Showing posts with label Seller. Show all posts
Showing posts with label Seller. Show all posts

Tuesday, March 4, 2014

March 4th (TODAY) Final Vote for San Pedro’s Ponte Vista Housing Plan

As anticipated, a newly downsized Ponte Vista housing development got a final nod Tuesday from the Los Angeles City Council’s planning committee, pushing the long-debated issue toward a final City Council decision on March 4.
If approved by the full council, it will bring to an end one of the most controversial development debates ever in the community.
Ponte Vista, the former U.S. Navy housing site in San Pedro. File photo. Aug. 24, 2012. (Brittany Murray / Staff Photgrapher) 
Read More Here:

Thursday, January 23, 2014

Why choose a Keller Williams Agent?

What’s different about a Keller Williams agent?

Knowledge: Keller Williams agents stay ahead of trends, tools and topics in the real estate industry through their access to Keller Williams University.  The comprehensive industry-leading training curriculum prepares our agents to serve you at the highest level. 
Teamwork: Unlike other real estate companies, Keller Williams Realty was designed to reward agents for working together. At our core, we believe that we are all more successful if we strive towards a common goal, rather than our individual interests. And, that goal is to serve you, our client, at the highest level possible. 
Reliability: Keller Williams Realty was founded on the principles of trust and honesty, emphasizing the importance of having the integrity to do the right thing and always putting your needs first. Our agents realize that their success is ultimately determined by the legacy we leave with each client we serve.
Speed: Leading-edge technology solutions accelerate our associates’ efficiency and productivity.

Tuesday, August 27, 2013

Big Blue Whales Spotted off South Bay & Long Beach Coasts

There’s nothing unusual about some of the world’s largest and most endangered whales passing by the South Bay and Long Beach coasts.
Each winter, hundreds of pregnant 40-ton gray whale mothers and potential mates schlep past Southern California on their annual migration to their long-held birthing and mating grounds in Mexican lagoons — as they’ve done for at least a century.
About a decade ago, 100-ton blue whales discovered that the San Pedro Channel and surrounding coastal waters aren’t just a convenient highway to cooler or warmer water, but also offer a veritable buffet of their favorite prey.
The late-summer visits from blue whales have taken hold in the South Bay so much that a new festival is planned in their honor at the Redondo Beach Marina on the afternoon of Sept. 8. The Big Blue Whale Bash will feature a life-sized inflatable blue whale — a display that highlights the blue whale’s most impressive feature: It is the largest mammal ever known to live on Earth.
“The Big Blue Whale Bash was designed to connect our community with the magnificent, but endangered, blue whales that have become regular visitors to our coastline,” said Diane Alps, president of American Cetacean Society’s Los Angeles chapter. “We hope to inspire awe and fascination, along with respect and safety.”
ACS-L.A. is hosting the festival, which will include arts and crafts, live music and information about safely watching blue whales, Alps said.
But the only local regular whale-watching trips now are on boats out of Long Beach, where Harbor Breeze Cruises has cornered the market in observing marine mammals. Since July 11, Long Beach boats have spotted at least one blue whale per trip each day.
By Friday afternoon, passengers on the Triumphant, a new Harbor Breeze Cruises 90-foot catamaran, had seen four blue whales just off of the Palos Verdes Peninsula in eyeshot of Trump National Golf Club and the Point Vicente Lighthouse, Capt. Dan Salas said.
“There’s no comparison to a blue whale sighting,” Salas said. “It’s just incredibly big. Gray whales are awesome but (blue whales) just take it to another level.”
Blue whales can be found in oceans around the world in areas where there are high concentrations of krill — their main diet, a kind of small red shrimp. There are believed to be about 10,000 living blue whales worldwide, with the largest concentration of roughly 2,000 off the west coast of the United States. These whales numbered in the hundreds of thousands until whaling decimated their populations. They were given protection in 1966 from whalers and, since then, the population has been rebuilding very slowly.
“They need to consume massive amounts of krill to support their large size,” Alps said. “Therefore they need to follow the prey wherever it is. While krill is seemingly quite abundant, it is patchy in distribution.”
One of the purposes of the Blue Whale Bash is to educate the public about ways to safely observe whales because of recent incidents in which kayakers, paddleboarders and people on personal watercrafts have been photographed approaching within feet of the animals.
“Whales, especially blue whales, also have very large, powerful tales,” Alps said. “They are wild animals. There is no doubt that a close encounter with a whale would be thrilling but they should be viewed with caution and respect. For your safety and their health, give them space.”
By Sandy Mazza, Daily Breeze

