I just received an email from a long time friend who lives up on the West side of Los Angeles. She just read an article on the LA Times website that frightened her. The article discusses the luxury market, mostly in the Beverly Hills area, the cities decreased tax income and the downward impact on several luxury neighborhoods and many luxury businesses in the Southern California area.

 

Long Beach 1st Time BuyersMy friend and her husband currently live in a rental and had searched for a home back when the market was sizzling hot. At that time the only homes they might be able to afford would have cost too much to put into livable condition. They were basically priced out of the market. My friend wants to know if now is a good time to buy a house or if they should continue to wait. She expresses concern that homes in the San Fernando Valley are receiving multiple offers. Reading the news has frightened and confused her.

 

Lets look at this for a minute. Here is a couple who has been expressing a desire to purchase a home for many years. They searched when they really could not afford to buy one, downgraded their search to Fixer Uppers that they also couldn't buy comfortably and then gave up, resigning themselves to living in rent indefinitely without the benefits and rewards of home ownership. This couple represents the same feelings and emotions of many buyers in today's market.

 

This couple can afford to buy a home now, a nice one. They can get a great interest rate right now and terrific loan terms. Another client of ours, a first time home buyer, was just quoted 4.6% with 1.25 points on a 30 year fixed home loan through a very reputable direct lender; that client has a modest income a good credit score, currently lives in rent and is now in escrow on a fantastic Long Beach Condo - with a view! She will be enjoying the benefits of home ownership finally!

 

FHA loans can be had with just 3.5% down payment. Conventional loans have been available with just 5% down, this is starting to change now with many lenders beginning to demand 10% down payments, I wouldn't be surprised to see that number go up to 20% by the end of the year. Loan standards are tightening and will continue to do so. As these lenders raise the bar and make loans available to only the most qualified many less qualified buyers will once again be locked out of buying a home, they just won't be able to qualify.

 

Read more over at the Long Beach Real Estate Home Blog>>>>>>>>>>>>>>>>

 

 

Long Beach Home Buyer Tips

 



Main Street Realtors Long Beach - Laurie Manny - Long Beach Realtor

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420


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Breaking Long Beach Real Estate News:


Long Beach Own Your Own (OYO) Owners Are Organizing for Condo Conversion. Back in May the Long Beach Real Estate Home Blog published an article on OYO's. So many buyers were inquiring about this form of ownership it made sense to publish an article, explaining this form of ownership, to be found on the Internet. Well it has been found, by several thousand Long Beach and potential Long Beach residents who have indeed read it, including many frustrated Long Beach OYO owners. Several days ago I was contacted by the lovely Deb Dobias, a Long Beach OYO owner who is a major contributing force in the quest to organize OYO owners to push state and local officials to loosen the reigns and convert the last of the existing Long Beach OYO's to condos. Deb went on to explain what these owners have been up against and the efforts they have put forth. We invited her to write an article here and are very pleased that she accepted our offer.

 

It is our sincere hope that the District Weekly, Curbed LA, the Grunion and Downtown Gazettes, the Press Telegram, the Los Angeles Times and the Orange County Register will also pick up this article or will contact Deb and assist in this noble effort with an article of their own to help these troubled OYO owners. It is our further hope that both California state and local officials will get out of the box and make this happen.


Please understand that many of these owners are in deep trouble. They cannot sell their Own Your Own (OYO) homes because there is little or no financing available. Due to the problems plaguing this form of ownership many owners have rented their units out and have moved on. In doing so they have decreased the level of owner occupied units in the remaining OYOs which has eliminated any chance for a Long Beach buyer to obtain financing to purchase.

 

Read the entire article at the Long Beach Real Estate Home Blog

 

 

Laurie Manny
Long Beach Realtor

(562) 212-5420

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Main Street Realtors
Belmont Heights

244 Redondo Avenue
Long Beach California 90803

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2012: The Year The Internet Ends

 

 

This video should inspire an interesting conversation. What do you think?

We have been and are building our businesses around the internet. What if the internet, as we know it was either taken away or became too expensive for us to access large enough distribution of our product? What would we do? Is this really possible? Is there a plan B?

  • Is it conceivable that only the largest and wealthiest companies could be left standing?
  • Can you imagine having access to only about 200 sites?
  • Can you conceive the cost of having to pay for any additional sites accessed that were not part of the package?
  • We are becoming completely dependant on the internet for our marketing, what would happen to our businesses if it became cost prohibitive?

What do you think?

 

 

All around the blogosphere there is talk about EPerks and the Vlad Zablotskyy freedom of speech issues.  Bloodhound has taken the issue very seriously and has set up a legal defense fund for Vlad.  Mary McKnight over at RSSpieces is very generously offering free blogs to anybody taking up the cause and writing to support both Vlad and our right to free speech. 

I received a phone call this morning from a sales representative at EPerks.  They are looking for an agent in my area to refer to for a 19% referral fee.  After explaining to them that I would never do business with them, they wanted to know why.  I simply stated "VLAD".  The woman on the phone immediately turned into a heinous bitch and screeched that they would not do business with me either and hung up on me.  It sounds like the people over at EPerks are quite familiar with the name VLAD.

So, EPERKS I have a question for you.  Why was it that you called me?  DUH!

I guess that is how they have earned the nickname EJERKS!

 

Laurie Manny
Long Beach Realtor

(562) 212-5420

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Main Street Realtors
Belmont Heights
244 Redondo Avenue
Long Beach California 90803

value wizard

 

Long Beach Real Estate Blog

Long Beach Real Estate Website

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LONG_BEACH_HEADER.jpg

Relocating to Long Beach California?


