Real Estate in the Hermosa Beach and Redondo Beach Areas

• I just asked my grandchild what to say on twitter and she said…”Stop following me” I say thank you for following. #
• another day holding open REO in 90505 Torrance Ca. one of only 2 Bank Owned in the whole zip code. great location #

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another day holding open REO in 90505 Torrance Ca. one of only 2 Bank Owned in the whole zip code. great location

I just asked my grandchild what to say on twitter and she said…”Stop following me” I say thank you for following.

Serious shoppers see the value in the Pre Christmas purchases. The tax write off is just a fraction of the goodies in December. The interest rate is at a rare new price, along with gasoline at 2.17 per gallon. FHA loans are still the workhorse loan 85% of people are using. It just beat out a credit union last week said one lender.

Bank owned. It is a crowd drawing magnet. Its also like a zoo. People want to see the animal and are not quite sure what kind it is. It looks like a deal but is it? Beauty is always in the eye of the beholder. The question people could ask…is and always should be what are the average sale prices in the area. Only then will they know if this has value or not. In many cases the property in our area is a great location and is in disrepair in one way or another. Deferred maintenance is usually part of the issue. Buyers must really get a thorough inspection on any house. They have to be prepared to do some work on the bank owned property as a rule.

Happy Shopping!

• REO open house today 37 people want more info and 4 offers. #

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REO open house today 37 people want more info and 4 offers.

Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.  

REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.

I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.

Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.

 This is good news!  I just had to share it…. 

News of the day! They said it…..This is what they said….

“Daily Real Estate News  |  November 12, 2008  

These Cities Are In Line for a Rebound 
Have we reached bottom? In many cities, knowledgeable observers say yes.

In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended ¢â‚¬â€œ and in some places sales have expedited.

“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

• Seattle
• Raleigh
• Des Moines
• Philadelphia
• Denver
• Birmingham, Ala.
• Salt Lake City

Source: SmartMoney (11/01/08)

Activity in our area is still bumpy. A little up and then a little quiet. People waited for after the election, we thought.  

REO’s are selling. One lady at our Church just bought one and has a LOT of fixing up to do. We know about special financing to help that.

I have two short sales for this year one a list and one a buy. There is just a lot of waiting on those.

Progress for me -last month sold one and this month leased one selling 1 and countering one. Thats’ progress.

 This is good news!  I just had to share it…. 

News of the day! They said it…..This is what they said….

“Daily Real Estate News  |  November 12, 2008  

These Cities Are In Line for a Rebound 
Have we reached bottom? In many cities, knowledgeable observers say yes.

In October 2005 at the peak of the boom, the median sales price for a U.S. home reached 7.3 times per capita income. By this May it was 5.7 times, just about the historical norm. Home inventories have flattened. The decline in sales has ended ¢â‚¬â€œ and in some places sales have expedited.

“The indicators are starting to look better,” says Adam York, an economic analyst with Wachovia.

Here are seven markets that SmartMoney magazine says are in line for a rebound:

• Seattle
• Raleigh
• Des Moines
• Philadelphia
• Denver
• Birmingham, Ala.
• Salt Lake City

Source: SmartMoney (11/01/08)

• @googletutor wonderful to find you.everyone needs you #SMWW #
• just got buyer a short sale. Sold one short sale. Found great short sale relationships + REO in RHORS #
• Redondo Beach -eyes watering from fires in CA. Santa Barbara friends ok, Montecito on alert. leave or stay. if you go you dont get back! #

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Redondo Beach -eyes watering from fires in CA. Santa Barbara friends ok, Montecito on alert. leave or stay. if you go you dont get back!