Friday, August 23, 2013

10 - Low Cost Tips To Improve Your Palos Verdes Home's Curb Appeal!

10 Low-Cost Tips to Improve Palos Verdes Homes Appeal

When selling Palos Verdes homes, the goal is to sell it quickly for the highest price while investing as little as possible in renovations. With a limited budget and a little effort, you can greatly increase your home’s appeal by focusing on what prospective buyers can see on their first visit.  Here are some recommendations I’ve gathered for preparing a house for sale and staging it for showings. Palos Verdes homes

Tip #1: Refresh the exterior
First impressions count when it comes to selling Palos Verdes homes. Most buyers won’t even leave their car if they don’t find the exterior appealing. The best ways to improve your home’s exterior include:
-Repairing and/or replacing trims, shutters, gutters, shingles, mailboxes, window screens, walkways and the driveway.
-Painting siding, trim and shutters and lamp and mailbox posts.
-Pressure washing vinyl siding, roofs, walkways and the driveway.
-Washing windows.



Tip #2: Spruce up the lawn and landscape
Palos Verdes homes buyers associate the condition of your lawn and landscaping with the condition of your home’s interior. By improving the outside, you affect buyers’ impression of the entire property. The best ways to enhance the yard include:
-Mowing and edging the lawn.
-Seeding, fertilizing and weeding the lawn.
-Keeping up with regular lawn maintenance by frequent watering.
-Trimming and/or removing overgrown trees, shrubs and hedges.
-Weeding and mulching plant beds.
-Planting colorful seasonal flowers in existing plant beds.
-Removing trash, especially along fences and underneath hedges.
-Sweeping and weeding the street curb along your property.

Tip #3: Create an inviting entrance
The front door to Palos Verdes homes should invite buyers to enter. The best ways to improve your entry include:
-Painting the front door in a glossy, cheerful color that complements the exterior.
-Cleaning, polishing and/or replacing the door knocker, locks and handles.
-Repairing and/or replacing the screen door, the doorbell, porch lights and house numbers.
-Placing a new welcome mat and a group of seasonal potted plants and flowers by the entry.

Tip #4: Reduce clutter and furniture
A buyer cannot envision living in any of the Palos Verdes homes for sale without seeing it. A home filled with clutter or even too much furniture distracts buyers from seeing how they can utilize the space your home offers. If you have limited storage space, you may want to consider renting a temporary storage unit to place items you wish to keep. The best ways to declutter your home include:
-Holding a garage sale to prepare for your move, getting rid of unnecessary items.
-Removing clutter such as books, magazines, toys, tools, supplies and unused items from counter tops, open shelves, storage closets, the garage and basements.
-Storing out-of-season clothing and shoes out of sight to make bedroom closets seem roomier.
-Removing any visibly damaged furniture.
-Organizing bookshelves, closets, cabinets and pantries. Buyers will inspect everything.
-Putting away your personal photographs, unless they showcase the home. Let buyers see themselves in your home.
-De-personalize rooms as much as you can.

Tip #5: Clean, clean, clean
The cleanliness of Palos Verdes homes for sale also influences a buyer’s perception of its condition. The appearance of the kitchen and bathrooms will play a considerable role in a buyer’s decision process, so pay particular attention to these areas. The best ways to improve these areas include:
-Cleaning windows, fixtures, hardware, ceiling fans, vent covers and appliances.
-Cleaning carpets, area rugs and draperies.
-Cleaning inside the refrigerator, the stove and all cabinets.
-Removing stains from carpets, floors, counters, sinks, baths, tile, walls and grout.
-Eliminating house odors, especially if you have pets.
-Considering air fresheners or potpourri.

Tip #6: Make minor repairs
The small stuff does count, especially with first-time home buyers or with experienced sophisticated buyers who just don’t have time to do the small stuff when buying one of the Palos Verdes homes that are for sale. Without dismissing the importance of repairing major items such as a leaky roof or plumbing, you do not need to spend money on replacing these items. Instead, focus on the minor repairs that will make your home visually appealing. The best ways to improve your home include:
-Repairing ceilings and wall cracks.
-Repairing faucets, banisters, handrails, cabinets, drawers, doors, floors and tile.
-Caulking and grouting tubs, showers, sinks and tile.
-Adding fresh paint to ceilings, walls, trim, doors and cabinets.
-Tightening door handles, drawer pulls, light switches and electrical plates.
-Lubricating door hinges and locks.

