Wednesday, April 11, 2012
Top 6 "Big-Bang For Your Buck" Remodeling Projects
Every year, the National Association puts out a survey of projects the provide a good and not so good investment into your home. The goal is to provide insight and optimum use of space inside and outside your home that will not only attract buyers but also provide the best return for your investment.
Since these numbers are national, not local in nature, one or more of these projects may not apply to your situation. In our neighborhoods of Long Beach, the tendancy to provide great curb appeal coupled with upgraded kitchens and bathrooms. On the other hand, many first time buyers look to jump head first into fixer homes that provide an opportunity that allows them to mold their vision. So, remodelling may put a stamp on your vision but turn off potential buyers willing to pay top dollar to do it themselves. The best advice I can give is to consult your inner circle of firends and your Realtor to get insight and advice on best plan of action.
Here are the top 6 "Big-Bang" return for your dollar remodeling projects:
Siding Replacement
Cost = $ 13,431
Return = $ 10,493
ROI = 78.0%
Entry Door Replacement
Cost = $ 1,238
Return = $ 903
ROI = 73.0%
Attic Bedroom Addition
Cost = $ 50,148
Return = $ 36,346
ROI = 72.5%
Kitchen: Minor Remodel
Cost = $ 19,588
Return = $ 14,120
ROI = 72.1%
Low-End Garage Door Replacement
Cost = $ 1,512
Return = $ 1,087
ROI = 71.9%
High-End Garage Door Replace
Cost = $ 2,994
Return = $ 2,129
ROI = 71.1%
These estimated costs and returns were derived from a survay of more than 3,000 Realtors conducted June-Sept 2011.
There are plenty of projects that will help you increase the value of your home. Making the "right" choices however, will get you the MOST money over time.
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Dave Harbison
Long Beach REALTOR®
Main Street Realtors (562) 618-9770
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Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: Belmont Heights, home improvements, Long Beach, Park Estates, remodel, Remodeling projects, Repairs, Return on Investment
# posted by Dave Harbison @ 6:20 AM
Friday, April 6, 2012
Pesky Insects, Termites and other bugs. What to Do!
I recently helped a client close on a property right near the beach. Everything was going smooth until it came down to the termite work. The seller, who leased the property to a couple with a young child, was posed with a delimma. The couple was really concerned about toxic chemicals being used for the work. They refused access to the property for quite some time.
This was new to me. I had never had a problem having termite work done before. It certainly peaked my interest and set me on a path to have alternatives ready for future
I did a little digging and came across some information and insight that definitely makes it easier to understand.
There is a buzzword being used these days to address those pesky pests — Integrated Pest Management (IPM). It is a uniquely powerful combination of prevention, conventional pesticides, and green alternatives.
For years (decades maybe) the traditional path spray using approved poisons. This could be done as a spot treatment or in the case of termite infestation, the home could be "tented" or enclosed. Today however, due to a growing concerns about the dangers of toxins buyers and sellers are looking for alternatives. The industry is also looking for ways to reduce the amount of pesticides used by incorporating solutions that are proven to be less toxic but still effective. The result — IPM.
Although a work in progress, this approach is quickly catching the eye of sellers and buyers alike. I think IPM will grow in popularity and move termite and bug protection to another level.
The Difference Between Conventional treatment and IPM
The convential approach is extermination (shoot-to-kill) with chemicals. This process often starts by toxic pesticides, then reapplying them on a regular schedule to prevent future infestations. In truth, the homeowner is paying for treatment whether insects are there or not.
The biggest challenge with the conventional approach is the risk of unnecessary exposure to toxic pesticides. Although proven to be effective in the short-term, pesticides can be linked to long-term adverse effects on the endocrine, reproductive, and nervous systems of people and animals. Smaller children can be more sensitive to the toxins found in many pesticides because their immune systems, organs, brains, and nervous systems are still developing.
Even with Environmental Protection regulating all pesticides, they remain potentially deadly to humans and harmful to the environment - especially if misapplied.
An alternative is Integrated Pest Management (IPM)
IPM uses a combination of strategies to control pests and includes homeowners as partners in the process. IPM consists of three basic steps:
- Identifying Pests
Knowledge of the termites/pests is key to drawing up a plan to combat them. Any termite/pest control rep should be able to tell different insects/termites apart and understand everything -- their habits and habitats and how to best neutralize them
- Preventing Pests from gestation and spreading
This strategy stresses prevention by denying food, water and access to livable habitats. However, immediate action to treat an existing infestation may include call for low toxic or natural (but effective) alternatives to neutralize the bugs/termite
- Continual Treatment
No matter what the circumstances, active continual treatment is almost always recommended. The exterminator should consider using low toxic products - applying as little as possible and treat the smallest area possible (i.e. cracks and crevices)
If you are not comfortable with even low toxic sprays, gels or grandule pesticides, there are several natural substances (i.e. boric acid) that have active ingredients to stop infestation. Although slower than chemical pesticides, there are products made from natural substances can be very effective.
Keep in mind, that even natural solutions have the capacity to kill living organisms. Therefore, these solutions may be harmful to you and those around you. The best advice I can give is to have a full understanding of the products being used regardless of their toxicity.
Lastly, make sure the company you align with is licensed and a member of the local, state, and/or national pest management association. The association participation provides you the peace-of-mind that they are held accountable to the highest professional standards and ethics.
