice we wanted to
provide the highest level of representation and professionalism to our clients and
friends. We take this business very seriously because purchasing a home or
investment property will be the most valuable physical asset anyone will acquire in
their lifetime, and a Realtor could be the only thing making the difference between
financial success, or foreclosure and bankruptcy and all the economic and emotional
consequences!
During the 1990's the Denver housing market became one of the strongest and
most desirable in the country, and by the mid 1990's the average home in Denver
was about $100,000 higher than the national average. By the late 1990's the
Denver housing market was one of the hottest markets in the nation, and housing
inventory tripled in just 2-3 years and remains as strong today. It was at this time
that we again changed our focus from the blue-collar world of renovations, to the
white-collar world of Real Estate practice. This was because of two primary factors:
first, our physical bodies were reminding us that we could not continuously do the
things we could do 10 years earlier without feeling the effects; and second, we built
up so large of a contact base who also wanted to become involved in renovation
and investment, that we began to concentrate our efforts on helping others get
started and become as successful as we have. Hence the development of Northstar
Group Realty! We wanted to help others get started and achieve the same success
and satisfaction that we experienced, not just financially, but also in knowing that
we were leaving our corner of the world a better place both physically and
economically in the form of better properties and higher values.
OUR EXPANSION
Because of the great demand and interest in Real Estate Investing and renovations,
in the year 2000 we formed an informal group of people called Northstar Investment
Group. This group consists of many first-time Investors as well as experienced
repeat customers who regularly purchase various types of properties to either fix up
and resell, or else to hold for income and investment. Unlike most other investment
groups, ours is absolutely FREE to join and participate in, and in addition we have
written and printed a comprehensive booklet of very useful and practical information
about making money in the Real Estate market, which is also completely FREE!
There are no memberships to purchase, no literature to buy, no commitments to
make and no dues to pay! If you want to become involved in the rewarding world of
Real Estate Investing & Improvement, then you're in!
OUR TRAINING AND EDUCATION.........GRI, CRS
You may note several series of initials following the names of many Real Estate
Professionals. What do these mean? There are several specific designations
earned by and awarded to Realtors who have completed a prescribed curriculum of
advanced classroom education and training, and who have distinguished themselves
by performing at a top level of production in terms of a required amount of
successfully closed transactions. The two most distinguished and most difficult to
obtain are called the GRI and the CRS. We have obtained both of these prestigious
designations:
GRI---Graduate Realtor Institute
The Graduate REALTOR® Institute (GRI) symbol is the mark of a Real Estate
professional who has made the commitment to provide a high level of professional
services by securing a strong educational foundation. REALTORS® with the GRI
designation are highly trained in many areas of Real Estate to better serve and
protect their clients. GRI designees must complete a curriculum of no less than 15
full-day classes covering such topics as Ethics and Professional Practice, Listing
Contracts, Selling Contracts, Brokerage Relationships, Advanced Law, Finance,
Appraisal, Investments, Taxation, Marketing, Emerging Technology Applications, and
more. Exams must be passed in each individual class in order to receive credit and
advance. So it's more important than ever that you work with an agent who has a
keen understanding of the ever-changing Real Estate business. The GRI program
has helped the best and the brightest in the industry achieve that level of
understanding. Only a fraction of all Realtors have applied themselves to obtain the
GRI Designation. WE HAVE!
CRS---Certified Residential Specialist
The Certified Residential Specialist (CRS) is the highest Designation awarded to
sales associates in the residential sales field. The CRS Designation recognizes
professional accomplishments in both experience and education. Since 1977 the
Council of Residential Specialists has been conferring the CRS Designation on agents
who meet its stringent requirements. In order to obtain the CRS Designation,
Realtors must successfully complete at least 8 full-day classes covering topics such
as Listing Strategies, Buying Strategies, Marketing Strategies, Contracts,
Technology, Customer Service, Investments, and more. But that's not all! CRS
Designees must also consistently produce at the highest level of success, closing a
minimum of 75 transactions and/or a sales volume of at least $25 million dollars
within a 5-year period. We are extremely proud to say that we have not only
exceeded these production levels, but we accomplished it in LESS THAN HALF THE
ALLOTTED TIME--2 YEARS! In Colorado alone there are 50,000 Realtors, but
currently there are only about 34,000 active CRS Designees nationwide. Less than
4% of all Realtors ever achieve the CRS Designation! We are one of the 4%!
OUR AFFILIATIONS
We are affiliated with Metro Brokers Inc., one of the top 3 franchises in the Denver
Metro Area. Metro Brokers is also Colorado's only statewide, Broker-owned Real
Estate network. For more than 27 years, Metro Brokers have been helping buyers
and sellers in communities across the state make the most of their Real Estate
transactions. In addition we are members of several other Real Estate boards and
associations, each having their own standards of practice, codes of Ethics, and
periodic continuing education requirements in order to maintain active membership
status:
- National Association of Realtors
- Colorado Association of Realtors
- Aurora Board of Realtors
- Council of Residential Specialists
OUR STAFF
Mike Pentel is the managing Broker and owner of Northstar Group Realty. He has
lived in the Denver metro area since 1978. He has been involved in Real Estate
Investments and renovations since 1980. Previously he had also started and
operated Northstar Painting & Remodeling, specializing in "Fix-and-Flips," buying
distressed and foreclosed properties, then renovating and selling them; both for
himself as well as a group of clients. This group has evolved into Northstar
Investment Group, an informal group of many regular Investors making money in
Real Estate Investing and renovating. Five years ago he has transitioned away from
the Blue-Collar world to the White-Collar world of full-time Realtor, devoting all his
time to Buying and Selling properties for our clients, while our group of construction
and subcontractors does almost all of the physical work when necessary.
Debra Kline is our office manager. She too has been in the Real Estate Industry
since 1982. She began her career in the back room of a title company, working her
way through the ranks and performing every function involved in Title Insurance,
Title Commitments and closings for several different Title Companies until finally
becoming chief Closer and Branch Manager for LandAmerica Commonwealth Title
Company in Aurora. She now does all of our closing presentations herself right in-
house, and has conducted efficient closings for various companies for over 19 years
for both residential and commercial properties. In addition, she has much
experience and skill in the more difficult arena of foreclosures & REO properties, and
has facilitated closings for Freddie Mac and Fannie Mae Real Estate auctioned
properties. Her vast knowledge, expertise and the long-standing relationships she
has developed with the people behind the scenes such as Lenders, Underwriters,
Appraisers and Processors, as well as her organizational abilities all make her an
invaluable asset to Northstar Group Realty.
DRK Construction is now our primary local licensed contractor that handles almost
all of our renovations, repairs and maintenance on our investment properties as well
as our Go-To Guys for any needs in the Blue-Collar world. That includes anything
from replacing a leaky faucet for a client's listing, to kitchen & bathroom remodels
and basement finishing, all the way up to complete gut jobs and full remodels, which
we are in the process of doing right now for our Investment Client Group. Our crew
is headed by Derrick BeDan, a licensed General Contractor and experienced
renovator in his own right. Along with him is his wife Jennifer who handles the
bookeeping and subcontractor scheduling. In addition we have a licensed
Electrician, a licensed Plumber, and a comprehensive group of highly trained and
skilled tradesmen to assure our properties show the absolute best they can to bring
highest resale value.
ABOUT US
| Northstar Group Realty CRS, GRI co-huds.com 303-257-8000 |
| Northstar Group Realty www.co-huds.com Direct: 303-257-8000 Fax: 720-596-5555 Email: mike1realtor@msn.com |
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