Tip #7: Showcase the kitchen
The heart of any home is the kitchen; the same is true for Palos Verdes homes. If you are going to spend any money on renovations, this is the one area where you will see the greatest return. Even with a modest budget, focusing on a few key areas can make a great difference in getting the asking price for your property. The best ways to showcase the kitchen include:
-Replacing cabinet doors and hardware.
-Installing under-cabinet lighting.
-Replacing light fixtures.
-Replacing outdated shelving with pantry and cabinet organizers to maximize space.
-Baking cookies or cupcakes for a showing, to create a homey smell.

Tip #8: Stage furniture
Furniture placement can enhance the space of Palos Verdes homes while giving buyers an idea of how to best utilize the space with their own belongings. Take some time to rethink how different areas in your house could be used. Some ideas to think about include:
-Moving couches and chairs away from walls in your sitting and family rooms to create cozy conversational groups.
-Creating a reading corner in the master bedroom.
-Clearing an empty room to set up a reading space.
-Turning an awkward space into a home office.
-Setting the dining room table with your best china.
-Set wine glasses in front of the fireplace or next to a Jacuzzi tub.

Tip #9: Light up the house
Create a sense of openness and cheerfulness in your home through its lighting. To improve the lighting try:
-Opening shades and drapes to let the sunshine warm and brighten rooms.
-Installing brighter light bulbs in rooms that tend to be dark.
-Adding additional lamps for ambient lighting.
-Turning on all the lights for a showing.

Tip #10: Add fresh touches
You can easily add color and style to Palos Verdes homes by adding fresh touches throughout. Some ideas to consider include:
-Placing fresh floral arrangements in the entry and master bedroom.
-Placing bowls of bright-colored fruit in the family room and the kitchen.
-Filling an empty corner with a potted leafy plant.
-Setting new hand soap in the bathrooms.
-Displaying fresh towels near sinks.


Feel welcome to use the property search tool  below to find Palos Verdes homes for sale AND find those that have sold to compare and contrast with those homes currently on the market.
ITS A GREAT TIME TO SELL YOUR HOME! 
If You or Someone you know is interested in selling their home, I can help! Please call or email me and we will find out what your home is worth!

Thursday, August 8, 2013

South Bay House Prices Continue To Rise


The average price for a single-family home in the South Bay rises another 7.1 percent in June.
South Bay housing prices continued to climb in June, according to new statistics released by the South Bay Association of Realtors.

According to the organization, the average prices of a single-family home in the South Bay increased 7.1 percent while the average price for a condominium or town home jumped more than 29 percent, compared to one year ago.

          
















“The South Bay housing market appears to be more stable than it was at this time last year,” said South Bay Association of Realtors President Sheri Fejeran. “However, we are calling on state and federal governments to support home ownership with positive affirmation of tax benefits to families buying a home.”


In June, the average price of a single-family home in the South Bay rose to $706,797 compared to an average price of $660,084 in June 2012. The average price for a condo or town home in the area currently sits at $577,405 compared to $446,784 one year ago.

ITS A GREAT TIME TO SELL YOUR HOME! 
If You or Someone you know is interested in selling their home, I can help! Please call or email me and we will find out what your home is worth!

Wednesday, July 31, 2013

Why Selling Your Home In Rancho Palos Verdes & Pennisula Is Profitably a Great Idea!

RANCHO PALOS VERDES | Market Trends


PALOS VERDES PENINSULA | SECTION BY SECTION


Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates are the predominant cities. The area overall is home to golf courses, country clubs, and the beautiful South Coast Botanic Gardens. On the coast is the location of the former Marineland of the pacific which was an aquatic theme park, now occupied by Terrenea Resort. Wayfarers Chapel and Point Vicente Lighthouse are on the national register of historic places and Point Vicente Park is a popular spot for watching the migration of gray whales to and from their breeding lagoon in Baja California.

RANCHO PALOS VERDES

Rancho Palos Verdes consists of 13.5 square miles of land. Features the neighborhoods of Palos Verdes Drive East, Mira Catalina, Palos Verdes Drive South, West Palos Verdes, Country Club, Silver Spur, La Cresta and Los Verdes.

DEMOGRAPHICS:

Population: 41,643
Median age: 47.8
Median household income: $120,334
Persons per household: 2.65
Persons per Square mile: 3,070
*Source: information From Data in the 2010 U.S. Census.
In Rancho Palos Verdes & Pennisula Region, Home Sales Are Up, Sale Prices and Price/SQFT
Are Up, Days On Market Are Down, And The Median Sale Prices Are Up. 
ITS A GREAT TIME TO SELL YOUR HOME! 
If You or Someone you know is interested in selling their home, I can help! Please call or email me and we will find out what your home is worth!
90-day stats for Single Family properties in
RANCHO PALOS VERDES, CA 90275 as of July 26, 2013
Median List Price:$1,342,923Average List Price:$2,125,500
Total Inventory:106Price per Square Foot:$496
Average Home Size:2,672Median Lot Size:12,256
Average # Beds:4.18Average # Baths:3.11
Homes Absorbed:10Newly Listed:11
Days on Market:101Average Age:39
90-day stats for Condo properties in
RANCHO PALOS VERDES, CA 90275 as of July 26, 2013
Median List Price:$563,344Average List Price:$686,183
Total Inventory:26Price per Square Foot:$395
Average Home Size:1,385Median Lot Size:n/a
Average # Beds:2.25Average # Baths:1.83
Homes Absorbed:3Newly Listed:3
Days on Market:103Average Age:39






