FIRST HALF CLOSED SALES IN PALOS VERDES

According to the Multiple Listing Service, there were 347 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the first half of 2017.  The sales prices ranged from $640,000 to $13,840,000.  The average sales price was $1,761,487 after an average of 48 days on the market.

There were 91 closed sales of condominiums and townhouses.  The sales prices ranged from $240,000 to $1,310,000.  The average sales price was $678,865 after an average of 47 days on the market.

If You Want the Best Real Estate Financing…

If you are planning to purchase a new home or would like to refinance, contact Mike Giltner, Senior Loan Officer of Nations Mortgage.  I have known him for many years and he has arranged financing for my clients and for me, personally.  You will not be disappointed!

Mike Giltner | Senior Loan Officer

Nations Mortgage

Direct: 310 421-4670

Cell: 310 971-1856

Nations Mortgage Website

22939 Hawthorne Blvd. #202  

Torrance, Ca  90505

When Selling, Don’t Overlook the Details

There are so many things to do when you are selling you home: making sure the house is clean all the time; making sure you answer all the calls from agents wanting to show it to prospective buyers; finding somewhere to go when showings take place; and so on and so on.

A very important part of the marketing process (a detail), is the listing itself. Don’t forget to ask your agent (hopefully me) to show you the listing submitted to the Multiple Listing Service. I’ve noticed that some agents take tons of pictures and many of them do not show the best features of your home. A townhouse listing I was looking at had ten pictures of the outside stairways, the front door, and even a picture of a neighbor’s dumpster! It’s not the number of pictures, it’s the pictures themselves. Also, we are able to label the pictures, and they should all be labeled. If your property has a view of the ocean, coastline or city lights, there should be good photos of the view, not extensive verbiage about how spectacular the view is. If the listing reads, “spectacular, panoramic views of the ocean and coastline”, and a prospect sees the home and notices that there is only that view if you are out on a deck with a telescope, he may be so disappointed that he will pass on your home. However, if the description is accurate, or maybe even under-played a little, the prospect may just fall in love with the view, and the offer to purchase will be put on the table. Unless your bathrooms are simply spectacular, there should not be pictures of them. If you have a large yard, as long as it is well kept, include pictures that show how large it is.

If the showing appointment times are limited and your home is difficult to show, it will be difficult to sell. Perhaps asking for offers “subject to inspection” may be an option.

I’m sure I haven’t covered all the little details, but remember that “the devil’s in them”.

A Brief Suggestion for Those Looking at Houses to Buy

When I show homes to potential buyers, I notice that I am always looking up toward the ceiling in the rooms. I often notice evidence of leaks. It dawned on me that when buyers are viewing homes, if they are couples, one should be looking up, as I do, but the other should be looking down. That way, any potential problems with the property should be detected.

Some Little Tips for Selling Your Home

1. Pricing it right: Find out what your house is worth and work with your agent (hopefully me!) to establish a price that will bring buyers with offers.
2. Half-empty closets: Storage is something a buyer is looking for and never have enough of. Take half the stuff out of your closets, then neatly organize what is left. Be sure to keep all your closets and cabinets clean and tidy.
3. Light it up: Maximize the light in your home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs, and cut the outside to let in sunshine.
4. Conceal your pets: Not everyone is a dog or cat lover. The bowl of dog food, the smell of the litter box, tufts of pet hair may give buyers the impression that your house is not clean.
5. Do not over upgrade: Quick fixes before selling should pay off, but major makeovers may not. Do updates that that will pay off and get you top dollar. Get a new fresh coat of paint on the walls (I have a great painter, if you need one), replace door handles and cabinet knobs, fix leaky faucets and clean the grout (a toothbrush with cleanser works),
6. Depersonalize: The more personal items in your house, the less potential buyers can visualize themselves living there. Also, I have had buyers who looked at personal items so much that they really did not see the features of the home.

Five Steps to Create the Kitchen of Your Dreams

When you decide to remodel your kitchen, follow these steps to design the space you have been dreaming about:

  1.  Create a budget:  It is important to determine how much you are willing to spend to achieve your ideal kitchen.    If you need basic upgrades or a complete remodel, setting your budget will help create a realistic plan from the start.
  2. Think about what you need and what you want:  Think about how you use the kitchen.  Do you do a lot of baking and need more counter space for rolling out confections?  Would you like to have a stone oven for your homemade pizza?  There is one area that everyone should update-the kitchen faucet.  Because it sees so much use on a daily basis, think about ways to make tasks easier, like installing a new pull down faucet.  No matter what the task, you will quickly notice the difference made by this simple update.  Beyond a new faucet, here are some of the most popular items for the kitchen:  A chef’s stove is a dream appliance.  Use soft, neutral colors in the kitchen.  Purchase stainless steel appliances.  A custom pantry is a popular kitchen storage item, followed by a utensil drawer.
  3. Research and plan:  Sources for ideas and inspiration are infinite, especially online.  Visit sites like Pinterest and Houzz that provide design concepts for your new kitchen.  Visit a kitchen showroom .  Magazine articles and features can also provide valuable how-to information.
  4. Determine your approach:  Will you hire a professional or do most of the work yourself?  Moving walls or doing electrical work is best left to licensed contractors and electricians.  You may be comfortable installing a new faucet or painting your new space, but remember that when you do-it-yourself, fixing one thing may lead to other jobs that need to be accomplished.
  5. Get to work:  With the perfect plan and a list of updates to incorporate, you will be able to create your new kitchen space.