Is the Palos Verdes Homes Market & South Bay Real Estate Market Finally Turning Around?First and foremost, I’ve learned long ago NOT to be in the “crystal ball” business. So let me just report some facts
* to put this number in perspective, at the peak of our market in the 4th quarter of 2006, the ratio was over 100% This is just a small excerpt from one of the critical charts I keep that help me guide Palos Verdes home sellers to better price their homes so that they sell faster and for a higher net price.
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Tag Archives: paseo del mar
Palos Verdes Estates Homes – Rent or Buy
As Rents Climb Higher, Owning a Palos Verdes Home Gains AppealI was reading an interesting article in the Wall Street Journal today about how home ownership is once again regaining popularity. You can read the full article by clicking on this picture below But it got me to thinking, “…Ok, so that’s what is happening on the national scale, what about here in town, is that translating to Palos Verdes homes?…” Look what I discovered: To view a full size image, just click the image below. I guess it’s time to buy a home in Palos Verdes Estates … |
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Palos Verdes Estates Homes in Lunada Bay
What is Lunada Bay?
It’s all this and more … let me share with you a brief video of Palos Verdes Estates, the city in which Lunada Bay is located and then, feel welcome to explore homes for sale in the area. You will come to the same conclusion I did, if Norman Rockwell knew of this place, he would have painted dozens of pictures! Are you sold on the area yet? Search here to find homes for sale in the Lower Lunada Bay area If you’re unaware of the difference between lower and upper Lunada Bay (these are terms used to describe homes for sale in Palos Verdes Estates that either west or east of Palos Verdes Drive West), then this chart might help. You can find a downloadable pdf file by clicking the chart. Perhaps you would like expand your search to ALL homes in Palos Verdes Estates? Here are two great examples of Lunada Bay Homes for sale now (click the images) |
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Do folks correctly deduct for property taxes on Palos Verdes homes
Will the California Tax Man Come Looking for YOU?!Overlooked Property Tax Law as a source of RevenueDuring 2011, the California Franchise Tax Board (FTB) proposed a change to Schedule CA to require the information necessary to enforce an overlooked area of the real estate tax deduction. The real estate tax deduction applies to ad valorem taxes, the real estate tax amount based on the assessed value of a property. Taxes based on a direct levy or special assessment, such as Mello-Roos or various services provided to specific properties are generally not deductible. However, many taxpayers are not aware of this distinction and in practice most individuals or their tax preparers include the total property tax on Schedule CA. Until recently the FTB didn’t have the capability to determine whether the reported number included non-deductible taxes, but a computer system planned for 2012 will give the FTB that capability. The FTB had planned to enforce compliance stating this year by adding three lines to the 2011 state tax returns that would require property owners to show their parcel number, total property tax bill and the deductible amount. On November 1, 2011 the FTB announced the decision to delay the change to Schedule CA for a year and use 2012 to educate taxpayers and preparers on the rules. The board encourages voluntary compliance for 2011 tax returns and plans to enforce the rules on the 2012 Schedule CA. As part of the education effort, the FTB created a page on their website called Understanding the Real Estate Tax Deduction that explains the rules and provides an example tax bill with the ad valorem taxes and direct levies or special assessments broken down. For the 2011 tax year, some preparers are requiring their clients to bring in the county property tax statement before they will include the deduction in the Schedule CA. The FTB estimates that the change will bring in an additional $200 million of revenue per year and that voluntary compliance could bring in $20 million this year. |
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Palos Verdes Estates Homes
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Lunada Bay Homes for Sale
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Palos Verdes Homes Absorption Trends
As always, no one can claim any clarity with a “crystal ball”. That being said, I found this article interesting and may give some clue as to what is happening nationally with real estate. Of course one of the oldest real estate sayings other than “Location, location, location” is that “All real estate is local” … meaning, it really doesn’t matter too much what is happening nationally, it’s all about what is happening on the local level. For example, real estate in the last 3 or 4 years has behaved much differently for Palos Verdes homes than it has for Riverside homes. “The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group…” To read more, go here http://www.fanniemae.com/portal/about-us/media/financial-news/2012/5650.html For more information on Palos Verdes homes and Palos Verdes real estate, you’re welcome to visit my website at http://www.homeispalosverdes.com |
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Palos Verdes Estates homes with over 1/2 acre of flat useable land
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Sell Palos Verdes Estates real estate for more money
Selling a home in Palos VerdesIt’s all about E X P O S U R E !Of the many venues available to expose and market real estate in Palos Verdes, Realtor.com is one of the best. It’s no wonder that my investment in marketing my sellers homes pays off with faster sales and higher prices for my sellers all due to creating more buyers competing for the property.
Of the nearly 6,000 agents in the South Bay area of Southern California, there are only EIGHT maximum agents that can expose your Palos Verdes home for sale on Realtor.com as a FEATURED LISTING. This added exposure is essential to getting the highest price in the shortest period of time and with the least amount of inconvenience for my sellers. When you’re ready to sell your Palos Verdes real estate, how can you possibly afford not having this benefit. |
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Selling a home in Palos Verdes Estates CA
How to sell Palos Verdes Estates homesSure, marketing is key, but what kind of marketing? What works? Does traditional print media work? It doesn’t in my opinion, but when you can combine print media with the omnipotent internet, the two combine to create some spectacular results. It’s why I’ve chosen South Bay Diggs as the print media and internet solution for my marketing. If you’re looking for Palos Verdes Estates real estate in the Lunada Bay area of town or if you just want to see how the ad works, go to this link now. Lower Lunada Bay homes for sale
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