Seeking California Heights Historic Home For Sale

If you are thinking about selling and have a Historic California Heights Home that is not yet on the market, I have a specific, highly qualified "A" credit buyer, with a large down payment, who may be interested in purchasing your home. This is not a solicitation to list your home. This buyer is quite real, as am I. This is not the first time I have reverse prospected a Long Beach home for a buyer looking for something a little extraordinary.

The buyers are a young professional couple, both doctors, who are purchasing their first home with a large inheritance. They have a sizable down payment, FICO scores in the 800 range, are already pre-approved, are ready to purchase and pay market price. All they need is the right home.

They have been in escrow on another home in the California Heights Historic District. Inspections revealed large problems with the home, none of which was the seller willing to remedy in any way. The home was priced at market, which was too high once the actual condition of the home was revealed.

We are seeking a Historic California Heights home in good and solid condition. That doesn't mean it has to be perfect, but several serious structural issues proved to be too much to deal with. The home should be at least 2 bedrooms, 2 baths, Spanish style is preferred, but we are not limited to this style, wood floors, coved ceilings, garage, lot size is not as important as condition. Historic status is a major plus.

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Posted on May 29, 2008 21:59:28 by Laurie.Manny

Long Beach Mortgage Rates Report: May 29, 2008

Posted on May 29, 2008 14:28:47 by Brian.Brady

Things to do in Long Beach California - June 2008

Things to do in Long Beach California - June 2008

March 2-October 5...Rancho Los Cerritos Tours

Times: 2:30 PM - 3:30 PM

Free - Every 1st Sunday at 2:30 p.m.

June 1; July 6; Aug 3; Sept 7; Oct 5; Nov 2

Celebrate the seasons with a guided tour of the Rancho's lush grounds. Learn the history of the gardens as you stroll past vibrant flowers in bloom & delight in refreshing citrus fragrances.

Phone:  (562) 570-1755
Admission:  Free
Location:  Rancho Los Cerritos Historic Site

June 1-4...PTCUser World Event 2008 at the Long Beach Convention Center. 

June 6 & June 13...Shark Lagoon Nights at the Aquarium of the Pacific

June 6, 7, 8... Sesame Street Live!  When Elmo Grows Up at the Terrace Theater

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Posted on May 26, 2008 23:31:45 by Laurie.Manny

Selling Your Long Beach Homes-Long Beach Real Estate

Yay!  The Down Market is OVER!

No it's not, but now that I have your attention, the market has changed a bit and there are a few things you really need to know if you are thinking about selling your Long Beach homes. 

Back in the hot sellers market one of the sales strategies used was to price a home a little low, take multiple offers, and play them off of each other to drive the price up.  It worked!  That strategy, applied to today's Long Beach real estate market is working as well. 

Pricing your home low will inspire the interest of buyers and agents and create a quick, steady flow of traffic and multiple offers to your home. 

For instance, if your home, in great condition, comps out at $500,000 and you listed it at $299,000 you would have the attention of the entire real estate market.  You would have to prepare yourself for a major onslaught of showings, perhaps as many as 30 to 50 a day.  The offers would pour in and bid up.  At $500,000, you would sit on the market for months, probably price reduce a couple of times to about $450k and likely sell around $440k, if at all.  If you choose this road, you will probably sell at around the same price, without the time delay.  It's clean and fast. 

An added benefit to creating multiple offers is that you have a choice.  You will not be forced to accept an offer with weak financing because it is the only offer you have.  There will be an assortment of offers for you to choose from thereby placing you in a stronger position to close escrow successfully. 

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Posted on May 24, 2008 20:51:57 by Laurie.Manny

Former Long Beach City Council Members Home-Sold in Foreclosure Auction

The Wall Street Journal reports:  The Sacramento home of Rep. Laura Richardson was sold in a public auction two weeks ago for $388,000. The Southern California Democrat bought the house for $535,000 with no money down in January 2007 and owed nearly $575,000 to Washington Mutual when the mortgage was sold earlier this month at a significant loss to Red Rock Mortgage Inc.

Rep. Richardson, a former Long Beach city council member, bought the home after winning a seat in California's state assembly. She maintains her primary residence, a four-bedroom home, in her Long Beach district. Months later, Rep. Richardson ran in a hard-fought election for the congressional seat, which was vacated when the late Rep. Juanita Millender-McDonald died from cancer. To fund that campaign, Rep. Richardson lent herself more than $75,000 and stopped making payments on the Sacramento home around the same time. 

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Posted on May 23, 2008 05:05:05 by Laurie.Manny