It’s Still Location, Location, Location

When we buy a new home, we can remodel the inside, put in new landscaping and so on, but we can’t move the house to a new location. Therefore, we should try to find a home in the best location. Some of the factors in the search should be: Finding a home where the other homes are well-maintained. Finding a property that is known for having good schools. Locating a home that does not have aggravating noises and people constantly hanging out on the street corner. Avoiding a house on a busy street and trying to find one that is located near streets that lead to your place of employment with the least hassle.

When we purchase our home, the location was great. The schools were good; it was close to work; the homes in the neighborhood were well-maintained. The house itself had some problems. A real no-no was the fact that to get to one of the bedrooms, one had to walk through another bedroom. The kitchen was narrow and there was only a narrow place to put a table. We waited for a year or so after buying the house and then started our improvements. We created a hallway so that bedroom could be reached without going through the other; we built out the kitchen and created a beautiful kitchen eating area. We refinished the hardwood floors; we repainted; we upgraded the bathrooms; we built out the master bedroom and more.

My advice is to avoid looking at homes in inferior neighborhoods and also, not to avoid purchasing a home that may need improvements…as long as it’s in a good location.

2018 1st Quarter Sales in Palos Verdes

According to the Multiple Listing Service, there were 141 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 2018. The sales prices ranged from $700,000 to $6,399,999. The average sales price was $1,756,723 after an average of 59 days on the market.

There were 29 closed sales of condominiums and townhouses. The sales prices ranged from $295,000 to $1,650,000. The average sales price was $768,793 after an average of 39 days on the market.

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

2017 Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 692 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 in 2017. The sales prices ranged from $615,000 to $13,840,000. The average sales price was $1,744,479 after an average of 46 days on the market.

There were 194 closed sales of condominiums and townhouses. The sales prices ranged from $240,000 to $2,800,000. The average sales price was $723,062 after an average of 43 days on the market.

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

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,  Loan Originator of Wintrust 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
Loan Originator
NMLS# 322053
22939 Hawthorne Blvd, Ste. 103
Torrance, CA 90505
Mobile:310-971-1856
Office:310-541-0300
MGiltner@WintrustMortgage.com
www.MikeGiltner.com
Wintrust Mortgage

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”.