Palos Verdes Lifestyle - Norma Toering's PV Real Estate Blog

The move-up buyers are dipping their toes in the spring market waters.  The familiar question of which action to take first is often the first major decision the dual client (one who is both a buyer and a seller) must make  There are pros and cons to both actions, both dependent upon the successful execution of the other.

Writing an offer contingent upon the sale of your home is a self-limiting approach.  Your offer will fall to the bottom of the multiple offer stack.  Short sale and foreclosure properties will reject your offer based on the contingency.  It also negates your negotiating power.  Asking a seller to tie up his property on a "maybe sale"  means he is less likely to give you a favorable price. Therefore, my advice is to sell first and buy later.

 On the other hand, placing your home on the market contingent upon finding a suitable replacement property is not without risk and inconvenience.  You will need to find a buyer that is willing to wait while you identify and secure your upleg purchase.  Each property will need to appraise at a price that will allow you to complete both transactions. Inspections must be negotiated and loans obtained.

 Often there are other transactions hinging on the successful completion of the move-up buyer's transactions.  The upleg owners must move to a new home and the buyers of the move-up client's home may have a property to sell.  It is a symbiotic sale process and it is not for the faint of heart.

The successful completion requires patience, persistence and the guidance of knowledgeable professionals.

More Seller Tips from Norma!

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

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Rancho Palos Verdes Blog - Point Fermin Homes
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Point Fermin neighborhood real estate and home sales report for San Pedro, CA in January 2010.

Active listings: 12 Homes are currently for sale priced from $210,000 to $1,600,000.

Pending sales: 5 Houses are in escrow in Point Fermin priced from $339,000 to $539,000.

January sales: 3 Homes sold in January 2010:

• 20TH St $315,000
• 24TH St $415,000
• Bluff Place $1,010,000

All Point Fermin San Pedro real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog -  Point Fermin Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90732Homes
Palos Verdes Photography - San Pedro, California Videos

Palisades neighborhood real estate and home sales report for San Pedro, CA in January 2010.

Active listings: 8 Houses are currently for sale in Palisades priced from $535K to $829,000.

Pending sales: 7 Homes are in escrow priced from $320,000 to $875,000.

January sales: 3 Homes sold in the Palisades section of San Pedro in January 2010:

• 36th St $580,000
• 36th St $655,000
• Almeria St $730,000
  

All Palisades San Pedro real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Palos Verdes Homes Blog - San Pedro Homes
Rancho PV Horse Property - San Pedro Real Estate Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90274 Homes
San Pedro Photography - San Pedro, California Videos

It was one of those Monday holidays and I was preparing to leave for a family get together when my cell phone rang. I thought it might be my daughter calling to ask me to pick something up on the way, but the number displayed was not familiar.  I answered it anyway.

The caller (soon to become my client) was shocked by a "real" person's voice and not a recorded message.  He and his wife were parked in front of one of my listings and wanted more information on the property.  The house was in escrow but I offered to follow up and send similar properties via email.  We exchanged contact information and went on with our holiday plans.

I kept my word and sent the information promised.  The prospective buyer responded with gratitude and enthusiastically reported back to me on each listing of interest.  The prospective buyer became a student of the market and soon recognized the best buys in the neighborhoods of choice. 

The journey from call to closing was not a straight line adventure.  There was a short sale, a multiple offer loss and finally the multiple offer win.  Christmas Eve brought good tidings and joy when their offer was accepted. Next came the long and winding road to loan approval. 

It was only appropriate the keys to the home were delivered Valentine's week.  Let the revelry and remodel begin!

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
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Palos Verdes Photography - Palos Verdes, California Videos

South Shores neighborhood real estate and home sales report for San Pedro, CA in January 2010.

Active listings: 10 Homes are available for sale priced from $729,000 to $1,679,900.

Pending sales: 4 Houses are in escrow in South Shores priced from $550,000 to $829,000.

January sales: No homes closed escrow in January 2010.

