Last week I posted my assessment of how the Coronavirus MAY impact the Long Beach real estate market. This was a theoretical exercise. At the leading edge of the stock market correction and self quarantining, it was too soon to report any results. Anecdotally, I had not seen escrows fall out. My conclusion however was […]
Coronavirus, Market Meltdown & Real Estate
March 19, 2020 By
Coronavirus and Real Estate – First Impressions Friday February 21st, was the last day before the market meltdown. On that Friday the Dow Jones industrials closed a little under 29,000. The following Monday the markets closed down 1,000 points. Tuesday, another 1,000 point drop. Wednesday gave us a reprieve and Thursday we were hit with […]
Negotiating Repairs Like a Pro
March 13, 2020 By
Understanding Your “Very Limited” Obligations as a Seller In the State of California home sellers are only required to install smoke detectors, carbon monoxide detectors (one per floor) and the hot water heater must be properly strapped. That’s it. Everything else is sold “AS IS”. The buyer does however have the right to perform an […]
It’s Time Again to Look at Refinancing
February 24, 2020 By
With interest rates hitting all time lows its once again to look at refinancing your home mortgage. Only this time with a different twist. When you buy a home you have to accept the interest rates at the time of purchase. It is discouraging to know that you are likely to never get the absolute […]
Home Sellers – Be Very Afraid of the Agent that Tells You This….
February 15, 2020 By
“You don’t have to do any fix up, I have buyer that will buy it “AS IS” !!!” Well guess what? So do I. All I have to do is look in my email deleted folder. I have hundreds of buyers wanting to buy my fixer upper listing. These Flippers are so nice that they […]
Pricing Confusion – What’s the Market Telling Us?
January 27, 2020 By
Economically, we are living in strange times. Usual sign posts are not as reliable as they once were and it is leading to contradictory signs. Contradictory indicators have been a re-occurring theme for quite a few years. I will chalk it up to the Federal Reserves machinations and monkeying with money and interest rates which […]
2020 Garage Sale Registration Form
January 10, 2020 By
Garage Sale Application listed inside this article. Click Above first “2020 Garage Sale Registration Form”. CLICK The Link Below – Printable PDF 2020 Garage Sale Registration Form – CLICK!
What Does “As Is” Really Mean?
December 12, 2019 By
Sellers often tell me that they want to sell a property “As Is”. This is where we need to define what “As Is” really means to the seller. There are three possible interpretations. One – “As Is” as it applies in the legal world means there is no “Warranty” included with the property, but this […]
Inventory Hits Record Lows!!!
December 6, 2019 By
The number of homes on the market just hit a record low of 228 for sale. This is the lowest number of homes that I have seen since I started tracking the number in 2005. See Chart Below. During 2003, we also had an extremely low inventory of homes for sale. What however is different […]
Nobody Moves in Long Beach!
November 7, 2019 By
This year I sold a client a home in the Island Village development in Long Beach. My client was looking for something very specific and she needed to sell her home first to buy. She chose to sell her home first in case the perfect home came along, she wanted to be ready to pounce. […]