Dave Harbison's Long Beach CA Real Estate Update

Top 6 "Big-Bang For Your Buck" Remodeling Projects

2012-04-11T06:20:00.000-07:00

Every year, the National Association puts out a survey of projects the provide a good and not so good investment into your home. The goal is to provide insight and optimum use of space inside and outside your home that will not only attract buyers but also provide the best return for your investment.

Since these numbers are national, not local in nature, one or more of these projects may not apply to your situation. In our neighborhoods of Long Beach, the tendancy to provide great curb appeal coupled with upgraded kitchens and bathrooms. On the other hand, many first time buyers look to jump head first into fixer homes that provide an opportunity that allows them to mold their vision. So, remodelling may put a stamp on your vision but turn off potential buyers willing to pay top dollar to do it themselves. The best advice I can give is to consult your inner circle of firends and your Realtor to get insight and advice on best plan of action.

Here are the top 6 "Big-Bang" return for your dollar remodeling projects:

Siding Replacement
Cost = $ 13,431
Return = $ 10,493
ROI = 78.0%

Entry Door Replacement
Cost = $ 1,238
Return = $ 903
ROI = 73.0%

Attic Bedroom Addition
Cost = $ 50,148
Return = $ 36,346
ROI = 72.5%
Kitchen: Minor Remodel
Cost = $ 19,588
Return = $ 14,120
ROI = 72.1%

Low-End Garage Door Replacement
Cost = $ 1,512
Return = $ 1,087
ROI = 71.9%

High-End Garage Door Replace
Cost = $ 2,994
Return = $ 2,129
ROI = 71.1%

These estimated costs and returns were derived from a survay of more than 3,000 Realtors conducted June-Sept 2011.

There are plenty of projects that will help you increase the value of your home. Making the "right" choices however, will get you the MOST money over time.

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Get Your Property Tax Lower - Appeal Your Bill

2012-04-09T09:23:00.001-07:00

I've had a number of clients come up to me this past year and talk about their Property Tax. Most have undergone a shift in home value downward over the past 3-4 years and are frustrated with the fact that their property taxes reflect the market when homes cost 25%+ more. Surprisingly few have taken the time or the steps to re-adjust their property taxes to be more in line with today's property values.

After several inquiries I began a search to find out exactly what to do in the least amount of time. I came across an interesting article by Barbara Eisner Bayer in October 2009. Here's what she recommends:

Owning a home is an expensive proposition. There’s maintenance, landscaping, utilities, renovations, and, of course, taxes. It’s your civic duty to pay the latter, but it’s also your right not to yield a penny more than your fair share.

It’s possible to trim your property tax bill by appealing the assessed value of your home. But making a case against your real estate assessment, the basis for your property tax bill, requires doing a bit of homework. Initial research can be done online or by phone over two or three days, but the process can stretch out for months if you’re forced to file a formal appeal.

Read your assessment letter

A real estate assessment is conducted periodically by the local government to assign a value to your home for taxation purposes. An assessment isn’t the same as a private appraisal, and the assessed value of your home isn’t necessarily how much you could sell it for today. Real estate assessment letters are mailed to homeowners annually, or perhaps every two to three years, depending where you live.

The letter will include some information about your property, such as lot size or a legal description, as well as the assessed value of your house and land. Additional details—number of bedrooms, for example, or date of construction—can often be found in the property listing on your local government’s website. Your property tax bill will usually be calculated by multiplying your home’s assessed value by the local tax rate, which can vary from town to town.

If you think your home’s assessment is higher than it should be, challenge it immediately. The clock starts ticking as soon as the letter goes out. You generally have less than 30 days to respond, though the time frame varies not just between states, but within each state. Procedures are often outlined on the back of the letter.

Gather evidence

Zillow.com

Start by making sure the assessment letter doesn’t contain any mistakes. Is the number of bathrooms accurate? Number of fireplaces? How about the size of the lot? There’s a big difference between “0.3 acres” and “3.0 acres.” If any facts are wrong, then you may have a quick and easy challenge on your hands.

Next, research your home’s value. Ask a real estate agent to find three to five comparable properties—“comps” in real estate jargon—that have sold recently. Alternatively, check a website like Zillow.com to find approximate values of comparable properties. Today, there are a number of web sites that will provide key information about an area. Keep in mind, these sites do not take into the consideration, key intangibles like, location, updates and upgrades. The key is identifying properties that are very similar to your own in terms of size, style, condition, and location. If you’re willing to shell out between $350 and $600, you can hire a private appraiser to do the heavy lifting.

Once you identify comps, check the assessments on those properties. Most local governments maintain public databases. If yours doesn’t, seek help from an agent or ask neighbors to share tax information. If the assessments on your comps are lower, you can argue yours is too high. Even if the assessments are similar, if you can show that the “comparable” properties aren’t truly comparable, you may have a case for relief based on equity. Maybe your neighbor added an addition while you were still struggling to clean up storm damage. In that case, the properties are no longer equitable.

Present your case

Once you’re armed with your research, call your local assessor’s office. Most assessors are willing to discuss your assessment informally by phone. If not, or if you aren’t satisfied with the explanation, request a formal review. Pay attention to deadlines and procedures. There’s probably a form to fill out and specific instructions for supporting evidence. A typical review, which usually doesn’t require you to appear in person, can take anywhere from one to three months. Expect to receive a decision in writing.

If the review is unsuccessful, you can usually appeal the decision to an independent board, with or without the help of a lawyer. You may have to pay a modest filing fee, perhaps $10 to $25. If you end up before an appeals board, your challenge could stretch as long as a year, especially in large jurisdictions that have a high number of appeals. But homeowners do triumph. According to Guy Griscom, Assistant Chief Appraiser of the Harris County (Texas) Central Appraisal District, of the 288,800 protests filed in his Houston-area district in 2008, about 58% received reduced assessments.

How much effort you decide to put into a challenge depends on the stakes. The annual U.S. median property tax paid in 2008 was $1,897, or 0.96% of the median home value of $197,600. Lowering that assessed value by 15% would net savings of about $285. In some parts of New York and Texas, for example, where tax rates can approach 3% of a home’s value, potential savings are greater. Ditto for communities with home prices well above the U.S. median.

There are a few things to keep in mind as you weigh an appeal. The board can only lower your real estate assessment, not the rate at which you’re taxed. There’s also a chance, albeit slight, that your assessment could be raised, thus increasing your property taxes. A reduction in your assessment right before you put your house on the market could hurt the sale price. An easier route to savings might lie in determining if you qualify for property tax exemptions based on age, disability, military service, or other factors.

