Lboowner, Other/Just Looking in Long Beach, CA

what are trends in Long Beacg belmont Shore apartments?

Asked by Lboowner, Long Beach, CA Sat Nov 6, 2010

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3
Gene Scott’s answer
Prices in Southern California are flattening out, although there is still a lot of choppiness due to foreclosure activity (REOs and short sales). The California Association of Realtors forecasts an increase in prices of residential real estate of more than 10% in 2011.

That said, prices of apartments in Belmont Shore will always command a premium over apartments located farther from the shore. So, in a word, trend in Long Beach Belmont Shore apartments is UP. Now is a good time to buy while prices are low, and interest rates are near the lowest ever.

Good luck,

Gene Scott, Realtor and Mortgage Loan Originator
ERA Buy America Real Estate Services
562-212-2345
0 votes Thank Flag Link Fri Nov 19, 2010
New Trends for Investors as of Nov. 1, 2010
investor guidelines for investors who do not have a two history of being property investment property owners / managers.


What it all boils down to that if an investment buyer does not have a prior two year history of owner / management then the investment buyer needs to show an additional three (3) months cash reserve in addition to the agency guidelines. These reserves cannot come from retirement funds.

Are you thinking of buying or renting?
I can help,
Lesley Harris, Realtor
(562) 673-0943
0 votes Thank Flag Link Mon Nov 8, 2010
The condo market has been hit hard from a sales standpoint and prices are very affordable. Same goes for our 1-4 unit buildings. If they are priced right as anything they will sell. If you are talking about renting apartments in the Shore, we have not had a problem renting in that area, our office is there and we get lots of walk-ins for rent.

Hopefully this answer your question, but if you are looking for answers to something else, please feel free to contact me. I have worked the Belmont Shore area from selling individual units to investment properties & residential homes for 30 years. We have a property manager who handles rentals for our clients too.

Regards,
Barbara Robbins-Olexa, Broker,e-Pro(R), SRES(R)
DRE Lic#797560
L B Brokerage
189 Quincy Ave.
Long Beach, CA 90803
714-296-7270
bstrealtor@aol.com
http://www.barbararobbinsolexa.com
0 votes Thank Flag Link Sun Nov 7, 2010
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