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  • Manhattan Beach Christmas Fireworks Dec 2013!!!

    Posted on December 9th, 2013 acimetta No comments

     

     

     

     

     

     

    The Manhattan Beach Fireworks were last night on the Manhattan Beach Pier. It was tons of fun like always. Lots of friends and families camped out on the street singing Christmas carols, playing in the snow park, drinking hot chocolate, and having a blast. The fireworks show is always choreographed to Christmas music. It’s one of my favorite days of the year and it’s one of the reasons why I love where I live! #ManhattanBeachFireworks

  • Real Estate Advice: Contingent Offers

    Posted on November 22nd, 2013 acimetta No comments

    In the South Bay, as in much of the country, we are currently in a Seller’s Market. There is a lack of inventory and a lot of buyers. It’s simple economics: supply and demand. High supply and low demand is a Buyer’s Market; low supply and high demand is a Seller’s Market. And when supply and demand are relatively on par, we have a balanced market.

    Seller’s Market
    So if you’re a buyer in this environment, you have some challenges to face. You will be pitted against other buyers who are paying all cash or who are making large down payments or who are willing to shorten or remove contingencies quickly. You need to make your offer as competitive as possible if you want the seller to choose your offer over the others.

    Contingent Offers
    But for some buyers it can be even more complicated than this. Some buyers need to sell their home before they can buy a new home (their “upleg”). They are taking the money from the proceeds of the sale of their house and putting it toward the down payment for their new home. Consequently, the offer they make is contingent upon the sale of their home. It’s hard to compete with other buyers when you still have to get your home on the market, find a buyer, and close escrow. Most sellers are going to want as close to a sure thing as possible. An offer contingent upon the sale of the buyer’s property is not a sure thing. So in this seller’s market, it behooves a buyer who has to sell their home to get their home on the market first and lock in a buyer, and then make an offer on an upleg. The key is to sell their home contingent in that way letting the buyer of their property know that the seller is allowed to cancel the deal if they don’t find an upleg.

    For example, Bob is selling Home A and wants to buy Home B. Bob should list Home A and sell it contingent upon buying Home B. Bob secures a buyer for Home A and the further along he can get in the escrow of Home A will improve his chances of getting an offer accepted on Home B. Here are some of the scenarios:

    Bob does not have Home A on the market and he makes an offer on Home B.

    Bob has Home A on the market and he makes an offer on Home B.

    Bob has an accepted offer on Home A and makes an offer on Home B.

    Bob is in escrow on Home A and makes an offer on Home B.

    Bob is in escrow on Home A and the buyers of Home A have removed all their contingencies. Bob makes an offer on Home B.

    As you can see, the seller of Home B will probably prefer the last scenario. The buyers for Home A are locked and loaded, and Bob is ready to move forward in an escrow on Home B with less risk than if he didn’t even have his home listed for sale yet. The further along you are in the process of selling your home, the better chances you have of getting an offer accepted on your new home.

  • Getting Your Home Ready for Sale

    Posted on November 19th, 2013 acimetta No comments

    By switching the positions of the sofa and the armchair, we were able to open up the living room and make the space look bigger.

    Selling your home is a big project… daunting at times. But if you put enough prep work into it, you can sell it quickly. In fact, the more effort you put into readying your home for sale, can actually shorten the amount of time it takes to sell it.

    My latest listing in Redondo Beach is the perfect example. My clients and I sat down and made a thorough To Do list.

    1. The first thing on their list was to rent a storage space. We needed to de-clutter their house. By re-arranging their furniture and eliminating some bulky pieces, we were able to properly display the floor plan and create a warm, inviting space. And since they would be moving anyway, it didn’t hurt to get a jump start on some of their packing.

    2. We identified certain upgrades in the house that would bring the most bang for their buck. For instance, all the appliances in the kitchen were stainless steel except for the dishwasher. A $500 investment in a new dishwasher helped us complete the updated, polished look for the kitchen. Painting a light, neutral color in the living space freshened the home up and made it even lighter and brighter. And painting the exterior wood and trim gave the house an affordable and quick face lift. Finally, we replaced all the interior doors from a flat wood to paneled doors, immediately giving the home a more modern feel. They cleaned up the yard and planted some flowers to add some color.

    3. They took care of some minor repairs prior to listing.

    All in they spent approximately $10,000 but effectively raised their home from a $725,000 price point to a $775,000 price point. That’s what I call a good return on their investment! And they sold their home in 2 days with multiple offers.

    There’s no one way to do this. Each home is different; each market is different. But it’s always a good idea to evaluate your home’s condition and determine if there’s anything you can do to improve how your home shows.

    Of course, not all sellers have money to spend prior to selling, and that’s okay too. You do what you can and some projects can be done relatively inexpensively such as doing your own gardening. Or if you don’t want to spend money on a storage unit, you can get away with storing things in your garage. Sometimes power washing the outside of your home will do wonders, and it’s much less expensive than painting.

