Palos Verdes Real Estate

July 2020 Newsletter

 Dear Neighbor:

I’m sure real estate is all you’ve been thinking about the past few weeks, right?  No?  Well I have, and how to get houses sold given the [ahem] current situation.  This is when having been in this business 35 years helps.  While challenges and roadblocks periodically appear, they also have in the past, and knowing how to work around them for the people who need to sell in times like this is why my clients appreciate me.  I don’t think I’d like to be a new Realtor these days.

As I said in my last newsletter, there is a shortage of houses on the market these days compared to the demand, primarily because home sellers have the impression that this is not a good time to sell.  I would like to suggest that it is a good time to sell, with the right approach.  One reason that it’s a good time to sell is that there is a shortage of houses on the market.  There are still plenty of buyers out there who, for one reason or another, need to buy a house, from the limited number of choices available.  You, as a seller, can benefit from this.

Another reason is that interest rates remain unprecedentedly low – in the high 2- to low 3%’s for a 30 year fixed rate loan.  When I got into the business the best you could do was 14% for an adjustable, which went who-knows-where after a few years.  Current low rates put many more buyers in the market, which obviously helps you as a seller.  On that subject, and as I’ve mentioned before, I have got lenders that most other agents don’t know about – we call them “Portfolio Lenders” who don’t sell the loans off to Freddie Mac and Fannie Mae and thus don’t have to meet the sometimes stringent and inflexible criteria of this irascible couple.

I’ve got several homes coming on the market around the time you get this.  One is 1557 Granvia Altamira, PVE, which is a really lovely one level 4 bedroom home on a large absolutely flat lot in Montemalaga.  I’ve included a flyer about it.  Another coming up in Montemalaga is a 4 bedroom 3.5 bath 1930 home on a 16,000+ flat lot on the rim.  The panoramic Queen’s Necklace view will knock your socks off, so make sure they are secure before entering.  I’ve got a couple more in the $1,200,000 range in RPV that have been delayed by Covid, but if you’re looking for something in that price range, give me a call (310 613-1076), because by the time you’re reading this, something might have broken loose.

Lastly, I recently discovered a mid-50’s housing tract called Portuguese Bend Estates.  Ever heard of it?  Me either.  I recently wrote an article on it for www.PalosVerdesPulse.com, or you can find it on my website below.  You’d think after 72 years living here I’d know all this stuff.   Goes to show ya.  The Palos Verdes Historical Society was so impressed that they elected me President a couple of months ago.

Thank you again for your continued support, and visit my website (www.DanaGraham.com) for the latest.                                                                                                                                                                                                                   

This entry was posted on Sunday, July 5th, 2020 at 7:23 am and is filed under Buyers, Everything I've Written, History & Current Events, Newsletters, Palos Verdes Information, Real Estate General Info, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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