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Dave Harbison
Long Beach REALTOR®
Main Street Realtors (562) 618-9770
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Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- www.espn.comLabels: Belmont Heights, Belmont Shore, bugs, extermination, insects, Long Beach, Park Estates, pesticides, tenting, Termite, toxic, wood destroying
# posted by Dave Harbison @ 1:29 PM
Wednesday, April 4, 2012
It's Spring. Time to Address Your Curb Appeal and Landscaping
 Although the nation has experienced unusually warm winter, we in Long Beach have had quite a chilly few months. There were a few warm days from January through March, but on the whole, it was colder than in past years.
Now that the weather is starting to warm up, it's time to do a little spring cleaning. Not only inside your home, but outside too.
Here are a few things you may want to consider doing this spring to the outside of your home.
- CLEAN UP THE WINTER MESS
Put a day or two aside on the weekend to clean up your yard and garage prior to even thinking about addressing your lawn and landscaping vision. Trim back any trees, shrubs and other plants that have grown unruly during the past 4 months. Start with a clean slate before you tackle the tough stuff...
- PUT TOGETHER A VISION AND ACTION PLAN
Like many, I like to dive-in and get my hands dirty right away when it comes to making the landscaping and appeal of my home the best it can be. But, going at it without some sort of plan is costly in both dollars and sense. Before you do anything, plan out your vision. Know what you will need from patio furniture, to shrubbery, flowers and plants. Don't be afraid to develope a whole design theme for the outside of your home. And always search out the best deals so that you can rest assured your big (and small) landscaping projects are cost effective and up to your standards.
- IT'S THE SMALL THINGS YOU DO THAT CAN MAKE THE DIFFERENCE
Things are still tight out there. So, if you are on a budget is small but your vision for your lawn and landscaping is quite large, look to the simple fixes first. Ones that may take a bit more time but not as much expense. Like trimming bushes and hedges, planting seasonal plants, painting the fence or outdoor fixtures. Taking a little more time can be a major cost saver.
- DON'T TRY TO DO TOO MUCH YOURSELF
DIYers are great. I consider myself one. However, trying to cut corners on the big projects can end up costing you a lot more money and time. Look to the professionals to do the jobs you don't have the time or tools to accomplish. Things like re-sodding, mulching, cutting and exterior painting are two examples. Remember, time is money...even on the weekends. There's nothing wrong about being confident in your abilities. But being wise is also a valued asset.
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Dave Harbison
Long Beach REALTOR®
Main Street Realtors
(562) 618-9770
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Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: Belmont Heights, Belmont Shore, Bush, Cleaning, Craftsman, Curb Appeal, Long Beach, Painting, Park Estates, Sod, Spring, Trim
# posted by Dave Harbison @ 9:12 AM
Sunday, April 1, 2012
Regular Maintenance of Your HVAC Unit Can Save $$$!
I previewed a home a couple of months ago and noticed that the Air Conditioning unit(s) looked relatively old. Upon talking with the listing agent, I was told the sellers had never maintained the unit...in 4 years! Wow, I thought, this is not good.
As it turned out the, owners had to spend a sizeable amount of money to have a new. larger air conditioning unit installed or the buyer would walk...After negotiating such a a deal, I'm sure these sellers learned an important lesson.
Maintenance can save you a lot of $$$ !!!
There are plenty of reputable HVAC companies out there that will (for a minimal fee), Many will recommend semi-annual visits in the spring and fall.
- Spring time is when the technician will clean the indoor and outdoor condenser coils, verify refrigerant charge, and inspect all the wiring
- In the fall, look for them clean and inspect the furnace blower, burners, and heat exchanger.
- The Summer and Fall months are key times to continuously brush or blow off fallen leaves and other debris from the outdoor air conditioning units and/or heating pumps
- Spring months (March-May) are the months to wash and dry filters and vacuum condenser coils on all window air conditioning units
- In summer, shut off the water supply to the furnace humidifier
- In fall, replace the humidifier wick filter, set the humidistat to 35% relative humidity, and turn on the water supply
- Make sure when you are mowing the lawn, grass does not get into the unit
- Inspect the insulation and refrigerant lines going into your home and replace them if you notice wear-n-tear, damage, or if they are missing. Doing this every 4-5 weeks will ensure peace-of-mind
- Every quarter, it is recommended to install a new one-inch pleated furnace filter to avoid hair and fibers from you, your family and/or pets
- Make sure that outdoor air conditioning units and heat pumps are on firm and level ground or pads. The ground can shift (even a little) over the course of a year and that can greatly effect efficiency and life of your unit
- Once a year, preferably in the spring, take a cup of bleach and put it down the air conditioner condensate drain. This will do a lot to prevent the buildup of mold and algae -- both of which can cause problems down the road
- To avoid undue strain on your HVAC unit, don't close the home's register more than 20%
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Dave Harbison
Long Beach REALTOR®
Main Street Realtors (562) 618-9770
---
Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: Belmont Shore, Bungalow, Craftsman, Home Improvement, HVAC, Long Beach, Real Estate, remodel
# posted by Dave Harbison @ 7:46 AM
Thursday, March 29, 2012
Long Beach Historical Landmark - Kimpson/Nixon House
Long before "Modernism" was in vogue, a renowned architect, Raphael Soriano began designing a beautifully modernistic home. The home is somewhat compact, two stories is situated overlooking the Colorado Lagoon. A long, continuous, metal-encasement window runs along the front of the home providing more than enough light throughout the day and an open airy feeling synonomous with the California lifestyle. The flow of windows extends to the back where you view a courtyard on nearly a 1/4 acre plot.
