Torrance, CA Real Estate News

By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
  Here it is the sales from July of 2007 to September of 2008 in the South Torrance Area. Stay tuned for next month when we see how and if the economic damage will affect the South Torrance Real Estate Market. Again, we are seeing buyers coming back into the real estate market realizing that a tangilbe item like property is the best investment. Welcome Back...We just had a home sell in Walteria that had five offers on it and went from a asking price in the high $300K to a selling price well over $500K..I think that the interest rates are motivating buyers to start shopping...concerned that the rates will jump up after the election and they would like to lock in at a low rate now!! Date 7/07 8/07 9/07 10/07 11/07 12/07 1/08 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 For Sale 19 25 25 23 20 ...
Comments 0
By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
September 2008 home sales in Torrance   Average September '08 home price was $524,973 compared with $568,222 in September '07, 8.2% price drop!  Total of 83 homes were sold  last month - compared with 59 sales in Sep '07. This translates into a 41% increase in sales volume!  Average DOM was 65 days compared to 57 days a year ago. Highest priced home sold at $1,060,000; lowest at $217,000 Visit http://www.FantasticTorranceHomes.com for more information on Torrance real estate, Free MLS, latest listings and more. For immediate assistance please call 310.918.5027
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
IF you are a planning on buying a home this year, here is why now is the time! This fall will be a particularly good time for First- time homebuyers to jump in 1. Prices may show a little more dropas the market stabilizes, thanks to the government take over of Freddie Mac and Gannie Mae 2. interest rates are likely to decline as Freddie and Fannie get help. 3. The Federa lHousingAdministration recently boosted it loan limits t $729,750.oo in expensive areas.  It is going to take some that back come Jan. 1, when that loan limit will shrink to $625,000.00 4. THe FHA allows down paments of as little as 3% but will raise to 3.5% in October 1st. People scraping together a down payment should try to set their cloings for the end of this year so down payments from FHA don't go up again. 5. Th...
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Fall Market is here and Yes, The South Bay is still selling ocean view properties are still holding their value despite all the grimm news this week! Here is some great tips for Fall Sellers 2008, call 310-377-6695 for this free home seller's tips 2008 Real Estate for the Soul's Featured Property of the Week: http://activerain.com/blogsview/388938/32646-Coast-Site-Rancho   Rancho Palos Verdes Best Ocean view Condo http://activerain.com/blogsview/306368/4134-Pacific-Coast-Hwy Torrance Newer Home Best Newer Construction http://activerain.com/blogs/palosverdesrealtor4god/tags/homes%20historical Pasadena Victorian Updated and Prestigious Real Estate Articles: http://activerain.com/blogsview/672576/Buyers-How-Much-is http://activerain.com/blogsview/667760/Selling-your-Home-2 http://activerai...
Comments 0
By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Average August '08 home price was $538,916 compared with $648,628 in August  '07, 20.4% price drop!  Total of 103 homes were sold  last month - same as in August last year.  Average DOM was 64 days compared to 38 days a year ago. Highest priced home sold at $1,100,000; lowest at $310,000. Check out recent sales in your area!  Visit http://www.FantasticTorranceHomes.com to search Free MLS! Wondering what your home is worth in today's market?  Visit http://wwww.SouthBayHouseValues.com for Free Internet home evaluation, delivered to your e-mail within 24 hours!   Torrance Beach
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Please seek help from a qualifed real estate professional that can refer you to the right sources.  If I can give you any advice and help, please do not wait to long to seek help. The biggest problem with foreclosure is the time lost in hope that you will find a cure for your problem or one of those letter promising to help will save you.  Majority of those letters are a great loss of time and many con artists are out their praying on unsupecting victims of foreclosure, especially if you have equity in your property. Read below a warning I received from one of my realtor associate. Plesae Pass this on!                                                                                                       Pic courtesy of google.com home protection.com Just last week I heard of a Nurse who ...
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
I received this great notice of our school children having a wonderful event on September 24, 2008 called "See you at the poles."  Please pass this on to your moms and your schools, start organizing this so we can make September 24th a day to be remembered for our children and pray that this will give our children a bold stepping out in faith and uniting in Jesus. Pray that God will put a hedge of protection on all our students who will step out in faith on September 24th.. Here is the letter I recieved from Jay Secular at the ACLJ. "Dear Mary,In recognition of the upcoming nationwide See You at the PoleTM event this year on Wednesday, September 24, I have written a crucial online bulletin regarding students' rights http://www.aclj.org/media/pdf/ACLJ_SeeYouatthePole-2008_090308.pdf and...
