My longtime clients know that I am particularly interested and involved in the Palos Verdes Peninsula ‘foreclosure scene’.

Foremost, my mission is to help PV homeowners continueto be PV homeowners. So I hold seminars and private meetings and teleseminars – whatever I can to educate folks about their options.

Most people have far more options than they realize, of course.

I also find good deals for buyers.

Today a Palos Verdes dream dies

25 Rockinghorse, RPV was lost at foreclosure auction today. This home was last sold at the height of the market – Dec. 2005 for $1,125,000. The stats: 3/2 1700sqft interior, 27,000 sqft lot with a huge SP Harbor view.

Buyers: Expect to see this home on the market soon. Please email for additional pics and details. Now that the secondary liens have been eliminated the remaining lienholder has just $880,000 on the property. I believe this will be a very good buy at $950,000 while market value is probably closer to $1 million. Contact me immediately for more information.

-Ryan Rockwood

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The growth of the South Bay real estate market has accelerated over the last couple of years, causing
the skyrocketing of related real estate prices. Therefore, if you’re one of those who still haven’t secured your dream property in the South Bay area — that sprawling home in the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates) or top-of-the-line condominium in the Beach Cities (Manhattan Beach, Hermosa Beach and Redondo Beach), then you must hurry. Investing in real estate is an excellent opportunity to gain profits from reselling as prices continue to soar in the South Bay. After some years, you can resell the same South Bay property at a higher price.

Read Also: Important components of your South Bay Real Estate Closing

Regardless of the role you play – buyer or seller — in the South Bay real estate process, each transaction requires having to deal with a variety of legal requirements. The federal government and the state have regulations and laws that guide the conduct of the real estate market. Knowledge of the law, clearly, is an advantage in real estate transactions.

Read Also: Finding a Good Real Estate Lawyer for Your South Bay Real Estate Business

Each party signs a wealth of legal documents during real estate transactions. Often, these contracts and other agreements include complex clauses that may require the need for legal expertise for interpretation. Moreover, negotiations as regards the inherent benefits and responsibilities in the contract often occur. Lawyers may be necessary to successfully go through this negotiation process, as for many individuals, negotiations are not only difficult but also scary.

Read Also: Torrance Real Estate : Foreclosure Scams and How to Avoid Them

California Real estate lawyers, however, have had experience and training not only in interpreting legal clauses but also in negotiating agreements. They help you, whether you’re buying or selling property in South Bay, by facilitating the smooth progression of your transaction. Many have come to realize how real estate lawyers are to any real estate transaction. As such, real estate lawyers have been mainstays in many negotiations.

Things Lawyers in
Real Estates Can Do

Lawyers can do a variety of tasks to help facilitate the progression of the deal successfully.

• Lawyers can offer legal advice and representation in
  courts to their clients. Often, they can suggest an optimal plan regarding ways
  for you to ensure maximum profits from any real estate property you hold. These
  real estate lawyers are capable of handling both commercial and residential
  properties in the South Bay area, regardless of the nature of the concern:
  buying, selling, foreclosure, domain disputes, mortgage negotiations, leasing,
  zoning, and even the allocation of commercial property.
• Transferring property to another individual requires the
  creation of a representative illustration of the land for execution and
  delivery. Your lawyer may be able to tell you the limitations and freedoms you
  have regarding what to do with the property you own. He or she can clarify what
  rights you hold, so that you may be able to avoid errors or avoid being
  exploited in future disputes that may require you to appear in court. A real
  estate lawyer may also help you assess the South Bay property and give you a
  ballpark figure regarding costs associated with the transactions you intend to
  pursue.
• These real estate legal experts are equipped with the
  experience and education to apply the appropriate laws and resolve issues. This
  only proves the argument as to why real estate lawyers are an absolutely
  necessary service that you must hire should you pursue any real estate
  activities in the South Bay area.

A significant change has occurred in the Palos Verdes Peninsula real estate market. From a market that previously placed more emphasis on sellers, it has shifted its focus on buyers.

An example of a reason for this change is that if you wish to sell your house located in the Palos Verdes Peninsula at a certain desired price, you need to have it listed. However, when you finally take a look at the listing, you will notice a big discrepancy between the number of buyers and the number of sellers, with a higher number of the latter.

Read Also: The Top Real Estate agent in Rancho Palos Verdes and the South Bay

Although there may indeed be an adequate number of people interested in buying property in the Palos Verdes Peninsula, the number of sellers vastly outnumbers them.

Because of this difficult situation, if you want to close that sale, you need to take action. Seize the attention of a prospective buyer with the attractiveness of your listing and close the deal while it’s hot.

Tips to Close a Deal Effectively

The following are five basic tips you can do to clinch that sale and sell off your Palos Verdes Peninsula property to the buyer.

• Provide a Home Inspection when listing your home for sale. Thoroughly inspect the Palos Verdes Peninsula property prior to offering it for sale. Before getting your property listed, it’s a good idea to conduct a thorough inspection of the property. Note down the problems that may need to be addressed. If you wish, have some repair work done before prospective buyers come to visit. If you have done so, you can show them what renovations have been completed. This reassures prospective buyers that the Palos Verdes Peninsula property is in good condition. Doing this can even increase the salability of your house.
• Offer a decorating allowance. Buyers may often want to refurnish your Rolling Hills home, for instance, after purchasing the property. They may want to have new carpeting installed or the walls repainted, among other things. If this is the case, you can offer them a certain allowance to cover the cost of such expenses after the deal is closed.
• Include a home warranty. You may think that purchasing a warranty for, say a Rancho Palos Verdes house is an unnecessary additional expense, it is a good way to reassure prospective buyers that the home is prime property. It is an affordable way to add to the buyer’s peace of mind and certainly. It provides the new home owners of a Palos Verdes Peninsula property with insurance if some types of repairs need to be done. This arrangement can also help to seal the deal much more quickly.
• Cover the closing costs. There are buyers who need a little push in order to close the deal in Torrance. Others may want tot aek the time to think and deliberate on the pros and cons of buying a Palos Verdes Peninsula property. To help hasten things along, you can offer to shoulder the title and escrow fees or the prepaid interest charges. As a seller, if you pay the pits of the lan, you gain additional tax deductions.
• Obtain seller financing. Various options are available to sellers in terms of seller financing. Such options include putting the funds in escrow so the mortgage payments are covered for the coming months. Before you go with this option when selling your Palos Verdes Peninsula property, however, make sure the buyer has a good credit standing.

If you are looking to sell your Torrance CA home, you may think that it would be better to try to sell the home yourself. For sale by owner may sound like an appealing way to sell your Torrance home. Just think of the money you could save!

• Just stick a sign out front
• Place an ad in the paper
• Host a couple of open houses

How difficult could it be?

What does it take to get your Torrance home sold?

Let’s talk about what you are getting into and why the commission you pay to an experienced Torrance Realtor may be worth every penny. There are many things your Torrance Realtor will do for you. In this highly competitive LA County Real Estate market, the first thirty days on the market are crucial to the successful sale of your Torrance home. After that interest wanes and your potential pool of buyers narrows. Many times For Sale By Owners do not even get consideration, buyers working with Realtors will wait it out until it is listed on the MLS. It is just easier that way!

The fee you pay to a Realtor is earned by the work that they do. They assume risk listing your Torrance home for sale and you do not pay until they sell your home. You are actually getting services for that money paid to the Realtor. An important thing to remember the Torrance market sets the value, not the Realtor. A Realtor will guide you through what is happening and assist you in gauging current value.

What does it take to sell a Torrance Home For Sale

If it were only as easy as placing a sign out front, putting an advertisement in the Sunday paper and hosting an open house! There are many details involved in the process of a home sale in Torrance CA including but not limited to:

• How are you going to handle all the requests for information about your Torrance home for sale?
• Are you going to work with Realtors that have buyers? What compensation are you willing to pay them?
• Marketing a home takes a lot of time, effort and experience. Professional realtors have that experience as well as the resources to list your home for maximum exposure. An experienced Realtor knows what works and what does not.
• Do you know when to get out of a Buyer’s way so they can envision your home as their home?
• Are you willing to miss out on the perfect buyer because they will not deal with a For Sale by Owner?
• Are you prepared to negotiate with potential Torrance home buyers?
• What about your personal security during showing?
• What method are you going to use to screen potential buyers to ensure that they can afford to purchase your Torrance home for sale?
• How about advertising your Torrance home on the internet to potential Torrance home buyers?
• What about showing your Torrance home that is for sale?
• Do you know what things to change that will make your home more appealing to the Torrance home buyers?
• Do you know what forms are needed? What contracts and disclosures that are needed?
• Do you have an attorney?
• Proper pricing of your Torrance home is key to a successful sale. Do you have at your disposal the right tools to help you price your home? How are you going to monitor the differences in the Torrance Real Estate Market?

Why using an experienced Torrance Realtor is in your best interest!

For Sale by Owner sounds like you are going to save thousands of dollars on the sale of your Torrance CA home, but when you factor in the amount of time you will need to devote to this process, that savings is not so great. Selling Torrance California Real Estate is not a complicated process if you know what you are doing. Realtors do it every day. How hard could it be? Go ahead try to sell it yourself. When you are ready to list your Torrance area home, call me at (310) 809-0203.

Related Articles:

Torrance Homes For Sale: Single Family under $300,000

Torrance Home Market Report: July, 2008, Single-Family Homes

First Time Homebuyers Tax Credit: Torrance, Palos Verdes and Beach Cities