South Bay Real Estate

Home resales drop for second consecutive month - latimes.com

Home resales drop for second consecutive month - latimes.com

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1305 11th St, Manhattan Beach closed escrow 2/25/2010

 

Escrow just closed on 1305 11th St in Manhattan Beach. The home was not listed when I initially approached the owner about selling. This is another example of how I am able to secure off market properties for my buyer clients. I saved the Seller and Buyer tens of thouands of dollars in this transaction by handling both sides myself.

This incredible home was built in 2000 and unlike many others in Manhattan Beach has a modern clean feel to it as opposed to what I call the "pseudo-quasi-neuvo-Spanish-Mediterraneans" that dot the landscape.

There are light maple hardwood floors throughout the downstairs, 5 bedrooms, 4 full baths, 2 fireplaces plus an outdoor firepit, A/C, Sub Zero and Thermador appliances and many other features that make this a great house to live or party in.

Jumbo mortgage market is beginning to thaw - latimes.com

Jumbo mortgage market is beginning to thaw - latimes.com

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New home sales hit record low - Yahoo! Finance

New home sales hit record low - Yahoo! Finance

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How to avoid common tax errors made by new homeowners - latimes.com

How to avoid common tax errors made by new homeowners - latimes.com

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Homeowners' equity is again on the rise after three years of unprecedented shrinkage - latimes.com

Homeowners' equity is again on the rise after three years of unprecedented shrinkage - latimes.com

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U.S. aims to stop backing mortgages - latimes.com

U.S. aims to stop backing mortgages - latimes.com

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Shorewood Realtors Top Producers

I just came back from Shorewood's annual achievement - top producers awards presentation and was pleased to find out that I was in a 4 way tie for number 8 in the entire company (over 350 agents-7 offices).

The take away for anyone working in a sales capacity in any industry is that if you focus on helping other people and love what you are doing, you can be pretty successful. That plus my two favorite axioms, sense of urgency and fanatic attention to detail, will get most people pretty far in any client facing service capacity.

The 10 must-have features in today's new homes - MarketWatch

The 10 must-have features in today's new homes - MarketWatch

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70 Cypress Way RHE now in escrow

This is a 2 bedroom with den ( possibly convertible to 3 bedroom) attached townhome in Rolling Hills Estates that I was able to secure for my buyer client at $695,000. Considering that it was listed at $720,000 and there are comps in the $700's, I don't anticipate this one being an appraisal issue. (stay tuned) While HOA dues for PV townhome communities remain high (over $350 month), there continues to be considerable demand for similar propeties. This particular unit is located in a gated community which certainly adds to its desirability. Curiously, while some 1400-1800 REO SFRs have become available in Rancho Palos Verdes in the $700's, there still remains a strong market for lower maintenance and larger townhomes. If you are looking for other similar properties go to www.socalistings.com to search the local MLS as well as the forcosure database.

2724 Spreckels, Redondo Beach CA 90278

Representing the buyers, I just put ths 3 bedroom 1 bath North Redondo Beach Single Family Residence  into escrow at less than $500,000. Other than that being a great deal in and of itself, here's what my readers need to know: this home was never listed for sale in the MLS, had an open house or appeared on any website.

The significance of that is that my prediction is that in 2010, we will see far more homes sold this way. In this instance, I knew exactly what the buyers were looking for, that they are pre-approved and very knowledgeable regarding the market.

So, when another agent in my networking group mentioned that he would be placing this home on the market in a month or so, I basically jumped on it and let him know I could sell it today (and if necessary give the seller a lease back after COE). Done deal.

I also have another not currently on the market property in Manhattan Beach in escrow. The point being that this is not entirely uncommon and that of my 5 deals so far on 2010, 2 are not on the market properties.

So, if you are a buyer or know a buyer not able to find what they are looking for - you need to talk to me. Now.

If you are a seller and don't want to deal with the usual hassels, you need to talk to me. Now.

There is a different way of doing business.