"Changes to stipulated local, city and county tax codes for property are ongoing. So we recommend investigating procedure and process prior to taking any action to save time, energy and money!" -- Dave Harbison

This article provides general information about tax laws and consequences, but is not intended to be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Readers should consult a tax professional for such advice, and are reminded that tax laws may vary by jurisdiction

About the author: Barbara Eisner Bayer has written about finance for Motley Fool, Daily Plan-It, and Nurse Village, and is the former Managing Editor of Mortgageloan.com and Credit-land.com. She splits time between a beachfront condo and a mountain retreat
Read more: http://www.houselogic.com/home-advice/property-taxes/property-tax-appeal/#ixzz1rYn4snuX

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Pesky Insects, Termites and other bugs. What to Do!

2012-04-06T13:29:00.000-07:00

I recently helped a client close on a property right near the beach. Everything was going smooth until it came down to the termite work. The seller, who leased the property to a couple with a young child, was posed with a delimma. The couple was really concerned about toxic chemicals being used for the work. They refused access to the property for quite some time.

This was new to me. I had never had a problem having termite work done before. It certainly peaked my interest and set me on a path to have alternatives ready for future

I did a little digging and came across some information and insight that definitely makes it easier to understand.

There is a buzzword being used these days to address those pesky pests — Integrated Pest Management (IPM). It is a uniquely powerful combination of prevention, conventional pesticides, and green alternatives.

For years (decades maybe) the traditional path spray using approved poisons. This could be done as a spot treatment or in the case of termite infestation, the home could be "tented" or enclosed. Today however, due to a growing concerns about the dangers of toxins buyers and sellers are looking for alternatives. The industry is also looking for ways to reduce the amount of pesticides used by incorporating solutions that are proven to be less toxic but still effective. The result — IPM.

Although a work in progress, this approach is quickly catching the eye of sellers and buyers alike. I think IPM will grow in popularity and move termite and bug protection to another level.

The Difference Between Conventional treatment and IPM

The convential approach is extermination (shoot-to-kill) with chemicals. This process often starts by toxic pesticides, then reapplying them on a regular schedule to prevent future infestations. In truth, the homeowner is paying for treatment whether insects are there or not.

The biggest challenge with the conventional approach is the risk of unnecessary exposure to toxic pesticides. Although proven to be effective in the short-term, pesticides can be linked to long-term adverse effects on the endocrine, reproductive, and nervous systems of people and animals. Smaller children can be more sensitive to the toxins found in many pesticides because their immune systems, organs, brains, and nervous systems are still developing.

Even with Environmental Protection regulating all pesticides, they remain potentially deadly to humans and harmful to the environment - especially if misapplied.

An alternative is Integrated Pest Management (IPM)

IPM uses a combination of strategies to control pests and includes homeowners as partners in the process. IPM consists of three basic steps:

Identifying Pests

Knowledge of the termites/pests is key to drawing up a plan to combat them. Any termite/pest control rep should be able to tell different insects/termites apart and understand everything -- their habits and habitats and how to best neutralize them
Preventing Pests from gestation and spreading

This strategy stresses prevention by denying food, water and access to livable habitats. However, immediate action to treat an existing infestation may include call for low toxic or natural (but effective) alternatives to neutralize the bugs/termite
Continual Treatment

No matter what the circumstances, active continual treatment is almost always recommended. The exterminator should consider using low toxic products - applying as little as possible and treat the smallest area possible (i.e. cracks and crevices)

If you are not comfortable with even low toxic sprays, gels or grandule pesticides, there are several natural substances (i.e. boric acid) that have active ingredients to stop infestation. Although slower than chemical pesticides, there are products made from natural substances can be very effective.

Keep in mind, that even natural solutions have the capacity to kill living organisms. Therefore, these solutions may be harmful to you and those around you. The best advice I can give is to have a full understanding of the products being used regardless of their toxicity.

Lastly, make sure the company you align with is licensed and a member of the local, state, and/or national pest management association. The association participation provides you the peace-of-mind that they are held accountable to the highest professional standards and ethics.
--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---www.espn.com

It's Spring. Time to Address Your Curb Appeal and Landscaping

2012-04-04T09:12:00.005-07:00

Although the nation has experienced unusually warm winter, we in Long Beach have had quite a chilly few months. There were a few warm days from January through March, but on the whole, it was colder than in past years.

Now that the weather is starting to warm up, it's time to do a little spring cleaning. Not only inside your home, but outside too.

Here are a few things you may want to consider doing this spring to the outside of your home.

CLEAN UP THE WINTER MESS

Put a day or two aside on the weekend to clean up your yard and garage prior to even thinking about addressing your lawn and landscaping vision. Trim back any trees, shrubs and other plants that have grown unruly during the past 4 months. Start with a clean slate before you tackle the tough stuff...
PUT TOGETHER A VISION AND ACTION PLAN

Like many, I like to dive-in and get my hands dirty right away when it comes to making the landscaping and appeal of my home the best it can be. But, going at it without some sort of plan is costly in both dollars and sense. Before you do anything, plan out your vision. Know what you will need from patio furniture, to shrubbery, flowers and plants. Don't be afraid to develope a whole design theme for the outside of your home. And always search out the best deals so that you can rest assured your big (and small) landscaping projects are cost effective and up to your standards.
IT'S THE SMALL THINGS YOU DO THAT CAN MAKE THE DIFFERENCE

Things are still tight out there. So, if you are on a budget is small but your vision for your lawn and landscaping is quite large, look to the simple fixes first. Ones that may take a bit more time but not as much expense. Like trimming bushes and hedges, planting seasonal plants, painting the fence or outdoor fixtures. Taking a little more time can be a major cost saver.
DON'T TRY TO DO TOO MUCH YOURSELF

DIYers are great. I consider myself one. However, trying to cut corners on the big projects can end up costing you a lot more money and time. Look to the professionals to do the jobs you don't have the time or tools to accomplish. Things like re-sodding, mulching, cutting and exterior painting are two examples. Remember, time is money...even on the weekends. There's nothing wrong about being confident in your abilities. But being wise is also a valued asset.

Real Estate Sales Will Soar in 2014? It's Already Started In Long Beach!

2012-04-03T12:39:00.000-07:00

Not much good news has passed by our ears or eyes the past 5 years. Our economy and resolve has certainly been tested. And will probably continue to be tested for the forseeable future.

During the time, I've seen our Realtor ranks diminish greatly (my estimate is 30%), the number of houses sold decrease by >25% from the market high and home values decrease by as much 30%+ in certain areas of Long Beach. It's been quite a ride. (I can't imagine the roller coaster Florida, Nevada and places like Riverside, CA have gone through. And I don't think it is fully over. The ride will continue, but at a much steadier even-keeled pace...and upward.

A really positive article appeared in a Real Estate Directory newspaper I read periodically. Backed by reputable sources (38 of the nation's leading Real Estate Economists).

