Palos Verdes Real Estate

Sellers Category

July, 2013, Newsletter

Dear Neighbor:  As I said in my March newsletter, “it’s just a matter of time (and not much time) before rates rise”.  Well, that time arrived last week as you probably heard on the news.  30-year fixed rates on loans over $730,000 have shot up to nearly 6% from around 4% a month ago.  Though it may look high, 6% is still low by historic standards (my parents loan on Pleasant Hill Drive was 6.25% in 1963), and it’s a pretty...Continue Reading!

Just Listed in The Gardens

This closed escrow at $413,000.  There is pretty much nothing for sale in The Gardens, mostly because people who live there love it and won't move.  Here's your chance to join them with this coveted end unit with 2 master suites, family room off the kitchen, private patio, 2-car garage, and not far from the pool/clubhouse (but far enough).  2 bedrooms with big closets, 2 full baths + a guest bath on lower level.  I hope, for your sake, that this...Continue Reading!

First Time on Market in Los Verdes

Formerly "Coming Soon", I now have a lovely 5 bedroom 3 bath Los Verdes home on the market at $1,099,000.  Well-maintained by the original owner, this home has 2440 square feet of living area, a 3-car garage, a lovely ocean view, and the most amazing windows throughout that you've ever seen.  Call me at 613-1076 if you're interested cuz this will not last. [nggallery id=28]Continue Reading!

Why Your Escrow Won’t Close on Time

Escrows almost never close on the date scheduled which, if you don't do this every day, may seem strange.  After all, both parties signed an agreement that the escrow would close on a certain date.  Why doesn't it? There are a bunch of potential reasons, but here is by far the most common: The buyer's lender.  This is by far the single biggest reason for late closings.  It isn't that the lender doesn't have time to process the loan.  The problem is that, apart...Continue Reading!