Tuesday, August 6, 2013

Looking back through 125 years of San Pedro History

Every Tuesday we will post a new blog about the History of San Pedro, California!

1888-1889


  • March 1, 1888- The city of San Pedro was officially incorporated. The first Board of Trustees, sworn in four days later, included president E.W. Webster, J.A. Dufresne, N.O. Anderson, E.M. Phelps and Alex Oleson.
  • The newborn city began to take shape as new groups and societies were organized.. Fifth Street School was established during this decade as well as the citys first library and the volunteer Fire Department.
  • In May of 1888, Augustus Timms donated the land for Harbor View Cemetery (22nd & Grand) on the condition that the center plot be aside for him. He claimed that spot only two months later, upon his death. 
  • In September of 1888, President Grover Cleveland designated the land for a military reserve that would be the future location of Ft. MacArthur.
  • Seaside Pharmacy, arguably San Pedro's longest running business, opened its doors in 1889. It remains in operation today at 599 W. 7th St.
  • Plaza Park is dedicated July 31, 1889. The park pavilion would be added in 1892, many celebrations and musical performances would be conducted from the gazebo in the years ahead. 


More to come on the History of San Pedro next Tuesday!



*San Pedro Today Magazine

Thursday, August 1, 2013

L.A. Planners to take up Ponte vista proposal

Long-stalled development plans for the former Navy housing property in San Pedro move to the Los Angeles Planning Commission on Tuesday, when the latest vision for the Ponte Vista project will be reviewed.

A hearing on the city's final environmental impact report , released June 27, will be held during the commissions 10 am meeting at the Port of Los Angeles Administration Building at 425 S. Palos Verdes St. in San Pedro.

While the new Ponte Vista plan calls for developing 830 homes- much smaller than earlier proposals that went as high as 2,300 homes- there remains strong opposition among those who want the 61.2-acre property to remain R-1, which would cut the numbers back even further.

Board members of the Northwest San Pedro Neighborhood Council continued to express "serious concerns" about the proposal in its July 8 resolution. Those concerns include a lack of traditional single-family housing and not enough public open space.

Supporters, including the San Pedro Chamber of Commerce, believe the project will work in concept.
Developing the entire parcel at 26900 S. Western Ave. with detached single-family homes would not be financially feasible, according to iStar, which currently owns the property.

Supporters also say its time to move forward on the project after nearly a decade of discussion. As originally planned in 2005, Ponte vista called for building 2,300 homes on a long-vacant and dilapidated site still dotted with old Navy homes.

The proposal encountered wide-spread opposition from residents who said it was too dense and would cause more traffic congestion in the area. The project went through numerous revisions after that as the property also changed hands. It was purchased by iStar Financial in 2010.


Daily Breeze

Thursday, June 13, 2013

2013 Keller Williams San Pedro/RPV Sales

Keller Williams LA Harbor unsurprisingly takes the lead again for 2013's Sales in San Pedro & Rancho Palos Verdes.
Beating the #2 spot with over 50 sales!!


Saturday, May 25, 2013

How Landscaping Can Impact Home Values

The Inman Team wishes you a wonderful Memorial Day Weekend!

The Appraisal Institute recently advised homeowners to properly maintain their landscaping, which can significantly affect property values.

