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Great Short Sale Opportunity in South Torrance – In Escrow

Short sale opportunities have just about dried up in the South Bay with homeowners quickly regaining any lost value after the bubble burst.  Although no longer  commonplace and not the deals they once were, short sales and foreclosures still do occasionally come along.

Just listed is a very nice sized home in a great South Torrance neighborhood at 4026 W 234th Street 90505.  The home features 3 bedrooms, 2 baths, and an impressive 2171 square feet.

[idx-listing mlsnumber=”7529016010″ showall=”true”]

in Buyers, First Time Buyers, Homes for Sale, Short Sales and Foreclosures, South Torrance, Torrance Real Estate Posted by Keith Kyle
Vista Sotheby's International Realty logo

Vista Sotheby’s International and South Bay Brokers

When working with Keith Kyle, you get more than just the expertise and service of one person….you get the backing, support and global reach of Vista Sotheby’s International Realty, one of the most successful and reputable real estate companies in the South Bay.

While Vista Sotheby’s and South Bay Brokers merged in the summer of 2015, the new company still holds the values and founding principles.  Founded in 1985, South Bay Brokers had been an industry leader since it’s inception and continues today to be a leader in terms of expert, honest real estate in the South Bay. With offices in Manhattan Beach, Hermosa Beach, Redondo Beach, the Hollywood Riviera and Palos Verdes, Vista Sotheby’s agents are area experts in the cities of Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Lawndale, Hawthorne, Palos Verdes and surrounding neighborhoods.

Serving all of your Torrance real estate needs. With offices in Manhattan Beach, Hermosa Beach, and Redondo Beach, we are your South Bay Realtors.

  • Manhattan Beach – 2501 N Sepulveda Blvd 2nd Floor, Manhattan Beach CA 90266
  • Hermosa Beach – Pier Avenue, Hermosa Beach CA 90254
  • Redondo Beach – 1640 S Pacific Coast Highway, Redondo Beach CA 90278
  • Riviera Village – 1801 S Catalina, Redondo Beach, CA 90277
  • Palos Verdes – 608 Silver Spur Road – Suite 103, PV Peninsula CA 90274

Founded in 1985, South Bay Brokers has been an industry leader since it’s inception and continues today to be a leader in terms of expert, honest real estate in the South Bay. With offices in Manhattan Beach and Redondo Beach, South Bay Brokers are area experts in the cities of Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Lawndale, Hawthorne, Palos Verdes and surrounding neighborhoods. South Bay Brokers has recently become noted as short sale experts and can help both buyers and sellers through this rather challenging process.

At Vista Sotheby’s International we take pride in our consistently high sales volume, unquestioned ethics and deep community involvement – and have done so for the past 20 years. All of these winning qualities stand firm upon a strong, stable, enduring foundation provided by our founding Brokers, our dedicated agents, staff longevity, cooperative working environment and continuing education program.

If you’re looking to buy, to sell or just get a feel for the area, you’ve come to the right place. We are here to help.

in Buyers, First Time Buyers, Listing Agents, South Bay Brokers, Torrance Realtors Posted by Keith Kyle
The great neighborhoods of Torrance

10 Torrance Home Buyer Tips

Assistance for First Time Home Buyers in Torrance CA – 10 Home Buying Tips

  1. Find a real estate professional who is the right fit for you.   Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the Realtor®  you choose is both skilled and a good fit with your personality.
  2. Timing the market.   There is no “right” time to buy anymore than there is a right time to sell. If you find a home now, don’t try to second-guess the interest rates or the housing market by waiting. Changes don’t usually occur fast enough to make that much difference in price and a good home won’t stay on the market long.
  3. The most important opinion is your own.  It’s natural to want reassurance for such a big decision, but too many  ideas will make it much harder to make a decision. Don’t ask for too many opinions and trust your own instincts.
  4. The Big Picture. Accept that no house is ever going to be perfect. Pay attention to the things that are most important to you and let the minor things go. Make the decision based on whether you would be happy in the home.
  5. Keep negotiations realistic.  Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price may lose you the home you love and although the difference may sound like a lot, it may be an insignificant difference over the life of a 30 year mortgage.
  6. Remember your home doesn’t exist in a vacuum.   Don’t get so caught up in the physical aspects of the house: room size, kitchen, floors, etc. that you forget such issues as amenities, noise level, neighborhood, etc. that have a big impact on what it’s like to live in your new home.
  7. Get pre-qualified or pre-approved.  Don’t wait until you’ve found a home and made an offer to get approved for a mortgage. Not only is getting pre-qualified quick and easy, but there is no obligation. Finding out how much you can afford, whether your credit could use some repairing, and what your monthly payments might be, is a significant step toward buying a house and making the process less stressful.
  8. Factor in maintenance and repair costs in your post home-buying budget. Even if you buy a new home, there will be some costs. Don’t leave yourself short and let your home deteriorate.
  9. Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits. It is common to question your decision but in the long run, home ownership is usually a fantastic opportunity.
  10. Choose a home first because you love it; then think about appreciation. A home’s most important role is as a comfortable, safe place to live. With the increases in value in the early 2000’s, people have begun to think of their home strictly as a way to make money. Make sure your home is something that you’ll enjoy living in for a long time.

See our other articles for first time homebuyers:

in Buyers, First Time Buyers Posted by Keith Kyle
Torrance open houses

Will Overpricing Help Slow the Torrance Market Down?

By Keith KyleCoins in tabular chart

I’ve noticed an early January trend in some of the local markets as many homes now seem to be listed at prices that recent sales just don’t seem to justify. Will this overpricing help slow the market down a little as we’re starting to see some homes sit on the market and even eventual price reductions.

We’ve seen the market increase in value dramatically in the past 12 months with values generally rising each month but since late November we seem to be seeing more homes priced well above the current market and well above the pricing trend. Only time will tell what 2014 has in store in the Beach Cities real estate market but as perception is such a real part of real estate, buyers now seeing homes sit on the market without selling may mark the beginning of a slow down.

in Buyers, First Time Buyers, Real Estate Market, Real Estate Trends, Torrance Real Estate Posted by Keith Kyle