They predict:

Housing starts will nearly double
Overall home prices will stop declining this year and increase by 2% and 3.5% in 2013 and 2014 respectively
Rents are expected to increase for all property types
Vacancy rates are expected to drop for office, retail and industrial properties
With an improving economy, interest rates will rise as will inflation

All of this, of course, is predicated on (at least) steady economic growth and a stronger world economic outlook. Any major event can turn this recovery in to double (possibly triple) dip recession.
By all indications, the turnaround is going to be a slow and certainly not like the meteoric rise we experienced in the early part of the last decade. I, for one, am looking forward to more positive indications that we are back on the right track.

To learn more about what to expect in the future. Go to Real Estate Will Rock In 2014! by www.RISMedia.com

--- Dave Harbison Long Beach REALTOR® Coldwell Banker Coastal Alliance (562) 494-4600 ext 2281 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

The Villa Riviera - A Historic Landmark in Long Beach

2012-04-02T15:24:00.002-07:00

Everytime I drive back from San Pedro down Ocean Blvd. I peer to the right and marvel at an icon of the Long Beach skyline - the Villa Riveria. Hard to believe it is only 15 stories as it seems so much larger. Built in 1929, this building, for some time, was one of Southern Californias tallest buildings. It seems much larger probably because it cradles two major streets, Los Alamitos Avenue and Ocean Blvd.

Looking closely at the architecture and top line of the building, it's steep pitched roof (made of copper) and gargoyle centurians around the whole building, I'm reminded of mid-16th century European renaissance castles I use to see and read about in history books. And the south facing portion of the building provides ideal views of the Long Beach Harbor and Catalina. While the north peers to the heart of Long Beach up Los Alamitos Blvd.

History tells us that Villa Riveria weathered one of the worst earthquakes on record - 1933. And counted Hollywood elites such as Charlie Chaplin and Joseph Schenck as its tenents. Having undergone many incarnations over time - apartments, a luxury hotel, and even naval housing during WWII, the building was converted into condos in 1991.

It is certainly one of the iconic architectural marvels of our small, diverse city and will continue to be for many years to come.

If you want to learn more about this Long Beach Historical Landmark, check out these websites:

http://www.villariviera.net

http://www.amazon.com/Long-Beach-Architecture-Unexpected-Metropolis/dp/0940512394

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Regular Maintenance of Your HVAC Unit Can Save $$$!

2012-04-01T07:46:00.001-07:00

I previewed a home a couple of months ago and noticed that the Air Conditioning unit(s) looked relatively old. Upon talking with the listing agent, I was told the sellers had never maintained the unit...in 4 years! Wow, I thought, this is not good.

As it turned out the, owners had to spend a sizeable amount of money to have a new. larger air conditioning unit installed or the buyer would walk...After negotiating such a a deal, I'm sure these sellers learned an important lesson.

Maintenance can save you a lot of $$$ !!!

There are plenty of reputable HVAC companies out there that will (for a minimal fee), Many will recommend semi-annual visits in the spring and fall.

Spring time is when the technician will clean the indoor and outdoor condenser coils, verify refrigerant charge, and inspect all the wiring
In the fall, look for them clean and inspect the furnace blower, burners, and heat exchanger.

The Summer and Fall months are key times to continuously brush or blow off fallen leaves and other debris from the outdoor air conditioning units and/or heating pumps
Spring months (March-May) are the months to wash and dry filters and vacuum condenser coils on all window air conditioning units
In summer, shut off the water supply to the furnace humidifier
In fall, replace the humidifier wick filter, set the humidistat to 35% relative humidity, and turn on the water supply
Make sure when you are mowing the lawn, grass does not get into the unit
Inspect the insulation and refrigerant lines going into your home and replace them if you notice wear-n-tear, damage, or if they are missing. Doing this every 4-5 weeks will ensure peace-of-mind
Every quarter, it is recommended to install a new one-inch pleated furnace filter to avoid hair and fibers from you, your family and/or pets

Make sure that outdoor air conditioning units and heat pumps are on firm and level ground or pads. The ground can shift (even a little) over the course of a year and that can greatly effect efficiency and life of your unit
Once a year, preferably in the spring, take a cup of bleach and put it down the air conditioner condensate drain. This will do a lot to prevent the buildup of mold and algae -- both of which can cause problems down the road
To avoid undue strain on your HVAC unit, don't close the home's register more than 20%

It's Tax Time! Here Are Key Mistakes Homeowners Are Making.

2012-03-30T14:59:00.000-07:00

Due to the fact, tax time is right around the corner, I came across some great information from an attorney that specializes in Real Estate taxes, G.M. Filisko. Here's what she summarizes as the top 10 sins homeowner's are making on their tax returns.

Sin #1: Deducting the wrong year for property taxes
You take a tax deduction for property taxes in the year you (or the holder of your escrow account) actually paid them. Some taxing authorities work a year behind — that is, you’re not billed for 2011 property taxes until 2012. But that’s irrelevant to the feds.

Enter on your federal forms whatever amount you actually paid in 2011, no matter what the date is on your tax bill. Dave Hampton, CPA, tax manager at the Cincinnati accounting firm of Burke & Schindler, has seen home owners confuse payments for different years and claim the incorrect amount.

Sin #2: Confusing escrow amount for actual taxes paid
If your lender escrows funds to pay your property taxes, don’t just deduct the amount escrowed, says Bob Meighan, CPA and vice president at TurboTax in San Diego. The regular amount you pay into your escrow account each month to cover property taxes is probably a little more or a little less than your property tax bill. Your lender will adjust the amount every year or so to realign the two.

For example, your tax bill might be $1,200, but your lender may have collected $1,100 or $1,300 in escrow over the year. Deduct only $1,200. Your lender will send you an official statement listing the actual taxes paid. Use that. Don’t just add up 12 months of escrow property tax payments.

Sin #3: Deducting points paid to refinance
Deduct points you paid your lender to secure your mortgage in full for the year you bought your home. However, when you refinance, says Meighan, you must deduct points over the life of your new loan. If you paid $2,000 in points to refinance into a 15-year mortgage, your tax deduction is $133 per year.

Sin #4: Failing to deduct private mortgage insurance
Lenders require home buyers with a down payment of less than 20% to purchase private mortgage insurance (PMI). Avoid the common mistake of forgetting to deduct your PMI payments. However, note the deduction begins to phase out once your adjusted gross income reaches $100,000 and disappears entirely when your AGI surpasses $109,000. Also, unless Congress acts to extend the PMI deduction again, 2011 is the last tax year for which you can take this deduction.

Sin #5: Misjudging the home office tax deduction
This deduction may not be as good as it seems. It's complicated, often doesn’t amount to much of a deduction, has to be recaptured if you turn a profit when you sell your home, and can pique the IRS’s interest in your return. Hampton’s advice: Claim it only if it’s worth those drawbacks. If so, here's what to know about what you can write off.