Walking through it the other day brought me back into the mid 1950's only this home was completed in 1940 (about 15 years before it's time). Originally from Greece, Raphael made his way to Southern California a the age of 20. In his 35+ years as an architect he was driven to novel solutions for middle-class housing in postwar America. He eventually designed over 150 buildings -- a small portion of which were built and completed. Today, it is estimated that only a dozen or so still remain.
Although it is over 70 years old, it has only had two owners, the first of which, Dean & Marion Kimpson, only stayed 1 year. The Nixon family has owned it ever since.
It is currently on the market, listed for $699,000, but is sure to fetch more due to its Historical Landmark status.
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Dave Harbison
Long Beach REALTOR®
Coldwell Banker Coastal Alliance
(562) 494-4600 ext 2281
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Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: Alamitos Heights, Belmont Heights, Colorado Lagoon, Historical Landmark, Long Beach, Modern, Modernism
# posted by Dave Harbison @ 10:00 AM
Wednesday, March 28, 2012
Kitchen Remodel - Done on a Budget
I talk to a lot of clients these days about what they can do to improve their homes. The first thing they bring up is a Remodel of their Kitchen. The cost of a kitchen remodel is always the key in deciding whether or not to do it. So I pulled a very interesting bit of information from an article written by Jamie Goldberg - A renowned National Kitchen & Bath Association-certified designer, a Certified Aging in Place Specialist, & a contributor to Kitchens.com and Fine Homebuilding. If you don't know much about her now. You will soon. Okay, here we go with some great trends:
A new focus on moderation and value has entered the remodeling mind-set. Trends that are likely to show up in your kitchen next year include: You’ll repair your existing appliances instead of replacing them, extending their life with good maintenance and care. If you’re replacing cabinets, you’re likely to build around your current appliances rather than choosing new models. You’re scaling back your cabinetry purchases, with an increased emphasis on kitchen storage and functionality over elaborate decoration. For example, rather than stacked crown moldings throughout the kitchen, you’ll put your money into practical roll-out trays and drawer organizers. Small-scale kitchen projects are big news. Changing out cabinet hardware, replacing a faucet, and refacing your cabinets upgrades your kitchen without major expense. Trend #2: Simpler, warmer styles dominateFussiness and excess have faded away in favor of pared-back looks that present a more timeless, value-conscious style. Cabinet decoration continues to streamline. For example, massive corbels, once fashionable as undercounter supports, will give way to sleeker countertop supports and cantelivered countertop edges. Stacked moldings will pare back or disappear entirely. Elaborately glazed finishes will yield to simpler paints and stains.
Kitchen finishes will continue to get warmer and darker, and feature natural and stained woods. Walnut especially is growing in popularity. Laminate countertops will continue to surge in popularity, especially in contemporary design. The latest European-inspired laminates offer more textured and naturalistic finishes than ever before. While exotic wood kitchen cabinets are out of reach for most home owners, glossy, look-alike laminate versions can be had for about one-third the price. Trend #3: Technology expands its kitchen presenceMany of the techno products and trends that relate to your smartphones and tablets have just started making their way into your local showrooms and home centers. Appliances will be equipped with USB ports and digital screens so you can display your family photographs and kids’ artwork. Smart, induction built-in cooktops ($500-$3,000) remember your temperature settings as you move your pans across their entire surface. One light finger touch is all it takes to open the electronically controlled sliding doors of your kitchen cabinets — a boon to people with limited mobilities. You’ll pay 40% to 70% more for cabinets with electronically controlled doors than standard models. You’ll be able to use your smart phones and tablets to control lights and appliance settings from anywhere you have a wi-fi connection, as well as to shop for appliances from major manufacturers. You’ll be opting for LEDs for your recessed lights, under-cabinet task lighting and color-changing accent lighting. You’ll see more LED-powered pendants and chandeliers from major manufacturers as inefficient incandescent bulbs continue their march toward extinction.
A wide selection of affordable microwave ovens with convection and even steam features gives owners of smaller kitchen spaces more high-end cooking power.
Want to know more about Jamie? click this link. She is quite an accomplished professional. AND she has her first kitchen design book coming out later this year (2012) http://www.houselogic.com/authors/Jamie-Goldberg/#ixzz1qRUL5YzP
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Dave Harbison
Long Beach REALTOR®
Main Street Realtors
(562) 618-9770
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Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: Belmont Heights, Belmont Shorts, California Bungalow, Craftsman, Kitchen Remodel, Long Beach, Park Estates, Real Estate
# posted by Dave Harbison @ 1:59 PM
Thursday, January 5, 2012
Safety & Security In Long Beach
I recently spoke to a client of mine who was vandalized over the holiday. It seems that there has been an uptick in break-ins these past few years. The economy obviously plays an important part as does the over all emotional view of all of us.
