It’s imperative that you do your research before deciding whether to buy a condo or a co-op. Many people are unaware of their differences, but we’re here to change that. Keep reading to get the lowdown on condos versus co-ops. The Co-op Lowdown What you own: Contrary to what you might think when you buy into a co-op, you’re not buying the apartment itself—you’re buying a share of the building. A corporation usually owns the entire building or land and gives individual leases to every member of the co-op. Changes to the unit: Changes that you are allowed to make to the unit are limited. They have to get approved by the board first. The board: This is hugely important [...]
Increasing share saying now is a good time to buy Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices, according to the latest Home Purchase Sentiment Index from Fannie Mae. Over the past year, home prices have continued to rise, threatening affordability, and housing inventory is falling dangerously low. However, despite these setbacks, Americans continue to hold a positive view of the housing economy. Fannie Mae’s HPSI rose 3.7 points in January to 89.5, reversing the decrease seen the month before and an all-time survey high. This rise is due to increases in five of the six HPSI components. The share of those who said now is a good time to buy a home increased three [...]
Buying a new home is both exciting and stressful. The last thing that anyone needs is to run into issues during the purchase process or to fall into common traps. So before you buy, take a little time to understand the mistakes to which many homebuyers fall prey. Buying with your heart, not your head It is easy to fall in love with a house at first sight and overlook or excuse problem details. Stay businesslike and keep in mind things like repair and maintenance budgets, commute times, issues that come up during the inspection, and the history of the neighborhood. Jumping into a deal could end up with you having buyer's remorse, or even worse, overpaying for a property [...]
Many people tend to use their garages as a dumping ground for old boxes, tools or toys that they never use. Cleaning out your garage can be a liberating experience, but what should you do with all the newfound empty space? Here are some great ideas for repurposing garage space. 1. Home Gym While building a home gym can be expensive at first, it results in long-term cost savings if you are the type of person who will commit to using it. If you already use a gym membership regularly, this is a good sign that you'll commit to your home gym. Don't feel like you have to fully stock your home gym all at once. If you are diligent [...]
Remember the last time you visited a new home development? How did you feel touring the model? Usually, pleasant memories come to mind about how well the home looked. That's because it was "showcased" properly. Home showcasing is not about remodeling, fixing up or making your home look sterile. Instead, it focuses on simple steps to make your home show like a model without spending a lot of money. The secret is setting the stage, which helps potential buyers imagine themselves and their families at home in your "home for sale." Strip Down and Build Up The first step is to clear the set. Take out extraneous furniture, decorations, pictures, etc. Take each room down to its most basic form, [...]
Spectacular lot in PVE with resort-like grounds. Custom Colonial architecture design exudes elegance and charm. Property has been extensively remodeled, most recently in 2013. Ocean and coastline view. Inviting courtyard entrance with water fountain, grand foyer with a Bohemian Crystal Chandelier, 8” wide walnut wood floors in most rooms, Enkeboll Design staircase banisters and molding in entry, formal living and dining rooms overlooking the view of backyard and ocean. Chef’s dream kitchen with Wolf professional range and top-of-the-line stainless steel appliances. Luxurious and private master suite wing has an intimate sitting area with fireplace, and breathtaking view of the garden and ocean. Two family rooms for family living and entertaining. Lush, landscaped backyard with expansive grounds epitomizes tranquility. Features a [...]
Whether you're selling a home or looking to purchase one, you need to be certain that the home in question is in good physical condition. Check out the following list of the 10 most common home "health" problems identified by members of the American Society of Home Inspectors in a recent survey. 1. Improper Surface Grading and Drainage Inspectors rated this problem the most troublesome, with 35.8 percent of those surveyed listing it as their top issue. Responsible for household maladies, such as leaky basements or crawl spaces, grading and drainage problems can be fixed either by regrading the ground away from the house or replacing gutters and downspouts. 2. Improper Electrical Wiring This was rated the most common [...]
Do you own your home? Whether you've invested in a house recently or you’ve been paying a mortgage for a while, there’s a number of tax breaks homeowners qualify for around the country. If you're looking to cut back on your expenses, it's worth learning about possible exemptions for homeowners and getting started on the necessary paperwork. If you’re not already collecting these 10 tax breaks, here’s a breakdown of each one, which you can learn about in more detail when completing your taxes. 1. Mortgage Interest - Under certain conditions like filing your taxes jointly with your spouse, you can deduct the interest you pay on your mortgage if you earn less than roughly $100,000 per year. 2. [...]
If you're starting a family, you might want to consider a neighborhood known for its good schools. Or if your children have graduated, you might want to move to a "hipper" neighborhood. Perhaps your company has moved, and you want to be closer to work. Any of your priorities may have changed over the years. Here are seven ways to evaluate a possible move. #1: Time the Commute to Your Job Perhaps you have been spending hours stuck in traffic to and from work and are looking for a much shorter commute. Just because one neighborhood is closer does not mean that you will get there faster. Time the commute from the different neighborhoods you are considering. #2: Meet [...]
