RPV Condo Totally Redone | Sold

         RPV Schools | Convenient location, unit on main level where you do not have to go through front gates. This unit ideal for elderly family member. Walk to shopping. Crown molding, expansive living room, balcony off living room, Granite Kitchen, New Stainless Steel Appliances, Beautifully updated bathrooms. Very nice master bedroom with updated closet.

San Pedro’s Downtown Harbor Water Cut Is Starting

San Pedro WatercutConstruction of the Downtown Harbor Water Cut is scheduled for mid-January 2012 and as of January 8, 2012 the parking lot between Fire Station 112 and the Maritime Museum will no longer be available.  The Harbor Department will be posting signs in the parking lot the week of January 2nd to inform the public.
The lot across the street from Acapulco restaurant will be available for visitor parking and directional signs will be installed.
A ground breaking ceremony is scheduled for Wednesday, January 11, 2012 at 10:00AM.

Essential Tips For The First Time Home Buyer

When you are buying your first home, expect to feel a mix of emotions. You will feel excited, confused, elated, and stressed. Sometimes these emotions will come all at once, and at other times they will be spread throughout your home buying experience. Buying your first home is so emotional because it is so important. This is very likely one of the most important buying decisions you will ever make, and it shouldn’t be taken lightly. In this article, we will discuss some first time home buyer tips that everyone should explore.

First and foremost, understand that you need to hire a Realtor. A Realtor is your personal expert in the home buying field. They can provide you with valuable information, indispensable resources, and time saving efforts. If you try to buy alone, especially as a first time buyer, you will very likely make some huge mistakes. Prevent these mistakes by hiring a great Realtor. It will save you time, money, and prevent needless anxiety.

A second step in the buying process is having a clear cut understanding of what you can afford. This will help you to narrow down the selection of homes you will be looking at, and keep your budget in check too. Take some time to sit down and look at what you can afford. Be realistic when setting your price, and evaluate your decisions with your spouse or significant other. You will thank yourself when you find a house that you can truly afford.

After you have a budget in mind, it’s time to get pre-approved. The pre-approval process involves visiting a lender and seeing if you can qualify for the amount you think you would like to spend. This will help you to know that you can afford the home of your dreams when you do find it. A pre-approval letter is also a valuable tool that can serve you well when it comes to making an offer.

Now that you have your Realtor hired, and your pre-approval is under wraps, it’s time to visit houses. Visit LOTS of houses! You want to see as many properties as you can in order to determine which one is really best for you. Even if you fall in love with the first house you see, take some time to look at a few others. This can help you to accurately gauge how your beloved house really stacks up against the competition.

After you have found the home of your dreams, remember the importance of an inspection. An inspection can help you to find problems that may not be seen by the naked eye. Finding these problems before you buy the home can save you from unexpected costs after a purchase is made. Find a quality inspector and be present on the day of inspection, if at all possible. Make sure to fully read the inspection report that you are given and discuss any concerns with your Realtor. You might be able to get the seller to make important repairs before the sale is complete.

Your first home buying experience is a mixed bag of emotions, and an exciting time in your life. Taking some time to make the right decisions before purchasing your home can make this experience that much better for everyone involved. In this article, we have provided some important tips that can help any first time buyer. We hope you will take our advice to heart, and we wish you the best of luck in your home buying experience.

Sink Hole San Pedro

Mark Spector Real Estate InvestingWill Paeso delMar ever be the same? From these recent pictures I don’t think so? What have you heard? The Daily Breeze stated that local business like the Corner Store and the new Ace Hardware are feeling the effects.

 

 

 

Mark Spector Real Estate Investing     Mark Spector Real Estate Investor     Mark Spector Real Estate Investing

San Pedro | Paseo del Mar Landslide In The News

From the Palisades Residents Association :

Here are highlights from two articles in the news. Click on the links to read the full articles.
From the LA Times: Work Crews Hustle as San Pedro bluff slides slowly into the sea
The highway and sidewalk have sunk more than a foot, opening deep crevices in the asphalt that cut a jagged diagonal line across the two-lane roadway. A wooden fence that once ran a straight line along the road now bends abruptly toward the ocean, a change that happened in just days
In the last week, the movement has accelerated to about half an inch per day.
No buildings are at risk of falling into the ocean.
Officials don’t know how much farther the ground is going to shift, but they are bracing for the possibility that chunks of the bluff could shear off and slide toward the sea.
Contractors are working seven days a week, 10 hours a day, manning loaders and excavators that are carving new trenches to reroute two major storm drain pipes away from the moving earth. The project could take four more weeks, but the hope is to finish before any heavy rains.
In the Daily Breeze: Crews begin relocating power poles in sinkhole area to White Point
The work to relocate the [power] poles is expected to take two to three weeks.
The move is designed to maintain electrical reliability as well as to ensure continuous operation of a county sewage pump station at Paseo del Mar and Western Avenue.

