Rent Control-No Pros, Only Cons

Another city in Los Angeles County is aiming to put rent control ordinances into effect and I wonder what is going through the minds of people to even consider them.  When an owner cannot rent his property for an amount that the market will bear, he may just be hesitant to improve his property or even simply maintain his property.  Therefore, before you know it, the area will become rundown and not a good place to live.  If the owner decides to sell the property, the price he will be able to get will be less than before rent control.  Rent control is theft, pure and simple.

 

3rd Quarter Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 207 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 third quarter of 2017.  The sales prices ranged from $615,000 to $9,250,000.  The average sales price was $1,695,038 after an average of 41 days on the market.

There were 55 closed sales of condominiums and townhouses.  The sales prices ranged from $265,000 to $2,800,000.  The average sales price was $785,544 after an average of 37 days on the market.

Please contact me if you have any questions and for a complimentary market evaluation of your home:

310-703-1931

katie@katiemuck.com

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

310-971-1856

 

1st Quarter Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 130 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 quarter of 2017. The sales prices ranged from $640,000 to $13,840,000. The average sales price was $1,808,441 after an average of 67 days on the market.

There were 35 closed sales of condominiums and townhouses. The sales prices ranged from $240,000 to $1,310,000. The average sales price was $627,533 after an average of 52 days on the market.

Contact me today for a complimentary market evaluation of your home:
310-703-1931
katie@katiemuck.com

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.

It Pays to List with a Luxury Property Marketing Specialist

I am a Luxury Marketing Specialist. Special competencies equal the right results for you.  Marketing a luxury property demands competencies over and above those of the typical real estate agent. Thanks to the special training I have received, you can count on me to have the skills necessary to help you accomplish your real estate goals.  No cookie-cutter marketing for your unique property.  Thanks to training, I understand how to develop and implement a customized lifestyle marketing plan for your luxury residence.  You will tap into an international network.  The Institute’s network of luxury real estate experts reaches around the globe. This means there are thousands of luxury agents — located across North America and around the world — with whom I can network.  You will benefit from these valuable contacts.  Put a bigger tool box to work selling your property.  Institute membership provides a long list of special marketing tools which I can put to work for you.  Here are just some of the extra tools available which may be appropriate for your home:

•Proprietary high quality property brochures and other printed marketing pieces specifically designed to appeal to the affluent buyer.

•The ability to enhance the online marketing of your property by listing it in an international Multiple Listing Service which reaches hundreds of thousands of real estate professionals around the world.  One of these professionals may have the buyer for your home.

•Special advertising opportunities in luxury home magazines and websites.

•Special access to Wealth Engine tools for screening and conducting targeted marketing campaigns to financially qualified prospects.

•A long list of vendor marketing partners who provide a wide range of special marketing services.

THE INSTITUTE FOR LUXURY HOME MARKETING® is comprised of real estate professionals who have completed special training in understanding and meeting the needs of the very successful. Unlike other groups of luxury agents, members of The Institute are not limited to those of one real estate company or brand, nor can an agent simply pay his or her money and join.   The Institute is committed to providing the training and tools necessary to help its members deliver outstanding service to the buyers and sellers of luxury homes.