“If a landscaping change is positive, it can often enhance price and reduce a home’s time on the market,” says Appraisal Institute President Richard L. Borges II, MAI, SRA. “But if the change is negative, it can lower the price and lengthen the time a home remains for sale.”

Curb appeal is essential when selling a home, Borges says, noting it’s the homeowner’s opportunity to make a great first impression. A home with lackluster landscaping or an exterior in desperate need of a fresh coat of paint will likely be unappealing to prospective buyers and ultimately could affect the home’s potential resale value, he said. Landscaping is typically associated with lawns, trees, bushes and flowers. But other items also can be considered part of landscaping, such as fire pits, decks, patios, waterfalls, swimming pools and outdoor lighting … all of which could add to the value of the home. Borges adds that homeowners should trim growth regularly, replant approximately every 5 to 10 years depending on growth and not “overwhelm” the house. He also advised that homeowners check out what their neighbors have done and keep landscaping maintenance and improvements on par with neighborhood norms. According to the International Association of Certified Home Inspectors, trees that are too close to buildings may be fire hazards. Additionally, larger tree root systems that extend underneath a house can cause foundation uplift and can leech water from the soil beneath foundations, causing the structures to settle and sink unevenly.
According to a recent study conducted by Lawn & Landscape magazine, about two-thirds of homeowners say they’ll get less than 60 percent of their landscaping investment back when they sell the home.

“Landscaping improvements could make an impact on resale value, and homeowners need
to consider how long they’ll be in the home and whether to make short-term updates or plan
for the long haul,” Borges says. Borges says homeowners should ask themselves the following questions when it comes to the quality of their home’s green space:
• Is the landscaping attractive enough to make the prospective buyer walk through the
front door? Keep the design contemporary and in line with comparable properties in the
area.
• Could the landscaping provide cost savings? Landscaping that requires little or no
water to maintain could be desirable depending on the geographic area.
• Is the landscaping energy-efficient for the home overall? For example, it’s a good idea
to plant trees in a place where they block the sun in locations with year-round hot
climates.
• the trees planted at a safe distance from the home and are they healthy and well
maintained? Weak, old or damaged trees planted too close to a home or building could
pose dangers to the home’s structure and will need to be removed. Consumers should
also be sure that mulching or beds don’t get too close to wood around foundations to
avoid wood-destroying organisms.

For more information, visit www.appraisalinstitute.org.

Thursday, May 23, 2013

Builder Confidence Improves in May

Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May, released recently. This gain, from a downward revised 41 in April, reflected improvement in all three index components – current sales conditions, sales expectations and traffic of prospective buyers.

“Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies,” notes National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder from Charlotte, N.C. “This is definitely an encouraging sign even amidst rising challenges with regard to the cost and availability of building materials, lots and labor.”

“While industry supply chains will take time to re-establish themselves following recession-related cutbacks, builders’ views of current sales conditions have improved and expectations for the future remain quite strong as consumers head back to the market in force,” says NAHB Chief Economist David Crowe.
Derived from a monthly survey that NAHB has been conducting for 25 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components posted gains in May. The index gauging current sales conditions increased four points to 48, while the index gauging expectations for future sales edged up a single point to 53 – its highest level since February of 2007. The index gauging traffic of prospective buyers gained three points to 33.

Looking at the three-month moving averages for regional HMI scores, no movement was recorded in the Northeast, Midwest or South, which held unchanged at 37, 45 and 42, respectively. Only the West recorded a decline, of six points to 49 in May.

For more information, visit www.nahb.org 

Friday, May 10, 2013

Can You Afford to Buy A House?

To help you understand and realize if you can really afford to buy a house, here are some guidelines to ponder:

1. Annual income: Whether you are alone or you have a partner whose planning to buy a house, it is important to have a breakdown of your income which usually includes the basic salary, bonuses, overtimes, and income that  is coming from investments. Knowing your annual income will determine how much you can afford in the future.

