Long Beach Real Estate

Appealing Homes Raising Eyebrows…


 

When there is a deal we come across that looks too good to be true “we tend to raise an eyebrow at it. Over time, we build a quantitative instinct that warn us of the concept “no free lunches” and when there’s a deal that’s too good to be true, inevitably the deal is filled with unforeseen downsides.

When the perfect home goes up for sale, some would-be buyers feel something’s wrong with the home. Buying a home is a major purchase and heightens the emotions of buyers, especially when there’s a home that “pops-up” seemingly “too good to be true”

For would-be buyers, “thankfully,” your local Realtor can help you structure your offer, so it has sensible timeframes for due diligence allowing more than enough time to inspect the home properly. If the home inspection reveals any problems with the home, (no worries) if you and the seller can’t agree and come to mutual terms through negotiations, then per the residential purchase contract, you can merely withdraw the offer to purchase, and receive the all of the earnest money back!

I keep telling would-be buyers; if the home seems too good to be true, please ignore your instinct, we first need to get it under contract, then we can see if the home is really all that. The last thing a would-be buyer wants to do is pass on or hesitate to make an offer on because the home seemed to be too good of a deal.

As a local Realtor in Long Beach CA, I see it all the time; the more appealing the home is, the faster the home gets into a contract and sells. The homes that seem perfect are the ones that have no problems in contract and consequentially are the homes that sell fast, too!

FREE TO ANSWER ANY REAL ESTATE QUESTIONS

Trust is a source of pride and a true honor, trust is power…

Your Local Real Estate Connection

JON KOLSKY

5325 E 2nd St #206, Long Beach, CA 90803

License: 01311273   Phone: 562-225-2296 | Fax: 562-439-0511

Email: jmkinfo66@gmail.com

Just ask me & get a professional home value estimate – FREE and with no obligation of course.

Here’s a look at Long Beach California. 

Start your Long Beach, CA home search here:

Long Beach Homes for Sale between $0 – $100,000

Long Beach Homes for Sale between $100,000 – $200,000

Long Beach Homes for Sale between $200,000 – $300,000

Long Beach Homes for Sale between $300,000 – $400,000

Long Beach Homes for Sale between $400,000 – $500,000

Long Beach Homes for Sale between $500,000 – $10,000,000

Search the up-to-date listings of single family homes for sale in this Long Beach, California

Home Searching in Long Beach: Made it Easy Finding a Home in Long Beach: Long Beach Homes For Sale  Long Beach Condos For Sale Long Beach Short Sales Long Beach Foreclosures
© 2014 KGP Real Estate. All rights reserved
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Ascertaining Fair Market Home Values


 

1461 Bryant Dr E Long Beach CA As a local Realtor in Long Beach, I usually run into three opinions when it comes to the value of a home. In my experience and in general, there is what the seller feels the home is worth, what the buyer wants to pay for the home, and what fair market value deems it to be.

Typically, sellers seem to gravitate to the high end of the market value range while buyers want to purchase on the bottom end of the market value range. It’s understandable a buyer trying to buy a home worth $750k for $730k, just as it is understandable that a seller would love to get $785k versus $750k.

As a local Realtor, I let the seller know that their home is unique, and everything thing about their home will be considered and added in my comparative market analysis. I go through and explain; location, market, recent comps, condition, improvements, neighborhood, & seller’s time frame are some of the major factors that determine the value of their home.

I’ve been providing CMA’s to home owners since 2001; it’s part of the job description to know what the fair market value is, and it’s what I do “accurately” in hopes of earning business. It’s also my job to know and understand how sellers feel about the fair market value price, just as it is my job to know how buyers react to the fair market value price. Part of my job-details are determining the fair market value price accurately “as well as” bridging the gap getting seller and buyer seeing eye to eye.