Sunday, July 7, 2013

Optimistic Real Estate Market Makes Sellers Confident To List Homes

Sellers, it's time to list your home!

In June, Americans got a lot more optimistic about the housing market.
Both the share of Americans who believe now is a good time to sell and the share of Americans who think now is a good time to buy rose sharply from April to June, with widespread reports of rising home prices, according to Fannie Mae.

The share of respondents who say now is a good time to sell jumped 10 percentage points in June, rising from 30 to 40 percent on a monthly basis, according to the results of Fannie Mae’s 2013 National Housing Survey.

That indicates that the number of sellers confident in the housing market has more than doubled in the last year. Just 16 percent said “now is a good time to sell” in April 2012.
“Sentiment toward selling a home appears to be catching up with the strengthening housing market,” said Doug Duncan, senior vice president and chief economist at Fannie Mae. “The share of consumers who think it’s a good time to sell a home spiked this month, the largest increase in the survey’s three-year history.”


















“This jump may foreshadow a gradual return to more normal levels of housing supply from their lows of recent months. In turn, increased housing supply could serve to temper increasing consumer home price expectations. We will closely watch the potential impact of rising mortgage rates on consumer housing sentiment in the coming months.”

 Because now is a great time to list and sell your home, Lupe Andrade, Realtor, at Lupe Andrade RE/Max Estate Properties is here to help and she KNOWS the Southbay and Rancho Palos Verdes Real Estate Market, and knows how to sell your home for top market value, with minimum time on the market.
Give Lupe a call at 310-427-3368 or Email Lupe for  your FREE House Valuation Market Report, and see what your home is worth!

Lupe Andradel Realtor, RE/MAX Estate Properties, is an experienced real estate professional. For dozens of years, Lupe has served hundreds of clients, and bought and sold millions of dollars in real estate.  Lupe's passion is helping individual clients enjoy the buying and selling process by fulfilling their dreams of quality home ownership. Lupe Andrade KNOWS the real estate market in the Southbay and Rancho Palos Verdes, CA.  region.  Give her a call to discuss your plans to buy that perfect home for you or sell and list your home, gather information, and find out what Lupe can do to get you the best market price with the least time on the market!





Tuesday, July 2, 2013

9 Ways to Make Your Offer Irresistible to Sellers


1. Pay cash. Investors have been snapping up homes to flip or rent, and they usually come to the table with cash. Sellers love all-cash offers because they’re less likely to fall through before the sale closes. In January, all-cash transactions accounted for 28% of existing home sales, according to the National Association of Realtors. Cities currently attracting strong investor interest include Atlanta, Detroit, Las Vegas and Phoenix, reports CoreLogic. If you need a mortgage, a low appraisal could cause your bank to back out of the deal, forcing the sellers to put the house back on the market. 


















2. Get pre approved. If you can’t pay cash, you’ll need to get a mortgage. Three or four months before you shop for a home, check your credit reports, says Michael Corbett, a consultant to real estate Web site Trulia and author of Before You Buy! That will give you time to dispute any errors and take short-term steps, such as paying off debts, that will improve your credit score. You can get your reports once a year free from the three major credit bureaus at www.annualcreditreport.com. Then get a bank’s pre-approval. It won’t guarantee that you’ll get a loan, but it will show sellers that a lender has verified your income and credit score and determined that you can afford payments on a mortgage for a certain amount.

3. Make your best offer on price. You may only have one shot to get it right, so make your best offer—what you’re willing and able to pay. Base your offer on recent sale prices of com­parable properties in the neighborhood so that it will pass muster when the property is appraised. If you hold back, thinking you’ll sweeten the offer on the second try, you may lose the property to another buyer.

4. Up the ante. You can add an escalator clause, with which you agree to ratchet up your offer if there’s a higher bid from another buyer. Keep in mind that if you agree to pay more than the market value determined by an appraisal, you’re on the hook for the difference from your own funds.

5. Beef up your earnest money. This deposit signals how serious a buyer you are. Try doubling the amount that the seller requests or that is customary in the area. If you must renege on the offer for any reason allowed by the contract or state law, you’ll get your money back.