Sin #6: Missing the first-time home buyer tax credit
While the original home buyer tax credit deadline passed in April 2010 (and isn’t available in 2012), military families and some government workers on assignment outside the U.S. were given an extension until April 30, 2011, to get a home under contract and take advantage of up to $8,000 in tax credits for first-time buyers and $6,500 in credits for repeat buyers.

It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

Sin #7: Failing to track home-related expenses

If the IRS comes a-knockin’, don’t be scrambling to compile your records. Many people forget to track home office and home maintenance and repair expenses, says Meighan. File away documents as you go. For example, save each manufacturer's certification statement for energy tax credits, insurance company statements for PMI, and lender or government statements to confirm property taxes paid.

Sin #8: Forgetting to keep track of capital gains
If you sold your main home last year, don’t forget to pay capital gains taxes on any profit. However, you can exclude $250,000 (or $500,000 if you’re a married couple) of any profits from taxes. So if you bought a home for $100,000 and sold it for $400,000, your capital gains are $300,000. If you’re single, you owe taxes on $50,000 of gains. However, there are minimum time limits for holding property to take advantage of the exclusions, and other details. Consult IRS Publication 523.

Sin #9: Filing incorrectly for energy tax credits
If you made any eligible improvement, fill out Form 5695. Part I, which covers the 30%/$1,500 credit for such items as insulation and windows, is fairly straightforward. But Part II, which covers the 30%/no-limit items such as geothermal heat pumps, can be incredibly complex and involves crosschecking with half a dozen other IRS forms. Read the instructions carefully.

Sin #10: Claiming too much for the mortgage interest tax deduction
You can deduct mortgage interest only up to $1 million of mortgage debt, says Meighan. If you have $1.2 million in mortgage debt, for example, deduct only the mortgage interest attributable to the first $1 million.

This article is the copyright property of G.M. Filisko is an attorney and award-winning writer. A frequent contributor to publications including Bankrate, REALTOR Magazine, and the American Bar Association Journal, she specializes in real estate, personal finance, and legal topics. Read more about G.M. Filisko at: http://www.houselogic.com/authors/G-M-Filisko/#ixzz1qRyzpEUY

The above provides general information about tax laws and consequences, but shouldn't be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction.

--- Dave Harbison Long Beach REALTOR® Coldwell Banker Coastal Alliance (562) 494-4600 ext 2281 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Long Beach Historical Landmark - Kimpson/Nixon House

2012-03-29T10:00:00.000-07:00

Long before "Modernism" was in vogue, a renowned architect, Raphael Soriano began designing a beautifully modernistic home. The home is somewhat compact, two stories is situated overlooking the Colorado Lagoon. A long, continuous, metal-encasement window runs along the front of the home providing more than enough light throughout the day and an open airy feeling synonomous with the California lifestyle. The flow of windows extends to the back where you view a courtyard on nearly a 1/4 acre plot.

Walking through it the other day brought me back into the mid 1950's only this home was completed in 1940 (about 15 years before it's time). Originally from Greece, Raphael made his way to Southern California a the age of 20. In his 35+ years as an architect he was driven to novel solutions for middle-class housing in postwar America. He eventually designed over 150 buildings -- a small portion of which were built and completed. Today, it is estimated that only a dozen or so still remain.

Although it is over 70 years old, it has only had two owners, the first of which, Dean & Marion Kimpson, only stayed 1 year. The Nixon family has owned it ever since.

It is currently on the market, listed for $699,000, but is sure to fetch more due to its Historical Landmark status.

--- Dave Harbison Long Beach REALTOR® Coldwell Banker Coastal Alliance (562) 494-4600 ext 2281 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Kitchen Remodel - Done on a Budget

2012-03-28T13:59:00.001-07:00

I talk to a lot of clients these days about what they can do to improve their homes. The first thing they bring up is a Remodel of their Kitchen. The cost of a kitchen remodel is always the key in deciding whether or not to do it. So I pulled a very interesting bit of information from an article written by Jamie Goldberg - A renowned National Kitchen & Bath Association-certified designer, a Certified Aging in Place Specialist, & a contributor to Kitchens.com and Fine Homebuilding. If you don't know much about her now. You will soon.

Okay, here we go with some great trends:

Trend #1: Remodeling scales back
A new focus on moderation and value has entered the remodeling mind-set. Trends that are likely to show up in your kitchen next year include:

You’ll repair your existing appliances instead of replacing them, extending their life with good maintenance and care. If you’re replacing cabinets, you’re likely to build around your current appliances rather than choosing new models.

You’re scaling back your cabinetry purchases, with an increased emphasis on kitchen storage and functionality over elaborate decoration. For example, rather than stacked crown moldings throughout the kitchen, you’ll put your money into practical roll-out trays and drawer organizers.

Small-scale kitchen projects are big news. Changing out cabinet hardware, replacing a faucet, and refacing your cabinets upgrades your kitchen without major expense.

Trend #2: Simpler, warmer styles dominate

Fussiness and excess have faded away in favor of pared-back looks that present a more timeless, value-conscious style.

Cabinet decoration continues to streamline. For example, massive corbels, once fashionable as undercounter supports, will give way to sleeker countertop supports and cantelivered countertop edges. Stacked moldings will pare back or disappear entirely. Elaborately glazed finishes will yield to simpler paints and stains.
Kitchen finishes will continue to get warmer and darker, and feature natural and stained woods. Walnut especially is growing in popularity.

Laminate countertops will continue to surge in popularity, especially in contemporary design. The latest European-inspired laminates offer more textured and naturalistic finishes than ever before. While exotic wood kitchen cabinets are out of reach for most home owners, glossy, look-alike laminate versions can be had for about one-third the price.

Trend #3: Technology expands its kitchen presence

Many of the techno products and trends that relate to your smartphones and tablets have just started making their way into your local showrooms and home centers.

Appliances will be equipped with USB ports and digital screens so you can display your family photographs and kids’ artwork.

Smart, induction built-in cooktops ($500-$3,000) remember your temperature settings as you move your pans across their entire surface.

One light finger touch is all it takes to open the electronically controlled sliding doors of your kitchen cabinets — a boon to people with limited mobilities. You’ll pay 40% to 70% more for cabinets with electronically controlled doors than standard models.

You’ll be able to use your smart phones and tablets to control lights and appliance settings from anywhere you have a wi-fi connection, as well as to shop for appliances from major manufacturers.

You’ll be opting for LEDs for your recessed lights, under-cabinet task lighting and color-changing accent lighting. You’ll see more LED-powered pendants and chandeliers from major manufacturers as inefficient incandescent bulbs continue their march toward extinction.

