Saturday, August 27, 2005

4 Sale, Huntington Beach, Ca.

Huntington Beach Executive Home

This sharp 3 bedroom, 2 bath house on a spacious 6000 sq. ft. lot
located in the heart of Huntington Beach near Bolsa Chica and McFadden

  • 1225 Square feet of living space

  • Italian tile throughout the kitchen

  • Relaxing living room with slate fireplace and beautiful engineered floors

  • Luxury of a master bath

  • Parking for a large RV

  • Gigantic yard with Pool and Spa & plenty of space for a casual party
    or 'nock your socks off backyard bash'!

At $719,917 you'll have to get your offer in today!!! Call or e-mail


Call for a private showing at a time convenient to you.

Team Results is the premier sales team for Southern California. Centrally
located, we're able to serve your buying and selling needs just about anywhere.
When its time to sell or buy, you can count on us.

We believe, "The Difference Between Ordinary and Extraordinary is that
Little Extra!
" Call 562-433-1914 to
find out how we can serve you better. Email us at
or visit the Realty Report Blog online

Century 21 Results, serving all of Southern California for
more than 25 years. Square footage is based on tax records. No warranty or
guarantee for the accuracy of any information provided herein. Buyer must verify
all information prior to purchase. Not responsible for any claim or loss based
on lack of or accuracy of information contained in this advertisement.

Wednesday, August 24, 2005

Move out inspection for renters and their landlords.

Project Sentinel's Rent Watch had an interesting item in the Apartment Management Magazine that addressed a question I get alot. Basically, the question is; who must initiate the pre-departure inspection of a rental property, the tenant or the landlord?

The answer given was as technical and long winded as one would expect from an organization that must cover its butt to avoid a lawsuit for bad advice. Me? I have to do the same thing, only with less words.

According to california civil code 1950.5, a landlord or agent shall notify the tenant in writing regarding the option for holding a pre-departure inspection. The notice must also inform the tenant of their right to be present during the inspection.

When I do a pre-departure inspection my purpose is to identify potential repairs and allow the tenant the opportunity to make those repairs or have them paid for by their security deposit or portion thereof.

The law also dictates requirements about itemized statements that specify repairs or cleaning that may affect the disposition of the security deposit. Most tenants are very open to this inspection because generally it saves them money. But what if I don't want to do an ispection? At whose option, is the inspection? Mine, theirs? Answer: Both. The rental contracts I use have provisions that express my intention to do a pre-departure inspection but doesn't obligate me to do one. Well, what if the tenant wants one? He or She gets one. If requested by the tenant - I must carry it out. No big deal!

A note of caution - I GIVE NO ADVICE - just practical experience. You should not consider anything herein to be considered sound legal advice. Any questions regarding matters of law should be addressed by an attorney specializing in the matter at hand which, I am not.

All about Long Beach, CA

Incorporated in 1897, Long Beach is the fifth largest City in the State of California, located within Los Angeles County in Southern California. The City occupies a land area of approximately 52 square miles and services a population of approximately 481,000. The City of Long Beach is frequently described as a series of strong, diverse, interwoven smaller neighborhoods within a large city. While offering all the amenities of a major metropolis, many say Long Beach has the added benefit of having maintained a strong sense of community.

USA Today has called Long Beach the "most diverse city" out of the 65 most populous cities in the nation. Proud of it's ethnic diversity; Long Beach is home to residents of many descents. The City provides a full range of municipal services, including police and fire, public health and environmental services, library, parks, recreation and related social services, engineering and public works, sanitation, general administration, planning and community development, public improvements, and gas, water, airport and towing services.

The City operates and maintains a world-class international deep-water harbor, a nationally recognized convention center, several beaches and marinas. Long Beach is one of only three cities in California with its own Health Department and Energy Department and the only city in California with its own Oil Department, which manages close to 2,000 oil wells.

Home price decline reported.

Home Prices Decline in July

According to the Long Beach Press Telegram, the median price of homes fell in July.

The year over year increases in the median (statewide) home price have been
below 20 percent going back to February. The report sates in 2004, home prices saw 20%+ gains each month.

Even with this 'beginning of the end', an increase in housing inventory was
reported for areas considered less affordable. Orange county saw a price increase of 9% from a year ago. [gee, a 9% return on your money in one year!? Yup, it's a bubble]

The interesting thing in this report is that areas that are more affordable,
are continuing to see increases. Compton for example saw a 36 percent increase since July last year. Bellflower and Carson were up 20%.

So, what does this tell us? Has the bubble burst? Nope! Affordability has
impacted the real estate market, just like it always does. The market has begun
'self-correcting' and prices aren't artificially rising like they were in the past. The market is beginning to normalize meaning its still a great time to buy & sell.

For in depth market analysis of you southern California home, please e-mail me.

Monday, August 22, 2005

Saving Money on Insurance

When considering a home purchase, buyers on a budget must consider all
possible expenses regarding the home they are considering. There is a 'new' tool
available to home buyers that may help to maintain that budget.

The CLUE (Comprehensive Loss Underwriting Exchange) is
an electronic database of all insurance claims filed against personal and real
property (cars and houses). This is important to know about because the
information contained in these reports is very empowering to a prospective
purchaser of real estate or even current owners.

It is possible to use this database to lower your homeowner's insurance cost.
For example - If you are considering a home but before you finalize the purchase
you discover that according to the CLUE report, there have been five claims for
flood damage to the property. This tells you that 1., your insurance coverage
for this property is going to be very expensive because of the high risk for
loss and, 2., This property is prone to flood damage. You now know that you
should seriously consider looking at less risky properties or at least taking
this information into consideration and perhaps re-negotiate the transaction.
Perhaps there are some repairs that can be made to the property to limit the
chances of flooding. See, You're saving money already.

This is some good stuff to know but, I just had another thought; For me
anyway, insurance is a necessary evil. I pay and pay and pay every month. Car
insurance, homeowner's policies, business E&O, and more. Luckily I've never
had to use any of these policies (and probably never will) but, I'm glad I have
them just-in-case. (I just wish they were cheaper) So here's my thought, I'm a
low insurance risk - I know that and so does my insurance broker - The next time
around when I "insurance shop", I'll take my CLUE with me and use it
to negotiate lower premiums on my policies.


For more information visit your state's insurance commission's website or ChoicePoint
(the provider of the CLUE Report). If you would like to receive a brochure
on ways to lower your homeowner's insurance costs,
e-mail me
or call 562-433-1914
and let me know where you want it sent. I
can e-mail the information also. And don't worry, I won't put you on any
lists or contact you for any reason other than to get you the brochure.