In my eyes, Long Beach is a city with small town values and great community support. Yes, there are areas in the city that are extremely diverse. And, the reputation molded in the past, presents a skewed perception of the city and its neighbors. Overall however, Long Beach is a safe place to live and has great people.
Nonetheless, keeping your home protected from outside intruders will provide solid "peace-of-mind" in knowing you, your family and your home will be safe. A close friend of mine provided some interesting tips in keeping your home secure.
- Consider a Professionally Installed Security System
It is a nice addition to your home defense. There are many to chose from. Consult a professional and don't hesitate to go on-line to consumer reports or blogs that focus on home security. There are plenty out there that will give you. Two that come to mind are:
Home Security Blog
101 Home Security Letter
- Keep The Outside Well Maintained
Take a look at your property from the outside-in. Make sure it doesn't look neglected, hidden or uninhabited. Burglers are looking for an easy target. If the front door or walkway is hidden by shrubbery, it offers burglers the cover they need to break a door or window. Trim shrubs and trees awy from windows and consider widening your front walk.
- Install Motion Detector Lights
An intruder can get into your home from just about anywhere. That's why installing motion detector lights on all sides of your home will provide ample light to greatly deter someone from doing breaking in your home. Simple motion-activated floodlights cost less than $50 each. And installing them is very easy.
- Store Anything Valuable in a Safe Spot
Burglers want things that are easy to grab - electronics, cash, jewelry and other things that allow them to get in and get out safely. Don't get me wrong, they are not above taking your big-screen TV...This is why their first stop is to your bedroom where you likely hide the things that are most valuable. Take a look at each room in your home and ask yourself is there anything here that I can move to a safer spot - one that theives would not consider to look. And, for an investment of $150-200, is a home safe that's bolted to a basement or cement slab be the answer?
- Keep Your Computer Data Out of Reach
In today's digital world, your computer data can be as much a target as anything else. Access to information is power. So, take steps to back up personal information including account access/login codes and passwords, pictures, anything you think valuable. Consider a password to protect your login screen. And always turn off your computer when it is not being used. Make access to your computer harder than blowing up a safe.
- Prepare Ahead of Time in Case the Worst Happens
Take a photo or video inventory of items of value in your home and stor them online or in a home safe. Also, make sure you are properly insured for theft so that if something does happen, you will be able to replace those items that are replacable.
Thinking that your space can be violated is not something any of us want to focus on. However, a little preventative forethought will go a long way in greatly decreasing the likelihood that your home will be targeted by unscrupulous characters.
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Dave Harbison
Long Beach REALTOR®
Main Street Realtors
(562) 618-9770
---
Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: flood lights, Homes, Long Beach, Safety, Security Systems, System, Well Maintained
# posted by Dave Harbison @ 6:57 AM
Tuesday, May 17, 2011
Attracting Birds Can Attract Buyers
 I've been intrigued at how many different aspects of a home hits home with perspebuyers. Recently, there have been several buyers that have previewed my listings and mentioned that they asked about birds. Yes Birds! I'm surprised to find out how big bird watching is. It seems to be a popular past time shared by many...And the the back yard is a great place to enjoy it. Thanks to a few landscaping techniques, you can trade your binoculars for a lawn char and enjoy bird watching from the convenience and comfort of your own home. Attracting Birds of A Feather If you want to attract local birds to your backyard, you have to make it a place that they will be drawn to. One way of doing this is by studying the feeding and/or nesting habits of the local birds that you want to attract. Birds have unique characteristics that are specific to their type and knowing what they enjoy will be your first step toward inviting them to your home. Bird Basics Birds need three basic things - food, shelter and water. By planting familiar foliage, you will be providing a protective covering for birds. Flowers, inviting nesting areas and a birdbath will provide additional comfort. Bird food, which is commonly available at just about any retail store, is often specific to certain bird types. For instance, black oil sunflower seeds will attract goldfinches and chickadees, while millet seeds are appealing to doves and sparrows. If you want to attract hummingbirds, you will need to include a sugar-water feeder in your backyard landscaping. A bird feeder, which is used to house seeds and food for your backyard birds, should be cleaned regularly. The Beautiful Bird Bath Birdbaths are a great addition to your landscape if you want native birds to feel welcome. the single feature offers birds a way to bathe and drink, which makes your backyard very inviting to visiting birds. Adding fresh water and keep it clean and free of bacteria buildup always works to provide an inviting habitat for birds.  The Birdhouse The cornerstone of attracting birds, is a birdhouse. These structures provide a safe environment and a way to feel secure. When choosing a birdhouse, consider the size of bird that you want to attract -- the size of the entrance is key. A quality birdhouse will have proper ventilation and drainage are also import. And by all means, keep the bird's nest dry and free of any water buildup. Labels: Belmont Heights, Belmont Shore, birdhouse, Birds, Buyers, Future of Real Estate, Long Beach, Park Estates, Sellers
# posted by Dave Harbison @ 6:22 AM
Tuesday, April 12, 2011
Common Mistakes I See Sellers Make
 Signs are finally pointing to a stablizing of the Real Estate marketplace in Southern California. More homes are being sold. Buyers are out in full force looking for the most home for their money. And banks are starting to loosen up the purse strings (albeit, very cautiously). This is not to say we're out of the woods yet. Our economy is fragile and any hiccups in our economic machine may drive us back to where we were a couple of years ago. I'm always optimistic, so I firmly believe we're on the way up, not down. With that said, I enjoy educating sellers on how to take advantage of these times, even though the perception is that the buyer is in control. This is not always the case. In fact, if handled correctly, sellers can still reap bountiful rewards on the sale of their home. That's what I look to do when presenting the opportunities to sellers. Yet, I am constantly overcome by the amount of sellers that feel compelled to execute a strategy that may cost them profits in the long term. Here are a few mistakes I see sellers make these days when selling their property:
- OVERPRICING THEIR HOME Home values have obviously adjusted themselves from their peak in 2006. This makes it tempting to list your home based on the value a few years ago and not today -- especially if you purchased it while the sellers market was "red hot". Things have changed quite a bit since then. Buyers have become much more aware of the marketplace and values. They have been inundated with information from all different news sources and are much more informed...and cautious. Overpriced homes sit longer and often go through several price reductions before being sold. If you're a motivated seller, be realistic about your home's value. Make the hard call to price it to sell today, not like it's 2006. You'll have greater peace-of-mind and the good feeling that comes with looking to your next challenge in life.