A wide selection of affordable microwave ovens with convection and even steam features gives owners of smaller kitchen spaces more high-end cooking power.
Want to know more about Jamie? click this link. She is quite an accomplished professional. AND she has her first kitchen design book coming out later this year (2012) http://www.houselogic.com/authors/Jamie-Goldberg/#ixzz1qRUL5YzP

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

How Much Is A New Roof Worth in Today's Market

2012-03-19T10:24:00.001-07:00

I had a client talk to me about their roof the other day. They plan to put their home on the market soon and they wanted recommendations as to what they should do - New Roof or not. As a Realtor representing them, my job would be a lot easier selling their home with a new roof. However, what really needs to be asked -- "Is the investment going to turn into top dollar for their home?"

Here are a few things, in my opinion, that should consider:

It's a Buyer's Market

We have been in a buyer's market for quite some time. Good Realtors will guide their buyers to properties that provide the most home for the money. I always tell my clients the two most important things to look at when considering buying a home is foundation and roof. After all, these can be the most costly if not in the best condition. Third and forth on the list would be plumbing and electrical.
State of the Roof

The roof sheathing and outer roof over 20+ years of age most likely has experienced deterioration regardless of type of roof (composition, tile, wood shake, even metal). The cost of replacing your roof may provide a worthwhile investment to conscious buyers who are looking to get the most for their money in addition to "peace-of-mind" knowing the cost of replacing the roof will not be out-of-pocket. In my experience that lenders also put more positive weight on a new roofs than ones at the end of their life.

Before any decision is made, have more than one roofing professional out to take a look at your roof and provide a detailed report of the state of your roof and recommendations (have them include photos if possible).
Competitive Market Analysis

Today, you not only have to convince buyers that the price they are paying for your home is worth it. You also have to convince the Bank! Homes that are priced quite a bit higher than others in the neighborhood, regardless of upgrades and updates, may not be able to capture the value they deserve. Banks are much more conservative than in the past and appraisers have tightened up their practices as well.

There are several situations in my recent past where, when asked, I recommended against a new roof and my clients opted for roof repair. The recommendation I would make is to know the state of the homes that have sold in your neighborhood, have intimate knowledge of the state of your roof (where there are leaks, drainage issues and deterioration) and have your Realtor or trusted Real Estate professional provide their view of value with and without a new roof. An informed seller is always more powerful these days!

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562)618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Quintessential California Bungalow in Virginia Country Club

2012-03-14T15:16:00.000-07:00

Last week I was driving through Virginia Country Club on my way to meet a client to preview a home. On the corner of Pacific and Country Club Drive I stumbled on a beautiful California Bungalow that looked absolutely fabulous.

Eager to find out more, I scoured the internet and found a treasure trove of information anoub the home. The Jennie A Reeve House as it is referred to by the Long Beach Historical Society, was originally a 4 bedroom two story bungalow built for an activist and progressive woman's movement in the Long Beach and LA basin. The original architect, Greene & Greene, set out to build a home that incorporated a multi-gable design with deep, overhanging eaves that threw strong shadows across the planes of the house. Originally built with a modest landscape plan, the property evidently incorporated a simple post-and-rail fence and low gate at the path from the sidewalk. In the entry, there was a square entry hall gave access to the living room on the right, and to a short passage at the foot of the stairway, which led to the dining room on the left.

Alot has changed since 1902 when the original home was built and Ms. Reeves lived there. Last sold in 2004 it was listed as having 7 bedrooms, 3 baths, a huge 60 ft. living room with two fireplaces overlooking the grounds including pool & meandering stream. Spacious formal dining room, St.Charles kitchen with center island and custom cabinetry. Hardwood floors throughout, rich handcrafted wood paneling and french doors. Absolutely Stunning!!!

I have not had an opportunity to walk through the home but will definitely put it my bucket list.

If you want to explore more about the Jennie Reeves home. Visit the following web sites and see for yourself:

http://en.wikipedia.org/wiki/File:Jennie_A._Reeve_House.jpg

http://www.usc.edu/dept/architecture/greeneandgreene/232a.html

http://www.gamblehouse.org/nnb/object/415.html

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Safety & Security In Long Beach

2012-01-05T06:57:00.000-08:00

I recently spoke to a client of mine who was vandalized over the holiday. It seems that there has been an uptick in break-ins these past few years. The economy obviously plays an important part as does the over all emotional view of all of us.

In my eyes, Long Beach is a city with small town values and great community support. Yes, there are areas in the city that are extremely diverse. And, the reputation molded in the past, presents a skewed perception of the city and its neighbors. Overall however, Long Beach is a safe place to live and has great people.

Nonetheless, keeping your home protected from outside intruders will provide solid "peace-of-mind" in knowing you, your family and your home will be safe. A close friend of mine provided some interesting tips in keeping your home secure.

Consider a Professionally Installed Security System

It is a nice addition to your home defense. There are many to chose from. Consult a professional and don't hesitate to go on-line to consumer reports or blogs that focus on home security. There are plenty out there that will give you. Two that come to mind are:

Home Security Blog

101 Home Security Letter
Keep The Outside Well Maintained

Take a look at your property from the outside-in. Make sure it doesn't look neglected, hidden or uninhabited. Burglers are looking for an easy target. If the front door or walkway is hidden by shrubbery, it offers burglers the cover they need to break a door or window. Trim shrubs and trees awy from windows and consider widening your front walk.
Install Motion Detector Lights

An intruder can get into your home from just about anywhere. That's why installing motion detector lights on all sides of your home will provide ample light to greatly deter someone from doing breaking in your home. Simple motion-activated floodlights cost less than $50 each. And installing them is very easy.
Store Anything Valuable in a Safe Spot

Burglers want things that are easy to grab - electronics, cash, jewelry and other things that allow them to get in and get out safely. Don't get me wrong, they are not above taking your big-screen TV...This is why their first stop is to your bedroom where you likely hide the things that are most valuable. Take a look at each room in your home and ask yourself is there anything here that I can move to a safer spot - one that theives would not consider to look. And, for an investment of $150-200, is a home safe that's bolted to a basement or cement slab be the answer?
Keep Your Computer Data Out of Reach

In today's digital world, your computer data can be as much a target as anything else. Access to information is power. So, take steps to back up personal information including account access/login codes and passwords, pictures, anything you think valuable. Consider a password to protect your login screen. And always turn off your computer when it is not being used. Make access to your computer harder than blowing up a safe.
Prepare Ahead of Time in Case the Worst Happens

Take a photo or video inventory of items of value in your home and stor them online or in a home safe. Also, make sure you are properly insured for theft so that if something does happen, you will be able to replace those items that are replacable.