All South Shores San Pedro real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90275 Homes
Palos Verdes Photography - Palos Verdes, California Videos

Eastview neighborhood real estate and home sales report for Rancho Palos Verdes, CA in January 2010.

Active listings: 7 Homes are available for sale in Eastview priced from $499,000 to $819,000.

Pending sales: 11 Houses are in escrow priced from $525,000 to $849,000.

January sales: 3 Homes sold in Eastview RPV during January 2010:

• Trudie Dr $779,000
• Toscanini $830,000
• Jaybrook Dr $845,000
  

All Eastview Rancho Palos Verdes real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90275 Homes
Palos Verdes Photography - Palos Verdes, California Videos

Silver Spur neighborhood real estate and home sales report for Rancho Palos Verdes and Rolling Hills Estates, CA in January 2010.

Active listings: 6 Homes are available for sale in Silver Spur priced from $750,000 to $1,125,000.

Pending sales: 8 Homes are in escrow priced from $795,000 to $1,345,000.

January sales: One home sold in January 2010 in the Silver Spur area:

• Bluemound Rd $850,000
  

All Silver Spur, RHE and Rancho Palos Verdes real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90275 Homes
Palos Verdes Photography - Palos Verdes, California Videos

The Olympics certainly give credence to the title quote.  Last night as I watched the women skaters glide effortlessly across the ice, spin with dizzying speed and leap fearlessly into the air I thought of the hours of practice and sacrifice each endured to achieve her place on the ice.  Lots of sweat, tears, hopefully not too much blood and uncountable hours were expended on their path to glory

The walk-away lesson is preparation and training is a prerequisite for success not only in athletic endeavors but also academic and career pursuits.  In a fast changing world frequent re-tooling is a given.  It may not be a new spin or jump, but it may be a new technological gadget that must be mastered and added to your bag of knowledge.

It is a rewarding feeling to know you are prepared and trained to face whatever battle comes your way.  I prefer sweating to bleeding.  How about you?

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90275 Homes
Palos Verdes Photography - Palos Verdes, California Videos

You had him at hello. It started with grand promises and tantalizing interest rates.  It was a whirlwind affair with documents flying around the globe.  Your Big Three resume carried recognition and clout.  He felt comfortable with your world renowned brand.  Now he is just another would-be borrower with a broken heart.

What went wrong?  Was it because yours was one of those Internet clandestine affairs and you never had a face to face?  Breaking up was easy via email.  There were a few last minute torrid phone calls but you stood firm and called it off the day loan approval was due. 

A good loan is hard to find and even harder to close these days.  It takes a borrower with a resilient heart to stay in the game.  The phrase "I'm sorry it didn't work out for you" was his cue to move on (this time to a local lender) and seek a new loan, a new lender and continue forward with his pursuit for a place to call home.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90275 Homes
Palos Verdes Photography - Palos Verdes, California Videos

I confess I'm hooked.  I watched too many hours of skiing and skating over the weekend.  My walk-away lesson is glory does not come without hard work, dedication and a dedicated team consisting of family, coaches and related personnel cheering or consoling as the need may be, but always believing in you.

I'm impressed with the group of American athletes at this year's Olympic Games.  I am equally impressed with their support team.  Few accomplishments are achieved single-handed.  It takes years to become all you can be and most of the athletes began their journey to the podium at a very tender age.

As a real estate agent when I sell a house I certainly do not do it alone.  There is an entourage of consumers and professionals assisting and supporting my efforts.  So here's a thank you to the sellers, buyers, agents, lenders, escrow and title people assisting me with my quest for success in the game of real estate.  Success feels best when it is shared.

"Sports do not build character. They reveal it." 

John Wooden, retired American basketball coach and member of the Basketball Hall of Fame

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Blog - Rancho Palos Verdes Homes
Rancho PV Horse Property - Rancho Palos Verdes Listing Agent
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes View Homes - 90275 Homes
Palos Verdes Photography - Palos Verdes, California Videos