Real Estate Blog LA

Gorgeous 5/6 in Hermosa Hills

2008-08-08T14:49:00Z

• 4,300 sq. ft., 6 bath, 5 bdrm single story - $3,455,000

Hermosa Hills, Hermosa Beach - Gorgeous 5 Bedroom 6 Bathroom house located on one of the most desirable streets in North Hermosa.You will love the wonderful Ocean Views enjoyed from the entire top level of this home which is where the great room, Formal dining room, kitchen & family room are. This home was custom built by the Award winning Architects Arthur and Tony Ashai for its current owners. Beautiful Granite by Robert Ruggeri, when you look at the granite you can see that all the paterns are lined up and follow the design up into the backsplash. The gourmet kitchen features high end stainless appliances including a 48" Viking professional cook-top stove with downdraft ventalation. Along with the double door built in refrigerator, there are 2 additional sub zero refigerator drawers, a built in oven, convection oven, microwave & bread warming drawer. There is a 3 stop elevator that begins on the first level where the 4 car garage and full one bedroom apartment / guest quarters is located. The second level has 4 bedroom suites ( each has its own bathroom ) The Master is a retreat with its fabulous spa bathroom that has a 2 person whilrpool bathtub, a huge walkin shower with seamless glass doors, a steamer, 3 body jets, a waterfall & hand held shower with a spacious sitting area. The toilet room features a bidget, numerous maple cabinets and a huge walk in closet. All of the windows through out this house are top grade Milgard, the bathroom and entry doors have beautiful reeded glass, which allows for privacy while giving the rooms lots of natural light. There is an approx 500 Square foot roof top deck that has forever Ocean ( Hermosa Pier, Catalina to Malibu ) and City views. 4300 Square feet of pure luxury. 2 1/2 short blocks to the Ocean.

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Price Reduced on 2130 Monterey in Hermosa Hills

2008-08-08T14:49:00Z

Hermosa Hills, Hermosa Beach - Announcing a price reduction on 2130 Monterey, a 4,300 sq. ft., 6 bath, 5 bdrm single story. Now $3,455,000 - .

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Housing Legislation Can Help The Housing Market

2008-08-06T03:53:00Z

National Association of Home Builders (NAHB) President Sandy Dunn praised the Housing and Economic Recovery Act of 2008 that was signed into law on July 30. “We believe this landmark legislation is vital to address the turmoil in the financial and housing markets and to bolster the faltering economy,” said Dunn, in a teleconference with reporters. Presenters of NAHB’s teleconference included Rob Dietz, director, tax issues with NAHB; Ed Brady, president of Brady Homes, Bloomington,...(read more)

The Housing and Economic Recovery Act

2008-08-04T17:16:00Z

This week, President Bush signed the "Housing and Economic Recovery Act of 2008" into law. This $300 Billion rescue plan is aimed at helping struggling homeowners avoid foreclosure, as well as boost confidence in the housing market. Although the bill is several hundred pages long and contains a number of far-reaching provisions, here are a few of the major provisions in the legislation that impact homeowners and homebuyers: 1. Tax credits. First-time homebuyers who purchase their primary...(read more)

Focus on the Lender: An Interview w/Dean Wong - First Cap. Mortgage

2008-07-17T16:39:00Z

In an effort to find solutions for my Buyers, I took the time to interview Dean Wong at First Capital Mortgage . I have known Dean for 5 years and have worked with him on many transactions. TOM :First of all Dean, thank you for taking time to chat with me. My readers really appreciate any clarity you can provide in these changing times. DEAN :It is really my pleasure Tom. TOM : With the Subprime fallout, are there some new products that Buyers should be aware of? DEAN :With the demise and implosion...(read more)

Kitchen Trends

2008-07-16T15:41:00Z

Home shows this year are exhibiting Kitchens that have continued the use of glass as a key design element . Once used as a decorative backsplash element, it is being used as both front material as well as a counter top. Colored, frosted, painted and etched are all tendy. With the limited access and high cost of exotic veneers, the growth of high-textured, wood-grained laminates are popular. Look for Black Oak, Natural Teak and Zebrano . The addition of furniture in the modern kitchen is a popular...(read more)

Prices are Rising-for four straight months!!

