long beach: 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)
long beach: 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)
long beach: 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)
long beach: 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)
long beach: 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)
long beach: 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)
long beach: 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)
long beach: 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)
long beach: 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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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.
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