- UPGRADES/UPDATES/REMODEL This is a very hard decision. The goal is to make as much from the sale of your home as possible. Curb and room "Appeal" always plays a part -- especially in a buyers market where similar homes with more appeal and updated/remodelled features are in competition with your property. Seriously evaluate the pros of upgrading your kitchen and/or bathroom(s) and even front lawn against how your home would fare against the competition without any updates or changes. Depending on inventory and desirability of the location, you may want to make the investment.
- OVERPRICING IN A BUYER'S MARKET It's no secret that home values have decreased over the past few years. By some accounts, as much as 27% since 2006. Some markets even declined 50-60%. Do a reality check. Get a firm understanding of the marketplace TODAY. Know what other homes have already sold for in the past 3-4 months, then gauge your listing price on that. In real estate, home sellers are either leading the market or chasing it. If you are chasing the market by listing your home above recognized market value, you most likely will fetch less for your home than you would have if pricing it close to market value as buyers would feel there is something wrong with the home. In addition, focus on the homes recently sold in your area and those currently for sale. Each represents a reference point/competition (respectively) to your home.
- USE AN AGENT THAT IS TECH SAVVY Although Real Estate has traditionally been thought of as a "localized business", the effectiveness of reaching beyond your community's borders is extremely important these days. Make sure you're Realtor is actively engaged with the main Real Estate Portals and social media outlets. There are so many additional ways to expose properties to buyers. Real Estate is a global business with potential buyers all around the world and always within our social connections.
- PHOTOGRAPHY IS KEY In a web-centric world, photos and virtual tours represent key marketing communication vehicles for your home. Be sure your agent is able to capture the essence of your home, its highlights and those areas most important to buyers -- kitchen, bathrooms, yard and living space
- DON'T HANG AROUND WHILE BUYERS ARE PREVIEWING YOUR HOME If you are in your home or follow potential buyers around while they are previewing your property, chances are the buyers will feel a bit nervous. It's been my expereince that privacy while my buyers are looking at a home is important to gather true feedback and better position the home for sale. Buyer's agents are there to help you sell your home. Try to stay out of their way.
Don't hesitate on giving your Realtor a call to gain additional "ins" and "outs" of positioning your home for sale. --- Dave Harbison Long Beach REALTOR®Main Street Realtors (562)618-9770--- Long Beach Realtor® / Real Estate AgentLong Beach Homes for Sale, Condos and Investment PropertiesLong Beach Relocation Expert--- Labels: Home Seller, Long Beach, Long Beach Real Estate, Long Beach Seller, Preview, Selling, Selling Real Estate
# posted by Dave Harbison @ 1:38 PM
Friday, February 25, 2011
Mortgage Interest Deduction - Helping You and I Every Day
 I normally try to stay as far away from politics and legislation as possible. Recently however, with trillions of dollars in deficits, rising cost of living and shrinking middle class, there has been a push by some in Washington to make sweeping changes to the tax structure we Americans have become accustom too over the past few decades. Yes, we as a country need to curb our spending and become more responsible with how things are done here in the United States. As a Realtor, I am driven to protect the rights of us professionals to continue doing what we do with limited interference. I depend on our legistlators to protect me as well as my clients. As a service, our industry is very vulernable to changes the economy and economic outlook. So, in a sense, I have skin in the game when it comes to making sure all of us act responsibly and in the best interest of everyone. So, What About Mortgage Interest Deduction - Where Do I Stand? There was an article in the Washington Post recently that drove a misperception that the Mortgage Interest Deduction (MID) benefits the wealthy. My feeling is, MID primarily benefits the middle and lower income familes who earn less than $100,000. From my research, approximately 91% who claim less $200,000 are MID beneficiaries - many being younger middle-class families The MID helps families become home owners by reducing the carrying costs of owning a home. The ability to deduct interest on a mortgage can save a significant amount of taxes. Unlike the very wealthy who have a large portion of their wealth tied up in stocks and the market, most of the middle-class in America have their home as their largest investment. Millions of Americans bought their home with the understanding that mortgage interest is and always will be tax-deductable, and many of them steadily paid down their mortgages to build equity in their home. By eliminating or reducing MID, equity would be significantly decreased, home pricing would be in free-fall, one of the strongest industries in the United States would stumble and possibly crumble and the financial futures of millions of Americans would be thown into chaos. And, for people who don't have hundreds of thousands of dollars in savings to buy a home outright, tax benefits like the MID help them begin to build a future through home ownership. With all the economic pressures our middle class faces today, it is not the time to throw those that work the hardest under the bus. Labels: Belmont Heights, Belmont Shore, Long Beach, Long Beach Real Estate, Mortgage, Mortgage Interest Deduction, Naples
# posted by Dave Harbison @ 6:52 AM
Wednesday, January 19, 2011
The Media Hype About Real Estate - Believe it or Not?
