Thursday, August 18, 2005
Long Beach, Real Estate Market Trends
In the first week of August 2005 there is a total of 597 homes. Properties are still selling with multiple bids. Definately a sellers market. 2 bedroom condos start at around $300,000, 3 bedrooms $360,000, 3 bedroom houses start from $450,000 and 5 Bedrooms at $550,000
Let's Go to the Auction!
LOCATION: 946 HILLDALE AVENUE, WEST HOLLYWOOD, CA. APN #4340-004-0121. These properties are offered together with improvements thereon as is, with no warranty expressed or implied. The estate and the auctioneer make no representations regarding the properties offered for sale. Bidders must rely on their own inspections. No termite clearance will be supplied for these sales. Sold "as is" with no contingencies whatsoever.
DIRECTIONS: THOMAS GUIDE (L.A. COUNTY) P. 592, H-6. SOUTH OF SUNSET BLVD., WEST OF SAN VICENTE BLVD., NORTH OF CYNTHIA ST.. SHOW ME A MAP
DESCRIPTION: LOCATED IN THE VERY DESIRABLE CITY OF WEST HOLLYWOOD, THIS 2 BEDROOM, 1 BATH PLUS 1 BEDROOM, ¾ BATH DUPLEX IS A GREAT FIXER OPPORTUNITY. THE 2 BEDROOM UNIT #946 INCLUDES A LIVING ROOM WITH FIREPLACE, KITCHEN & BONUS ROOM/DEN. WOOD FLOORS THROUGHOUT. THE 1 BEDROOM UNIT #948, HAS A LIVING ROOM & KITCHEN. 2 CAR GARAGE. GRASS YARD. SEPARATE GAS & ELECTRIC METERS FOR EACH UNIT. ENCLOSED BACKYARD PATIO. LAUNDRY ROOM WITH HALF BATH (MAY NOT BE PERMITTED). PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB OCCUPANT. GREAT CENTRAL LOCATION. CLOSE TO SHOPPING AND ENTERTAINMENT.
LOT SIZE: 5,772± SQ. FT.
ZONED: WD R2 SUBJECT TO GENERAL PLAN CONFIRMATION
TAXES: PROPOSITION 13
GLORIA GUNDELFINGER
TERMS: CASH. BUYER TO OBTAIN OWN FINANCING. FINANCING IS NOT A CONTINGENCY TO THIS SALE. PROPERTY SOLD IN "AS IS" CONDITION WITH NO CONTINGENCIES WHATSOEVER. PROPERTY SOLD SUBJECT TO ACCEPTANCE OR REJECTION BY THE ESTATE AND SUBJECT TO COURT CONFIRMATION.
ESCROW PERIOD: 45 DAYS OR SOONER
DEPOSIT: $10,000 CASH OR CASHIER'S CHECK REQUIRED TO BID. BALANCE OF 10% DEPOSIT BY PERSONAL CHECK. CASHIER'S CHECK SHOULD BE MADE PAYABLE TO YOURSELF. IN THE EVENT YOUR BID IS REJECTED, DEPOSIT WILL BE REFUNDED WITHOUT INTEREST.
INSPECTIONS: SATURDAY, SEPTEMBER 3 & 10 (11:00 A.M.- 2:00 P.M.) & HALF HOUR BEFORE AUCTION.
TITLE: SELLER TO PROVIDE STANDARD TITLE POLICY.
PRESENTED BY: LARRY WEINER, AUCTIONEER. PLEASE CALL ME IF YOU HAVE ANY QUESTIONS REGARDING THIS PROPERTY OR THE AUCTION PROCESS @ (818) 501-4888.
TERMS OF SALE
By Order of the Superior Court
2. Sales of these properties are subject to probate court confirmation. Higher bids may be accepted by the court if they are made in court and they are in an amount of at least 10% more on the first $10,000 and 5% more on the amount of the bid in excess of $10,000 of the original bid submitted for confirmation.
3. On the day of auction sale, the high bidder will be required to deposit 10% of the amount of his bid as follows: the first (see terms & conditions for deposit) in the form of cashier's check; balance of the 10% deposit may be in the form of personal check. the purchase contract will require completion of the purchase as follows.
(a) A 45 day escrow shall be opened by the seller at a company of sellers choice.
(b) Bidder's deposit will be applied to the purchase price. Balance of purchase price to be cash.
(c) Seller will furnish policy of title insurance through escrow at sellers expense.
(d) Taxes, rents, fire insurance and interest on encumbrances will be prorated to close of escrow.
(e) Escrow fees to be shared one-half by seller, one-half by buyer.
4. A real estate broker who registers a client with the auctioneer 48 hours prior to auction and attends the auction with his client will receive 50% of the total commission awarded by the court to the seller's broker.
