Thursday, November 26, 2015
Chances are that either you will have some guests during the Holiday season or you may be a guest in someone else's home. While your guests most likely don't expect hotel like amenities, being a good host often entails more than throwing a blanket on the convertible couch.
So whether you have a dedicated guest room, a pull out in your home office, a Murphy bed or anything in between, here's some ideas to make your guests comfortable.
1) Make it easy for your guests to charge their phones, tablets, and laptops. Generic docking stations or strategically placed power strips go a long way.
2) You guests may not have brought their bedroom slippers. If you have wood floors, put down a nice throw rug.
3) I'm not the only one who likes midnight snacks. Well actually 1 AM for me. Leave some munchies out in the kitchen and let them know they can help themselves.
Wednesday, November 25, 2015
As the real estate industry goes through consolidation we've seen a fair amount of change in the local landscape relative to Brokerages and Realty companies. While some of the old names such as Shorewood Realtors remain (albeit under new management) others such as South Bay Brokers and Moore and Associates have been rolled up, acquired consolidated into bigger, often franchise based shops.
So what's going on?
Well we're seeing tectonic change son two major fronts.
Saturday, November 21, 2015
|This listing is Staged and shows well!|
If you are a follower of my blogs you know I am a big advocate of making sure that you do everything possible to maximize your sales price before your home is listed for sale. That starts with decluttering (biggest bang for the buck) and continues on to minor improvements like fixing whatever comes up in your pre-listing home inspection. Then we continue on to possibly painting and of course staging. Another great investment is in updating the lighting and possibly door handles as in get rid of the gold/brass dated stuff and replace it with brushed nickel or chrome.
If your roof is leaky, maybe a good idea to fix that with the El Nino coming this winter.
Putting in new wood floors? Possibly, if your current floor coverings are 1980's shag (orange preferred). When we get to new kitchens, bathrooms, etc. most likely not going to get you the return on the investment you would hope for.
Here's the question I always ask.
Thursday, November 19, 2015
Revitalization of the Redondo Beach Pier and waterfront will significantly improve the desirability of Redondo Beach Real Estate in both 90277 and 90278. Besides having a great new destination to go to, everyone's property values will go up. And make no mistake about it, people are looking for new places to go if you remember how quickly The Point in El Segundo became a hot spot. Basically five minutes after ti opened.
The Daily Breeze just published a great article regarding what's going on and a video prepared by CenterCal, the developer of this $300 million project.
Saturday, November 14, 2015
|Redondo Beach Townhouse for Sale|
Real Estate Agents often talk about being a "listing agent" or a "buyer's agent". Is there really a difference? Well, yes and no. There are certain skill sets that are different on each side of the equation and not every agent can effectively do both.
For example, while knowing how to price a home for sale is very important, knowing what a buyer should pay is arguably more important because a) if you can't get properties for your clients you aren't really helping them and b) you don't want deals falling out of escrow because they don't appraise.
I list a lot of Redondo Beach homes for sale but also represent many Buyers as well. This really provides a benefit to both my Buyer and Seller clients. Here's why.
Thursday, November 12, 2015
So whether you are a Buyer or Seller, chances are that sometime after your transaction closes escrow you will be moving. Well that's unless you just sold some investment property or you are buying a home that you were previously renting. Other than that, you are packing and going.
Moving can be expensive and most likely stressful? It’s no wonder most people eventually decide to ditch the DIY approach and hire professionals. But that doesn’t mean the stress goes away. There are plenty of things that could go wrong. To make the day go as smoothly as possible, you need to know how your movers work best. That which includes when you should be there, when you can pitch in, and when you need to get lost. Here's 3 things to consider: Price, Plan, Pack.
Wednesday, November 11, 2015
So every year as we start to get closer to the Holiday Season clients ask me whether it is a good idea to buy or sell Real Estate at this time of year. My answer is "Absolutely" with a few caveats.
For Buyers, considering how low inventory has been and that interest rates most likely will be rising soon, if you can find the home you want in Redondo Beach, no reason whatsoever to wait. Sure there will be more homes on the market after the first of the year but you will be competing against more buyers. And for many sellers who have their home on the market they may be more likely to make a deal now when there are fewer buyers.
If you are thinking of selling now you will also have less competition as other home owners wait until after the first of the year to put their homes on the market. And to the extent that there are buyers out looking right now they are most likely very serious.
Thursday, November 5, 2015
|Redondo Beach 3 on a lot Townhouse|
Condominiums and Townhomes account for roughly half the sales in Redondo Beach CA. For example, currently there are 113 active listings in 90277-90278 of which 61 are identified in the MLS as "condo" or "townhouse". Technically they are all condominiums but most often the multi level units, whether attached, detached or contained within a building, are categorized as Townhomes and the flat apartment like dwellings are called condos. But from a legal or lender perspective the same entity only a stylistic difference.
During October there was a total of 47 sales in South Redondo Beach of which 21 were condos/ or Townhomes and 30 out of 47 in North Redondo Beach. (Yes, kind of a coincidence that there were the same number of total sales in each zip code.)
Currently, North Redondo Beach 3 on a lot attached Townhomes are in very high demand as are detached 2 on a lot units. In South Redondo Beach the buyer demand is for Townhomes west of PCH or detached units anywhere with an ocean view.
Here's some examples of recent sales that I liked.
Monday, November 2, 2015
|Homes Sold in Redondo Beach CA by Ellis Posner|
In this review driven world we currently live in, I feel very fortunate to have 70 Five Star reviews on Zillow of which 31 are from Redondo Beach buyers or sellers. Additionally, based on Zillow's criteria they often rank me as the number one agent in Redondo Beach in at least one out of 4 categories: activity, recent sales, local reviews or active listings. Of course being number one in active listings may not be a good thing because most properly priced and marketed Redondo Beach real estate listings will be in escrow very quickly.
Beyond reviews, what makes a Realtor a top agent in any market?
Sunday, November 1, 2015
|Detached 2 on a lot Redondo Beach Townhouse|
Redondo Beach 2 on a lot Townhomes, in particular the detached 4 bedrooms are in high demand and represent some of the best values in coastal LA beach communities. My buyer clients just had an offer accepted on the unit pictured above so I want to share a few thoughts relative to what is going on in this segment.
New construction units are selling for about $1.2M with a few currently available. As with all current listings, the market is not responding well to anything that is at all out of the ordinary, standard floor plan, cookie cutter. I'll write more about that elsewhere.
But for anything that is in line with what buyers have already seen, there is strong demand. For example, I can think of 2 resales built post 2000 in the 1900 block of Area 151 that were listed for $999,000 and went for up to $50K over which is good value compared to new considering the floorplan is the same. Speaking of floorplan, the units with the extra bonus room on the second floor are in the highest demand.
For a while, these townhomes and 3 bedroom Tall & Skinny SFRs were moving in concert. But now I'm seeing separation with for maybe $50K more you can get 25% more space, an extra bedroom, and most likely a larger yard.
Here's how this unit was described in the MLS: