Long Beach Home Buyer Update March 25, 2008

Mar
24

Long Beach Real Estate

Spring Real Estate season has begun in Long Beach. The clocks have been changed, it is light out into the evening hours, making it easier to show properties after the work day, and buyers are liking this springs Long Beach housing prices.

Long Beach Real Estate For Sale Prices are way down, foreclosed properties (bank owned) are being placed for sale on the MLS daily and investors are buying. Sellers are realizing they have to compete with short sales and forclosures on price. There are some very nice homes for sale on the market here in Long Beach at the moment, and buyers are shopping.

Many real estate sales in Long Beach are being made to out of area buyers. After searching in areas that remain unaffordable to them, Long Beach has proven to be a great option in its ability to provide great housing at affordable prices.

Until recently buyers had the luxury of time when they found a home or condo they were interested in, this is no longer always true. We are currently working with many Long Beach buyers. In just the last 3 weeks 6 of our buyers decided to think on it for too long and lost the homes they wanted to write offers on - to buyers who were quicker than they were to write the actual offers. Many buyers have been looking on and off for quite some time and have been conditioned to the slower winter market, it is different now. Strategy is important.

When you locate a Long Beach home or condo that you want to purchase, it is in your best interest to go ahead and write the offer as soon as possible. You Sold will have time to continue thinking about it after the offer is written. Once the offer is submitted it usually takes a few days to work out counters back and forth, once your offer is accepted you have 17 days to perform all inspections and to back out of the purchase if it is not up to your expectations.

Writing an offer to be accepted is the other part of the equation. With so many properties in Long Beach now receiving multiple offers it often pays to write your best offer, especially when writing an offer on a bank owned property. Each home needs to be evaluated on an individual basis before a decision on how to structure your offer is made.

More details on writing offers to be accepted can be read here:

Long Beach Real Estate Sales-Foreclosures-Bank Owned Properties-Market Statistics

Keep in mind that it doesnt cost you any actual money to write an offer, you always have the power to change your mind, without serious financial repercussions.

If you are interested in purchasing a Long Beach Home or Condo, bank owned or foreclosed properties, call Laurie at (562) 212-5420 to begin your search.

Long Beach Homes and Condos For Sale

(Direct feeds from the Southern California MLS)

Wrigley Homes For Sale $500000 to $600000 Long Beach Ca Real Estate For Sale
Long Beach Homes For Sale $900000 to $1200000-Long Beach Real Estate For Sale
Long Beach Condos For Sale $600,000 to $700,000
Luxury Homes For Sale in Long Beach California $2.5 Million and up
Long Beach Condos For Sale $800,000 to $900,000

Laurie Manny Long Beach Realtor (562) 212-5420
Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803
Long Beach Real Estate Blog Long Beach Real Estate Website

http://www.lauriemanny.com/0027D3

Posted on March 24, 2008 17:00:01 by Laurie.Manny

Comment from: Elaine Murphy Carlson [Visitor]

· http://www.PalosVerdesSource.com

Well written! We are strarting to see more bank-owned properties in our market in

Palos Verdes. The well priced properties are selling quickly.

Permalink March 26, 2008 12:02:20

Comment from: Laurie Manny [Visitor]

· http://www.lauriemanny.com/

Hi Elaine,

The banks seem to be putting better homes up in the last few weeks, the buyers seem to agree, they are jumping on them and they are selling very quickly. It was a good time for this article. We can only hope it reaches the buyers.

Permalink March 26, 2008 15:24:22

Comment from: Sandy DeAngelis [Visitor]

· http://www.historichomes.com

Laurie, this extremely timely. We are seeing the same results in Santa Ana and Tustin markets!! Great houses and great prices have brought in 2-3 offers on lots of the short sales on the market.

Permalink April 01, 2008 13:29:57

Comment from: Laurie Manny [Visitor]

· http://www.lauriemanny.com/

Hi Sandy, So far we have reports here in Palos Verdes, Long Beach, Santa Ana and Tustin all saying the same thing. Perhaps we are finally seeing a leveling out in our So Cal market. More offers means less concessions to buyers.

Permalink April 02, 2008 02:01:54

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