Ocean View Condo For Sale in Santa Monica-New Listing Not in the MLS

Buying a second home in Santa Monica,Buying investment rental property in Santa Monica,Buying a house in Santa Monica,Santa Monica Home Buying,Santa Monica Real Estate Market,Real Estate Listings in Santa Monica for SaleABSOLUTELY STUNNING CONDO AT SANTA MONICA BEACH!! EXTRA LARGE 2BR 2.5 BATH LUXURY CONDO, UPGRADES THROUGHOUT, COMPLETELY TURNKEY AND MOVE IN READY! AVAILABLE FURNISHED OR UNFURNISHED! THIS IS A BRAND NEW LISTING, NOT IN THE MLS YET AND IT WON’T LAST LONG! PRICED TO SELL!

This lovely single story condo is located on 2nd Street North of Wilshire Blvd, Close to 3rd Street Promenade, Famed Montana Ave. Shopping and Restaurants, and 1 Block to Santa Monica Beach! The BEST location in Santa Monica. Ocean View in the Kitchen and Patio, this beautiful property has 3 extra large outdoor patios for all your entertaining needs. Completely upgraded kitchen with stainless steel appliances and upgraded cabinets. Cozy fireplace in the formal living room/dining room area. Both bedrooms are very large and have a lot of closet space, walk in closet in the masterbedroom. The Master Bathroom has jetted tub, separate shower, and his/her sinks.

Santa Monica,Santa Monica Neighborhoods,Ocean Park,Main Street,Montana Ave,Ocean Ave,Ocean Ave South,North of Montana Ave,North of Wilshire Blvd,Downtown Santa Monica,Living in Santa Monica,Moving to Santa Monica,Santa Monica Real Estate,Agent,Agents,TO RECEIVE MORE INFORMATION AND REQUEST A SHOWING:
CALL HEATHER PAUL
Cell  (310)923-2334  

 

 

 

COLDWELL BANKER SANTA MONICA

LIC. 01475055

CALL TODAY FOR YOUR OWN PRIVATE SHOWING BEFORE IT IS PUT INTO THE MLS!

 

Buying a Home in Santa Monica: Santa Monica House Buying Tips to Get a Good Deal

Whether it’s a buyer’s market or a seller’s market, all homebuyers have one thing in common: they don’t want to get ripped off. But how do you know if you’re getting a fair deal on the home you’re prepared to place an offer on? Read on to find out how to evaluate the price of any home so you can make a sound investment decision.

SEARCH HOMES FOR SALE IN SANTA MONICA

Research Recently Sold, Comparable Properties

A comparable property is one that is similar in size, condition, neighborhood and amenities. One 1,200-square-foot, recently remodeled, one-story home with an attached garage should be listed at roughly the same price as a similar 1,200-square-foot home in the same neighborhood. That said, you can also gain valuable information by looking at how the property you’re interested in compares in price to different properties. Is it considerably less expensive than larger or nicer properties? Is it more expensive than smaller or less attractive properties? Your real estate agent is the best source of accurate, up-to-date information on comparable properties (also known as “comps”). You can also look at comps that are currently in escrow, meaning that the property has a buyer but the sale is not yet complete.

In this case, you can actually visit other homes and get a true sense of how their size, condition and amenities compare to the property you’re considering buying. Then you can compare prices and see what seems fair. Reasonable sellers know that they must price their properties similarly to market comparables if they want to be competitive.

Look at Comparables That Were on the Market Recently but Didn’t Sell

If the house you’re considering buying is priced similarly to homes that were taken off the market because they didn’t sell, the property you’re considering may be overpriced. Also, if there are a lot of similar properties on the market, prices should be lower, especially if those properties are vacant. Check out the unsold inventory index for information about current supply and demand in the housing market. This index attempts to measure how long it will take for all the homes currently on the market to be sold given the rate at which homes are currently selling.

SANTA MONICA REAL ESTATE MARKET CONDITIONS AND LATEST STATISTICS

Consider Market Conditions and Appreciation Rates in the Area

Have prices been going up recently or going down? In a seller’s market, properties will probably be somewhat overpriced, and in a buyer’s market, properties are apt to be underpriced. It all depends on where the market currently sits on the real estate boom-and-bust curve. Even in a seller’s market, properties may not be overpriced if the market is on the upswing and not near its peak. Conversely, properties can be overpriced even in a buyer’s market if prices have only recently begun to decline. Of course, it can be difficult to see the peaks and valleys until they’re history. Also consider the impact of mortgage interest rates and the job market on the economy.