    But most importantly, if you need to sell your home As Is without making any repairs or upgrades, then it’s crucial to market it accordingly. There’s nothing worse than touting a home with a gourmet kitchen and disappointing would-be buyers when they walk into a kitchen from the 1950s that has never been updated. You’re setting yourself up for failure. I’d rather have clients pleasantly surprised when they walk into a home, then standing there trying to figure out from which angle the photo was taken because the room looked so much bigger online.

  • Upcoming Listing in Redondo Beach

    Posted on October 8th, 2013 acimetta No comments

    I have a listing coming up in North Redondo. 2215 Curtis Ave, #A is a front unit on a two-on-a-lot. It will be on the market the first week of November.

    It’s an adorable 3 bedroom detached townhome built in 1984 with 1923 sq. feet. There are hardwood floors throughout the downstairs. The kitchen has newer stainless steel appliances and granite counters. There is a breakfast nook, separate dining area and living room. When you walk in, you feel like you’re in a traditional single family home. All the bedrooms are upstairs. The master bedroom has been remodeled. There are all new interior doors. There is a large upstairs deck, front balcony, a back patio and a fenced front yard.

    This home is located in the Madison Elementary school district. It’s walking distance to Anderson Park and it’s located in a great neighborhood.

    Photos coming soon!

  • Redondo Beach Brokers Open Favorite Listing

    Posted on September 19th, 2013 acimetta No comments

    Redondo Beach Brokers Open Today

    Of all the listings I saw today, my favorite was 520 N Guadalupe, #C in South Redondo. I’ll be honest… I wasn’t crazy about climbing all the stairs to the front door, but it will be easier from the garage. This town home has nice ocean views from the master bedroom. But what it also has is tons of space. This home feels substantial. And the back patio is lovely with stone and a fountain. The kitchen is great too. This home needs some updating, but it is, without a doubt, move-in ready.

  • Just Sold: 602 S Broadway, #A $1,175,000

    Posted on September 19th, 2013 acimetta No comments

    Light, bright 3 bedroom town home on a beautiful, wide street in South Redondo.

    I just sold 602 S Broadway, #A Redondo Beach, CA 90277. It’s a lovely 3 bedroom front unit town home in South Redondo, just a few short blocks to the beach and close to Rivera Village. We closed yesterday and my clients can’t wait to start enjoying life at the beach! They purchased the property for $1,175,000 – 9% below the asking price. This home was a great buy for several reasons. The location is amazing. It’s a 3 bedroom, but the floor plan will allow for a 4th bedroom and additional square footage which will help build equity in the coming years. The traditional floor plan gives this town home the feeling of a single family home.  The sellers did a good job maintaining the home and with some updating to current styles, this property should continue to increase in value.

  • South Bay Environmental Services Center HHW/E-Waste Collection

    Posted on September 19th, 2013 acimetta No comments

    This Saturday, September 21st from 9 am – 3 pm, there is a household hazardous waste collection at the Joint Water Pollution Control Plant in the West Maintenance Building Parking Lot. The address is 24501 South Figueroa Street.

    Sponsored jointly by the Los Angeles County Sanitation Districts and the Department of Public Works. The Household Hazardous Waste (HHW) Collection Program gives Los Angeles County residents a legal and cost free way to dispose of unwanted household chemicals that cannot be disposed of in the regular trash.
    THINGS YOU CAN BRING…
    • Motor Oil, Antifreeze, Paint, Paint Thinner
    • Turpentine, Cleaners with Acids or Lye
    • Pesticides and Herbicides
    • Household and Car Batteries
    • Old Computers and Television Sets
    • Sharps or Used Needles
    • Expired Pharmaceuticals and Mercury Thermometers

    HOW TO PREPARE…
    • In general there is a limit of 15 gallons or 125 lbs. per vehicle.
    • Bring items in a sturdy box, preferably in their original labeled containers.
    • Be prepared to leave your containers.
    • Do not mix products together.

    For more information, call THE LOS ANGELES COUNTY SANITATION DISTRICTS at 800.238.0172

  • Redondo Beach / Area 151: Home Sales August 2013

    Posted on September 19th, 2013 acimetta No comments

    North Redondo Homes Sales August 2013

    Seventeen homes sold in August 2013 in Area 151 in North Redondo. This is 2 less than the number of homes sold in July, and 4 homes less than sold one year ago in August 2012. In most cases, it has continued to be a sellers’ market although buyers still have the advantage of buying homes at prices below the peak of the bubble and at low interest rates.

    New construction is still a good buy considering you can spend the same (and even more money, in some cases) and get a town home that is up to 7 years old. Most homes are still selling quickly… many within the first week. And this translates into offers coming in immediately followed by a couple of days of negotiations before an offer is accepted.