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Many of our friends,family and clients May have a friend or relative that has been touched by the recent Foreclosure Problems. Below is a list that may help them to call their lender's loss mitigation department and seek some relief from the financial and emotional stress of being in foreclosure or close to. Most important, Find a realtor that has experience in the short pay offs and foreclosure. Most Realtors that have been around since the 1990-1992 rash of foreclosures became great experts in working with the banks and lenders during the foreclosures of the early 1990's . Currently, especially with the recent Fannie Mae and Freddie Mac bail out, Lenders are more willing to work with the borrower to help lower his interest rate and keep the borrower in the house. In this season, banks...
Comments 1
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
  Torrance Housing Hope: Signs the Housing Market May Rebound in 2009   Most experts agree that 2007 was one the worst years for the Torrance real estate market in a long period of time. People have begun comparing the present market problems to the crash during the 1980's. Though certain aspects, such as prices, may stop falling in the current year, there are signs that the market will truly begin to rebound in 2009. This could signal rises in prices, which have been rapidly dropping in the last couple months. Another reason a 2009 rebound is predicted is that it is believed the market will finally hit bottom in the current year. On the surface, this may cause anxiety, but consumers need to remember that a market must hit bottom before it can fully recover.   Read more »   Past Article...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
1st time looking for a Mortgage in Torrance California? Read these tips first! Mortgage Tips for First Time Home Buyers in the Torrance Real Estate Market Most people have the dream of one day starting a family and living in their Torrance dream home. If you have made smart financial decisions throughout the years, you are most likely very close to reaching your goal. However, there are some tough steps that lay ahead before your dream is a reality. You will need to do tons of research and evaluation to be sure you receive everything you want and can handle. Read Also:  Better for Torrance Citizens: Conventional Home Loans or FHA Loans? If you are close to making the decision to enter the Torrance Real Estate Market, study these tips on mortgages before searching all Torrance Homes for ...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Credit Rating and The FCRA: How They Affect Torrance Real Estate Mortgages It is possible that you are a Torrance consumer who is facing money issues and looking for a quick fix to the problems. Loans are commonly utilized as a way to deal with the situation. Currently, there are a great deal of loan options, such as pawning possessions, asking organizations for some temporary money, loans from commercial lenders, etc. Home loans One option, specifically for people with high debt in Torrance, is a mortgage. A mortgage is just giving up the property title to a company as collateral for a substantial loan. Before receiving the loan, certain terms are set, such as payment amount and dates, and violating the agreement could cause you to lose your property. Unfortunately, some people cannot ...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Ways to Avoid Foreclosure of your South Bay Area Home Tips on How to Avoid FHA Home Foreclosure of Your South Bay Area Home FHA home foreclosures are foreclosed homes that were previously financed by individuals, either by homeowners or investors in the South Bay area. Various situations cause foreclosures: financial difficulties due to unemployment or death in the family, debts from credit card use and others. What to Do When You're Faced with an FHA Home Foreclosure The foreclosure of a South Bay area home can be shocking and demoralizing to any homeowner. However, it can still be forestalled by certain simple measures and proper education. If you own a home in the Palos Verdes Peninsula area (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates), the Bea...