Thinking that your space can be violated is not something any of us want to focus on. However, a little preventative forethought will go a long way in greatly decreasing the likelihood that your home will be targeted by unscrupulous characters.

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

The Internet Has Changed The Game - Home Buying Tips

2011-12-13T17:07:00.000-08:00

Since the early part of this decade, on-line emergence of Real Estate tools and technology used to evaluate, analyze and scrutinize homes for sale, have changed how Realtors and Buyers alike, approach home-buying. At first, my colleagues and I were a bit skeptical about on-line searching and even fearful it would take business out of our pockets. However, over the past few years, I've not only embraced the digital and on-line world, I have become somewhat addicted to it.

With resources available on Realtor.com, Zillow.com, Homes.com, Yahoo.com, Trulia.com and others, the home buyer has an opportunity to be more informed and in-control of the home buying experience than ever before. And with all the insight available across the internet , the home buying experience can be more precise, less time consuming and much less stressful.

Here are just a few tips I'd gathered over time to help home buyers as they begin the process:

1. Make a list of everything you MUST have for your home. From location, school district, size, number of bedrooms, number of bathroms, layout and type of garage. Then put together a wish list of amenities such as flooring, kitchen shelving, fireplace and storage. Don't forget to also list things you absolutely don't want in a home. You may not end up getting everything on this list, but it will provide a great start and vision for the search

2. Find a lender that can pre-approve you for a loan in the price range that will put you in position to get the home of your dreams...or provide you with a good idea of what you can be approved for

3. Research homes on the internet so you get a feel for what is out there. I can help you sort through the properties within your price range and help you pinpoint homes that fit your criteria. By reviewing the photos and videos on your computer, you can get a good idea of what the property will look like...HOWEVER, just as the internet has revolutionized the home search, ADOBE PHOTOSHOP has made it possible to make interiors and exteriors of homes look much different in the photos than in person. So keep this in mind when looking at photos or virtual home tours

4. Focus on the big picture. I recommend to all my clients not to get stuck on the aesthetics that can be changed out easily -- carpet, paint colors, bad decor and old/faded/cracked (or just plain funky) fixtures

5. Find a professional Buyer's REALTOR like myself that can be your mentor throughout the process. They represent you, and only you -- always looking out for your best interest. And, in almost all cases, they would be paid by the seller, not by you. I always recommend against using the Realtor that lists the property that interests you or has their name on the property sign. They have signed a contract with the seller and have a responsibility to bring the seller the most money they can for their home. Which can end up costing you more for the home. It is a negotiation process in which the focus should be on you. Not on the seller. Especially in a "Buyer's Market".

There are plenty of tips, you as a buyer, should consider. Give me an e-mail or call and I can send you a copy of my special report "GREAT TIPS TO GET MORE HOME FOR YOUR MONEY."

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Holiday Season Hits Belmont Shore With a Smile

2011-12-07T17:13:00.001-08:00

Now that Thanksgiving is over, Bayshore and Naples is teaming with excitement. The cool, crisp air and holiday lights help bring the community together. Setting the stage for the "Locally Famous" Belmont Shore X-Mas Parade.

Thousands lined 2nd Street this past Saturday evening (December 3rd). Children smiling and delighting in the cadence of numerous school marching bands and cheerleaders, drum corps and local High School ROTC. Fire trucks, Colorful floats with smiling faces waving at the crowds. And last but not least, the featured guest of the evening...Ole St Nick!

Santa Makes an Appearance

Close friends and I enjoyed the holiday cheer and reveled in the mood all those around us. We look forward to next year...

Now, we are "gear-in" up for the beautiful lights of Naples on December 17th! See ya there!

--- Dave Harbison Long Beach REALTOR® Main Street Realtors (562) 618-9770 --- Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert ---

Ready to Add on to Your Home?

2011-12-06T21:37:00.000-08:00

These days, more and more of my clients have come to the realization that making a move to a new home may not be their best interest, finanicially. In a topsy-turvey real estate market, the more prudent solution is to add a second floor or addition to their existing home.

No matter what you choose to do, planning, preparation and coordination will make the difference to you and your pocketbook.

First of all, adding an addition to your home, if done well, will enhance your property's value in addition to helping you gain a considerable amount of living space. If done with "NO" consideration about resale value, the time and investment you put into the project may end up costing you!

Before you consider anything, I recommend involving a design professional and remodeling contractor, it will also be important for you to become familiar with building codes, structural issues. Having a clear understanding of the process will allow you to be on top of all phases of project and ensure that work is done correctly and runs smoothly without costly delays.

Here are some steps to take prior to making any move to remodel or add on to your home

1. Take a Look at Your Neighborhood

I recommend you walk your immediate neighborhood, take pictures and notes to get a clear understanding of homes nearby that are similar to yours in terms of appearance, size and features. This will help you understanding if adding on to your home is within the neighborhood norm. If your vision much larger than what is acceptable for area, the investment may not pay off as much as you invest. (Having a 5,000 sq. ft. add-on to a home in an area where 1,500 sq. ft homes are the norm, may not yield the return when you decide to move. It may be considerably harder to convince potential buyers and Realtors that your home should be valued exponentially higher than those around it.)

2. Hire Professionals

The complexity of any addition to layout and future value of a home dictates that you engage the services of an architect and reputable contractor. An architect will prepare code-compliant plans and will provide you experience you can't get anywhere else, at a cost of only 5-20% of the total project cost.

A reputable general contractor will coordinate workflow, source materials, schedule delivery and help you with valuable insight during the construction process.

Ask your nieghbors that have done similar renovations who'd they recommend and don't be shy about asking 3-4 companies to bid on the whole project and go with the one you feel most comfortable with -- even though they may not be the lowest cost.

And, always ask for an itemized bid!

Hiring professionals with experience allows you to focus on making the right decisions about your home renovation/addition and is ideal to minimize stress and coordination.

3. Understand the Building Codes and Restrictions for Your Area

Not adhering to building codes and ordinances can result in major setbacks to any project you propose for your property. Leaning on your architect and/or general contractor to make assurances does not provide 100% safety from the inspector. You should have a checklist of all the acceptable and expected requirements of building.

Certain codes, ordinances and association rules might stipulate building height and historical parameters with the goal to preserve continuity and established environment. Also, don't be surprised if there are codes that dictate maximium percentage of your lot that can be covered by built structures. Even the trees and fences allowed, color of paint and roof materials you can use for the structure.

Start by gathering basic information about your home. Lot dimensions, property lines and any surveys can be available through The City or municipal property office or building department. In addition, get as clear as you can about the what permits will be needed and any pitfalls you need to be aware of.

Being proactive about your remodel/add-on will save you time and MONEY in the short term. And make you lots of $$$$ down the road.

