For more information on this beautiful home – see the article by Zillow – here
For more information on this beautiful home – see the article by Zillow – here
California Mandates Water-Conserving Fixtures
A new California law that takes affect January 1, 2017 requires property owners to install water-conserving plumbing fixtures for all homes built prior to 1994. This new legislation was enacted as a way to encourage ongoing water conservation during our continuing drought conditions.
Owners of single family homes are required to comply by 2017 and all other properties must comply by 2019. In addition, any property that is altered or improved after 2014 must have water-conserving water fixtures installed as a condition of final permit approval.
So what does this mean for homeowners who are selling their homes? Interestingly, there is currently no point of sale requirement in the legislation. That means that while homeowners may be legally required to install the water-conserving devices in their homes, they are not required to be installed as a condition of the sale of a home.
The law does, however, create a disclose obligation for the seller.
Initially the law only requires a seller to check a box on the Transfer Disclosure Statement (TDS) as to whether or not there are water conserving fixtures installed on the property. In later years, sellers will be required to disclose the requirement to install water-conserving fixtures and whether or not the property has any non-compliant fixtures.
So what are non-compliant water fixtures? This new law defines the following as non-compliant water fixtures:
Home buyers should be aware of these new requirements as purchase of a home that does not comply with this new law could result in additional expense for the buyer if the state decides to start enforcing these regulations more rigorously at some point in the future. Buyers may want to negotiate seller credits or request that a seller install compliant fixtures as a condition for their completing the purchase of a home.
If you have questions about this new legislation and what it means to you, whether you’re considering buying or selling a home, call me at (310) 613-2465.
Happy Holiday Home for sale in the Hollywood Riviera – come check out this amazing one level Hollywood Riviera Home for sale! It’s got the most amazing views in town! The lot is over 17,000 sq ft – most of it is useable and flat, but there is also a wonderful terraced orchard style lot with many different fruit trees. You will be amazed when you see the panoramic views of the ocean, city and mountains – from almost every room in the house plus the spacious deck! It’s truly one of a kind. Schedule your showing of this amazing piece of Hollywood Riviera real estate! 5603 Via Del Collado, Torrance, CA 90505
Sold by Kelly & Laura – Sisters Sold on the South Bay Real Estate!
Hollywood Riviera – the price difference between the two zip codes (90277 vs 90505)
Yes, there is a price difference between the two zip codes in the Hollywood Riviera. The Riviera neighborhood is all located in the city of Torrance, however, part of it has a Redondo Beach address (90277) that actually is used for your mail and the address found in the tax records. Most of the 90277 homes are actually located closer to the beach thus their location is a bit better than the 90505 homes for that specific reason alone. But, there is that “I want to tell people that I live in Redondo Beach and not Torrance” part of the deal that is inferred.
The numbers don’t lie is the bottom line.
This year alone, since January 1st, 2016 until today, October 2nd, 2016 – there have been 37 homes sold on the 90505 side of the Hollywood Riviera. The average price of the homes sold on the Torrance/90505 side is $1,047,244. The average dollars per square foot of those homes is $589/per foot. The lowest priced home on this 90505 side was $670,000. The highest price home sold on the Torrance side was $1,725,000.
Using this same time frame, there have been 40 single family homes sold on the Redondo Beach/90277 side of the Hollywood Riviera. The average price of the Redondo Beach/90277 side is $1,474,675. The average dollars per square foot of those homes is $719/per foot. The lowest priced home sold on the 90277 side of the Riviera this year was $955,000 and the highest priced home was sold for $5,300,000 – if we take this one out, the next highest priced sale was $2,250,000.
As you can plainly see, there is a big difference between the two addresses here in the Hollywood Riviera. And it’s all Torrance mind you, even if you have the clearly more expensive 90277 address. It’s only an address, but clearly there is a lot of value in saying you live in ‘Redondo Beach.’
Let’s take two very similar homes – one on each side that sold this year – for examples:
The Torrance address home is actually bigger, yet still sold for quite a bit less than a similar home on the Redondo Beach side.
If you have any questions regarding homes in the Hollywood Riviera, please don’t hesitate to reach out.
Kelly & Laura
Selling your home? Every seller wants the same thing: to sell their house for the most money possible, as quickly as possible. This is exactly what your real estate agent wants too. That said, there are usually two things keeping this from happening: price and condition.
Price and condition are always the deciding factors for buyers, and they also affect the amount they may offer. Luckily for you, these are also the only two things you have control over!
So let’s take a look at the top five mistakes you may be making if your home hasn’t sold yet.
As a homeowner, you are proud of your home. You might even think it’s superior to all others in your neighborhood. This might be because of the time and money you spent remodeling it. Perhaps you hand-picked every slat of Brazilian hardwood and personally laid it, or chose a ridiculously expensive gold leaf wallpaper that you just had to have. You may assume if you spend a lot of money on bells and whistles, that MUST make it worth more, right? Wrong.
Buyers are looking at your home, trying to envision it as their home. They’re easily distracted by your loud, hot pink bedroom walls and won’t consider that it was a custom color made to match the loud pink zebra comforter and matching curtains. They’re also mentally calculating how much money they need to spend to refinish those hardwood floors, repaint and have that wallpaper removed.