6. Pay for extras yourself. These might include some of the closing costs, homeowners association dues that must be prepaid, a one-time contribution to a community-enhancement fund, or a home warranty.

7. Make contingencies palatable. Most sellers prefer offers with no contingencies, but you probably can’t afford to forgo the protection that contingencies provide if you want to cancel the contract. Offset a financing contingency with preapproval and a strong earnest money deposit. If you have enough cash, temper an appraisal contingency by assuring sellers that if the appraisal comes in lower than the purchase price, you’ll pay the difference or split it with them (up to a certain amount). Include a home-inspection contingency, but tell sellers that you will cover the cost of any repairs. If the price tag on those repairs gets out of hand, you can back out of the deal.

8. Write a love letter to the sellers. Lupe Andraded, RE/Max agent says this will help you connect with the sellers, especially if you haven’t met them. She suggests such points as: “We’re relocating from…” “We see ourselves living in your neighborhood or chose your schools because…” “We especially love…” and “We appreciate your accommodating our visits.”

9. Give the gift of time. Express your willingness to work with the sellers’ timetable to go to closing. If the sellers want to remain in the home for a while after closing, offer them a “lease back” or “rent back,” which means that you will be their temporary landlord. This is a legal arrangement, and you’ll need to work out the details with your agents and be sure that the sellers keep their homeowners insurance during their stay. If you are bidding on a short sale, make clear to the sellers that you are patient and can wait for the bank’s decision.

So, is it a good time to sell? Sure is!  

Click Here To See What Your home is Worth - FREE Report

Lupe Andrade, RE/MAX Estate Properties, is an experienced and skilled real estate professional having served hundreds of clients/buyers/sellers/investors. Lupe is committed to her client's satisfaction and knowing she has helped them have an enjoyable, efficient, AND profitable real estate experience. Lupe Andrade KNOWS the market in the Southbay & Southern California regions.  Give Lupe a call to discuss your plans to sell or buy your home, gather information, and find out what can be done right away to get you the best price with the least time on the market!  
Call 310-427-3368 (Ask For Lupe)










































Tuesday, June 25, 2013

WHY IS IT A GOOD TIME TO SELL YOU HOME?


First, of course, we could note what others think. The recently-released May 2013 National Housing Survey by Fannie Mae showed that 40% of responders said that now is a good time to sell a home. That is up from only 16% in May of last year. At the same time, 76% of Fannie Mae's responders said that it is a good time to buy a home -- just a little more than the number of those who thought so last year. Redfin has surveyed real estate agents on the same issue. 82% said that now is a good time to sell, compared to 54% last year.















Probably the best reason for thinking that now is a good time to sell is because now is a good time to buy. "Wait a minute!", you say. "How can that be? Isn't it contradictory?" Well, no, it's not. Whether it is a good time to sell or a good time to buy isn't like a zero-sum game where what's good for one is necessarily not good for the other. Good conditions for buying can mean that there are more potential prospects to sell to. Moreover, just because the conditions for buying are good doesn't necessarily imply that prices must be low. Of course, if they are extremely high, then that won't be a good time to buy.

The low interest rates that have recently been available have done two things for sellers. They have created a larger pool of potential buyers and they also have made it possible for prices to rise without shutting out those buyers. This will not, however, last forever. Even now we see occasional headlines that say things like "interest rates recently roared back up to 4%". (Who ever would have thought that 4% would seem high?) While they currently seem to be in a floating back and forth mode, some day the Fed will reverse course and they will begin to rise.
















Another reason to think that now is a good time to sell is because inventory is still low, meaning there's less competition. To be sure, inventory is creeping up in many markets, but it is still historically low (60% of the peak in 2007). Why is inventory so low? There are disparate reasons, but certainly one of them is the belief that prices will continue to rise. Some people want to wait for that to happen. It is not just owners who think prices will rise. According to the same Redfin survey, 44% of agents thought that prices will rise "a lot" in the next twelve months. Only 11% thought that last year.
Whether it is a good time to sell is always, ultimately, an individual question. What would be the reason for selling? Would it entail another purchase?


So, is it a good time to sell? Sure is!  



Lupe Andrade, RE/MAX Estate Properties, is an experienced and skilled real estate professional having served hundreds of clients/buyers/sellers/investors. Lupe is committed to her client's satisfaction and knowing she has helped them have an enjoyable, efficient, AND profitable real estate experience. Lupe Andrade KNOWS the market in the Southbay & Southern California regions.  Give Lupe a call to discuss your plans to sell or buy your home, gather information, and find out what can be done right away to get you the best price with the least time on the market!  
Call 310-427-3368 (Ask For Lupe)