Home Buying in Torrance>Question Details

Kristen, Other/Just Looking in Lawndale, CA

Is it the right time to buy in Torrance, South Bay area, California??

Asked by Kristen, Lawndale, CA Tue Jul 17, 2007

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8
It is a buyer's market all over Los Angeles.Sellers are motivated and for the most part they are willing to negotiate.
1 vote Thank Flag Link Sun Apr 20, 2008
Check out the business section of the L.A.Times for Tuesday, April 8th, for an article titled:
Southern California beach house prices staying afloat
Weblink: http://www.latimes.com/business/la-fi-nubeach8apr08,1,418281…

Coastal bargains are to be had amid the housing downturn, but the properties are holding their value better than homes inland.....
By Ronald D. White, Los Angeles Times Staff Writer

We've got some great homes at great prices in Torrance and the South Bay. With still record low interest rates, FHA loan limits increased to $729,000 for our area, and a great selection of homes, it's time to at least be out looking for your home.

Have fun house shopping!
1 vote Thank Flag Link Wed Apr 9, 2008
Hi Kristen, Torrance values are holding steady over all. Also the time on market is shorter in Torrance than other areas in the South Bay which means there is more demand. Some areas have more listings and more room for negotiation on price..overall I would say it is a good time to buy in Torrance but better depending on which neighborhood in Torrance.
Web Reference: http://RebeccaChambliss.com
1 vote Thank Flag Link Tue Jul 17, 2007
I would say so..yes! Actually, if you had bought before Thanksgiving 2009, you would have pretty much been at rock bottom. Since late Nov 09, I have seen prices go up around $25,000 to $50,000 in most parts of Torrance and other parts of SouthBay, Temecula, and even Riverside..yes Riverside. However, back then, you did not have the $10,000 tax credit for first time homebuyers like you do now. Also, the interest rates were higher back then hovering around 5.2%...now they are still in the under 5% mark...around 4.6% wow!
With tons of loans available from Down Payment Assistance Loans to Va which are 100% financing to great FHA loans allowing you to put as little as 3.5% down and even 5% conventional loans. It's a great time to buy before prices start going higher. It's like stock...buy low...sell high...Take advantage.
Web Reference: http://www.shysells.com
0 votes Thank Flag Link Sun Aug 1, 2010
Hi Kristen,

It really depends on which part of Torrance. It has started to become a Seller's Market in some areas due to the Affordability factor, and will probably increase further the remainder of the year, as most buyers in the Market are First Time Home Buyers. Mostly homes under $450k seem to be drawing more demand, but you may have some more flexibility with a higher priced home. An experienced Realtor who specializes in the area you are searching is best to communicate, so you can understand the Micro Market of the neighborhood you are interested. If you're interested in communicating further, then please feel free to either call or shoot me an e-mail any time. I'll be more than happy to assist you any way possible.

Best regards,
Mike Bjork
Mortgage Planner
Guild Mortgage
Direct: (310) 694-3544
E-mail: mike@mikebjork.com
0 votes Thank Flag Link Wed Jun 24, 2009
Hi Rebecca,

This is the perfect time ...would have been even more perfect a few weeks ago when interest rates were lower. The properties are on the market less time, especially in North Torrance where the houses are
more affordable. There is curb appeal and value for you. In order to pursue any property I would advise
you to meet a lender to pre-approved. The letter you have is one of the best tools you have to negotiate\
with.

If you are interested email me and we can show you some real nice deals here.

Regards,

Ali
Ali &Sabire Mirza
The Real Estate Group
Direct: 310-561-8547
Cell: 310-710-0547
Fax: 310-561-8390
Email: ali@mirzarealty.com
Website: mirzarealty.com
0 votes Thank Flag Link Sun Jun 7, 2009
It's better than it has been, prices are 40 to 50% off, not even Macy's gives you that much off! You can search the MLS for free at my website http://reolicensedspecialist.com or email me and I can send you daily or weekly updates in the area you want to buy. All I need is your criteria: Price, area, features, etc.—and you will get daily or week updates directly from the MLS. I specialize in Foreclosures and I am a real estate broker for over 20 years.
0 votes Thank Flag Link Fri Jun 6, 2008
Hi Kristen,

You might want to check out our Torrance stats page at the link below.
0 votes Thank Flag Link Wed Apr 9, 2008
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