Gorgeous Harbor City Home

beautiful home for sale in Harbor City CA

Listing price: $699,999

984 Koleeta Drive, Harbor City, CA 90710
Listing ID#: SB18259191
1,952 Sq Ft.
Built in 1965

This beautiful home has it all. Located in the desirable Del Amo Woods neighborhood, this split-level, single-family residence has 5 bedrooms and 3 bathrooms and features a spacious living area on the main floor with new floors throughout. The large living room has a traditional gas fireplace and the family room opens out to the fenced yard. The kitchen has been updated with quartz counters and stainless steel appliances and has access to the covered patio – perfect for entertaining. The upstairs has new carpet and a remodeled full bathroom. The master bathroom has been beautifully updated with stunning tile and designer touches and the master suite shares one of the bedrooms, which can be used as a sitting room or nursery. The main floor bedroom and bathroom are great for extended family or guests. All windows are dual pane and the roof is approximately 10 years old. Garage offers direct access to house. Area next to driveway is potential extra parking.

Call or text Lucy Garber (310) 293-4866 to learn more and view home.
CalBRE License #: 1100090

 

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Please call Lucy Garber at (310) 293-4866 if you are interested in buying or selling your home in the South Bay.

 

Staging Your Home: How to Make Buyers Fall in Love

Stage your home to help in it's sale

With these tips and tricks, your house will be swoon-worthy in no time.

All the world’s a stage, said the Bard.

That includes your house. Which is for sale. And thus needs to look bee-yoo-tee-ful.

Staging entails hiring experts with a flair for interior design. They reimagine your living space and give your house a makeover (with temporary decor and furnishings) so that it gets “oohs” and “aahs” from the buying masses.

Great staging isn’t an insurance policy — there’s no guarantee it will bring in more money when you sell your home — but it’s an important marketing tool. It presents your house in a flattering light and helps you compete at a favorable price. (In that sense, staging is like dressing your house for the price you want, and not the price you have.)
Staging also leads to eye-catching listing photos, which are especially valuable given that most homebuyers begin their search by scrolling through listings online.
So, are you thinking about hiring stagers for your home? Here’s what to consider.

Staging Really Does Help. Like, a Lot.

But you don’t have to take our word for it. A recent survey from the NATIONAL ASSOCIATION OF REALTORS® revealed that:

  • 77% of buyers’ agents said staging makes it easier for their buyer to visualize the property as their future home. It’s like helping the buyer dream it so they can achieve it — and so you and your agent can make the sale.
  • 39% of sellers’ agents said staging a home greatly decreases the amount of time a house is on the market. For you, time saved could mean moving into your new house even sooner.
  • 21% of sellers’ agents said staging a home increases its dollar value between 6% and 10%. Simply put, that may lead to more money in your pocket.

Before You Stage, Budget Accordingly

Many listings agents offer staging services to clients as part of their services. If you want to use someone you find yourself, you typically will have to pay out of pocket.

Staging costs vary depending on where you live and how many rooms you’re staging. On average, home sellers pay between $302 and $1,358 for staging, according to HomeAdvisor.com. If your house is empty because you’ve already moved, you might also have additional expenses for renting furniture and other homey decorations to make it look lived-in.

Many stagers offer consultations for as low as $150, Fixr.com reports. Using the advice you learn during the consultation to try DIY staging may be your best option if you’re on a tight budget. Listen for tips on how to use the furniture and decor you already have to show off your home’s best assets.

For the Best Results, Declutter

Spoiler alert: No buyer wants to walk into a messy house.

So, take time to clean and declutter your home. Organize everyday household items into crates and keep them out of sight. Stow away seasonal decorations (that means no Christmas in July). Make time for — or invest in — a whole-house cleaning, including carpet shampooing. Change lightbulbs, finally make those minor repairs, and add a fresh coat of paint to any room that needs it. {{ start_tip 99 }}Clean out closet spaces{{ end_tip }}— because buyers will want to check out the closets.

Also worth considering? Removing personal items from view, such as copious family photos, artwork, or religious keepsakes. The concern is not that home buyers will be offended by you or your lifestyle. The goal is to neutralize the space and help home buyers imagine themselves living there. (But don’t go overboard. You don’t want rooms to feel sterile, either.)

Yes, we did just tell you to clean out your closets. So where are you supposed to put all this stuff? If you don’t have a discrete place to tuck things away, consider renting a storage unit.