 The past three years have been very interesting in the state of real estate... To say the least. Recently Fox and CNN economy and political experts groused about the explosion of Foreclosures in 2011 (when we hit the 5 year point from when the last of the millions of toxic 5-yr adjustable loans were issued). In the 60 months, the economy has been challenging. Job market has spuddered. Consumer confidence has waned. And, in all the negativity, the opportunity to own a home has become more affordable than any time in recent history. And interest rates are...well better than ever. Now's the time to get a peice of the American dream. Banks are lending, but are much more diligent in their vetting process (as they probably always should have been). Americans are slowly coming to grips that we need to save and work hard to realize our dreams. We'll get through this time, but in much different fashion than past recessions. With so much information at our finger tips, the stress, anxiety and speculation shot in our direction by any number of a 1000 different media outlets is looking to take control of our emotions and actions. In my opinion, Southern California home prices, specifically Long Beach, have adjusted to pre-2002 levels. To most of us consumers, we learned the hard way that our homes are not piggy banks. Home value increases seen in the early 2000's are a thing of the past. Your home will always be a valuable and worthwhile investment if you plan to live in it for a long period of time or have enough equity to gain a positive cashflow from it. As a Realtor with over 5 years experience, I've always found one of our most valued attributes is as prognosticators of the real estate future. We get asked all the time "So, where do you think the market is going?" My answer? UP. Always UP, if your thinking is long term. Labels: Belmont Heights, Belmont Shore, Future of Real Estate, Interest Rates, Long Beach, Real Estate
# posted by Dave Harbison @ 9:24 AM
Tuesday, January 18, 2011
Open Houses Are Great for Just....Going!
 Well, the new year always kicks off a new season of Open Houses. As a Realtor for a number of years, I always enjoy people stopping by and looking at the great homes I hold open. Most of them are not in the market to buy the home, but enjoy seeing what their neighbor's home looks like, what improvements have been made, what improvements need to be made and how it compares to their home. The point is, going to an open house serves a lot of purposes. I think most of all, it is to get a feel for the vision you may have for your dream home. Whether you plan on moving into it sometime soon or already live there, an Open House is a place where your mind can wander pick up unique things that will work in your home So many people ask interesting questions that help me dig deeper into the history of the home, its features and architecture. In a way, we're extremely lucky here in Southern California. The rich history and architecture coupled with great weather allow our little peice of the world to evolve in a powerfully unique way. When you pass by an Open House. Take the time to stop in. You never know what great ideas are behind those doors. Labels: Belmont Heights, Belmont Shore, Dave, Long Beach, Open House, Real Estate, Realtor, Seal Beach
# posted by Dave Harbison @ 7:18 PM
Monday, January 17, 2011
Buyer's Approach to A Home That Needs TLC
 Today, there are more homes on the market that would be considered "Distress sales" - the majority of which are short sale or a bank owned properties. In California, properties are sold "As Is"... And believe me, many need work. The questions you need to ask yourself as a buyer should drive you to a clear conclusion as to whether you should consider presenting an offer. Here is a list of, what I like call, "areas of clarity" that may help you gain peace-of-mind during the highly stressful and anxious home search experience: 1. Can you envision the end result? 2. What are the priorities of your purchase and how does the home rank? (Location, neighborhood, access, size, lot size, bedrooms, bathrooms, curb appeal, potential etc...) 3. What do you need to do to make the home "live-able"...to your standards? 4. What projects take priority and what things can be done down the road? 5. Is the list price at market value or quite a bit above or below? 6. Is there any "wiggle-room" or flexibility in the list price?  If there is anything I have learned in my years in Real Estate -- One family's "teardown" home is another's castle. If it feels right, 9 times out of 10, it is right!! Labels: Bank Owned, Belmont Heights, Belmont Shore, Long Beach, Park Estates, Real Estate, Realtor, Short Sale
# posted by Dave Harbison @ 9:05 PM
Sunday, January 16, 2011
The Mystery of the Short Sale In Long Beach, CA
 I'm sure you've been inundated with ongoing news about the state of Real Estate. Not much of it has been good. In fact, CNN reports that this year, foreclosures across the United States will peak. The experts go on to predict that interest rates will stay steady for the first part of the year then start to creep up into the 5.5% range or higher. So, when a foreclosed home or short sale comes to your attention, you may automatically think "DEAL". Especially in the first few months of 2011 while the rates are still low. The "Short Sale" may seem like a simple transaction. It's not. The owners owe more on the home than it is worth. Often times 25-30% more. They're looking for a way out. The lienholder(s) are looking for their money...Then you enter as the "Eager Buyer". It can get pretty sticky. Here are some things I've noticed and experienced as a Realtor doing short sales.