Are You Buying a For-Sale-by-Owner Property?

A for-sale-by-owner (FSBO) property should be discounted to reflect the fact that there is no 6% (on average) seller’s agent commission, something that many sellers don’t take into consideration when setting their prices. Another potential problem with FSBOs is that the seller may not have had an agent’s guidance in setting a reasonable price in the first place, or may have been so unhappy with an agent’s suggestion as to decide to go it alone. In any of these situations, the property may be overpriced.

What Is the Expected Appreciation for the Area?

The future prospects for your chosen neighborhood can have an impact on price. If positive development is planned, such as a major mall being built, the extension of light rail to the neighborhood, or a large new company moving to the area, the prospects of future home appreciation look good. Even small developments like plans to add more roads or build a new school can be a good sign. On the other hand, if grocery stores and gas stations are closing down, the home price should be lower to reflect that, and you should probably reconsider moving to the area. The development of new housing can go either way – it can mean that the area is hot and is likely to be in high demand in the future, increasing your home’s value, or it can result in a surplus of housing, which will lower the value of all the homes in the area.

What Is Your Real Estate Agent’s Opinion?

Without even analyzing the data, your real estate agent is likely to have a good gut sense (thanks to experience) of whether the property is priced appropriately or not and what a fair offering price might be.

FIND A SANTA MONICA REAL ESTATE AGENT

Does the Price Feel Fair to You?

If you’re not happy with the property, the price will never seem fair, even if you get a bargain. Even if you pay a little over market value for a home you love, in the end, you won’t really care.

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Search All the Latest Real Estate Listings and Homes for Sale in Santa Monica

Test the Waters

Even in a seller’s market, you can always offer below list price just to see how the seller reacts. Some sellers list properties for the lowest price they’re willing to take because they don’t want to negotiate, while others list their homes for higher than they expect to earn because they expect to negotiate downward or they want to see if someone will make an offer at the higher price. If the seller accepts your price or counteroffer, you’ll get an indication that the property probably wasn’t worth what it was listed for and you have a good chance at getting a fair deal. On the other hand, some sellers may underprice their properties in the hope of generating lots of interest and sparking a bidding war. Unlike on eBay, however, the seller doesn’t have to simply sell to the highest bidder: sellers can reject any and all offers that don’t meet their expectations. If you have your heart set on the property, be warned that some sellers may be offended by lowball offers and refuse to work with you if you chose to employ such a tactic. Also, when you offer less than the list price, you may increase your risk of being outbid by another buyer.

Get an Appraised Value and a Home Inspection

Once you’re under contract, the lender will have an appraisal of the property done (usually at your expense) to protect its financial interests. The lender wants to make sure that if you stop making your mortgage payments, it’ll be able to get a reasonable amount of its money back when it forecloses on your home. If the appraisal comes in at considerably less than your offering price, you may not be getting a fair deal. In fact, the lender may not even let you purchase the home unless the seller is willing to bring the price down. A home inspection, which is completed after you’re under contract, will also give you a way to gauge your offering price. If the home needs many expensive repairs, you’ll want to ask the seller to make the repairs for you or discount the purchase price so you can make them yourself.

Find out what your Santa Monica Home is worth now.
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Find out what your home is worth now.  

If you are thinking of selling your Santa Monica or Westside home or would just like to find out what your home is currently worth, fill in all bedrooms, bath, property address, and full contact information below and a detailed home comparative market analysis report will be created for your home right away.

Click Here to Get Your Current Home Value

Conclusion

When you’re shopping for a home, it’s important to understand how homes are priced so you can make a sound investment and reach a fair agreement with the seller. Using these tips, you’ll be able to make a confident and well-informed offer on any home in any market.

Heather Paul- “Santa Monica Real Estate Agent” Specializes in High End Luxury Real Estate Home Sales

If you are Thinking of Buying a Home in Los Angeles or Selling your Santa Monica Luxury High End Real Estate

Contact a Top Santa Monica Real Estate Agent Today!