2. Monthly debt: You also need to calculate your monthly debt because you will need it to determine your debt to income ratio which is a very important factor in getting a mortgage.  Monthly debt usually includes car payments, credit card payments, house payments, personal loan payments, or student loan payments.

3. Debt to income ratio: This is used by banks or lenders to determine the financial status of the barrower. Calculating the debt to income ratio is very easy as long as you have your income and debt figures ready. It is advisable to follow the monthly (income and debt) figures. So let us say for example that you have an income or $10,000 a month, and then your total monthly debt is $4000. You just have to divide your total monthly debt ($4000) by your monthly income ($10,000) which will give a ratio of 40%. When it comes to mortgage, lenders usually have two kinds for debt to income ratio which is known as front and back ratio. The front ratio is your debt to income ratio that comprises all housing payments while the back ratio is your debt to income ratio without housing payments.  Higher chance of considerations will be given to those who have a front debt to income ratio of 36% or less and a back debt to income ratio of 28% or less.  Bear in mind that the debt to income ratio is not only the sole factor than lenders consider; however, knowing the ratio can help you see the big picture or how well you do financially.

 4. Down Payment:  A reasonable home down payment has been quite a hot issue in the Congress. Recently, a minimum of 5% is quite reasonable. However, you have to understand that the amount of your down payment can determine the amount of mortgage you can afford. When deciding how much down payment you are willing to pay, consider other expenses including closing costs you will encounter in the future.

5.  Closing Costs:  Never overlooked closing costs because you might end up frustrated to know how much money you have spent over it. Here are some examples of closing costs to take note:
  • Home inspection charges – To protect you from underlying issues, home inspection is a must.
  • Appraisal Fee – Appraisal determines the property lending value for mortgage reasons.
  • Paper works – It includes fees on deeds, titles, and land transfers.
 6. Taxes and Insurances: Both lender and borrower have their designated insurances. We have what we call Hazard insurance to provide damage protection on the property; Private Mortgage insurance which is required for borrowers who paid less 20% down payment. Then, we have income and property taxes to take note too.

Josh writes for Scott Maizlish’s Park City Realtor Blog. Visit their website for Canyons Real Estate news and updates. Or check them out at Scott Maizlish Park City Realtor’s Google + Page.

Tuesday, May 7, 2013

The Facts About Financing A Second Home

Buying a second home is very exciting.  This may be a home in the place where you vacation every year, somewhere that you like to  go and relax and enjoy your time off.   Perhaps you are looking for an investment opportunity.  Whatever the case may be, here are some things to consider when it comes time to buy and finance your second home.

• It is a great time to buy a second home - the mortgage rates are low
• If you have a strong credit history you are guaranteed the best rates
• You can use the equity in your current home as a down payment or closing costs
• Lenders are offering some really affordable loan options right now
• Remember, the guidelines for how much you can quality for is based on 28% of your gross income
• If you are a long term homeowner, you may be able to borrow more than you think

A second home as an investment property is a fantastic idea.  If you are looking for a way to save money for your retirement,  this is it.  A second home forces you to put away money every month in the form of a mortgage payment.  When it comes time to retire, you can sell it or use the income, which could be significant if you have it paid off.

Another reason a second home as part of your retirement plan is a good idea is due to the fact that your investment money is subject to less income tax and the interest and taxes may be deductible. So planning ahead could pay off in a big way.

If you rent out the property don't forget about the ongoing expenses such as taxes, insurance, property manager, etc. We recommend that you save enough money to cover a years worth of rental income and maintenance. That way if business is ever slow in renting out the property you'll always have your emergency fund to fall back on. The good news is if you buy the right house at the right price, your rental property should always stay rented.

If a second home is something your interested definitely talk to your real estate agent about more information on buying a second home. They can give you insight information about making this investment.