5. All descriptions and information is derived from sources reliable, but no guarantee is expressed or implied. Announcements made on the day of sale will take precedence.
GENERAL INFORMATION
If escrow does not close within the 45 days, or within an extension of time granted by the seller, Probate Code of California Sec. 10350 requires the seller to ask the probate court to vacate the sale. If the court orders the sale vacated, the law requires the deposit to be held by the seller until the property has been sold again and escrow has closed. If the total amount of final sales price, plus the amount of expenses and fees allowed by the court for vacating the first sale, is less than sales price of the vacated sale, the difference is paid from the deposit. If the difference is greater than the deposit, a lawsuit to collect the amount is usually filed.
The zoning information contained herein including but not limited to square footage, zoning and lot size was obtained from sources believed reliable. However, Flans & Weiner, Inc. makes no representation as to the accuracy thereof and recommends buyer consult appropriate professionals to determine same.
The property will be sold in its present "as is" condition (the actual physical condition of the property existing on the date of the auction) with no warranties or contingencies whatsoever. All descriptions of size and location of the property stated in the auction catalog are approximations only. Seller / receiver have not and do not make any representations, warranties or covenants, either express of implied, regarding any matter whatsoever (except for seller's title), including, but not limited to, geological condition, soil condition, asbestos, zoning, existing means or ingress and egress, the availability of utilities, water or the presence of toxic waste materials on, in or under the property.
A standard policy of title will be issued by the seller insuring marketable title. Balance of escrow expenses to be divided equally.
Broker participation invited with registration in writing 48 hours prior to sale. Only brokers with duly registered clients may be permitted at sale. Brokers must attend the auction with client in order to receive a commission.
Seller and auctioneer reserve the right to refuse admittance to or expel anyone from the auction premises for interference with auction activities, nuisance, canvassing or other reasons.
John M. Wall
Neighborhood Real Estate Specialist
Century 21 Results
4909 Lakewood Boulevard, Top Floor
Lakewood, California 90712-2440
Home Office: (562)433-1914
Corporate Office: (562)531-7000
Direct: (562)633-1000 x.450
Fax: (562)408-2121
Email: John.Wall1@Century21.com
Top 10 Reasons You Haven't Called Me.
#10 You enjoy calling agent after agent playing the old "let's swap names" game.
#9 You think I'm going to bite.
#8 You just came from one of those seminars and the Real Estate Guru told you that you needed to listen to all his tapes before you called anybody.
#7 You were going to but forgot.
#6 You own a gas station so you can afford to pump tank after tank of unleaded in your car running around looking at houses that don't interest you.
#5 You first aunt's second cousin's sister Marlene has a real estate license.
#4 Someone lied and told you I would charge you a commission.
#3 You want to pay to much for a house.
#2 Your dog ate your cell phone.
#1 You didn't know I would be tickled pink to give you all the information you want (including addresses) of all the properties you might be interested in.
No kidding, give me a call. I'll give you all the information you need on any property listed in the area FREE, No HASSLES, NO KIDDING.
John Wall
TeamResults@Century21.com (562) 449-8421
Serving All of Long Beach and Southern California Communities
#9 You think I'm going to bite.
#8 You just came from one of those seminars and the Real Estate Guru told you that you needed to listen to all his tapes before you called anybody.
#7 You were going to but forgot.
#6 You own a gas station so you can afford to pump tank after tank of unleaded in your car running around looking at houses that don't interest you.
#5 You first aunt's second cousin's sister Marlene has a real estate license.
#4 Someone lied and told you I would charge you a commission.
#3 You want to pay to much for a house.
#2 Your dog ate your cell phone.
#1 You didn't know I would be tickled pink to give you all the information you want (including addresses) of all the properties you might be interested in.
No kidding, give me a call. I'll give you all the information you need on any property listed in the area FREE, No HASSLES, NO KIDDING.
John Wall
TeamResults@Century21.com (562) 449-8421
Serving All of Long Beach and Southern California Communities
Housing Bubble
The State of Long Beach Real Estate
Or Bubble Bubble Toil and Trouble
The bubble, the bubble - Oh no! The Bubble!!!
Relax, there is no bubble. Here's why. California's Real Estate Market is
directly affected by one thing. Population. Everybody needs a place to sleep and
as long as our population continues to increase so to will the need for housing.
Be it home purchasers or renters - this market will remain hot as long as people
want to live in California communities. Do I smell a mass exodus coming?
______
Long Beach's population according to the United
States Census Bureau:
| Year Surveyed | 2004 | 2000 | 1994 |
| Population | 476,564 | 461,522 | 429,433 |
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