lomita real estate news for january

Do to the lack of Homes available for sale in Lomita: Sold prices have been raising an average of 16.2% over last year.

The medium home price

In Lomita for 2013

$540,200*

CALL TODAY to find out how my custom marketing plan will get your home SOLD

for TOP DOLLAR.

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

e-mail: bobeubanksrealtor@gmail.com

web site:BOBEUBANKSREALTOR.COM

*source Zillow

REAL ESTATE

2013 WRAP UP

PRESENTED BY:

BOB EUBANKS

JENNEY REINBOLD

(310) 869-5838

REALTOR BRE # 01018190

YOUR NEIGHBORHOOD REALTOR

SINCE 1989

Lomita Real Estate News for February

REAL ESTATE NEWS

·      So Cal home sales fall, but prices near six year high.

        Bargain-priced properties drying up and inventory     

        remains tight.

·      Do rising interest rates trigger lower house prices?

Not true according to Mark Palim of Fannie Mae.

·      Interest rate this year 4.5% vs. Last year 3.77%

Caused by the Fed’s decision to cut its bond stimulus program another 10 billion to 65 Billion.

·      New standards change home loan landscape.

New loan underwriting standards are now stricter.

*source Daily Breeze

CALL TODAY to find out how my custom marketing plan will get your home SOLD for

 TOP DOLLAR.

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

ü E-mail: bobeubanksrealtor@gmail.com

ü Web site:BOBEUBANKSREALTOR.COM

Your Neighborhood, Your realtor

REAL ESTATE

&

 NEIGHBORHOOD NEWS

PRESENTED BY:

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

REALTOR BRE # 01018190

YOUR NEIGHBORHOOD REALTOR

SINCE 1989

Lomita Real Estate News for March

REAL ESTATE NEWS

·       How Will the New 2014 Mortgage Rules affect you?

New mortgage rules will influence qualifications requirements and the type of mortgages that Borrower’s receive and ensure their ability to repay the loan.

·       Mortgage rates still at 4.49% on gloomy economic data

Rates are likely to remain low, at least until economic reports show some improvement.

·       Feds continue to trim it bond-buying program.

As reported by the Federal Reserve Chair, Janet Yellen, to Congress this week.

·       How Much Home Insurance Should You Buy?

That depends. The two main factors that determine how much insurance you need are your dwelling and your personal property.

·       The best option for underwater homeowners may be to let it go.

Regardless of your home value if your loan balance is higher than the value you may want to consider a short sale or bankruptcy

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

ü E-mail: bobeubanksrealtor@gmail.com

ü Web site:BOBEUBANKSREALTOR.COM

CALL TODAY to find out how my custom marketing plan will get your home SOLD for TOP DOLLAR.

REAL ESTATE

&

NEIGHBORHOOD NEWS

PRESENTED BY:

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5836

REALTOR

 BRE # 01018190

YOUR NEIGHBORHOOD REALTOR SINCE 19

Lomita Real Estate News for April

REAL ESTATE NEWS

·       Lomita’s first quarter wrap up on home sales 2014

20 homes sold, 9 currently in escrow and 16 listed

Average sale price for a 2 bedroom is $416,500 (10 sold)

Average sale price for a 3 bedroom is $500,750 (8 sold)

·       Why is the Real Estate market so sluggish?

High inventory, rising home prices, and rising interest rates have combined to slow pending home sales.

·       Mortgage rates rise to 4.51% in overreaction to Fed

Fed could start raising the federal funds rate six months after ending the bond buying program, according to Fed Chair Yellen.

·       How to prevent a neighbor foreclosure from destroying your

property value.

Find out what you can do to help to maintain the property. Report crime and code violations as soon as you see them. Talk up the property and the neighborhood, to anyone you know who is looking to buy a home.

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

ü E-mail: bobeubanksrealtor@gmail.com

ü Web site:BOBEUBANKSREALTOR.COM

CALL TODAY to find out how my custom marketing plan will get your home SOLD for TOP DOLLAR.

Lomita Real Estate News for May

REAL ESTATE NEWS

·       As economy stumbles, 30-year rates slip to 4.44%.

Mortgage rates edge lower this week amid reports that the economy slowed significantly in the first few months of the year.

·       Selling a home “as is” isn’t as easy as it seems.

The term ‘as is’ carries a stigma that something is wrong with the property and buyers automatically expect a lower sale price. In California sellers are required to disclose any know defaults to the property and buyers almost always hire a home inspector to uncover any issues. Preventing sellers to hide under the phrase “as is”.

·       Strategic default may help seriously underwater homeowners

The home owner first needs to determine witch option is best for them, a modification, renting the home, or short sale

Consult a Real Estate professional for guidance.

For more information on these topics call:

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

ü E-mail: bobeubanksrealtor@gmail.com

ü Web site:BOBEUBANKSREALTOR.COM

CALL TODAY to find out how my custom marketing plan will get your home SOLD for TOP DOLLAR

Lomita Real Estate News for June

REAL ESTATE NEWS

·       INTEREST RATES SINK TO A 49 WEEK LOW

 30 year fixed rate fell to 4.2%, one year ago the rate stood at 3.9%. The reason for the decline is the yield on the 10-year treasury fell and investors are concerned that growth isn’t going to accelerate in the long term.

·       What are the hottest remodeling projects?

Where do you get the most value to recoup in resale?

Bathrooms and kitchen are by far the most popular remodel projects; they give the wow factor but only recoup about 80% of your investment. New steel entry doors and new garage door offer a better return recouping nearly 97% on you investment during resale.

·    How much in taxes will I have to pay in the sale of my home?

   Capital gains taxes on the sale of your home are calculated as ordinary      income, but upgrade expenses can reduce that amount. When you sell your primary residence and you have lived in the home two of the last five years you can exclude from your taxes $250,000 for a single person and $500,000 if  you’re married.

For more information on these topics call:

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

ü E-mail: bobeubanksrealtor@gmail.com

ü Web site:BOBEUBANKSREALTOR.COM

CALL TODAY to find out how my custom marketing plan will get your home SOLD for TOP DOLLAR.

REAL ESTATE NEWS

·       Mortgage rates took a dive this week.

 Reports showed the gross domestic products declined by 2.9% for the first quarter of 2014. With a weak economy investors get nervous and move their money to safer investments. The 30 year fixed rate declined to 4.28% versus last year at this time 4.61%

·       Sellers: Don’t try to sell a smelly house.

If you are selling your home, it needs to look a little better, smell a little fresher, and be priced competitively with the other houses for sale in your area.

·       Could there be another down turn in the Real Estate market?

The Real Estate Market has not done a turnaround yet. The true unemployment being at an all-time high, college grads with too high debt to income ratio, too many homes underwater, and the expiration of the Debt Forgiveness Act. These circumstances may lead to another downturn in the Real Estate Market.

·       Ways your home can make you go broke

Buying a home out of your league can lead to foreclosure and even bankruptcy. Overlooking small repairs to save a few bucks can lead to major repairs down the road. Cutting corners on home improvements, by doing it yourself or hiring an unlicensed Contractor may lead to major problems with permits and code enforcements

BOB EUBANKS

JENNEY REINBOLD

(310) 896-5838

ü E-mail: bobeubanksrealtor@gmail.com

ü Web site:BOBEUBANKSREALTOR.COM

CALL TODAY to find out how my custom marketing plan will get your home SOLD for TOP DOLLAR.