Monday, May 6, 2013

Real Estate Terms You Should Know


Here are some common terms you will hear when buying or selling your home

Adjustment Date - the pre-determined date the interest rate changes if you have an adjustable rate mortgage
Amortization - a portion of your monthly loan is applied to your accruing interest every month and the remainder is applied to your principal.  Over time, the interest decreases and the amount applied to your principal increases and your loan is paid off within a specified amount of time.  This is called amortization
Appraisal - is a justification of the price paid for your home based on the analysis of the comparable sales of similar homes in your area
Assessment - the value that is placed on your home for taxation purposes
Assignment - this is when the ownership of your mortgage is transferred from one mortgage company to another
Chain Of Title - this is the analysis of the different transfers of tile for a property over the years
Clear Title - this is a title that does not have any liens or legal issues as to who owns the property
Contingency - this is a condition that must be met before a contract can become legally binding
Conventional Mortgage - these are home loans that are not government loans such as VA and FHA
Deed - this is the legal document that gives you the title to your house
Earnest Money Deposit - the deposit made by a potential buyer to show that they are serious about buying a particular house
Escrow - money or documents that are deposited with a third party to hold and will be delivered upon the fulfillment of a specific contract condition - such as a closing
FHA Mortgage - a mortgage that is insured by the Federal Housing Administration, also known as a government loan

Saturday, May 4, 2013

What NOT to do When Uncluttering Your Home

Are you guys enjoying the warm weather this weekend? Well if you are left with out any plans this weekend its the perfect opportunity to do some Spring cleaning and decluttering. Turn on some music and get the whole family involved, this way they can begin to make their own good organization habits. Start by picking one room in the house or one area to focus on... then before you start take a quick look at what NOT to do while you unclutter... good luck
1. Organize First; Buy Second. Do not go out and buy a ton of storage pieces and supplies before you sort through your home. All of those pretty bins, boxes and baskets at The Container Store are very enticing, but they won't do you any good unless they fit the space (on the shelf, under the bed, in the closet); hold what you need them to hold, and function properly for your particular space. I recommend cleaning out first, assessing what containers you REALLY need, and then buying a few bins to start. You can always add later, but theirs nothing worse than having a bunch of empty containers cluttering up your home while you figure out where you might use them.
2. Don't Bite Off More Than You Can Chew. Do not set aside an ENTIRE day to organize your WHOLE house. Very few people have the energy and/or focus to spend 8 hours organizing. You'll likely become frustrated and less efficient as the day progresses. It's much better to spend a few hours -- 2 or 3 -- on one project or space. This way you'll feel motivated to do more, not burned out by the process.
3. Complete Each Task -- Completely. Of course you will need to sort things into categories (e.g., toss, recycle, donate, give to friend, put in deep storage). But here's the crucial part: Once you have decided where something is going to go -- take it there. Never keep bags for charity or boxes for friends in your home to deliver later. Do it now. Finish the process. Take the bags and boxes out to the trash or recycling immediately. If you're donating something or giving something to a friend or family member, put the items in your car or make arrangements for dropping them off. You've done so much work getting this stuff ready to take out, complete the deal!
4. Rome Wasn't Built In A Day. Do not think that once you've organized your space, that you are done. You'll feel like a failure when you have to clean it up again in a month. Realize that while you have created a new, efficient, and logical system for processing and managing incoming and outgoing items, you are not done. There is no autopilot. You should expect regular upkeep, but just be glad that the new system is far more efficient than the old one.
5. Good Enough is Enough. Very few people have closets and drawers that resemble those in catalogues. Trust me. I've been in a lot of houses and apartments and even after we've totally reorganized a space, it doesn't look like an ad for The Container Store. It looks great and works properly, but it is a space that is used by an actual human being, not one that has been carefully staged by a team of stylists and marketers for a non-existent resident. You will ultimately be disappointed if perfection is your goal. The goal is to set up a space that works well for your needs. That is success.

Tuesday, April 23, 2013

Mastering the Art of Negotiation


Before the Negotiation
Before you enter any kind of formal negotiation, make sure you know exactly what the expectations are. It helps to put down on paper exactly what you will do and accomplish. You should map out every scenario out to your client, but remain optimistic. 