2008-07-14T19:35:00Z

Prices have risen for four straight months. The median home price has fallen from a high of $230,200 in July 2006 to a low in February 2008 at $195,600, a drop of 15%. Since February, however, it has risen steadily every month. By May the index (which will be revised on July 24) had risen to $208,600, up $13,000 and a full 6.6%. Another indicator, the mean home price (otherwise known as the average home price), has also shown strength and has risen from a low of $242,000 also in February of this...(read more)

Economic Calendar for the Week of July 14 – July 18

2008-07-14T16:45:00Z

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Ways to Save on Cooling Costs

2008-07-14T16:01:00Z

Heating and air conditioning usually represent the biggest portion of home energy bills. As we head into the hottest part of the year, here are some ideas from author and home improvement expert Don Vandervort that will help you stay cool...and save money in the long run: Get 'In the Zone': Creating heating and cooling zones that let parts of your house become warmer and cooler than other parts is a great way to save both energy and money. If your home has a ducted system and wasn't originally...(read more)

Forecast for the Week - July 14, 2008

2008-07-14T15:58:00Z

We could be in for another explosive week, as several reports will show the impact inflation continues to have on the economy. Tuesday will bring the wholesale inflation measuring Producer Price Index as well as the Retail Sales Report, which measures the total receipts of retail stores. Since these numbers reflect consumer spending patterns, this report will show how much of an impact inflation and high oil prices are having on consumer pocketbooks. On Wednesday, the Consumer Price Index report...(read more)

Buyers Hurry!--Housing Market doing a 180

2008-06-04T20:07:00Z

Homes are now more affordable then they have been in years. As soon as I state this, the market could turn the other way. It may be many months before we see balance in the markets, but it is coming. Price reductions have increased dramatically in the past 2 weeks as Sellers look towards the Summer selling months. Homes are no longer as overpriced as they were last year and it seems rational to believe the floor is near. Buyers are looking for a sign that they are at the floor. Some are waiting for...(read more)

Real Estate Foreclosure Auction Sale Process

2008-05-15T04:24:00Z

What will I need to bring to the Auction? For Auction sales, you will need to bring a Cashier’s check made out to yourself. Normally this Check is for 10% of the minimum sale price set by the Auction company. What happens if I am the successful bidder? Immediately after the event, you will pay a 10% non-refundable deposit and sign a contingency-free contract agreeing to close within 30 days. As you bid, remember that the actual sale price may include a buyer’s premium that is added to...(read more)

Relocation Services Los Angeles CA

2008-05-15T00:39:00Z

Relocation Services in Los Angeles California Are you looking for a great California Realtor® or California Real Estate agent? I am one of the most experienced relocation Realtors® and agents in California. I can help you locate California real estate for sale or California apartments for rent . I can also guide you in the right direction to research California schools or Demographics , and California city data where you are relocating to. I can also help you locate a California foreclosure...(read more)

Don't Overpay - File a Property Tax Appeal

2008-05-05T17:48:00Z

DON'T OVERPAY... FILE A PROPERTY TAX APPEAL: Property taxes seem to jump up year after year. Unfortunately, we've become so accustomed to rising taxes that it's no longer a surprise. But here's something that may surprise you. Did you know that over the last eight years, property taxes have actually outpaced even inflation? Those rising taxes - combined with the recent plateau in home values in some areas - mean you may be paying more than your fair share. In fact, the National Taxpayers...(read more)

When should you get Pre-Approved for a Loan?

2008-05-04T18:34:00Z

I recommend that prospective home buyers get Preapproved as a way of establishing their good faith to home sellers and agents. Home buyers sometimes get into trouble because they aren't clued into the sequence of steps involved in financing their purchase. These Steps are Qualification, Preapproval, Approval and Lock. Qualification (or Pre-qualification , as it is often called) is an opinion that your income, assets and current debts qualify you for a loan of some specified amount. The opinion...(read more)