---Dave HarbisonLong Beach REALTOR® Main Street Realtors (562)618-9770 Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties,Long Beach Relocation Expert---

Attracting Birds Can Attract Buyers

2011-05-17T06:22:00.000-07:00

I've been intrigued at how many different aspects of a home hits home with perspebuyers. Recently, there have been several buyers that have previewed my listings and mentioned that they asked about birds. Yes Birds!

I'm surprised to find out how big bird watching is. It seems to be a popular past time shared by many...And the the back yard is a great place to enjoy it. Thanks to a few landscaping techniques, you can trade your binoculars for a lawn char and enjoy bird watching from the convenience and comfort of your own home.

Attracting Birds of A Feather

If you want to attract local birds to your backyard, you have to make it a place that they will be drawn to. One way of doing this is by studying the feeding and/or nesting habits of the local birds that you want to attract. Birds have unique characteristics that are specific to their type and knowing what they enjoy will be your first step toward inviting them to your home.

Bird Basics

Birds need three basic things - food, shelter and water. By planting familiar foliage, you will be providing a protective covering for birds. Flowers, inviting nesting areas and a birdbath will provide additional comfort.

Bird food, which is commonly available at just about any retail store, is often specific to certain bird types. For instance, black oil sunflower seeds will attract goldfinches and chickadees, while millet seeds are appealing to doves and sparrows. If you want to attract hummingbirds, you will need to include a sugar-water feeder in your backyard landscaping. A bird feeder, which is used to house seeds and food for your backyard birds, should be cleaned regularly.

The Beautiful Bird Bath

Birdbaths are a great addition to your landscape if you want native birds to feel welcome. the single feature offers birds a way to bathe and drink, which makes your backyard very inviting to visiting birds. Adding fresh water and keep it clean and free of bacteria buildup always works to provide an inviting habitat for birds.

The Birdhouse

The cornerstone of attracting birds, is a birdhouse. These structures provide a safe environment and a way to feel secure. When choosing a birdhouse, consider the size of bird that you want to attract -- the size of the entrance is key. A quality birdhouse will have proper ventilation and drainage are also import. And by all means, keep the bird's nest dry and free of any water buildup.

---Dave HarbisonLong Beach REALTOR®Main Street Realtors(562) 618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

Common Mistakes I See Sellers Make

2011-04-12T13:38:00.000-07:00

Signs are finally pointing to a stablizing of the Real Estate marketplace in Southern California. More homes are being sold. Buyers are out in full force looking for the most home for their money. And banks are starting to loosen up the purse strings (albeit, very cautiously). This is not to say we're out of the woods yet. Our economy is fragile and any hiccups in our economic machine may drive us back to where we were a couple of years ago. I'm always optimistic, so I firmly believe we're on the way up, not down. With that said, I enjoy educating sellers on how to take advantage of these times, even though the perception is that the buyer is in control. This is not always the case. In fact, if handled correctly, sellers can still reap bountiful rewards on the sale of their home. That's what I look to do when presenting the opportunities to sellers. Yet, I am constantly overcome by the amount of sellers that feel compelled to execute a strategy that may cost them profits in the long term. Here are a few mistakes I see sellers make these days when selling their property:

OVERPRICING THEIR HOME Home values have obviously adjusted themselves from their peak in 2006. This makes it tempting to list your home based on the value a few years ago and not today -- especially if you purchased it while the sellers market was "red hot". Things have changed quite a bit since then. Buyers have become much more aware of the marketplace and values. They have been inundated with information from all different news sources and are much more informed...and cautious. Overpriced homes sit longer and often go through several price reductions before being sold. If you're a motivated seller, be realistic about your home's value. Make the hard call to price it to sell today, not like it's 2006. You'll have greater peace-of-mind and the good feeling that comes with looking to your next challenge in life.

UPGRADES/UPDATES/REMODEL This is a very hard decision. The goal is to make as much from the sale of your home as possible. Curb and room "Appeal" always plays a part -- especially in a buyers market where similar homes with more appeal and updated/remodelled features are in competition with your property. Seriously evaluate the pros of upgrading your kitchen and/or bathroom(s) and even front lawn against how your home would fare against the competition without any updates or changes. Depending on inventory and desirability of the location, you may want to make the investment.

OVERPRICING IN A BUYER'S MARKET It's no secret that home values have decreased over the past few years. By some accounts, as much as 27% since 2006. Some markets even declined 50-60%. Do a reality check. Get a firm understanding of the marketplace TODAY. Know what other homes have already sold for in the past 3-4 months, then gauge your listing price on that. In real estate, home sellers are either leading the market or chasing it. If you are chasing the market by listing your home above recognized market value, you most likely will fetch less for your home than you would have if pricing it close to market value as buyers would feel there is something wrong with the home. In addition, focus on the homes recently sold in your area and those currently for sale. Each represents a reference point/competition (respectively) to your home.

USE AN AGENT THAT IS TECH SAVVY Although Real Estate has traditionally been thought of as a "localized business", the effectiveness of reaching beyond your community's borders is extremely important these days. Make sure you're Realtor is actively engaged with the main Real Estate Portals and social media outlets. There are so many additional ways to expose properties to buyers. Real Estate is a global business with potential buyers all around the world and always within our social connections.

PHOTOGRAPHY IS KEY In a web-centric world, photos and virtual tours represent key marketing communication vehicles for your home. Be sure your agent is able to capture the essence of your home, its highlights and those areas most important to buyers -- kitchen, bathrooms, yard and living space

DON'T HANG AROUND WHILE BUYERS ARE PREVIEWING YOUR HOME If you are in your home or follow potential buyers around while they are previewing your property, chances are the buyers will feel a bit nervous. It's been my expereince that privacy while my buyers are looking at a home is important to gather true feedback and better position the home for sale. Buyer's agents are there to help you sell your home. Try to stay out of their way.

Don't hesitate on giving your Realtor a call to gain additional "ins" and "outs" of positioning your home for sale.

---Dave Harbison Long Beach REALTOR®Main Street Realtors (562)618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

Mortgage Interest Deduction - Helping You and I Every Day

2011-02-25T06:52:00.000-08:00

I normally try to stay as far away from politics and legislation as possible. Recently however, with trillions of dollars in deficits, rising cost of living and shrinking middle class, there has been a push by some in Washington to make sweeping changes to the tax structure we Americans have become accustom too over the past few decades.

Yes, we as a country need to curb our spending and become more responsible with how things are done here in the United States. As a Realtor, I am driven to protect the rights of us professionals to continue doing what we do with limited interference. I depend on our legistlators to protect me as well as my clients. As a service, our industry is very vulernable to changes the economy and economic outlook. So, in a sense, I have skin in the game when it comes to making sure all of us act responsibly and in the best interest of everyone.