To do your due diligence, here are 10 questions to ask prospective stagers:

  1. On average, how many days were your staged homes on the market last year? Experience is important, but it’s not the only factor to consider when vetting stagers. You want someone who stages homes that sell — ideally within 30 days, because that’s when agents often recommend making a price reduction if your house is still on the market.
  2. What price range do you typically work in? Staging luxury homes is a totally different ball game than staging starter homes. Find someone who specializes in homes near your listing price.
  3. What styles of homes do you usually stage? Staging different types of homes also requires different skill sets (think of a penthouse versus a bungalow, for instance). Look for someone with experience working in homes similar to yours.
  4. What formal training have you received? A number of staging organizations, such as the Real Estate Staging Association (RESA) and the International Association of Home Staging Professionals (IAHSP), offer certification or accreditation. Training from these associations can distinguish professional stagers from beginners.
  5. Do you have insurance? Your home could get damaged when the stager moves furniture in and out. Find someone with business insurance so that you’re protected.
  6. Can I see your portfolio? One of the best ways to judge a stager’s skills is to look at their work. Ask to see photos from the person’s three most recently staged homes.
  7. Do you select the accessories, furniture, and paint for the homes you stage, or do you collaborate with other experts? Some stagers work independently, while others collaborate with other vendors. Make sure you know everyone who will be involved in staging your home, so you don’t have surprise guests rearranging your living room.
  8. What are your rates? Some stagers charge a fee for decorating services, plus a monthly fee for renting furniture, while others charge a flat fee per room for the duration of the listing. Ask about how a stager determines costs before you commit to working with him or her.
  9. What’s your availability? If you’re on a tight timetable, make sure the stager can get your house ready by the date you want to put your house on the market.
  10. Can you provide contacts for past clients? Get in touch with two or three people who have worked with the stager before. Ask how the stager’s services helped with the sale of their homes, and what they might have done differently.

Focus On the Rooms That Count the Most

You don’t have to stage your whole house to make buyers swoon.

Staging the rooms where people tend to spend the most time usually makes the biggest impression on buyers. Start with the{{ start_tip 100 }}living room,{{ end_tip }}followed by the master bedroom and the kitchen.

Keep in mind that you’re not going for an HGTV-worthy overhaul: Even small touches, like putting fluffy towels in the bathroom or replacing shabby throw pillows in the family room, can make your home that much more attractive.

Oh, and BTW: Stage Your Yard, Too

Your house has to look its best — inside and outside. After all, buyers form their first impression when they pull up in front of your home. It’s no surprise, then, that curb appeal — how your home looks from the exterior — can increase your home’s sales value up to 17%, a Texas Tech University study found.

If you’ve never had your yard professionally landscaped, now may be the time to do it. Landscaped homes have a sales price advantage ranging from 5.5% to 12.7%, according to research by Alex Niemiera, a horticulturist at Virginia Tech. That would mean an extra $16,500 to $38,100 in value on a $300,000 home.

Professional landscaping, however, can cost a lot. You’re aiming for polish, not a new garden of Versailles. If budget is a concern, start with these DIY improvements:

  • Plant blooming flowers and fresh greenery. Even if it’s winter, you can add colorful winter blooms and seasonal touches such as garland or lights.
  • Mow the grass.
  • Reseed bare patches of lawn and add fresh sod, as needed.

Then move on to these easy upgrades to your home’s exterior:

  • Wash the front windows.
  • Power wash siding and walkways.
  • Repaint or stain porches and stairs, as needed.
  • Make sure house numbers are easy to see, visible, and pretty.
  • Make sure important outdoor features such as the front door, porch, and sidewalks and paths are well lit. (If not, install new fixtures or lighting.)

Even basic upgrades — like laying fresh mulch, changing porch lights, or installing a new mailbox — can help a buyer fall in love at first sight.

Source: House Logic

Millennials Homebuyers – Many Borrowing From Retirement Fund

Millennials Home Buyers

Millennials (ages 25 – 34 years old) are important because they are currently the largest generation since baby boomers, i.e., 25% of the U.S. population. With almost 10 million living in our state, California has the largest share of them – 13% of the California population.  Millennials are increasingly more active homebuyers.*

U.S.-wide, buyers 37 years and younger are the largest share of home buyers at 36%.  Sixty-five percent of these are first-time home buyers.

But housing inventory shortage means higher prices. And coming up with the required funds is tough for many millennials.  This has led to an alarming trend of 1 in 3 millennials using their retirement accounts to finance their home purchase.  Read more about this in this CNBC article below.

Lucy Garber
Living in and selling homes in the South Bay for over 25 years.
(310) 293-4866
Email: LucyGarber1@yahoo.com
RE/MAX ESTATE PROPERTIES
DRE# 0110009

The ‘alarming’ way 1 in 3 millennial homeowners get the money to buy homes

Roughly 98 percent of people want to own a home, according to a recent Bank of the West survey. But coming up with the required funds can be tough — especially for cash-strapped millennials in today’s competitive market.

