Real Talk About Real Estate

Saturday, December 15, 2012

Check out this great MSN video - Real Estate Mogul Corcoran: 'Great Time to Buy'

Thursday, August 23, 2012

Open House Near Cal State Long Beach

BANK OWNED!!! OPEN HOUSE
Sunday, August 26, 2012
12:00 pm to 3:00 pm

3645 E 17th Street, Long Beach CA 90804-2002

Great opportunity to Save on a home with potential in a highly desirable neighborhood not far from Cal State Long Beach and Long Beach's circle area.

Call me if you have questions at 562-544-9491!

Check out the You Tube Video for this home:

http://www.youtube.com/watch?v=KYU-vaQtVqA&feature=youtube_gdata_player

Monday, August 20, 2012

Invasion of the Real Estate Investor

Both Home Buyers and Home Sellers are experiencing the Invasion of the Real Estate Investor (a.k.a. "Flippers"). Home buyers that are actively putting in offers, to later learn that there are "multiple offers", share their testimonies of their offers being declined for "all cash offers" or "clean offers". Home buyers have expressed their frustration to me that they feel like the investors are not leaving any homes for the Average Joe...working class Americans trying to fulfill the dream of home ownership.

Real Estate Investors have the "CASH" to close deals quickly, and they are quickly buying up homes in the $300,000 and under price range. Sellers are reaping the benefit of the Invasion of the Real Estate Investor. Their homes are receiving multiple offers, that are usually well above the asking price. If a seller receives an offer below the list price, it's common that the listing agent will respond confidently that the seller has instructed them to not submit offers lower than the list price for review. Some listing agents will indicate that no offers will be reviewed until a defined time frame. For example, if the property is listed on a Wednesday, the listing agent my indicate that no offers will not be reviewed until the following Wednesday (to allow further buyer traffic over the weekend).

As a REALTOR, having worked with Real Estate Investors, I recognize that often it is the "Invasion" it self that has breathed life into distressed homes, and communities. Real Estate Investors for years have purchased the 'diamond in the rough' and have rehabbed these homes so that they are habitable for home buyers, who often do not have the capital, interest or capacity to make the necessary repairs.

Here are some tips for Home Buyers, to help survive the Invasion of the Real Estate Investor when making an offer on a home:

Have your REALTOR run a comps report often referred to as the CMA (comparative market analysis) of the most pending, closed sales in the neighborhood for homes similar to the one you are interested in buying.
Leave out the request for a Home Warranty Plan. These plans vary in price $300+ a year, when sellers are looking at offers and comparing apples to apples, this is one less 'concession' in your offer.
Make sure your good faith deposit is at least 1% of the purchase price. This is a small gesture, but shows the home seller that you are a serious buyer.
This is the most difficult one for most first time home buyers....if you can, pay some if not all of your own closing costs. Instead of requesting a 3% credit towards closing costs, for a seller asking 1% OR a set dollar amount like $2,500 may increase your odds of getting your offer accepted.
Put yourself in the sellers shoes. Understand that regardless of the circumstance in which they have decided to sell their home (i.e. divorce, downsizing or death) they want to walk away with as much cash in hand (after paying their fees and commissions) as possible.

If you are looking to buy or sell your home in the South Bay area of Los Angeles County (including Long Beach, Lakewood, Carson, Cerritos, Gardena, Harbor City, San Pedro, Signal Hill, etc). Please contact Lanise Warrior to help you overcome the Invasion of the Real Estate Investor!

WEBSITE: www.socalrealestatewarrior.com
PHONE: (562)544-9491

Tuesday, July 10, 2012

"It's a small world after all"

It's a small world after all! While at Disneyland with our 2 year old he sang the words "It's a small world after all", and I hate to admit, while at the happiest place on earth my mind began thinking about the amazing world of Real Estate!

This past weekend, I had the pleasure if writing two offers for my clients! One offer was for a beautiful condo in Carson, California for a client of Asian decent; the other was for a home in Inglewood for an African American family.

Although we may have cultural differences, religious or political difference, when it comes to buying a home we all want the same thing. I call them the "common interests" of homebuyers:

1. Securing the best possible interest rate & mortgage payment.

2. A well maintained, safe Neighborhood that has the potential overtime to sustain and increase the property value.

3. A home that accommodates the lifestyle and hobbies of the homebuyer.

As your realtor I want to understand your interests, motivations and timeframe for purchasing your next home. I love working with a diverse client population and appreciate that it truly is A Small World After All!

Www.socalrealestatewarrior.com

Wednesday, June 13, 2012

Best Deal in Downey!!! 4 bedrooms, 6 bathrooms, 3,000 square feet - Classified Ad

An oldie, but a goodie!

An oldie, but a goodie! This Saturday, June 16, 2012 from 12pm - 3pm, I will be hosting an Open House at 9335 Parrot Avenue, in Downey, California. This home is truly an oldie, but a goodie! This family home features 4 bedrooms, 6 bathrooms, family room, formal dining room, swimming pool, 3,000 square feet of living area and a .18 acres lot.

Click on link below to navigate you to the video of the home available on You Tube:

http://youtu.be/7g3sGITZQMQ

When I left this home, I tried to imagine this oldie, but goodie in the hay day...Downey became an incorporated city in 1956 (the same year that my mother was born) and just six years after 9335 Parrot was built. I envisioned the wonderful Christmas parties that must have been held in this home, with the beautiful bay window facing Parrot Avenue. This neighborhood in North Downey is known for elaborate Christmas decorations.

This home is indeed an oldie, but a goodie and priced at $539,000 it is a great deal with lots of potential!

Please call Lanise at 562-544-9491 if you are interested in seeing this home or other homes in the Downey area.