Santa Monica Real Estate Agent,Santa Monica Realtor
(310)586-0364 or (424)625-1037

Coldwell Banker Residential Brokerage

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Farrah Fawcett’s Condo at The Wilshire Comes on the Real Estate Market

celebrity homes,luxury houses,luxury homes,los angeles condos for sale,los angeles real estateThe listing declares this condo “The Farrah Fawcett Residence at ‘The Wilshire.'” As far as we know, Fawcett was living here before her death in June 2009 in Santa Monica (paparazzi filmed longtime partner Ryan O’Neal going into the building after leaving the hospital on the day she died). The two bedroom, two and a half bathroom condo on the fourteenth floor has a direct elevator, an office, a dining room, and storage galore, including three walk-in closets in the master bedroom alone. The Wilshire has valet parking, wine storage lockers, a gym, and a pool. Asking price is $1.885 million and HOA fees are $2,993. Fawcett’s estate has been up to a lot lately–in February, it donated her famous red bathing suit and other pieces to the Smithsonian.

We're sorry, but we couldn't find MLS # 11-518553 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

Is Now a Good Time To Sell My Home?

Is Now a Good Time To Sell My Home?

Many people have been asking this question recently and we wanted to address whether this is a good time to sell your home or not.

When trying to decide if now is a good time to sell your current home, there are a few things to consider:
1.  Where do you plan to move? Will you be moving locally or relocating to another area?

2.  Are you buying another home or planning to rent?  If you are planning on buying, this is one of the best times to buy in many years, home price and current interest rates are extremely favorable.  Many people would like to search for homes first, you can search homes for sale online for free here:
http://santamonica-realestateagent.com/

3.  How much is your home currently worth and how much will you net from the sale of your home.  This is very important to find out, to find out what your home is worth for free, here is a great website that you can do it online:
http://instanthomelink.com/homevalues
Determining what your home is currently worth is crucial to knowing if now is a good time to sell or not.

Home prices have been increasing very steadily now for over the last 5 months, many people believe we have already hit the bottom and home prices are definitely inching up.  Buyer activity right now is very busy and many properties are receiving multiple offers.

Here is a link to provide you with great Tips for Selling Your Home:
http://santamonica-realestateagent.com/tips-for-selling-a-home-in-santa-monica-ca/

Hire a local Real Estate Expert when selling your home, we always recommend to hire a local realtor as they will have expert knowledge of your immediate area, to contact a local expert to sell your home, call (424)625-1037

I hope this helps you in deciding if now is a good time to sell your home!
Best wishes!

Heather Paul, Realtor (424)625-1037 Coldwell Banker Residential Brokerage

8 TIPS FOR ADDING CURB APPEAL & VALUE TO YOUR HOME

santa monica homes,santa monica real estate,curb appeal,home improvements that add value,heather paul,santa monica coldwell bankerCurb Appeal has always been important for home sellers. With the vast majority of today’s home buyers starting their search on the Internet, the appearance of your property is more critical than ever. You only have a few seconds to catch their attention as they scroll through listings online to get them to stop and take a closer look.

But the role of curb appeal goes beyond just making a good first impression. The way your house looks from the street can impact its value. It can also shorten the time it takes to sell your house.

We asked real estate agents, appraisers, home stagers, landscape designers, and home inspectors which curb appeal projects offer the most value when your house is on the market, both in terms of its marketability and dollars. Here is what they told us:

1. Paint the house.

Hands down, the most commonly offered curb appeal advice from our real estate pros and appraisers is to give the exterior of your home a good paint job. Buyers will instantly notice it and appraisers will note it on the valuation.

“Paint is probably the number one thing inside and out,” says Frank Lucco, managing partner of Houston-based IRR-Residential Appraisers and Consultants. “I’d give additional value for that. If you’re under two years remaining life (on the paint job), paint the exterior because it tends to show wear badly.”

Just make sure you stay within the range of accepted colors for your market. A house that’s painted a wildly different color from its competition will be marked down in value by appraisers.

2. Have the house washed.

Before you make the investment in a paint job, though, take a good look at the house. If it’s got mildew or general grunge, just washing the house could make a world of difference, says Valerie Torelli, a California real estate agent with a background in accounting.

Before she puts a house on the market, Torelli often does exterior makeovers on her clients’ homes, a service she pays for herself to get higher selling prices. Overall, she says her goal is to spend less than $5,000, with a goal of generating an extra $10,000 to $15,000 on the sale price.