To finance their purchases, one in three millennial homeowners withdrew money from or took loans against their retirement accounts, according to Bank of the West’s survey of over 600 U.S. adults ages 21-34. Meanwhile, one in five millennials who are planning to buy a home expect to do the same.

It’s an “alarming” trend, according to Ryan Bailey, head of Bank of the West’s retail banking group. “Millennials are so eager to become homeowners that some may be inadvertently cutting off their nose to spite their face.” He recommends relying on savings rather than dipping into your retirement funds.

“Borrowing from your retirement may make sense in special circumstances, but it’s definitely not a recommendation we tell people to do,” Bailey tells CNBC Make It.

What’s the problem?

If you don’t have quite enough saved for your first home, you are allowed to pull money out of your retirement accounts, such as a 401(k) or an IRA. But while dipping into your retirement savings may help you put down a bigger down payment and lower your mortgage rate, it also may mean those savings could experience a long-term setback.

Think of it this way: You are not allowed to draw on your future Social Security payments to buy real estate and your grandparents weren’t allowed to use their pensions, Colorado-based financial planner Kristin Sullivan tells CNBC Make It. “For millennials, the 401(k) is going to be the major component of their retirement. It is a sacred pact with your older self to take care of that older self,” she says. If you can’t afford to buy a house without raiding your retirement plan, she adds, you may not be able to afford to be a homeowner at this point.

Technically, you can withdraw the money from a Roth IRA if you’ve had one for at least five years: Those under 59 ½ years old can take out up to $10,000 without penalty if you’re a first-time homebuyer, according to the IRS. And because you’ve already paid taxes on this money, you won’t have to worry about any additional fees.

If you’ve been contributing to your Roth IRA for less than five years, you can still pull out up to $10,000 — but you’ll have to pay income taxes on the amount.

If you have a 401(k), you’ll want to borrow the money as a loan, rather than taking it outright. Getting the money as a loan (up to 50 percent or $50,000, whichever is lower) helps you to avoid income taxes and a 10 percent early withdrawal penalty. But keep in mind that, as with any loan, you’ll have to pay the money back, plus interest. Also, should you fail to pay back the loan on time, you may incur a 10 percent early withdrawal penalty.

Worse, the terms of the loan generally require that you keep your current job. If you want to switch or are let go for any reason, the full balance of the loan is typically due within 60 days. “This is even the case if you are fired from your job. You would have to pay back a loan at what may be the most inopportune time,” New York-based financial advisor Paul Tramontozzi tells CNBC Make It.

What are the alternatives?

Before using retirement savings to purchase a new home, review your current spending. Look for any expenses you can cut to save money.

“If someone is contemplating dipping into retirement savings, they likely they haven’t been able to save up the required down payment to buy the house in the first place, which likely means they don’t have a good handle on their finances to begin with,” Illinois-based advisor Stephen Jordan tells CNBC Make It.

Millennials should also consider scaling down their home dreams in order to reduce the cost. Take a hard look at your finances so you don’t get in over your head, Danielle Hale, chief economist for Realtor.com, tells CNBC Make It. Just over 40 percent of millennial homeowners said in a recent survey said they had regrets after they purchased because they felt stretched financially.

“It takes being honest with yourself when you’re making a home purchase,” she says, adding that you should take advantage of filters on home search sites to make sure you’re not shopping for something that’s too expensive.

“With careful financial planning, millennials can have it all – the dream home today, without compromising their retirement security tomorrow,” Bailey says.

Source: CNBC Money | Megan Leonhardt
*Reference:  Brookings Institution | William Frey

Hot New Listing in Rolling Hills Estates – Open House July 7

Listing Price: $998,000

Ready to live in beautiful Rolling Hills Estates? Come see your dream home!

Single level home with 3 bedrooms, 2 full baths, featuring an open floor plan with plenty of natural lighting. The spacious family room has vaulted ceilings, track lighting and a fireplace. The original hardwood flooring covers all living spaces and bedrooms. The bright and open kitchen has a counter with seating for four and the dining and family rooms adjoin and have direct access to the backyard. The large, flat backyard features a gorgeous lawn and mature trees lining the perimeter, providing great privacy.

Conveniently located within walking distance to award-winning Silver Spur Elementary and Peninsula High School. This home is priced to move quickly – it is currently the lowest priced home listed in Rollingwood and is a must see!

OPEN HOUSE
Saturday July 7, 2018

From 1:00-4:00 PM

5296 Willow Wood Rd, Rolling Hills Estates, CA 90274
Listing ID: PV18160978
1,682 sq. ft.
Built: 1956

Call or text Lucy Garber (310) 293-4866 to learn more and view home.
CalBRE License #: 1100090