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Yes, you read this right. I predicted that the buyers who were still waiting needed to stop 6 months ago. http://activerain.com/blogsview/487163/Interst-Rates-up-Dont 4/28/08  Courtesy of Google, moneytips.com Why because it is a common known denominator in this down turned housing market that rates will go up when prices go down. Just as rates are going up now. As a buyer in the South Bay you need to do the math and see that waiting is costing you money. Unless you can predict the interest rate future, it does not look like it is going down. Don't wait. I have worked in this market for over 25 years and seen interest rates at 17% in 1981, 7% jump to 11% in 1986 and now from 2005 to 2008 we have watched interest rates go from 5% to 6.75% and more.                                What thi...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Home Loan Readiness for Those Looking to Enter the Torrance Real Estate Market. The American Dream Purchasing a home is one of the largest dreams many people have. One's own home is a symbol of an extended period of hard work and careful planning. Unfortunately, home ownership is not a simple process. For a monetary standpoint, all the options and complications can be extremely confusing. Also, a potential buyer must posses substantial money before even considering entering the real estate market. Read Also:  Torrance California Mortgage for those that are credit challenged! One must analyze their own financial situation before trying to buy a home. This includes carefully looking at savings and current and future sources of income. If one expects to receive a loan, a clear strategy for...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Torrance CA American Dream Comes True with FHA Loans   An Analysis of the FHA for Torrance Citizens Has the idea of purchasing a Torrance home ever struck you? Does it seem within reach and affordable? With FHA home loans, many people are able receive the money necessary for home ownership. What is the FHA? An FHA loan gives the ability for a consumer to buy a property with a tiny down-payment of 3%, in contrast to many other types of loans which require a higher percentage. With this loan program, first-time buyers without much extra money will also see benefits when searching Torrance homes for sale. Realize that the FHA does not actually grant these loans; they insure them.  If a buyer defaults on his loan, the lender will receive payment covered by the FHA.  To receive an FHA loan, ...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Better for Torrance Citizens: Conventional Home Loans or FHA Loans?  What is the difference between FHA and Conventional Home Loans? When selecting a Torrance property, we all want the best possible deal, and for an example, look at your own home.  In the movie "Duplex", Drew Barrymore and Ben Stiller debate many advantages and disadvantages before making the decision to remain in the property. That strategy must be utilized when you decide to purchase Torrance real estate. Read Also:  Torrance CA American Dream Comes True with FHA Loans A place to live, no matter the type, is a major investment, and most consumers cannot afford to pay directly on the spot. This is where mortgages come into play, as they allow for payments over a period of time. Currently, someone purchasing property in...
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
 Prepare you the Seller to sell your house.  Do your best to see the house, no longer as your home, but as a your most major investment to be marketed for the best price.  This is perhaps our hardest challenge as a Realtor. It takes some work and mental adjustment. especially if you have been in the home for 7 o rmore years, you will  have many memories there. Try to not get sentimental but keep in mind your goal. Whether it is getting that extra bedroom so your children can have seperate rooms or downsizing to allow you more freedom to visit those darling grandchildren or keeping a foreslosure off your credit hard as they all maybe it is all for the good. Keep the reason for selling in the forethoughts of your mind.  It is all good and change is hard but it is the only thing we are gua...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Torrance House Values Affect Divorce Rate   Every Torrance homeowner knows a quick glance at today's news will often result in some sort of information on the recent real estate crash. Although some areas have avoided direct effects from the housing crash, the vast majority of locations have been affected in some way. Consequently, almost all homeowners have been hurt in some way from the collapse. Continuing with basic ways of life is becoming more of an issue due to the market fall. Specifically, many more couples are getting divorces as a result of the problems with the housing market. In Torrance and elsewhere, it has become commonplace for divorcing couples to place their home on the market, split the proceeds, and begin their new lives alone. The problem is that with a huge suppl...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Torrance For Sale By Owner: AKA now interviewing Realtors Torrance Homeowner - Warning to Potential For Sale By Owner If you are looking to sell your Torrance CA home, you may think that it would be better to try to sell the home yourself.  For sale by owner may sound like an appealing way to sell your Torrance home.   Just think of the money you could save!    Just stick a sign out front Place an ad in the paper Host a couple of open houses How difficult could it be? What does it take to get your Torrance home sold? Let's talk about what you are getting into and why the commission you pay to an experienced Torrance Realtor may be worth every penny.  There are many things your Torrance Realtor will do for you.  In this highly competitive LA County Real Estate market, the first thirty da...
Comments 0
By Ryan "Rocky" Rockwood
(Keller Williams Palos Verdes)
Turn your Torrance Second Home into a Vacation Rental Savvy Torrance Real Estate Investing: Turn Your Second Home into a Vacation Home and Rent It Out The idea of acquiring a second home has grown more popular over the last few years. In fact, the American real estate business has benefited from the fact that nearly four in ten investments are being made by individuals who want to own their second home. Often, second homes are located in pristine, picturesque locations, such as the Torrance in the South Bay area of Los Angeles California,  that provide their owners a retreat from the whirlwind fatigue of city life. However, for most part of the year, these homes are often empty and left unused. Second Homes: Another Source of Income You can generate income from your second home in Torr...
Comments 0