You must understand your house isn’t special to anyone but you, so it’s always best to cater to buyers by showing them your home’s cleanest, most neutral face. You need to clean your home until it shines, ditch the clutter, paint, make needed repairs, and keep up with your landscaping.
You need to trust your real estate agent (not Zillow) on where to price your home. And remember one important thing: Just because you spent $50,000 on a kitchen remodel doesn’t mean you’re getting every penny back (despite what your shoebox full of receipts might be telling you).
As a seller you may think you’re being helpful by sticking around during showings to help agents and potential buyers see how special your home is. You might think the buyer’s agent can’t possibly know how to showcase your home as well as you can, or have any clue what the really important things are to point out.
So you stick around, you smile super big and you’re super nice to everyone. You point out the hardwood floors, custom wallpaper and things that you love about the house, because you are a better salesperson than some real estate agent who has never lived there, right? Wrong!
Actually, you’re not coming off as super nice, but annoying (at best) and more than likely cocky or creepy (hey, just telling it like it is). While gushing over all the things you love, those may be the very things the buyer hates.
The best thing to do is leave the house and give the buyers some space. Buyers want privacy. They don’t want to be cornered into awkward small talk with the homeowner or feel rushed when making the most expensive purchase of their life.
Imagine you had a long day at work. It’s a hot, muggy day. Your car’s air-conditioning is acting up, making you stick to your seats on your longer-than-usual commute home. Your kids are bickering and everyone is starving. Then your phone rings. It’s your real estate agent calling with a last-minute showing request… in ten minutes. This is NOT what you need right now, but you want to sell your house.
You have two choices. Option A: plead for the showing to be rescheduled, because you mistakenly assume the buyers and their agent will gladly rearrange their schedule around yours and come back.
Or, Option B, remind yourself that you want your home sold, and these buyers may only have the next hour or so to see as many homes as possible before making a decision because they’re relocating from out of state (or whatever their unique situation may be).
Never, ever, go with Option A.
No matter how you feel or what kind of day you’re having, you need to be accommodating. Sometimes you just have to bend over backwards. Buyers hold all the power because they’re the ones with the money and ability to make your dream of selling come true.
So as you load up your hungry, fussy kids, you smile and wave as you back out of the driveway and head to the nearest drive-through. You’ve made the right decision! You realize you must suck it up and make your house available… even when you really don’t want to, because buyers will rarely come back at a better time.
So you got an offer on your home, and you accepted it! Congrats! Regardless of how long your home had been on the market or what the final terms are, this is exciting because it means all the showings are over and you’re roughly 30 days away from closing.
After the home inspection, the buyers ask for some repairs to be made, or possibly for you to purchase a home warranty for them or assistance with closing costs.
Most buyers will ask for those things; it’s nothing to get bent out of shape over.
This is where you, the seller, need to be willing to meet in the middle and show the buyer that you’re serious about selling. Otherwise you risk your deal falling apart and being stuck with the house which you’ll eventually shell out more money to fix anyway.
Sure, you can always re-list your home, but it may sit on the market for 30, 60, 90 days or more. Meanwhile you’ll have to deal with more showings, keeping the house spic & span, and losing sleep due to the anxiety of the unknown.
Please remember that this pending sale on your home has contingencies, and it could fall apart for a number of reasons. The appraisal is one contingency; the home inspection is another. Both of them may require you to be flexible and willing to negotiate. If you aren’t and the deal falls apart, then you have no one to blame but yourself.
Also, your first offer is usually your best offer, and oftentimes your only offer. Once you secure an interested buyer, you need to trust your agent and work with them and your buyers to get the home sold and not waste time on bickering over a $100 light fixture or $400 home warranty.
Last but not least, not everyone is a pet lover. Many people are allergic to cats or dogs, or have sensitive noses that can smell urine and stinky litter boxes on the other side of the house.
When you’re selling your house and you have pets, you really need to make the home look and smell as if no pets ever stepped foot in it. Your cat’s favorite spot on the couch that’s coated with 4 inches of matted fur needs to get scraped off (with a lint roller a few hundred times if need be). The food bowls, cat trees, pet toys, pet beds, scratching posts, cat condos, etc. need to be out of sight too. So do the fur babies themselves.
Before you leave, make sure your backyard is free of landmines. You may as well put Whiskers’ litter box in a garbage bag and store it in the garage or closet or someplace out of sight and smell.
When a buyer leaves, they’ll remember their first impression, so you want it to be a good one. Pet odor can be a deal breaker, even if everything else about your home is perfect.
Your home isn’t particularly special to anyone but you, so keep it clean and showing beautifully and as neutral as possible at all times. Don’t try to be the real estate agent (i.e., be sure to leave the house during showings), and take the pets with you! Don’t assume that buyers will bend over backwards to see your house—you need to do the bending, and you need to be flexible with negotiations too.
If you follow this advice, you shouldn’t have a hard time selling quickly and you’ll avoid the unnecessary stress that many sellers endure because they become their own worst enemy by sabotaging their own sale.
(as per the Lighter Side of Real Estate)