Palos Verdes Real Estate

Sellers Category

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!

Sold in 3 Days — 4045 Via Pima, PVE

Formerly "Mystery Valmonte pocket listing"!  This sold instantly and is now in escrow.   This is a totally remodeled 3 bedroom 2 bath one level home of just under 1500 square feet, 2-car attached garage, lovely red oak floors throughout, and very nice curb appeal.  Nice size rear garden.  Completely turn-key.  This house is on one of Valmonte's premier streets  -- I know, I know --  they all say they're "on the best street", and in Valmonte there really aren't any bad ones,...Continue Reading!

May, 2013, Newsletter

Dear Neighbor:  Onward and upward!  Reasonably-priced homes continue to sell quickly, often with multiple offers.  Interest rates still have not moved upward, remaining at around 4%.  And lenders have begun making 95% loans again (5% down) – I think this is called amnesia.  One of the less-obvious issues we’re having these days is that of appraisals.  This is always a problem when the market is rising, as appraisers use closed sales (which, of course, are lower in a rising market) to determine...Continue Reading!

Sold Instantly! 4017 Via Nivel, PVE

Don't wait on this excruciatingly cute 1450 square foot one level Valmonte home, on the market May 20!  Remodeled 2 bedroom 2 bath with 3rd bedroom converted to family room and could be converted back. Over 8000 square foot flat lot, wonderful street, move-in condition, 2-car garage and, as you can see, curb appeal to die for.  $1,095,000 and worth every penny.  Call me at 310 613-1076 for a sneak preview! Update:  This property sold at $1,090,000 -- we deducted $5000...Continue Reading!