Mortgage Pre-Approval On Weekends

When you and Laurie Manny are looking at homes, on the weekend, banks and mortgage brokerages are closed.  Most of the lending professionals are at the beach; I’m no different.  I work hard during the week and enjoy the rest and recuperation the weekend affords.  You might find that it is increasingly difficult to get pre-approved for a loan, for your Long Beach home, after 5PM on Friday.

“I need a loan approval and I need it now!", you think.  “I have an offer to make”

 Here are four steps to securing a loan approval by NOON tomorow, regardless of what day it is:

1- Fax your 2007 W2 forms and most recent bank statement to (858)-605-4230

2- Call me and leave a message at (858)-777-9751.  This phone rings in my office, my cell, and my home office.  Phone messages are forwarded to my e-mail.

3- Send an e-mail to:  brian mortgage_loan_officer@yahoo.com.      Include your name, phone numbers, and a good time to call you on Sunday.

I’m pretty wired so you’ll get in touch with me, most likely, on Saturday evening.  If it’s midnight, I can still address it by NOON tomorrow.  Good luck with that offer!

Posted on February 24, 2008 09:49:11 by Brian.Brady

Downtown Long Beach Homes For Sale 90802 90813

Downtown Long Beach Homes For Sale

90802 - 90813

Homes in Downtown Long Beach have become very affordable once again.  Buyers who waited too long in the hot sellers market and were priced out of it have a very real opportunity here to finally realize their dream of home ownership.  Some of these homes can be purchased for the same price as a condo. 

First time buyers can actually afford to purchase homes now.  It is still possible to obtain home loans, FHA loans are flowing once again and assistance programs exist. 

Some of these homes are short sales.  Short Sales provide buyers with a great opportunity to purchase Long Beach homes for a really good price.  Short Sale purchases can take several months to be accepted by the banks, the banks are inundated and are very backed up so the process is often a long one. 

Some of these homes are bank owned foreclosures.  Bank owned homes are often highly negotiable and can close escrow quickly once an offer is accepted. 

Buyers should know that short sale and bank owned or foreclosed homes are often not in the best of condition and usually require an infusion of after purchase cash for repairs and upgrades.

Read:  Long Beach Homes-Issues for 1st Time Home Buyers

Some homes are conventional purchases, some are in Long Beach historic districts and a few have a rental unit. 

Available homes in Downtown Long Beach:

5 + Bedroom Downtown Long Beach Homes

4 Bedroom Downtown Long Beach Homes

3 Bedroom Downtown Long Beach Homes

2 Bedroom Downtown Long Beach Homes

1 Bedroom Downtown Long Beach Homes

Read Also:

Downtown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Condos Market Report January 2008

Chasing the Market Down - Are You Guilty?

Contact us for further information on any of these homes.  It will be our priviledge to assist you in your next home purchase. 

Posted on February 21, 2008 07:50:45 by Laurie.Manny

Downtown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Duplexes For Sale

90802 & 90813

Are you looking for a Downtown Long Beach Home and finding them just out of your financial reach?  Have you considered a duplex?  Yes they often cost a bit more than a single family home, but the rental income can make the difference between being able to afford a home or not.  There are actually a few very nice duplexes available at this time, for very reasonable prices.  

The lender will consider the rental income and increase the amount you are qualified for making it possible for you to purchase. 

If you think this idea might work for you, it would be my pleasure to assist you and explain how this is a real possibility for you.

Listed below are all available Downtown Long Beach Duplexes.  Some of them are in the Willmore Historic District, a few of them are actually very nice and the prices aren’t too shabby either:

Read Also:

Downtown Long Beach Homes For Sale 90802 90813

Downtown Long Beach Condos Market Report January 2008

Chasing the Market Down - Are You Guilty?

Contact us for further information on any of these Long Beach properties.  It will be our priviledge to assist you in your next real estate purchase. 

