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September 2013

Coastal Cleanup Day 2013 – Saturday 9/21

By |2021-07-21T07:45:52-07:00September 16th, 2013|An Agent's Life, Beach Cities, Front Page, Lifestyle in Palos Verdes, Lifestyle in the Beach Cities, Los Angeles, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, San Pedro, Torrance|

Coastal Cleanup Day 2013 is this coming weekend on Saturday 9/21/2013.  Heal the Bay's annual event is the "biggest volunteer day on the planet" and last year's turnout was over 62,000.   They hauled away over 700,000 pounds of trash and 140,000 pounds of recycling items. Local meeting sites range from Malibu to Long Beach.   Palos Verdes sites will be at Malaga Cove (Via Arroyo/Paseo Del Mar) and Abalone Cove.  The beach cities will have many locations including the Manhattan Beach Pier, Hermosa Pier, Redondo Pier (end of Torrance Blvd) and King Harbor at the Port Royal Yacht Club. The cleanup [...]

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August 2013

Palos Verdes Market Update – Video

By |2021-07-21T07:45:53-07:00August 13th, 2013|An Agent's Life, Front Page, Los Angeles, Palos Verdes|

Palos Verdes Market Update - (Video) - Aug 2013  Each month I send a snapshot of the local Palos Verdes real estate market to my clients.  If you live in Palos Verdes and would like to be added to the list I will happily add your name to my mailing list. The report includes an update on all 17 Palos Verdes neighborhoods, a short video and other tidbits of real estate information local homeowners will find helpful.  It's a great way to stay current on the ever-changing real estate market. - Norma (310) 493-8333

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Income Property in Los Angeles–South Bay

By |2021-07-21T07:45:53-07:00August 6th, 2013|Buyer Tip, Front Page, Hermosa Beach, Income Property, Long Beach, Los Angeles, Manhattan Beach, Palos Verdes, Redondo Beach, San Pedro|

I do a quick search each day for a few clients intent on purchasing residential income property in the South Bay of Los Angeles before interest rates creep much higher.  Obviously, their motivation has grown stronger during the past few weeks as rates inch upward. Residential income is scattered throughout the cities of the South Bay area, but some have more income properties than others. Here's a snapshot of income properties available in the South Bay by city: San Pedro:  36 Residential income properties are currently for sale in San Pedro. Palos Verdes: 0 Residential income properties for sale in Palos Verdes. [...]

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July 2013

Why Are Four Unit Buildings in High Demand by Investors?

By |2021-07-21T07:45:53-07:00July 30th, 2013|Beach Cities, Buyer Tip, Front Page, Hermosa Beach, Income Property, Los Angeles, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, Redondo Beach, Rolling Hills Estates, San Pedro, Seller Tip|

  Norma Toering & Team submitted an offer on a four unit residential income property located in the beach cities yesterday.  The listing agent thanked me for the offer and revealed it is one of several offers submitted.  Why are four unit income properties in such high demand by investors?  The answer is simple--it's the financing.  Apartment buildings of four units or less fall within the 1-4 units residential financing guidelines.  Once you make the leap to five plus units, it is considered a commercial building and requires a commercial loan. Most investors want to leverage the purchase in the future [...]

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South Bay Property Value Increases – June 2012 to June 2013

By |2021-07-21T07:45:53-07:00July 24th, 2013|Front Page, Hermosa Beach, Los Angeles, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance|

All the cities in the South Bay have had significant property value increases in the latest year-over-year statistics review.  These are the June reports based on the full May 2012 to May 2013 data, with all single family homes and condos/townhomes included. Up 19.3% - Rolling Hills Up 15.1% - Rolling Hills Estates Up 9.5% - Palos Verdes Estates Up 14.8% - Rancho Palos Verdes Up 4.9% - Palos Verdes Peninsula (unincorporated) Up 22.8% - Manhattan Beach Up 19.6% - Hermosa Beach Up 17.4% - Redondo Beach Up 14.3% - Torrance Up 20.8% - El Segundo Up 19.1% - San [...]

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Higher Interest Rates Affect Sellers Too

By |2021-07-21T07:45:54-07:00July 8th, 2013|Beach Cities, Buyer Tip, Front Page, Los Angeles, Palos Verdes, Seller Tip|

  It is easy to understand how higher interest rates impact buyers; when rates move higher so does a buyer's monthly mortgage payment.  The higher rate means a buyer may not qualify for the loan amount they could get at the lower rate, and may need to adjust their new  home criteria downward. Buyers need more income to qualify for the same loan, their dream home must be downsized and their payments will be higher.  Ouch.    Sellers will feel the effect too.  When the same home costs a buyer more to purchase the trickle down result is they are [...]

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Buying Residential Income Property in Los Angeles County

By |2021-07-21T07:45:54-07:00July 2nd, 2013|Front Page, Income Property, Los Angeles|

It is no secret the residential income property market is red hot due to lower prices (a result of the housing bust of 2008-2012) and the historically low interest rates.  My January 2012 letter to clients recommended income property as a "Buy" niche in an otherwise flat real estate market.  What a difference a year makes--prices are on the rise as are interest rates and it is becoming more difficult to find residential income properties that pencil out, but it is still possible. Buyers must often set aside their quest for perfection (great location, great condition and positive cash flow) [...]

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February 2013

Los Angeles City – Rent Control Info

By |2021-07-21T07:45:55-07:00February 25th, 2013|Front Page, Income Property, Los Angeles|

    Several clients are purchasing or interested in purchasing multifamily investment properties in the Los Angeles area.  The City of Los Angeles is under rent control and it has specfic rules and regs a prospective buyer needs to know about prior to purchasing a property.   Here's some "starter" information with links to appropriate sites where you can delve deeper into the subject of rent control in Los Angeles.   LA City Rent Control - Managed by LA Housing Dept "Rent Stabilization Ordinance" - Summary Applies only to properties inside the LA City borders which in the South Bay includes most of [...]

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November 2012

Norma Toering and Team – Introduction Video

By |2021-07-21T07:46:08-07:00November 5th, 2012|An Agent's Life, Beach Cities, Buyer Tip, Front Page, Hollywood Riviera, Horse Property, Los Angeles, Los Angeles Luxury Homes, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Seller Tip|

Norma Toering and Team - Introduction Video - Norma (310) 493-8333

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July 2012

Hungry, Hungry California Termites

By |2021-07-21T07:46:10-07:00July 13th, 2012|An Agent's Life, Buyer Tip, Front Page, Los Angeles, San Pedro, Seller Tip|

Termite Fumigation Process Underway Termites love to eat and wood is their favorite food.  They are industrious little critters and abundant in Southern California.  Controlling their voracious appetite is big business and is referred to in the California Residential Purchase Agreement.  There is even a special form for buyer and seller to sign designating who will pay for the report to check for termites, the work required to repair the damage they left behind and the fumigation if they are still present.   Yesterday, I drove by one of my listings currently under contract and also under the fumigation [...]

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