- The Price listed by the "listing agent" is often not the price the bank will accept, but one that the realtor will put in order to get an offer to submit to the bank so they can see where the bank falls. The rule of thumb
- The property may be listed for sale, yet already have an offer at the bank...which puts your offer behind (in back up) to the one submitted. All too often my clients get really jazzed about a property only to find that an offer was submitted to the bank months ago.
- I've heard of short sales taking 8-10 months to complete (although the one I'm working on now should only take 5 months...fingers crossed). It can take exponentially longer than the standard sale.
- If your offer is approved, there is a good chance you will get the property "AS IS". In other words, the bank or current title holders will not make any repairs. This often frustrates buyers as they feel they are entitled to the same courtesies normally extended to a standard sales transaction. The difference is twofold:
The title holders (owners) owe more than the property is worth and are taking a hit on their credit and most likely in in their pocketbook in order to get out of the property. They, in their own minds, have already walked away from the property and don't want to do anything more.
The bank (lienholder) is not in the business of losing money. They have not written the property off and want to keep the "bleeding" to as little as possible.
- Realtors that list short sales and are not educated in the process get frustrated quickly, making the process more difficult and time consuming to complete
Yes, a short sale can be a great buy! But be prepared to walk a windy road as statistically, most short sales do not close. And, before you start identifying short sale properties, be sure to quiz your Realtor as to their knowledge about short sales:
- Have they ever done a short sale?
- How many have they done?
- What is the process?
- Will there be a nogotiator involved?
- How do they investigate a short sale? What types of questions do they ask the listing agent?
- Typically, how long, in their experience, will it take to close a short sale
There is always opportunity in Real Estate...Have your Realtor map out the best strategies for you to achieve your goals. ---Dave HarbisonLong Beach REALTOR®Main Street Realtors (562) 618-9770---Long Beach Realtor® / Real Estate AgentLong Beach Homes for Sale, Condos and Investment PropertiesLong Beach Relocation Expert--- Labels: Belmont Heights, Belmont Shore, Long Beach, Naples, Park Estates, Real Estate, Sales, Short Sale
# posted by Dave Harbison @ 7:24 AM
Wednesday, March 17, 2010
 Everyone I've talked too knows that finishing an attic, upgrading a bathroom, remodeling a kitchen or re-landscaping your yard can increase the value of your home. But very few know the ins and outs of capital improvements when it comes to lowering your tax bill when you sell their home.
As it stands now, rules will let you add capital improvement expenses to the cost basis of your home. Simply put, costs associated with improvements (whatever they may be) lowers total profit. Or as the IRS puts it, taxable income.
The best thing to do is to get in touch with your accountant and Realtor prior to putting your home on the market and have a firm strategy for netting the most profit (and paying the fewest taxes) as possible.
Here's a link to an article that sheds even more light on the tax saving opportunities that improving your home may provide when you decide to sell: http://bit.ly/9ohY3p Labels: Belmont Heights, Belmont Shore, California, capital gains, home improvements, Long Beach, Real Estate
# posted by Dave Harbison @ 3:46 PM
Monday, March 8, 2010
Sellers - When a New Roof Matters
I always say, a well placed investment of time a money are worth a lot when it comes to selling your home... One of the biggest hurdles to overcome to a successful sale is a old or bad roof. In today's buyer's market, it is even more important than ever to go into into your home sale knowing exactly what you are willing to do about your roof. Here are some tips worth considering: First, Have all the paperwork available showing when your roof was put on and if the warranty is still in tact. Second, have up to 2 roofing contractors come over and evaluate your roof -- The condition of your wood shingles, composition, tile, slate or stone. Have them also the flashing to see that they were done correctly and that all the plumbing pipes and vents are sealed with caulk. Again, ask them if it was done correctly and professionally. You'd be surprised how many roofers don't take the time to do the job right!     Third, have the contractors go into the attic and evaluate the condition of the wood framing, sheathing and drywall for dry rot or termite damage. This will effect the estimate -- especially if there have been slow leaks that have effected the wood. Forth, have them explain the material they plan on using, the life of the roof, who the manufacturer is and how long the warranty is in effect for materials and labor. In today's real estate marketplace, it is highly unlikely that buyers will overlook the challenges that are presented for a property with roofing problems. Handle them up front and diffuse any questions they may have with logically, confident answers -- like you are in control. It is ultimately up to the buyer, however, it has been my experience that they will be less inclined to cancel or hardball a seller if they are presented a clear picture of the facts up front. Labels: Belmont Heights, California, Homes, Houses, Long Beach, Los Angeles, Real Estate, roof
# posted by Dave Harbison @ 4:32 PM
Tuesday, January 26, 2010
 Magnificant pool home nestled on an expansive lot in the heart of Long Beach's most coveted neighborhoods - PARK ESTATES!
Opportunity abounds in this immaculately maintained mid-century pool home just steps away from Cal. State University of Long Beach and close to everything that Long Beach has to offer -- unparalleled privacy, expansive lot and updates too numerous to mention.
