JackFlemingRealEstate

Your Agent, every step of the way! 310-748-5206 JackFlemingRealEstate@gmail.com

BEAUTY IN LUNADA BAY SOLD!

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ANOTHER WONDERFUL LISTING SOLD!!

OFFERED AT $1,515,000. SOLD AT $1,520,000!

 

sold-avenida-mirola

Great Yard

In one of the most sought after areas in Palos Verdes, this 3 bedroom 3 bath Cape Cod Ranch home has an ample set back for privacy. It features an open floorplan with soaring white washed plank wood ceilings, a formal living room with beautiful fireplace and solid hardwoods, family room with slate tile inlay floor with 3 sets of glass sliders leading to the large deck, spa and yard for entertaining. There are 3 nice sized bedrooms including the bright Master Suite featuring a walk in closet and en-suite bath. The spacious kitchen with stainless steel appliances and breakfast area is right off of the living space. Other features include a 2-car garage with additional space for boat or 3rd car , separate interior laundry room, welcoming front porch. Across from the Via Pacheco Park, and just a few blocks to the beach, it is close to award winning schools, shops, restaurants.

http://mrmlsmatrix.com/Matrix/Public/Portal.aspx?k=3378048XNCG5&p=DE-335644536-718#1

 

Hosting Open House Today Manhattan Beach Home

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9th street manhattan bch

You have always dreamed of living in the prestigious Hill Section of Manhattan Beach in a grand, remodeled home w/ a large yard. You’re in luck dreams really can come true! This expansive home enjoys nearly 4,000 sf & sits on a large 7,500 flat lot. Spread out w/ 4 bed, 3 bath, formal living room/dining room, office/tv room & beautiful kitchen! This home has an ideal layout w/ 3 bedrooms upstairs including the master, plus addl bonus room that can be converted into another bedroom. Downstairs you’ll find the formal entry, living room & dining space, as well as a family room w/ wet bar, 4th bedroom & kitchen. Located in the middle of the lower level, the kitchen has black, top of the line appliances, granite counters, breakfast bar & is open to the family room/breakfast nook. The master bedroom is fit for a King & Queen w/ vaulted ceilings, private balcony overlooking the yard & custom his/hers walk-in closets. The en-suite bath is luxurious w/ double sinks, large shower, vanity & fireplace. All this, plus you get an extremely private, large yard that has a raised wood deck, lush vegetation, organic garden, apple tree & built-in BBQ under the peaceful pergola. This property is the quintessential home for entertaining & enjoying time with family & friends!

http://mrmlsmatrix.com/Matrix/Public/Portal.aspx?k=3378048XNCG5&p=DE-330732432-329#1

Southern California Home Prices Continue to Soar

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According to the LA Times, in 2015 The Southern California median price climbed 2.4% from February to $425,000 after hovering around $415,000 since May. Home sales surged 11% in March from a year earlier — only the third gain in 18 months, real estate firm CoreLogic said Thursday.

http://www.latimes.com/business/la-fi-home-prices-20150416-story.html

8 Great DIY projects to increase sales!

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Looking to sell soon? Here are 8 great home improvements to make swift impact. Then, call me to market your home!

http://www.houselogic.com/home-advice/home-improvement/budget-home-improvement-ideas/?cid=eo_em_mkt_newsletter

The South Bay Market Trends continue to be good!

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http://www.southbaydigs.com/market-statistics/south-bay-macro/

Below charts courtesy of South Bay Digs Magazine

Real Estate Market Chart by Altos Research www.altosresearch.com

12 Tips for Spring Home Buying in a Sellers Market, from Money Magazine

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This was a fantastic article! I hope it helps you if you are thinking of buying. Let me know how I can assist!

http://money.usnews.com/money/personal-finance/articles/2015/04/13/12-tips-for-spring-homebuying-in-a-sellers-market

With spring finally here for most of the nation, prospective homebuyers can look at houses and condos without traipsing through snow and ice. Better weather, plus the traditional belief that families search for homes so they can move in between school years, makes spring a major homebuying season in much of the country.

“Especially considering this winter, we’re expecting a very busy spring season,” says Daniel Hedaya, president of Platinum Properties in New York City. “We’re already seeing an uptick.”

The biggest challenge facing homebuyers in many markets may be finding a home to buy. The inventory of available homes for sale remains low in many cities, especially in certain price ranges.

At the end of February, according to the latest data from the National Association of Realtors, there was nearly a five-month supply of homes available for sale, slightly below the number available a year earlier. That means that, at the current sales rate, it would take five months to sell all the listed homes. That’s a nationwide average, and the supply is even tighter in many cities. A six-month supply is considered a balanced market.

 “Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsuitable levels,” said Lawrence Yun, the chief economist for the NAR, in a news release. “Stronger price growth is a boon for homeowners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before rates rise.”

The median price of a home sold in February was 7.5 percent above the median price a year previously, according to NAR data.

A seller’s market means that buyers have to be smart and prepared if they want to get the right house at the right price. Agents suggest that prospective buyers start by looking online at homes, narrowing down neighborhood choices and deciding between must-have and preferred features.