FREE TO ANSWER ANY REAL ESTATE QUESTIONS

Trust is a source of pride and a true honor, trust is power…

Your Local Real Estate Connection

JON KOLSKY

5325 E 2nd St #206, Long Beach, CA 90803

License: 01311273   Phone: 562-225-2296 | Fax: 562-439-0511

Email: jmkinfo66@gmail.com

Just ask me & get a professional home value estimate – FREE and with no obligation of course.

Here’s a look at Long Beach California. 

Start your Long Beach, CA home search

here:

Long Beach Homes for Sale between $0 – $100,000

Long Beach Homes for Sale between $100,000 – $200,000

Long Beach Homes for Sale between $200,000 – $300,000

Long Beach Homes for Sale between $300,000 – $400,000

Long Beach Homes for Sale between $400,000 – $500,000

Long Beach Homes for Sale between $500,000 – $10,000,000

Search the up-to-date listings of single family homes for sale in this Long Beach, California

Home Searching in Long Beach: Made it Easy Finding a Home in Long Beach: Long Beach Homes For Sale  Long Beach Condos For Sale Long Beach Short Sales Long Beach Foreclosures
© 2014 KGP Real Estate. All rights reserved

Investing In Rental Property


Investing In Rental Property

 

ImageDepending on when you bought a rental property & and how much you bought it for, (if you did it right,) most likely you’re feeling the ongoing delight of the investment. When successfully executed, landlords experience an annual positive cash flow, a yearly tax benefit, and owe less to the bank.

If you do it right, being a landlord is rewarding in many ways. But I caution would-be landlords about making rash buying decisions, there are some mistakes that are disastrous for real estate investors that should be avoided at all cost.

Unless you have a ton of money, there’re a couple rules that must be followed when investing in rental property. 1st -The deal has to pencil out (if it costs too much & you can’t make a 7% profit on your initial investment) “you can’t buy it. After rule #1, you need to make sure “in terms” of the condition of the investment property, & the location of the investment property, they both need to meet certain expectations, if not; “you can’t buy it! You have to be firm on all three points if you want your investment to bring you annual delight and prosperity!

I wanted to be a landlord! In the early- 90s, I leaped into the rental market; I invested in one rental property at a time, and over the years I’ve managed to stay firm when it comes to investment rental properties. I’ve been able to grow my business by investing my money right, and thinking more in the long term, versus the short term. Unless you are mega rich and don’t care if the investment loses money, you have to be firm investing money in rental property. All it takes is a firm stance of a few sticking points, & the willingness to put forth the time and effort required to have happy long term paying tenants!

Only the mega rich can afford to invest in rental properties that lose money. Bottom line is there’re some properties that never make money “just as” there are some properties that are well-located that bring a positive cash flow. It’s all about doing a thorough analysis of the property’s cash flow before you invest your hard earned money in rental property!

As you contemplate your next move, remember that owning rental properties can and is a prosperous long term investment. With the willingness to invest wisely, a bit of desire, knowhow and time – becoming a landlord is a profitable plan & works out better than expected.

 

Your Local Real Estate Connection 

JON KOLSKY

5325 E 2nd St #206, Long Beach, CA 90803

License: 01311273   Phone: 562-225-2296 | Fax: 562-439-0511

Email: jmkinfo66@gmail.com

Just ask me & get a professional home value estimate – FREE and with no obligation of course.

Here’s a look at Long Beach California. 

Start your Long Beach, CA home search

here:

Long Beach Homes for Sale between $0 – $100,000

Long Beach Homes for Sale between $100,000 – $200,000

Long Beach Homes for Sale between $200,000 – $300,000

Long Beach Homes for Sale between $300,000 – $400,000

Long Beach Homes for Sale between $400,000 – $500,000

Long Beach Homes for Sale between $500,000 – $10,000,000

Search the up-to-date listings of single family homes for sale in this Long Beach, California

Home Searching in Long Beach: Made it Easy Finding a Home in Long Beach: Long Beach Homes For Sale  Long Beach Condos For Sale Long Beach Short Sales Long Beach Foreclosures
© 2014 KGP Real Estate. All rights reserved