* 4,337 sq.ft. living space on 9,000 sq.ft lot * 5 bedrooms/5 bathrooms * Expansive master suite
* Walk-in wardrobe room
* Pool/Spa with waterfall * Newer AC unit * 2 Fireplaces * Original oak wood and oak parquet floorsd * Storage throughout * Easy access to freeways Make the move to Park Estates! Labels: Listing, Long Beach, Real Estate
# posted by Dave Harbison @ 2:17 PM
Thursday, October 1, 2009
Fed Leaves Rates Alone and Supports Mortgage Market
On September 23rd, we received some more good news regarding the Fed Fund Rate. It will stay the same. Additionally, the Fed reiterated plans to support the mortgage market to the tune of $1.5 trillion. This is good news for the housing industry. Signs of stablization and great opportunity for both buyers and sellers. In my opinion, this is much needed to get us back on track.  The fed confirmed its plan to hold the funds rate near zero percent "for an extended period" even though they acknowledged that the U.S. economy is "picking up following a severe downturn". They feel financial markets need to improve more before considering a Fed Fund Rate increase. Yes home prices are on the rise nation wide. In July, they increased 0.3%. The housing market is holding its own. I feel it will continue with a few bumps along the way. Home prices and sales in Long Beach vary greatly depending on the area in which you live. There is a good sign that we have weathered one of the greatest downturns since the great depression. Foreclosures are down. Inventory is steady and people seem to be more optimistic about the future. ---
Dave Harbison
Long Beach REALTOR®
Coldwell Banker Coastal Alliance
(562) 494-4600 ext 2281
---
Long Beach Realtor® / Real Estate Agent
Long Beach Homes for Sale, Condos and Investment Properties
Long Beach Relocation Expert
--- Labels: Belmont Heights, Fed Fund Rate, Home Prices, Long Beach, Mortgage, Real Estate
# posted by Dave Harbison @ 8:59 AM
Saturday, July 18, 2009
5 Quick Tips -- Get Ready to Sell Your Home!
 When the time comes to sell your home, prioritizing projects to get top dollar will undoubtedly help drive the net amount of money you will pocket at the close of escrow . There are a number of important things to consider. I'd like to focus on 5 important aspects of selling your house. More can be found in a great Seller's Guide to selling your home. If these five tips interest you, give me an e-mail and I'll mail you one.
- Curb Appeal - This is often overlooked by the seller when they first consider selling their home. Yet it's so important. Your front yard, afterall, is where buyers form their first and strongest opinions. Make sure your home, from the street, is immaculate, clean, well cared for and inviting. It will bring more buyers that are serious about making an offer on your home.
- Don't Lose Sight of the Minor Details - Buyers in this market are (and can be) picky. Make sure to walk through your home and see that even the smallest of things (i.e. electrical covers, chipped paint, worn varnish, brass plates, etc) are in tip-top shape. Give buyers fewer reasons not to fall in love with your home.
- Clean, Clean, Clean - Understand that you are trying to sell your home for TOP DOLLAR. In order to do this, you need to make sure that your home is clean, there is no dust, all the floors shine, the kids rooms are immaculate and the walk way to your front door is clear of any leaves, weeds and cut grass. You'd be surprised how many homes lose buyers because they don't tidy up on a daily or weekly basis.
- Paint - This is probably one of the least expensive ways to breathe new life into your home. A fresh coat of paint, preferably in a neutral color, allows buyers to visualize how they would change the room and make it their own without creating opportunity for them to put a negative check mark next to the room because of the paint color. And, be very wary of "the wall paper syndrome". If it's there, it probably shouldn't be. Wall paper in this marketplace is not the most desirable attributes for buyers.
- Be Realistic - Over-improving may sound like the right thing to do, especially when you talk to buyers, but it can negatively effect your net proceeds. Take the time to talk with your realtor and discuss what improvements should be done, and what shouldn't. Be mindful of costs and return on investment. In a buyer's market, you will see buyers expecting more for much less.
Small improvements can provide a wealth of value to your bottom line. The right approach to planning your sale can make a huge difference. Labels: Belmont Heights, Belmont Shore, California, Homes for Sale, Long Beach, Park Estates, Real Estate, Selling
# posted by Dave Harbison @ 9:46 PM
Monday, January 12, 2009
Real Estate in 2009... Awwwwwwesome!
 Now that the holidays have come and gone, we can turn our attention to the new year. There's no doubt that, in 2008, we experienced challenges and turmoil that most of us didn't expect to ever see in our lifetime. And, if your eyes are glued to the news, prospects of a recovery in the upcoming months seem dim. I SAY BULL! Believe it or not, last year's real estate activity in Long Beach, CA and the surrounding area was very encouraging. Through the course of the past 12 months we saw demand, which is measured by the number of pending sales related to the number of active listings, rise 59%. We also experienced a 25% drop in the number of listings on the market. Most importantly sales increased 10.4% over 2007 numbers. And in the fourth quarter of 2008, sales were approaching 2006 levels -- a perfect opportunity for both buyers and sellers. In my experience, increased demand coupled with decreased supply suggests that price depreciation that we hear so much about will moderate and stablize...then moderately appreciate in the near future. Coupled with once-in-a-lifetime interest rates of 4.5% to 5% range, a rebound is right around the corner. Call me an optimist, but I'm going to be bullish on 2009. Labels: CA, Forecast, Long Beach, Real Estate
# posted by Dave Harbison @ 4:53 PM
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