At the same time, buyers should visit a mortgage professional and get their financing in order. It’s best to start that process before you start looking at homes, in case your credit needs repair or you need to pay off debts to qualify for a mortgage. In a competitive market, agents may not even show homes to buyers who don’t have a mortgage preapproval.

A desirable listing may be sold in days or hours, meaning there is no time to organize financing or mull over preferred features before making an offer.

“Any market here in the Midwest is very fast-paced right now,” says Missy Price, an agent with Better Homes and Gardens Real Estate Kansas City Homes. “If they do see the property that they want and they love, they’re going to have to act on it.”

It’s also important to know how much house you can afford before you get started. Looking at more expensive houses and then scaling down several thousand dollars often leads to disappointment. “I do not like to show somebody out of their price range unless the house is terribly overpriced,” says Sharon Voss, president of the Orlando Regional Realtor Association and an agent with Watson Realty Corp. “You get people prequalified, and you’re not going to have a problem.”

Here are 12 tips for buying a home this spring:

Get mortgage prequalification or, even better, preapproval before you start shopping. This helps you know what you can afford and makes your offer much stronger in the eyes of a seller. In a competitive situation, you may even consider waiving the mortgage contingency clause, which is something you want to avoid unless you are sure you can get the loan. “In New York City, it’s always advisable to see if you can go in without a financial contingency,” Hedaya says. “It’s a market that’s dominated by cash.”

Find a good agent. Using a real estate agent costs buyers nothing because the seller pays the real estate commission. Ask friends, family and co-workers for referrals. Look for a full-time agent who works often in the neighborhoods where you’re looking. You may want to interview several agents to find a good fit. If you can only look for homes on weekends, for example, you don’t want an agent who takes weekends off.

Do your research. Use the Internet and apps from major portals such as Zillow, Trulia and Redfin to research neighborhoods and asking prices for the type of home you want. But you should keep in mind that you’re not always getting a complete picture.

Visit neighborhoods you’re considering at different times of day. A neighborhood that’s quiet during the middle of the workday may be noisy and crowded at night and on weekends. Get out and walk the streets, talking to people who live in the neighborhood, visiting shops and restaurants and “trying out” your desired location. Drive to and from work during commuting hours to get an idea of what a typical day might be like.

Expect to provide lots of documentation to get a mortgage. Since the recession, mortgage lenders have become much stricter about documentation, income verification and other paperwork. Well-qualified buyers can still get a mortgage, with rates for 30-year loans at 3.66 percent last week. “Borrowing has become much, much more difficult,” says Steve Roney, CEO and owner of Berkshire Hathaway HomeServices Utah Properties. “It has become a much more cumbersome process.”

Separate your needs from your wants. In a competitive market, most buyers find they have to compromise on location, amenities or condition of home. It’s easier to make a choice when you know going in which features you must have and which you’d like to have but can live without. “Be flexible,” Hedaya says. “Be prepared to compromise.”

Be ready to move fast. A well-located house in good condition and priced right will sell quickly, sometimes the first day it goes on the market. You need to be ready to make a decision when you find a home you like. “You have to be prepared to act fast because we’re seeing bidding wars,” Price says. “If they don’t know what they want, the property is going to be gone.”

Don’t expect to get a smoking deal. The days of getting a house at a discount are long gone. That doesn’t mean you can’t ever get a substantial discount on a house that needs work, is in a less popular location or otherwise is in less demand. But in a seller’s market, there is usually very little negotiating room on price.

Understand that no house is perfect. Making your offer contingent on a home inspection is a good move, but all homes have small defects. Many sellers won’t fix anything, and there is no reason for them to if there is a backup offer waiting if you walk away. “You can’t nitpick a house,” Voss says. “It is a used house.”

Find a way to sweeten your offer. Most buyers can’t pay all cash, but there are ways beyond price to make your offer more attractive to a seller. Have your agent ask the seller’s agent if he would like a faster or slower closing. Consider whether you can waive mortgage or inspection contingencies (which does not mean forgoing an inspection), go without a seller-provided warranty or otherwise improve the deal from the seller’s perspective.

Don’t buy more than you can afford. Lenders will often approve a buyer for a higher payment than he or she can make comfortably. When you’re calculating what you can afford to pay, remember that a mortgage payment is only part of the cost of homeownership. “Buyers should make sure they’re taking into account all the secondary costs,” Roney says, including insurance, taxes, lawn maintenance, condo or homeowners association fees, repairs and even furniture.

Don’t buy a house you don’t love. While most buyers may have to compromise on some of the features they wanted, they shouldn’t settle for a home they don’t like. If you don’t find the right home this year, maybe you should rent and try again later rather than make a purchase you’ll regret. “Make sure that you have a really strong emotional attachment to what you want to buy,” Roney says. “Make sure you love it before you buy it.”

Southern California is paradise! Call or email me to discuss how you can get your slice of heaven!

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The National Association of Realtors is forecasting a positive year for real estate in 2015. With low interest rates and pent-up demand sales should be strong for the year.

http://realtormag.realtor.org/news-and-commentary/economy/article/2015/01/2015-forecast-gains-ahead#.VMKZXJJkGIE.facebook

call me at 310-377-5608

email JackFlemingRealEstate@gmail.com