Also finding potential weaknesses in the opposing part is ideal, to negotiation tactics. Knowing the opposing's weaknesses shows that you have done your homework and it shows you have valid information to back up your points, or why the negotiation should lead in your favor. This may also help both parties to find a middle ground. Another tip, is to come up with a list of reasons why your proposal would be beneficial to the opposing party. For example, one Realtor may bring up that their offer is more favorable, although it is offering a lower price, it is an all-cash offer, as opposed to a riskier financing. By specifically laying out the advantages  the negotiator increases the odds of getting the deal done in their favor. 

The NegotiationIn Person
Ideally, each party should state exactly what their objective is coming into the negotiation. This allows each party to understand where the other stands. It also establishes a basis for a give-and-take conversation. At this point, each party may then offer its fall-back proposals and counter proposals in order to hammer out a deal.

Body language analysis can help you to understand how the negotiation is going. Was your proposal well received? Positive signs include nodding of the head and direct eye contact. Negative signs include folding of the arms (across the chest), aversion of the eyes or a subtle head shake as if to say "no". 

By PhoneNegotiation by phone, can be a little more difficult, because body language can not be determined. This means that the negotiator must do his best to analyze his counterpart's voice. But this also means, their is less emotion and you don't have to sit face to face with one another, and makes it easier to stand your ground. As a general rule, extended pauses usually mean that the opposing party is hesitant or is pondering the offer. However, sudden exclamations or an unusually quick response (in a pleasant voice) may indicate that the opposing party is quite favorable to the proposal and just needs a little nudge to seal the deal. 

By MailHere are some tips for negotiations done through the mail (such as residential real estate transactions):
  • Words or phrases that leave ambiguity may signal that a party is open to a given proposal. Look specifically for words such as "can", "possibly", "perhaps", "maybe" or "acceptable". Also, if the party uses a phrase such as "anxiously awaiting your reply" or "looking forward to it", this may be a signal that the party is enthusiastic and/or optimistic that an agreement may soon be reached.
  • When the opposing party makes an initial offer or a counter proposal, see if you can incorporate some of those ideas with your own and then ink a deal on the spot. If compromise on a particular issue is not possible, propose other alternatives that you think would be favorable to both parties.
  • Finally, while all agreements should be sealed with a hand shake, a more formal contract memorializing the negotiation is a must. To that end, have an attorney draft a formal contract soon after the negotiation process is completed and make certain that it is signed by all parties in a timely manner.
No Agreement? No Worries
If an agreement cannot be reached in one sitting or phone call, do not panic. It may take sometime for both parties to think about the offers on the table. Leave the door open for future negotiations or plan another meeting, this will come across as though you sincerely believe that a deal can be worked out and you are willing to work to make that happen. Maybe all it takes is for the party to realize that there are no other offers or that your party has provided the best possible offer. Regardless, never under any circumstances, burn your bridges.

Monday, April 8, 2013

Tips to Help You Win More Listings & Convert Buyers


Based off of the 40/40/20 by HSA Home Warranty, they have conducted and measured out what percentage you success should be based on. We put our input into how this works well for us & how it can help you + your business.

• 40 percent of your success is based on knowing your audience. 
If your in Real Estate what kind of age group are you marketing to? Probably the 30-50 year old age group. You must be educated on the groups you are marketing to. Ask yourself these questions before you market anything, “Who did you send that direct mail piece to? Or, who are you talking to with your most recent Facebook post or blog post?” Besides what generational group they belong to, is the person receiving your message a seller, buyer, empty-nester, investor, renter, married, single, etc? How much do you know about the audience that makes up your farm or your Facebook followers? The more you know about your audience, the more effective your marketing will be, the higher your conversion rates and the more closings you will see.

