century 21: Are you a real estate investor? The Basics of a 1031 exchange - 11/14/07 05:57 PM
There are generally four types of exchanges that benefit the Real Estate Investor. They are:DelayedSimultaneousBuild to suitReverseThere is also a method of exchanging personal property, which is usually the case in the sale or acquisition of a business.The most common exchange is the Delayed exchange. In transacting a delayed exchange, an … (1 comments)
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century 21: UCLA's Anderson Report - 06/19/07 06:31 PM
UCLA released today, the quarterly "Anderson Report", an economic forecast for California's overall economic health. The key points in today's report are:
1.) Housing sales are expected to be slightly down or flat through next year, a trend we're already seeing in some markets.
2.) The impact of this real estate downturn had … (0 comments)
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century 21: Country Club Living that won't break the bank! - 06/04/07 04:49 PM
4443 Levelside Ave, Lakewood, CA 90712 Open House Every Saturday & Sunday, 12-5 pm. 2 Bedroom, 1 Bathroom House 1,026 Square Feet $479,000 Offered by TeamResults.
Attractive home in the Lakewood Mutuals with some unique features. There are beautiful hardwood floors and a raised dinig area. Living room has a fireplace and a view of … (1 comments)
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century 21: Everything you ever wanted to know about real estate but were afraid to ask: Condos and Co-Ops - 05/31/07 04:29 PM
There is a difference between condominiums and co-operatives. Both are a type of multifamily properties that house multiple units. Condominium owners actually own real property, while co-op owners have shares that give the right to occupy and use the unit.
A co-op can be thought of (because it is) a corporation formed … (0 comments)
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century 21: Everything you ever wanted to know about real estate but were afraid to ask: Home Inspection - 05/25/07 10:04 AM
Hiring a home inspector before purchasing a house, condo, or newly builthome can sheild buyers from unknown problems arising from faulty, or damaged systems. The relatively low cost of hiring a qualified home inspector pales when compared to protecting a large investment.
When considering which inspector to hire consider their experience, professionalism, … (6 comments)
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century 21: Mortgage Scam: Warning - 05/02/07 09:22 AM
I've just been made aware of an ugly scam that is affecting a lot of people in Southern California and other places. This is an insidious scam that takes advantage of the turbulent finance environment.
Consumer advocates and Mortgage Brokers (the reputible ones) are warning of this fraud where someone, under a … (6 comments)
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century 21: California's real estate marketplace. - 04/30/07 03:53 PM
Some good news for the California Real Estate Market: Almost 40,000 homes were sold last month, an increase of nearly 30% over the previous month. The median price is up 3.0 from last year and the average mortgage payment was 2,230 last month.
According to DataQuick, foreclosure activity is still rising but … (0 comments)
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century 21: Everything you ever wanted to know about real estate but were afraid to ask. Options - 04/27/07 10:26 AM
In exchange for something of value (consideration) the right given to a party (optionee) by the owner of a property (optionor), to purchase or lease property within a specified time.
The option is a pre-arranged, written agreement between an owner and a prospective buyer that states the right to purchase a property … (0 comments)
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century 21: Missed out on your chance to own? - 04/24/07 12:06 PM
Do you think you've lost your chance to own a home in Long Beach? I'm here to tell you not to give up yet. There are programs in place for first time homebuyers that help you own your own house or condo. These programs are sponsored by the California Housing Finance … (0 comments)
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century 21: What's happening with home sales in Long Beach? - 04/16/07 02:42 PM
In March, 2007 there were 239 single family residences sold in Long Beach. The number of Condo units sold was much lower at 72.
The median price of condos dropped in every area except neighborhoods in the 90807 and 90808 zip codes which saw increases. The biggest drop was a 28.4% decline … (0 comments)
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century 21: California: Median Price Goes Up. - 04/13/07 02:43 PM
Southern California's median price continued its upward movement, cresting the Half-Million Mark. The median has risen nearly 5% since this time last year, for the 6 county area.
The median price is the middle price of resale home's where half are sold for more than the middle price, and the other half … (0 comments)
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century 21: Everything you ever wanted to know about Real Estate but were afraid to ask: Reverse Mortgage. - 04/12/07 04:49 PM
A reverse mortgage is a way to borrow money against the equity in your home to provide you with tax-free income. You can receive funds in any number of ways including:
Lump sumRegular monthly payments for as long as you live (or reside in your home)Monthly payments with a pre-determined cut off … (4 comments)
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century 21: Smooth Loan Approval - 04/05/07 02:48 AM
When making offers to purchase a home, any delay in your approval process could mean a lost deal. Here we've listed 5 Do's and 5 Dont's to help avoid delays in your loan approval.
Do's
1. Continue making mortgage or rent payments2. Keep working at your current employer(s)3. Continue living at your current … (2 comments)
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century 21: Going it Alone: For Sale By Owner - 04/05/07 02:41 AM
With all the real estate information available to homeowners, its natural that some would decide to ‘go it alone' when selling their home. The primary advantage of selling without an agent is not having to pay the agent's commission.
In addition to any potential savings, a homeowner turned FSBO should consider the … (0 comments)
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century 21: PMI and TAX savings - 03/30/07 04:56 PM
A long awaited law makes PMI (private mortgage insurance) deductible on homeowner's taxes. Homes that are purchased or have been refinanced in 2007 are eligible for this deduction.
PMI is an insurance policy on most home loans that carry less than 80% LTV (loan-to-value). The policy covers the lender against loss in … (2 comments)
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century 21: New Website - 03/28/07 07:09 PM
My team and I are working on a new website. www.teamresults21.com, Still in the planning stages - we hope to make it the online source for Long Beach real estate. Most agents have personal web pages, and in this day and age having one is essential to staying in business. I've had … (0 comments)
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century 21: Saving money on homeowner's insurance - 03/26/07 03:10 PM
We as agents and members of the real estate community often talk about saving money when buying a home. Savings might be commission amounts, reduced asking price, seller paid, closing costs, etc.
Something we don't often talk about and should is; saving money on your homeowner's insurance policy. Every home needs to … (0 comments)
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century 21: Established Sub-prime Lenders Not Taking Much of a Hit - 03/26/07 02:29 PM
The ongoing reporting of the ‘crisis' in the mortgage industry took a turn today when Wells Fargo & Co. reported that it is committed to providing sub-prime (higher cost/risk) loans to borrowers. The company insists they continue to do so in a responsible way, citing the need of some borrowers to … (0 comments)
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century 21: The Tidy Kitchen - 03/25/07 03:18 PM
The kitchen is the heart of the home. That being the case, you want it to be especially appealing to visiting buyers. Of course investing in upgrades can really boost the "wow" factor, but there is always the chance you may not see the return on the investment you hoped for. If your … (0 comments)
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century 21: Its Tax Season Again. - 03/11/07 10:46 AM
This year Tuesday, April 17, is the deadline to file your federal tax returns. And this is a good time to remind our friends to double check your returns before sending them off whether electronically or the old fashioned paper method.
The IRS has been touting via public … (4 comments)
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