Torelli specifies pressure-washing—a job that should be left to professionals. Pressure washing makes the house look “bright and clean in addition to getting rid of unsightly things like cobwebs, which may not be seen from the yard but will detract from the home’s cleanliness when seen up close,” she says.

The cost to have a professional cleaning should be a few hundred dollars—a fraction of the cost of having the house painted.

3. Trim the shrubs and green up the yard.

California real estate agent Valerie Torelli says she puts a lot of emphasis on landscaping, such as cutting down overgrown bushes and replacing them with leafy plants and annuals mulched with beautiful reddish-brown bark. “It runs me $30 to $50,” says Torelli. “Do you get a return on your money? Absolutely. It sucks people in.”

You also don’t want bare spots. Take the time to fertilize the yard; throw out some grass seed, and if need be, add some sod.

4. Add a splash of color.

It could be a flower bed of annuals by the mailbox, a paint job for the front door, or a brightly colored bench or an Adirondack chair. “You can get a cute little bench at Home Depot for $99,“ Torelli notes. “Spray paint it bright red or blue and set it in the yard or on the front porch.”

It’s not a bad idea, but don’t plan on getting extra points from an appraiser for a red bench, says John Bredemeyer, president of Realcorp in Omaha. “It’s difficult to quantify, but it does make a home sell more quickly,” Bredemeyer says. “Maybe yours sold a couple weeks faster than the house down the street. That’s the best way to look at these things.”

5. Add a fancy mailbox and house numbers.

An upscale mail box and architectural house numbers or an address plaque can give your house a distinctive look that stands out from everyone else on the block. Torelli makes them a part of her exterior makeovers “I’ve gotten those hand-painted mailboxes,” she says. “A nice one runs you $40 to $50.” Architectural house numbers may run as high as a few hundred dollars.

6. Repair or clean the roof.

Springfield, Va.-based home inspector and former builder Reggie Marston says the roof is one of the first things he looks at in assessing the condition of a home. He’ll look at other houses in the neighborhood to see if there are a lot of replaced roofs and see if the subject house has one as well. If not, he’ll look for curls in the shingles or missing shingles. “I’m looking at the roof for end-of-life expectancy,” he says.

You can pay for roof repairs now, or pay for them later in a lower appraisal; appraisers will mark down the value by the cost of the repair. That could knock thousands of dollars off your appraisal. According to Remodeling Magazine’s 2010-2011 Cost vs. Value Report, the average cost of a new asphalt shingle roof is about $21,500.

“Roofs are issues,” Lucco says. “You won’t throw money away on that job. You gotta have a decent roof.”

Stains and plant matter, such as moss, can be handled with cleaning. It’s a job that can often be done in a day for a few hundred dollars, and makes the roof look like new. It’s not a DIY project; call a professional with the right tools to clean it without damaging it.

7. Put up a fence.

A picket fence with a garden gate to frame the yard is an asset. A fence has more impact in a family-oriented neighborhood than an upscale retirement community, Bredemeyer says, but in most instances, appraisers will give extra value for one, as long as it’s in good condition. “Day in a day out, a fence is a plus,“ Bredemeyer says. Expect to pay $2,000 to $3,500 for a professionally installed gated picket fence 3 feet high and 100 feet long.

8. Perform routine maintenance and cleaning.

Nothing sets off subconscious alarms like hanging gutters, missing bricks from the front steps, or lawn tools rusting in the bushes. It makes even the professionals question what else hasn’t been taken care of.

“A house is worth less if the maintenance isn’t done,” Lucco says. “Those little things can add up and be a very big detractor. When people say, ‘I’d buy it if it weren’t for all the deferred maintenance,’ what they’re really saying is, ‘I’d still buy it if you reduce the price.’”

Contact a Local Real Estate Professional:
Heather Paul
Coldwell Banker Residential Brokerage
(424)625-1037

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Georgia-based freelance writer Pat Curry has covered housing and real estate for consumer and trade publications for more than a decade, including covering new home sales and marketing for BUILDER, the magazine of the National Association of Home Builders. Read more: http://www.houselogic.com/articles/8-tips-adding-curb-appeal-and-value-your-home/#ixzz1AIHLZT5O