Is Aubry at Alamitos Ridge a good buy in Long Beach, CA?

Asked by, Long Beach, CA Wed Jul 13, 2011

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Andi Grant’s answer
Andi Grant, , Los Angeles, CA
Fri Jul 22, 2011
Hi there, I'm sorry there were't any responses to your inquiry. I have just seen this myself.

A "good buy" is truly subjective. If you were thinking in terms of size for the money, nearby cities of Lakewood and Downey offers 2500 sq. ft homes on wide tree-lined streets for the same price. So again it's subjective. But if Long Beach is your desired area of choice in which to live in (it's mine!) and you are looking for a newly constructed home that will be in a:

•Gated community of Long Beach
•Approx. 2,073 to 2,452 Sq. Ft.
•3 to 4 bedrooms
•2.5 to 3.5 bathrooms
•Lofts, great rooms, and family rooms (varies by residence)
•Interior laundry rooms
•Centrally located near Pacific Coast Highway, 405, and 710 freeways
•Mins to the beach, airport, downtown Long Beach nightlife, great Belmont Shore restaurants all the festivals and evetns that Long Beach has to offer...

.... then it's a FANTASTIC buy!

Aubry at Alamitos Ridge are considered detached townhomes and there is a minimal HOA fee to factor into your monthly payment when it comes to qualifying. The really great thing is that for the most part, the newer gated communities built in Long Beach and Signal Hill in the past 2 decades have managed to retain a lot of their value.

Aubry at Alamitos Ridge has a total of 9 phases to their 85 home building plan. I just spoke with Joel one of their "new home consultants" this morning and they are currently in Phase 6. The new homeowners who have purchased phase 6 are looking to occupy by mid November. There are about 2-3 Phase 5 homes still remaining for negotation and the homeowners who bought that phase are expected to move in by this September. So the homes are moving quite fast since the last time I spoke with them before the first wood post was put into the ground.

Here are just a few suggestions I would like to make before going to Aubry:

1) HAVE BUYER REPRESENTATION AND WORK WITH A REALTOR. Buyers often fail to remember that the smiling sales floor people also known as "New Home Consultants" standing in the air-conditioned office (as nice as they are) WORK FOR THE SELLER/BUILDER. So when considering "incentives" or "enticements" to not have any buyer representation by working with a Realtor (who is not also working with the seller), you are placing one of your most important investments into the hands of the party that has a pre-established relationship with the seller. NOTE: If you have already registered with Aubry or any other new home development it can be difficult to obtain Realtor respresentation simply because the seller/builder is not obligated to pay them for their services unless they were with the buyer when registering. Feel free to call me about your options in still obtaining buyer representation with either scenario 310.508.4354.

2) GET A PRE-APPROVAL FROM A LENDER. The new builder/seller will offer many incentives to have you go with their lender. If you already know that you can get a lower rate, lower loan origination fees from another lender, you have something to bargain with. Your primary goal is to get the best rate overall rate. Do not become distracted by what looks like a good deal upfront only to be paying for it over and over again the life of the 15 - 30 year loan.

3) COMPARISON SHOP: What other Long Beach Homes are for Sale in the Aubry Home price range? Below is a website link to the Long Beach Shop by Price page that will give you the homes for sale in Long Beach for the same price range as the Aubry Ridge Homes *click the $500 - $600K range tab. As of today there were even a few that came up in Bixby Knolls, El Dorado Estates and Belmont Heights. Those are GREAT areas and buying a home that needs a little makeup in a high value neighborhood can in the long run be considered a better overall investment. If at all possible when buying a pre-owned home look in an area that has had a pattern of retaining it's home values.

4) GET A HOME INSPECTION. Lennar has a great reputation as a builder, but as little as it's discussed, newly built homes can come with their problems too. I've seen it happen from center kitchen islands that shook when the garbage disposal was turned on to puddles of water pooling with shared plumbing. ALWAYS get a home inspection. The home inspection costs only a few hundred dollars and is worth every red cent! It is the saavy buyers that go into the homebuying process with their eyes wide open!

I hope that helped. If you have any questions about Aubry Ridge or other homes for sale in Long Beach feel free to call or text met any time.

Andi Grant, Realtor®
DRE 01728428

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