    One of the sales that really surprised me is 2144 Perry Ave. It’s a single family that had an addition. It does have a lot of square footage, but there is only a one car garage and it’s lacking in the quality department. this one sold for $1,115,000. This surprised me and many of my colleagues, but it showed that buyers are still feeling that desperation to get in the market and ultimately willing to pay a premium.

    Address Sq Ft. Lot Year B/B DOM Sold Price Original List Diff
    2219 Curtis Ave, #C * 1,060 7,499 1975 2/2 7 $464,000 $499,000 -7%
    1900 Voorhees Ave, #B * 1,471 1987 2/3 6 $553,000 $495,000 +12%
    2512 Gates Ave, #B * 1,610 7,526 1999 4/3 48 $667,500 $663,999 +.5%
    2811 Barkley Lane 1,064 5,872 1947 3/1 21 $669,000 $669,000
    2225 Mathews Ave, #C * 1,718 14,687 2000 3/3 8 $700,000 $649,000 +8%
    2223 Voorhees Ave, #B * 1,955 7,504 1981 3/3 8 $708,000 $700,000 +1%
    2415 Thomas Ave 1,590 6,550 1945 4/2 49 $722,150 $724,900 -.4%
    1918 Ruhland Ave, #B * 2,477 7,513 1987 3/3 0 $725,000 $725,000
    1921 Nelson Ave, #A * 2,054 7,480 1990 4/3 56 $750,000 $775,000 -3%
    2116 Plant Ave, #A * 2,050 6,655 1989 3/3 5 $817,500 $799,000 +2%
    2205 Nelson Ave, #B * 2,387 7,495 1986 3/3 34 $820,000 $769,000 +6.5%
    1913 Nelson Ave 2,180 1959 4/3 49 $828,000 $859,000 -3.5%
    2003 Curtis Ave, #A * 2,085 7,501 1990 4/3 9 $830,000 $779,000 +6.5%
    1914 Ernest Ave, #A * 2,300 7,500 2004 4/3 1 $910,000 $910,000
    2109 Plant Ave, #B * 2,357 7,504 2006 4/3 11 $930,000 $929,000
    2021 Gates Ave, #B * 2,508 7,481 2013 4/4 1 $959,000 $959,000
    2204 Plant Ave, #A * 2,500 6,645 2007 4/3 6 $959,900 $959,900
    2144 Perry Ave 3,134 7,509 1947 5/4 14 $1,115,000 $1,150,000 -3%

  • 3635 Michelle Drive, Torrance

    Posted on August 29th, 2013 acimetta No comments

    I was out on Brokers today and here’s a listing that I liked a lot. 3635 Michelle Drive in Torrance. It’s listed at $849,000 by RE/MAX Estate Properties. It’s in a good location on a lovely street. It has a really nice, homey feel. It has some nice updates but there’s room for more – which always means more equity! This one is worth checking out.

    Cozy Living room that opens up to Dining room.

  • Real Estate Advice: Negotiating Repairs

    Posted on August 29th, 2013 acimetta No comments

    So you have fallen in love with a home. You made an offer; the sellers accept it. And now you do your inspections. And you’re shocked by all the things that the home inspector points out that needs to be fixed, replaced, upgraded. All the safety issues; all the concerns.

    First I will tell you to take a deep breath. Every house is going to have its issues. Even the cleanest of homes is going to have some things to deal with. You will sit down with your Realtor and decide how to approach the situation. Here are some of your options:

    You can ask the seller to make repairs.
    You can ask the seller to credit you the cost of the repairs.
    You can ask the seller to reduce the purchase price.
    You can ask for any combination of the above.

    Second, you should know that the seller doesn’t have to do anything. And in the state of California, the seller doesn’t even have to respond to your request. More than likely they will, but keep in mind that they are not contractually obligated to do so.

    Third, be careful in what you ask for. I’ve seen many buyers list every single item on the inspection report. I understand that you want to get as many repairs taken care of as possible, but you may also turn off the seller so much that they don’t want to do anything. Many sellers get so infuriated that they no longer approach the Request for Repairs with an open mind. Or you may risk the seller agreeing to do the items on the list that are least important to you and ignoring the ones that are the deal breakers. It’s important for you and your agent be strategic in your request to get the most favorable outcome.

    Fourth, there’s a trade off with asking for repairs vs. asking for a credit. If you ask for repairs, the seller will take care of the work, but you may not have control over how the work is done. However, what appears to be a minor repair can sometimes turn into an expensive ordeal. The good news here is that the seller has agreed to do the repair and no matter what the cost, they must fulfill their obligation. On the other hand, if you ask for a credit, you are able to do the work yourself. There will be less risk in getting sub-par repairs. However, if you don’t get proper quotes up front and there are surprises along the way, you may not have collected enough of a credit to take care of the repairs. There is risk in both sides; you have to decide which option works best for you.