 40 percent of your success is based on the value of your message.
Never post something without putting your sense into it, anyone can post an article, but people want your opinions and your advice. That is what will set you apart from everyone else. People need guidance and someone that knows what they are doing and talking about.  Many agents advertise “Contact Me for a Free Home Evaluation,” which is very vague and not intriguing. Instead say something like, “If you are thinking of selling your home, anybody can tell you how much your home is worth. Contact us and we will coach you on how to make your home worth more.” 

 20 percent of your success is based on the look. 
  This part is about your brand. How do your head-shots look? Are they outdated, maybe its time to hire a professional photographer to take more updated head-shots. Keep your online brand and offline brand consistent. Don't state your a luxury home specialist, then clients come to find by searching you online that you never sold a luxury home before. Our Team believes this 20% is extremely important in gaining trust with your clients and gaining new clients. 


Thanks for reading,
The Inman Team.

Wednesday, April 3, 2013

Do You Know What A CLUE Report Is?

CLUE is short for Comprehensive Loss Underwriting Exchange - it is an insurance industry database. Your CLUE report is an insurance report that keeps your homeowners insurance claims active for seven years. So why should you care and what does this mean for you? Well, the entries on this report could cost you big on your insurance premiums or prevent you from getting coverage altogether. Because almost all insurance companies use CLUE to check the claims of their prospective policy holders.

Insurance companies use the CLUE reports because statistics show that people who have filed a claim in the past are more likely to file one in the future. However, the amount of the claim is not as important as the number of times you have filed. Therefore, some insurance companies offer a discount if you have not filed a claim within the past five years.

Just because you have a clean CLUE report does not mean that you are guaranteed lower insurance premiums. Because many insurance companies also look at your credit score as a risk factor. How much debt you have and if you pay your bills on time. Their studies show that people who can effectively manage their finances are a better risk than those who do not. Of course, there are other factors as well, such as location and the type of construction of your home.

By Federal Law you are entitled to one free CLUE report each year. You can get your CLUE report here: personalreports.lexisnexis.com or you are also able to obtain one by phone or by mail as well.

These are the details that will be included on your CLUE report:

• Your name, home address, your DOB, and social security number
• The number assigned to your report
• The name of your insurance company
• The type of insurance policy you have and the number
• The type of losses you have reported and a claim number for each
• The date of each loss you have reported and the dollar amount of those claims
• The status of all your claims
• Instructions about how to dispute any errors

Needless to say, you should spend some time once each year to obtain and review your CLUE report. Because any errors could be costing you money. So don't neglect doing this.

Friday, March 29, 2013

Nationwide Home Sales are Up

Resales up 10.2% in the nation. This is the highest recovery in 3 years. Lack of inventory, high demands in an improving economy. Of course lending conditions have improved, but still tight. Its a good time for sellers, buyers, Realtors, Lenders and it seems like its going to get even better.

Gordon Inman
Broker/Owner
Keller Williams Realty LA Harbor

Thursday, March 28, 2013

Rolling Hills View Lawsuit Settled

A view dispute between 2 homeowners when there is a settlement usually both homeowners end up not happy with the results. I can see both sides of the issue, one to improve their view and the other to save the trees that insure their privacy. Rolling Hills is a wonderful city and we can count our blessings to live in such a wonderful gated community. The came to an conclusion with a private agreement, and worked things among neighbors civilly and respectfully. I am please that they came to a settlement and wish them both the best.

Gordon Inman
Broker/Owner
Keller Williams Realty LA Harbor

Monday, March 25, 2013

Home Prices Expected to Rise

Although some recent real estate activity has been speculative, it seems as if buyers have more realistic expectations about housing market returns after having lived through the largest housing market crash in U.S. history,” says David Stiff, chief economist, Fiserv.

Realtor.com®’s February 2013 national housing data indicates that listing inventories increased 1.15 percent month-over-month; median age of inventory was at 98 days, a 9.26 percent decrease month-over-month; and median list prices were slightly higher month-over-month at $189,900. These numbers show that home buyers are getting an early start on the spring season despite the fact that inventories recently hit record lows.