If you are relocating to Long Beach California you will need lots of information. You will be curious to know about Long Beach communities, neighborhoods and resources. We have tried to include as many area resources as possible here to make your transition a smooth one.

Long Beach California has become a destination resort area. This sleepy seaside city, known as Iowa by the sea, has blossomed into a fabulous beach resort area. Luxury high rise condos are sprouting all along the coastline, in Downtown Long Beach and Alamitos Beach. These elegant and prestigious coastal properties provide sweeping ocean views down the beautiful California coastline, views of Catalina Island - 25 miles off of our coastline and delicious, clean ocean breezes wafting in daily. The sound of gently lapping waves can be heard from your 17th floor Hi Rise condo on the sand.




Here are some local resources to help make your transition a pleasant one:

Local Area and Neighborhood Information:

Long Beach Homes and Condos For Sale
(Direct feeds from the Southern California MLS)


Search the Entire SoCalMLS Free

Long Beach Income Properties For Sale

California Megans Law

California Department of Justice

Read more on the Long Beach Real Estate Home Blog »

Laurie Manny
Long Beach Realtor

(562) 212-5420

mls wizard


Main Street Realtors
Belmont Heights
244 Redondo Avenue
Long Beach California 90803

value wizard

Long Beach Real Estate Blog

Long Beach Real Estate Website

featured listings

contact

 

I Hate Blood Sucking Vendors

 

Blood Sucking ScumWhat is it with the blood sucking rip-off artists vendors surrounding the real estate industry these days?  I know the pickings have been slim, but when did a sense of decency and fair play go straight out of the window?  This week I was approached with yet another hair brained scheme to pass costs along to the consumer needlessly. Yes I am on a rant here. 

 

Salesman barges into my office, laptop fired up and in his arms, already talking - with no regard for the fact that I am on the phone.  (I already don't want to do business with him!)  This one wants to show me a wonderful new system; for JUST $50.00, which by the way - you can JUST pass along to your customer - your customer gets their entire file on a CD framed with the Realtors advertising.  Also the broker will get a copy of the entire file. 

 

Lets clarify what they are referring to:

 

1) They will copy the broker file.  Which is a basic file with transaction related forms in it.  It does not contain any of the correspondance, fax confirmations, rejected offers, etc...  It is just the basic file - Big Whoop! Doesn't do me a lot of good if I need the rest of the file at a later date.

 

2) If the Realtor wants a copy it is an additional $8.00. You have got to be kidding!  Didn't you just ask me to sell your product to my clients? Do I need to explain this to you?

 

3) Why is the customer paying for a copy of the CD for the Broker? How does the Broker benefit?  Great Question!  The brokers pay a lot of money for the storage space those files take up, they can attrition that out over the next 4 or so years they are required by law to keep the files.  What a great way to pay nothing - just charge the customer! And benefit from reduced expenses by way of eliminating your storage costs.  For crying out loud - pay the damn $8.00! How much commission did you just earn?

 

4) So Mr. Salesman lets see if I understand you correctly.  You want me to sell your product to my client?  You want me to pay an additional $8.00 if I want a copy for my records?  You are giving the Broker a free copy of the disc? The Broker saves the exorbitant cost of file storage? 

 

Are you aware that I am in the business of selling real estate? Why would I want to sell your product and stick it to my client?  Why would you bring such a hair brained scheme to me, and not even offer me a copy of the CD as part of the package?  Are you stoopid?  Or do you think I am? 

 

First of all IF I were interested in this product - and I am not - the cost would not be passed along to my client.  I would absorb it, the same way I absorb costs for transaction co-ordination (which many agents charge their clients for) and other fees that I don't believe should be passed along to the client.  These fees are part of our internal cost of doing business, nuff said?

 

Second, I certainly would not pay for copies for other parties, they can just pay for their own. 

 

Most importantly, I want you Mr. Vendor to understand that you have deeply offended me.  Your assumption that we Realtors would not see through your intent is an insult to our intelligence.  You have assumed that we are not very bright, you are wrong.  Contrary to the opinions of some, many Realtors are exceptionally bright.  Smart enough to see right through you!

 

Would you like to try to read and explain some of our contracts? Or perhaps try negotiating a few of them?

 

I didn't think so!


Laurie Manny
Long Beach Realtor

(562) 212-5420

mls wizard


Main Street Realtors
Belmont Heights
244 Redondo Avenue
Long Beach California 90803

value wizard

 

Long Beach Real Estate Blog

Long Beach Real Estate Website

featured listings

contact

 

Laurie Manny
Long Beach Realtor

(562) 212-5420

mls wizard


Main Street Realtors
Belmont Heights

244 Redondo Avenue
Long Beach California 90803

value wizard

Long Beach Real Estate Blog

Long Beach Real Estate Website

featured listings

contact


 
 
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Long Beach Ca Real Estate, Laurie Manny

Long Beach, CA

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Main Street Realtors Long Beach California

Address: 244 Redondo Avenue, Long Beach, CA, 90803

Office Phone: (562) 212-5420

Cell Phone: (562) 212-5420

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Long Beach Real Estate, Downtown Long Beach Condos, Long Beach Condos, Long Beach Luxury Real Estate, Alamitos Beach Condos, Long Beach Homes, Downtown Long Beach Real Estate, Long Beach Home, Long Beach Realtor, Long Beach CA Real Estate, Relocating to Long Beach, Long Beach California Real Estate, Long Beach High Rise Condos, Long Beach Life Style, Ocean View Condos, Long Beach Realtor, Long Beach Real Estate Agent.


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