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Rancho Palos Verdes : Real Estate Advice

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  • Home Buying13
  • Home Selling4
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Activity 26
Fri Oct 29, 2010
Emily Erekuff answered:
Hi Linda,

Have you thought of reaching out to an agent yourself? Most of the advice I've seen on Trulia Voices over the years about finding an agent recommends that you interview at least three to see if your personalities and expectations about how you will work together will click. I encourage you to check out our Member Search via the link below to check out the agents that are currently part of our community. You can check out their profiles and read the answers or blogs they've posted here to get an idea about their level of expertise.

If you check out the link below you'll see that we have only a few members in Rancho Palos Verdes, but you can easily expand your search to check out other agents nearby.

Best of Luck!

Emily Gibson
Community Moderator
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Fri Dec 26, 2008
Shel-lee Davis answered:

RPV is very area specific, as is most of the southland. Additionally, it is also very house specific. There are areas and homes in RPV that have actually appreciated over the past few months and other areas that have depreciated. So many factors come into play. Some of the most obvious are items such as:
1. Size of home
2. Number of bedrooms and bathroom
3. Location - hillside, flat lot, view, ocean view, neighborhood, etc.
4. Upgrades - new(er) kitchen & baths vs. original construction.

Do not fall prey to generalized statistics. Recently i read that home sales were at an all time low (that was nationwide) and then a day later that home sales increased 89% year over year as of November 2008 (that was California wide).

When looking at statistical data (taken from the MLS and compiled by an independent company - Trendgraphix), I again see information that could be used to support either growth or decline. For example: the one year growth in average price per squar foot is 1.6% for RPV (November over November), however, in between there were months like May 2008 where the average price per square foot of the 22 homes closed in that month was $546 compared to $491 in November 2008. On the other hand in February and March 2008 the average price per square foot of homes sold was only $468 (with 17 and 19 homes sold respectively). And, when narrowed down to homes between 1900 and 2199 s.f., we see growth of 2.8% in price per square foot, year over year. I would be happy to send you these statistics if you contact me directly.

Some of the most important questions to ask yourself at this time are
- Did you buy a home you love and plan to stay in for a while?
- Did the move answer any of your core concerns such as closer to work, better schools for the children, or whatever your core reasons for your move were?
- and other questions along these lines.

Then, if you are still unsatisfied and truly curious to see what the value of your home has done in the last month, contact me. I would be happy to run you a comparative market analysis at no cost and no obligation.

I just want to point out, you have purchased a home in a highly desireable area, with great schools, and one which has seen annual home appreciation of 7 - 8.6% per year over the past 10 years (even with the current market corrections over the past 2 years). My wish for you is that you enjoy your new home and not spend your time worrying over monthly price fluctuations. My hope is that 10 years from now, when and if you decide to move again, you will be filled with great memories and reap the rewards of having lived in one of the greatest places there is to live in Southern California. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
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Mon Oct 6, 2008
Mary Thomas answered:
I always figure my clients taxes at 1.25% of the sale price, I estimate a little high but it is more like 1.25%.
I need to know where you are looking for your conflict of information from, once I know where you are getting your information I can give you more advice. The difference of sq.ft. can affect your appraisal.
You can email me at for more help.
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Sun Oct 10, 2010
Harold Maltz answered:
hi. I am a licensed Real Estaate Broker with over 25 years experience. I think I can help you. If you contact me I will begin a search to find you your dream home. When you email me tell me everything you want in a home so I can find you properties to see this weekend.

Harold Maltz
The Real Estate Group
310 995 1593
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Mon Nov 22, 2010
Carrie answered:
The easiet way to move is just that--to move. Pay the rent for the thirty days after you give notice. If the unit is rented before 30 days, you are not liable for the time of double rent. If you initially paid first and last months' rent, the last month's rent covers the thirty days. ... more
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Tue Jun 24, 2008
Cameron Piper answered:

Your first step is finding an experience Realtor in the area who owns or has owned rental properties there and is willing to share with you their experience and expertise in that niche market. I would then turn my focus to finding a property that has a positive cash flow. There are too many deals out there to settle for a negative cash flow rental. It may take more time and energy but it will be worth the work in the end. You want that $120-150K to be working for you. Invested properly it should return a 10%+ return so I would use that as your benchmark. Have your agent do a full analysis of the property include tax benefits etc. and not just a cash on cash return. I hope that helps.

Cameron Piper
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