Utility Poles In White Point Nature Preserve | San Pedro

Paseo del Mar Mark SpectorInstallation of utility poles inside the White Point Nature Preserve began today. L.A. Department of Water & Power (LADWP) crews started this morning and have been instructed to try and keep the noise level down as much as possible.
The plan is to get all the poles installed on/near the northern footpath first so the K-rail will be removed to gain access. After that is done, the crews will be moving the poles that are lying on the ground into the Nature Preserve. Installing these poles should take 4 to 7 days of work. After this is complete, the LADWP will focus on the utility poles going by the Nature Preserve building.

Demand For Single Family Rental Are High

 

Although real estate prices have fallen dramatically for the past 2 or 3 years, rents are rising. High demands for single family rentals are on the rise due to the volume of foreclosures and short sales. No matter what the reason for these families losing their homes they still need places to live. Consequently the demand for single family rentals is high.

For a lot of these families leaving their homes, they are not necessary wanting to leave their neighborhoods. They are looking to keep the kids in the same schools and keep their friends. For these new renters the rents are less than their old mortgage payments, they are relieved from maintenance work and they are happier to be out from under the massive payments.

In the past’s multi-family units, i.e. apartments, duplexes were easy to rent, but with so many more renters looking to live in SFR’s this is starting to change. We are starting to see the demand “good” single family property rentals in nice neighborhoods go up.

Investors will benefit from this information because they understand prices have been dropping on properties and the demand for good rentals has been going up. Investors are confident that they can rent for a good rate and have an easier sale when they are ready to sell after the prices rise.

San Pedro | Sinkhole Closes Paseo del Mar

Paseo del Mar Mark SpectorPaseo del Mar may be closed between Western Avenue and Weymouth for quite a while as city engineers try to find the cause of the sinkhole that started this summer.
From the Daily Breeze:
“We’ve been monitoring it since early July,” said Lawrence Cuaresma, district engineer with the Los Angeles Public Works Department.
On Monday, officials determined a sinkhole did exist.
Underneath the 2-by-3-foot, bowl-like depression in the street, Cuaresma said, a hole “expands outward” below the roadway. The area is just west of Weymouth Avenue near Fromhold Field.
Both sides of the street in the section generally between Weymouth and Western avenues will be closed pending further investigation and repairs.
“We’re in the investigating mode,” Cuaresma said.
The cause has not been determined, he said. But there could be multiple potential sources of the problem, as there are two storm drains, a sewer line and a water line that run beneath the road that takes traffic along the southern ocean cliffs between San Pedro and the Palos Verdes Peninsula.
The water line has been turned off, he said, with area water being routed through other lines.
Underground cameras and other equipment will be used to try to pinpoint the problem, he said.

New Home Owners Problems & Soluctions

So you got that dream home you have been trying to buy for years, you get all moved in and the boxes are unpacked, the kids have started their new schools and everything seem to be going fine. Of course you have a list of a few things you would like to change in your new home but money is tight and you start a list of “To Do’s” so as your savings accounts start to recover you will know right where to start.

But as you will find out as a home owner, something will breakdown and need repairing. This will always happen at the worst time, when you just don’t have time to deal with the problem or when your funds are still low and the last thing you need is a BIG repair bill. Well with any luck your Realtor made sure before you closed escrow a “Home Warranty” was bought for your first 12 months of ownership. This warranty will cover most of your standard systems in your home like Heating, Plumbing, Garbage Disposal, Oven/Range/Cook-top, Electrical Systems etc. Now I typically use Suzy Pelshaw with Fidelity National Home Warranty and with her company the home owner only pays a $55 service fee and they will come out and do the repair. But their are many companies out there.

Suzy and I have put together a nice booklet about some basic Problems And Solutions that will help homeowners with problems like the Refrigerator isn’t working – the Dishwasher will not turn on – the Garbage Disposal Drains Slowly – my Forced Air Heater will not turn on…

You can download the book for HERE

Is Going Green Just A Trend?

Going green has become more than just a trend, especially when it comes to home remodeling or improvements. Buyers are looking for homes
with energy efficient and costsaving features.

Before you begin any improvements, consider these five tips.

1. Demand for green housing has been growing—46% of buyers would like a green home, according to an August 2007 report by the National Association of Realtors (NAR) on home buyers’ preference.

2. Before purchasing any of these items for your home, check with your local gas and electric company for possible tax credits and rebates. Also check with federal, state, and local government agencies.

3. Estimate your potential savings by using one of the many online free energy audit calculators.

4. If you need to buy appliances consider ENERGY STAR® rated appliances. You can get more detailed information about the ENERGY STAR® program on their web site as well as a list of products that qualify for rebates.

5. Contact your local Real Estate Professional. Their experience and local knowledge can help you decide which home improvements will be best for you.

If you are thinking of buying or selling a home, condo or investment property call me Mark Spector 310-430-0633