The median age of inventory was down by 9.26 percent month over month and total listings are up 1.15 percent month over month, suggesting that many reluctant home sellers are starting to take an early advantage of the recent improvements in housing prices.

National Data
• In February, the total number of single-family homes, condos, townhomes and co-ops for sale in the U.S. (1,494,218) increased by 1.15 percent month-over-month. On an annual basis, however, inventory was down by 15.97 percent.

• The national median list price for single-family homes, condos, townhomes and co-ops ($189,900) increased by 1.01 percent year-over-year and 1.55 percent month-over-month in February.

• The median age of inventory of for sale listings fell to 98 days in February, down 9.26 percent from January and 11.71 percent below the median age one year ago (February 2012).


Local Data
• Nearly all of the markets with the largest year-over-year declines in their for sale inventories in February were in California, where declines averaged 48 percent. The list includes Sacramento, Stockton, Oakland, San Jose, Orange County, Los Angeles, Seattle, San Francisco, Riverside and Ventura. These markets also experienced a dramatic decline in the median age of inventory, falling to an average of just 31 days, or 53 percent lower than it was one year ago.

• On an annual basis, February median list prices were up by 5 percent or more in 51 markets while they were down by more than 5 percent in 11 markets. The number of markets experiencing a year-over-year list price decline in February (39) is significantly below the number of declines observed in January (50). California markets continue to dominate the list of areas experiencing the largest year-over-year increases in their median list prices, representing nine out of the top ten best performers.

• The ten markets with the longest time on the market continued to include the coastal areas of the Carolinas and the resort communities of Santa Fe, NM and Ashville, NC. In addition, five older industrialized areas also appear on the list: Reading, PA; Portland, ME; Albany, NY; Philadelphia and Trenton, NJ. California markets continued to dominate the list of top ten areas with the shortest time on the market, although the median age of inventory was also at record lows in Denver and Seattle. Median time on market in these areas averaged just 28 days, 51 percent lower compared to one year ago.

Saturday, March 16, 2013

Condo for Sale $1.00 ?

Do you want to buy a condo for only $1.00? Small 500 sq. ft. in a resort style living in a Orange County High-rise. Just some of the amenities included access to a Library, game room and fitness center. Listed for 90 days in Laguna Woods Village and now off of the market. Is it too good to be true? Yes, residents are required to be 55 or older and the association fees ran more than 1,700 a month. Would you believe no takers, maybes the price was too high.

Gordon Inman
The Inman Team
Broker/Owner LA Harbor

Friday, March 15, 2013

This Week in Real Estate

Lately, in all Real Estate News the focus has been around the shortage of inventory and how the Market is in almost full recovery mode. In California, the number of homes listed for sale has shrunk an average of 48% since last year. According to the latest data from Realtor.com, the average time a home in California stays on the market is 31 days, down 53% from last year. Nationwide, the median age of a home listing was 98 days. Of the 146 markets surveyed, home prices were up in 78 cities and down in 39 year over year. Shortage of homes to buy may last another year, but by 2014 the shortage will decrease. These statistics makes our team feel really good because we are way better than the average in the U.S. for days on market.

Trulia economist Jed Kolko predicts, the shortage of inventory will only last a year. He stated, "Now, the punch line: It could be at least another year until national inventory starts expanding. Of course, inventory will probably turn up this spring and summer because of the regular seasonal pattern, but the underlying trend will be less inventory than is typical for each season, not more. … Ultimately, the inventory turnaround will depend not only on how fast prices are rising, but also on whether prices will have been rising for long enough to encourage homeowners to sell and builders to build."

Where do homes linger longer?
According to Realtor.com’s February Trend Data, most of the cities where homes stay for sale the longest are in the Northeast and in the Carolina's.


Enjoy the Weekend, See you Monday.
The Inman Team