Posted on February 21, 2008 07:29:47 by Laurie.Manny

Downtown Long Beach Condos Market Report January 2008

Downtown Long Beach Condos Market Report

January 2008

Downtown Long Beach Condos Summary

                                                                AVG DOM

Active                 154              86

Pending               13               91

Back-Up Offers      2                31

Sold                      8              127

On Hold                3              196

Withdrawn            2              127

Cancelled             18             118

Expired                27             157

Downtown Long Beach

Condos 3+ Bedrooms

12 Active Downtown Long Beach 3+ Bedroom Condos For Sale, ranging in price from $349,000 to $2,,695,000; ranging in square footage from 1,260 to 4,250  sq ft; 61 average days on market.

1 Unit Sold; $1,300,000; 1,759 sq ft.

• 4 listings expired
• 1 listing was placed on hold
  

Downtown Long Beach Condos 2 Bedrooms

74 Active Downtown Long Beach 2 Bedroom Condos For Sale, ranging in price from $169,900 to $1,250,000; ranging in square footage from 822 to 1,630; 91 average days on market.

2 Units Sold:

• $275,000; 1,006 sq ft; 202 days on market
• $282,000; 985 sq ft; 88 days on market

1 unit is accepting back up offers, listed at $279,000; 908 sq ft; 14 days on market.

10 units are pending, ranging in price from $255,000 to $574,900; 88 average days on market. 

• 1 listing was withdrawn from the market.
• 11 listings were cancelled.
  
• 10 listings expired.

Downtown Long Beach Condos - 1 Bedrooms

64 Active Downtown Long Beach 1 Bedroom Condos For Sale, ranging in price from $150,000 to $696,900; ranging in square footage from 500 sq ft to 1,740; 77 average days on market. 

5 Units Sold ranging in price from $160,000 to $315,000; ranging in square footage from 584 to 772 sq ft; 120 average days on market

3 Units are pending ranging in pricce from $196,000 to $399,900; square footage 625; 713; 1,118; 101 average days on market. 

1 Unit is accepting Back Up offers; listed at $324,000; 704 square feet; 48 days on market. 

• 5 Listings were cancelled.
• 11 Listings Expired.
  

Downtown Long Beach Condos - Studios

4 Active Downtown Long Beach Studio Condos For Sale, ranging in price from $165,000 to $249,000; ranging in square footage from 362 to 527 sq ft; 198 average days on market.

• 2 Listings were Cancelled
• 2 Listings Expired
  

Read Also:

Downtown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Homes For Sale 90802 90813

Chasing the Market Down - Are You Guilty?

Posted on February 19, 2008 04:51:02 by Laurie.Manny

Real Estate Reality Shows

Real Estate Reality Shows

Just about everybody has watched HGTV’s real estate reality shows at one time or another.  Ever wonder just how real, or how current, those reality shows are?  Maybe I am just a bit calloused being in the real estate business, but when I watch them I often have to laugh; they sometimes just seem soooooo UN-real!

 A Realtor® friend of mine Ines Hegedus-Garcia in Miami Shores Florida wrote an enlightening article HGTV in Miami Shores - Real or Fiction over at Miamism.com about the reality behind one of the homes in Miami Shores which was featured on the “My House is Worth What” show.  While watching the show Ines and her husband Rick recognized the featured home as one they had shown back in 2006, two years prior. 

The Real Estate expert on the show suggested a price of $840,000; the Realtor actually listed the home at $949,000 in January of 2006, yep $109,000 more than suggested on the show.  The home (purchased 3 years earlier for $430,000) actually sold, after 6 price reductions, in January of 2007, over a year later, for $735,000.  Yeah, that’s a far cry from $949,000, but still a tidy profit.  This is a great example of a seller overpricing and  “chasing the market down”. Had the seller priced the home more realistically, earlier in the listing, they likely would have netted more from the sale. 

Ines was kind enough to post the property history which details the price reductions during the course of the listing:

The reality TV shows don’t always depict actual reality.  It is always a wise move to consult with your local Realtor® when you are in the market for a new home. 

Posted on February 15, 2008 05:00:00 by Laurie.Manny