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Tuesday, March 17, 2015

Why Is Long Beach an Ideal Place to Live?




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You may also call me at 562-900-9430 for a FREE home buying or selling consultation to answer any of your real estate questions.

Long Beach Real EstateHey everyone, thanks for joining me once again. I love Long Beach, and today I want to go over some of the top reasons why I do.

The best thing about Long Beach is right there in its name. The beach is in a beautiful location, nestled on the border of Los Angeles and Orange County. It's close enough where you can go catch a show at the Hollywood Bowl or catch a Clippers game at the Staples Center, but far away enough that you aren't bothered with traffic and big city noise on a daily basis.

One of the next best things about Long Beach is the food scene. This area has some of the best restaurants in the world, and showcases a variety of cuisines for you to indulge in. You name it, we have it here, ready for you to eat in Long Beach.

Finally, the atmosphere of the city is second-to-none. Whether you are enjoying the nightlife, the beach, or the marina, there is always something to do. I think of Long Beach as a cross between living in a small town and a large city. You get all the excitement from the city, but also that wonderful California beach vibe.

These are just a few reasons why we love Long Beach. If you have any questions, be sure to give us a call or send us an email.
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Location: Long Beach, CA, USA

Monday, January 26, 2015

What Will the LA Housing Market Look Like in 2015?


 
Considering Selling? Get a Free Home Evaluation
You may also call me at 562-900-9430 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
Welcome back, everyone. Today I want to go over the real estate market forecasts for 2015 in Long Beach, Orange County, and the Greater Los Angeles area.

In 2012 and 2013, we saw significant home appreciation throughout Southern California. A lot of this demand was fueled by investors coming in and buying homes that were at depressed prices. It was often times difficult for the average home buyer to compete with the all-cash offers that investors were making.

In 2014 we saw the market stabilize and we saw values for the most part remain pretty flat.  California’s housing market moved away from being largely dominated by investor activity and strong competition to a more balanced market.

What does that mean going forward? In 2015, the housing market is expected to continue moving along at a “normal” pace. While it is difficult to define what “normal” means after a decade of volatility, improvements in housing fundamentals along with improvements in the economy and the job market indicate that a better balance will be achieved between traditional buyers and traditional sellers.  

Improvements in inventory of homes available for sale will help fuel demand for homes among buyers. Diminished competition from investors and cash buyers along with slower price appreciation will restore some confidence back among buyers. Sellers on the other hand recognize that the market frenzy seen in 2013 no longer exists and home price growth has stabilized.

The C.A.R. predicts that sales of existing single-family homes will increase in 2015 by 5.8 percent.  Median prices are also predicted to continue rising, with a predicted change of 5.2 percent to $478,700.  And lastly, interest rates on 30-year mortgages are predicted to increase at some point in 2015 and are expected to average about 4.5 percent for 2015.  Price stabilization, historically low mortgage rates and greater inventory should make 2015 a very strong year for the housing market.

If you know of anyone thinking of buying or selling their home we would love to help them.  Thanks for tuning in.
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Location: Los Angeles, CA, USA

Thursday, January 8, 2015

What's the Best Process for Selling Your Old Home and Buying Your New One?



Considering Selling? Get a Free Home Evaluation
You may also call me at 562-900-9430 for a FREE home buying or selling consultation to answer any of your real estate questions.

Long Beach Real Estate Agent
Today I am going to be discussing how to purchase a new home when you already own one. Should you buy first, sell first, or own two at once? I've compiled a list of 5 typical ways to get from your existing home to a new one. Here they are:

1. Temporary Rental 
This is when you sell your home first, and then rent a property for a few months while looking for your new home. This will give you more time to find the perfect home, but will require you to move twice.
 
2. Contingent Offer 
You can make an offer on a new home and have it be contingent on you selling your current home

3. Contingent Sale 
Another option is a contingent sale. This is where you sell your home first, but make the sale contingent on your ability to find a new home. This way you won't close the sale until you've found your new home.

4. Sell and Rent Back
You can also sell your home, and ask the buyers to rent back the home for a few months to get time to purchase your new home.

5. Bridge Loan
A final option is obtaining a bridge loan against the equity on your current property, then using the loan on a down payment for a new home purchase. This gives you peace of mind to find the perfect home, but will result in you having two mortgages for a short period of time.
 
There you have it, the top 5 ways to buy a new home if you currently own one. If you are nervous about this process, you shouldn't be. I'm here to help guide you and provide you with expert advice. If you have any questions at all, please give me a call or send me an email.
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Location: Long Beach, CA, USA
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