Some the features that increase property values are obvious-like a remodeled bathroom, a modern kitchen, or a sought-after neighborhood. But here are a few features and circumstances you have not have realized can affect property values. The neighbors: Not every neighborhood or community has an HOA that can keep the neighbors from going overboard with decorations or neglecting to care for their home. Homes adjacent to crazy neighbors can potentially be undervalued. Trendy groceries and coffee: Recent statistics suggest that if your home is a short walk from popular grocery stores like Whole Foods or coffee chains like Starbucks, it can actually appreciate faster than the national average. Mature trees: A big beautiful tree in the front yard is [...]
Homes, condos and land for sale and rent in Venice, LA Venice is a residential, commercial and recreational beachfront neighborhood on the Westside of the Californian city of Los Angeles. Venice was founded in 1905 as a seaside resort town. It was an independent city until 1926, when it merged with Los Angeles. Today, Venice is known for its canals, beaches, and the circus-like Ocean Front Walk, a two-and-a-half-mile pedestrian-only promenade that features performers, mystics, artists and vendors. In 1839, a region called La Ballona that included the southern parts of Venice, was granted by the Mexican government to Machados and Talamantes, giving them title to Rancho [...]
WASHINGTON (April 21, 2017) — Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March. Total existing-home sales 1, https://www.nar.realtor/topics/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, ascended 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February. March's sales pace is 5.9 percent above a year ago and surpasses January as the strongest month of sales since February [...]
If you're like most Americans, your home represents the single largest investment you'll ever make. So it makes sense to protect that investment with insurance. Rates for homeowners insurance can vary significantly with a variety of factors, including your home's location and value. Even if you have an average-priced home, the amount an insurer would charge you for homeowners insurance can vary greatly from the average, depending on the risks involved. The greater your risks, the higher the premiums. Risks include those from: Natural disasters, such as wildfires or windstorms. Human-caused damage, such as arson, vandalism and theft. The type of construction. The cost of rebuilding. Of course, you can't change the weather. But there are eight things you can [...]
If you're considering purchasing a home, you've likely already considered how much you have available for a down payment, what an ideal mortgage payment would be, and how much home you can actually afford based on your monthly income. But what about your lifestyle? Have you considered how much wiggle room you need to leave in your home budget to enjoy life? Here are six life factors to consider when buying a home: 1. Travel Travel is an important goal for many people. Think about the travel goals you have for yourself: Where do you want to go? What do you want to see? How long are your ideal trips? How much money would you need on an annual [...]
Market Report for Manhattan Beach Homes for Sale – Wondering the Value of Your Home For a complimentary comparative market analysis, please contact us so we can discuss your home’s value. Real estate agents know how to sell homes. Successful sales balance four components: the market, price, condition of the house, and exposure. Do you need an in-depth report? Call or email us today!
Market Report for Lomita Homes for Sale – Wondering the Value of Your Home For a complimentary comparative market analysis, please contact us so we can discuss your home’s value. Real estate agents know how to sell homes. Successful sales balance four components: the market, price, condition of the house, and exposure. Do you need an in-depth report? Call or email us today!
Market Report for Hermosa Beach Homes for Sale – Wondering the Value of Your Home For a complimentary comparative market analysis, please contact us so we can discuss your home’s value. Real estate agents know how to sell homes. Successful sales balance four components: the market, price, condition of the house, and exposure. Do you need an in-depth report? Call or email us today!
Market Report for Redondo Beach Homes for Sale – Wondering the Value of Your Home For a complimentary comparative market analysis, please contact us so we can discuss your home’s value. Real estate agents know how to sell homes. Successful sales balance four components: the market, price, condition of the house, and exposure. Do you need an in-depth report? Call or email us today!
Homes, condos and land for sale and rent in Redondo Beach, CA Redondo Beach is one of the three Beach Cities located in Los Angeles County, California, United States. The population was 66,748 at the 2010 census, up from 63,261 at the 2000 census. The city is located in the South Bay region of the greater Los Angeles area. Redondo Beach was originally part of the 1785 Rancho San Pedro Spanish land grant that later became the South Redondo area. The city's territory has an unusual shape including an area along the beach (South Redondo Beach) and another strip inland from Manhattan Beach and Hermosa [...]
Homes, condos and land for sale and rent in Hermosa Beach, CA Hermosa Beach is a beachfront city in Los Angeles County, California, United States. Its population was 19,506 at the 2010 census. The city is located in the South Bay region of the greater Los Angeles area and is one of the three Beach Cities. Hermosa Beach is bordered by the other two, Manhattan Beach to the north and Redondo Beach to the south and east. The city's beach is popular for sunbathing, beach volleyball, surfing, paddleboarding and bars. The city itself extends only about 15 blocks from east to west and 40 blocks [...]