Low Interest Rates + Low Prices = Another New Homeowner
With interest rates THIS LOW, you have higher BUYING POWER. This means you can buy a higher priced home and still qualify for your loan. Talk with your lender (or I can offer a lender referral) to get pre-qualified and then let’s get together. There are still...
Buying Unfinished Homes
Unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If the El Segundo home you are looking at has plans for a garage, you can save thousands if you decide not to go with the garage. Unfinished homes may have other planned on additions as well, in which you can save a lot of money just by leaving them out.
Always try to talk to the builder if possible and share your ideas of what to complete and what not to complete. If you are planning to get a mortgage, most banks will need to ensure that the home is up to local codes and in living condition. If the home is lacking quite a bit in terms of being unfinished, most banks won’t give you a mortgage. Most banks are also known to turn down unfinished home mortgages that they feel will have trouble selling in the event that you default. Banks have strict requirements when it comes to unfinished homes, which is why you should always check with your bank before you invest in an unfinished home. In most cases you can save a lot of money and still get a home that will provide years and years of memories for yourself and your entire family.
Short Sales – The New Normal!
SHORT SALES: TOP 9 MYTHS DEBUNKED! I have been doing short sales for 3 years. All of my short sale listings have closed and the sellers have avoided foreclosure. But there is some confusion .. so here are some answers to clarify what you may or may not know about...
SOUTH BAY REAL ESTATE
The South Bay area Los Angeles, has fifteen incorporated cities plus portions of the City of Los Angeles and unincorporated portions of the County of Los Angeles. The area is bounded by the Pacific Ocean on the south and west, and generally by the City of Los Angeles on the north and east. Its called the South Bay because it is located on the south end of the Santa Monica Bay.
Because of its location, with the Pacific Ocean at its backdoor, LAX and the Ports of Los Angeles and Long Beach, the South Bay area is prime real estate because of these transportation hubs.
The real estate throughout the South Bay area is highly desired and sought after. This is a beautiful part of Southern California and most of the real estate is made up of beachside communities like Hermosa Beach, Manhattan Beach, Redondo Beach, Torrance, Rancho Palos Verdes, and El Segundo. There are many other cities that are all located within a few miles of the Pacific Ocean and beaches.
The South Bay area is not only a beautiful place, but it is also a geat place to live, work and vacation, which accounts for the thousands of tourists that visit the South Bay each year.
You can find a diversity of homes in the South Bay including single family homes, estate homes, hillside and waterfront homes, condominiums and townhomes, cottages, duplexes and beautiful apartment buildings. Many of the homes in the South Bay that are going on the market for sale, often sell before they can be advertised in the newspapers. The South Bay homes real estate market has always been, and continues to be very hot. Demand remains very high for any South Bay homes for sale.
The South Bay home buying market is hot, but the South Bay selling market is just as active. Often, there is a shortage of homes on the market for buyers. South Bay prices are rising again with many homeowners unaware of just how much their homes are increasing in value.
Commercial properties in the South Bay continue to be hot also, whether it’s land, new, pre-owned or undeveloped, there is always a demand for good location business property.
With the diversity and great selection available in residential homes in the South Bay, you can find just about the perfect home for you and your family and at a price to fit your budget.
UNDERSTANDING THE BUYER
If you are selling your home, you can control at least 3 factors that will affect the sale of your home.
The condition of the house
The price you are asking
Marketing Strategy
It’s important to note that there are numerous other factors that will influence a buyer, and you need to understand these consumer trends when you enter the sellers’ market. It’s important that you keep your home competitive while on the market. Your real estate agent or broker can advise you on how to best position and market your home to overcome any perceived downsides.
Location:
The most influential factor in determining your home’s appeal to buyers is something you can’t control: its location. According to the National Association of REALTORS, the neighborhood quality is the No. 1 reason buyers will choose certain homes. The second most influential factor is commute times to work and school.
Size:
Keep in mind that there will be some buyers who wish to downsize or who will want a smaller home, but over the years, homes have continued to increase in size, almost double of what it was in the 1950s. Smaller homes typically appeal to first-time home buyers and couples whose children have grown up and moved out.
Amenities:
Peoples preferences in floor plans and amenities continue to go in and out of fashion, and your real estate agent or broker can help you and familiarize you of the “hot ticket” items that are selling homes in your area and market. If you home is missing or lacks a particular feature, you can renovate the house to increase its appeal, however, you want to make sure that the investment you will have to make will actually help, no hinder, your profit margin in the end. I as your REALTOR can use the current market conditions and activity in the neighborhood to determine the best way to go.