So, What About Mortgage Interest Deduction - Where Do I Stand?

There was an article in the Washington Post recently that drove a misperception that the Mortgage Interest Deduction (MID) benefits the wealthy. My feeling is, MID primarily benefits the middle and lower income familes who earn less than $100,000. From my research, approximately 91% who claim less $200,000 are MID beneficiaries - many being younger middle-class families

The MID helps families become home owners by reducing the carrying costs of owning a home. The ability to deduct interest on a mortgage can save a significant amount of taxes.

Unlike the very wealthy who have a large portion of their wealth tied up in stocks and the market, most of the middle-class in America have their home as their largest investment. Millions of Americans bought their home with the understanding that mortgage interest is and always will be tax-deductable, and many of them steadily paid down their mortgages to build equity in their home.

By eliminating or reducing MID, equity would be significantly decreased, home pricing would be in free-fall, one of the strongest industries in the United States would stumble and possibly crumble and the financial futures of millions of Americans would be thown into chaos.

And, for people who don't have hundreds of thousands of dollars in savings to buy a home outright, tax benefits like the MID help them begin to build a future through home ownership.

With all the economic pressures our middle class faces today, it is not the time to throw those that work the hardest under the bus.

---Dave HarbisonLong Beach REALTOR®Coldwell Banker Coastal Alliance(562) 494-4600 ext 2281---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

What Are Luxury Home Owners doing in Long Beach?

2011-02-24T10:02:00.000-08:00

Living in Long Beach, CA, I am not exposed to as many grand homes as those Realtors in Beverly Hills, Newport Beach, Manhattan Beach, Santa Barbara, Rancho Palos Verdes or other select parts of Southern California. Don't get me wrong, our city has a great number of places, on the water, and inland that hold you breathless.

To me, Long Beach is a hidden gem -- a secret place situated between Los Angeles and Orange County that provides a lifestyle that is a mixture of bustling east coast and laid back west coast.

Naples, Belmont Shore, Park Estates, Lakewood Country Club and Virgina Country club are places that most resemble the lifestyle synonymous with what everyone perceives as California luxury. It is, but at a fraction of the cost of other areas.

In the past 10 years, a great many of the homes in this area have been remodelled or totally rebuilt to reflect the changing face of expectation in luxury. After doing a little digging, I've uncovered a number observations about the upper-tier housing market in Long Beach -- that align very closely with other areas in the whole of California:

Professional Landscaping is a must
Upgraded the kitchen. In the luxury market there is a great number of homes in Long Beach that have "Designer" kitchens
Wine cellars are becoming more popular as available room, especially in Naples, Belmont Shore and Belmont Heights is becoming more of a premium
Wet Bars are starting to make a come back
In-ground swimming pools with spas have long been popular and are even making a splash in smaller lots in Belmont Heights
Installed Security systems are the norm rather than the exception
Surround sound systems with the latest wireless capabilities

I can only speak for myself, but luxury in Long Beach is more than design. Add taste, style, convenience, flowing floorplans and timeless individuality and what you see will be incredible.

Any chance you get to view a home that peaks your interest. Do it!

---Dave HarbisonLong Beach REALTOR®Main Street Realtors (562)618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

Hidden Costs of Moving -- A Must Know Before You Move

2011-01-24T16:14:00.000-08:00

I recently helped a really nice couple move from the Pacific Northwest to sunny Long Beach, CA. We spent countless hours sifting, identifying and choosing properties to preview. We went out on Saturday and Sunday for 3 straight weekends, looking at over 30 properties. We identified one property that was "heads and tails" above the rest and quickly made a very generous offer (albeit below asking price). The sellers accepted.

My clients' exhuberance was overwhelming. It was great!

Long before the "real work" of looking for the perfect property began, an important part of my job as their Realtor was to position exactly what is entailed around the transaction. One area that I make sure to cover were hidden costs not normally talked about when trying to sell real estate.

There are several that come to mind that I always make sure are clear:

1. Insurance Costs

I recommend my clients contact their insurance agent to provide them with guidance and estimates on homeowners insurance...AND...Automobile insurance.

The geographic area (flood, tornado and brush fire prone areas), parking situation and surrounding environment may effect the amount of insurance you will end up paying for your two and three most valued assets (Your Home and car...I rate you and your family as a solid #1 valued asset -- above your home and auto). Always shop insurance and look for the best value before you settle on the lowest price.

2. Amenities

The cost of living in New York city will vary greatly from rural Kansas. Long Beach, CA, although it is considered to be much more affordable than other areas of Southern California, costs more than other places in the United States. Gain a solid understanding for what things cost and what is available where you plan to move -- from accessibility to things you like to do to groceries to entertainment. All will have an effect on your lifestyle and quality of life.

If you're unfamiliar with the area your moving too, ask your Realtor and get online. See what the area is like, what there is to do and how things are priced. Knowing this beforehand will make the adjustment much more fluid and enjoyable.

3. Utilities

Utility costs differ from city to city, region to region. And can vary greatly based on the size of the property and efficiency in architecture and systems. See if the current owners wouldn't mind providing you with copies of utility bills (after your offer has been accepted) so you can get a handle on the costs you will incur after close.

4. Taxes (booooo!!) and Assessments

As the ole' saying goes..."There's only two things you can't avoid in life, death and taxes". So, that being true, having a clear understanding of the tax base and expectations will make your planning a lot more effective and easy. In Los Angeles County the property tax is approximately 1.25% of property value at the time of purchase (Note: As property values have decreased over the past few years, I always advise to familiarize themselves with the local tax assessor office and spend a few minutes on the phone to receive direction on how to lower your tax base to the value of the property at the time of sale. Often times, non-committed new home owners will continue paying the inflated tax rate of the property when the property was previous sold (if it was higher).

Other taxes, assessments, bonds and mello roos also play a part in your tax budgeting for the year. Talk with your Realtor about the area that you are interested in and have them investigate any of these additional taxes. You should get this information in the Combined Natural Hazard Report/Tax Disclosure or Preliminary Title report provided during escrow. But doing some legwork beforehand, never hurts.

Also, it's not just property tax that will effect your life style, sales tax, state tax and local income tax can also play a role. Don't be afraid to lean on your realtor to provide you the information or point you in the right direcdtion. Simply "Googling" sales tax in Long Beach will provide you a wealth of information.

5. The Commute

I know plenty of homeowners that moved many miles from work in order to increase the amount of home they could afford. Moving to Southern California from just about anywhere can be deceiving. On a map, going from Corona to Long Beach is only 30 miles. But those 30 miles during peak traffic can be up to 2.5 hours each way.

The cost of time, gas and car maintenance can far outweigh the additional cost to be right down the street from work. Carefully evaluate, prior to moving, where you want to live in relation to your work. It can be a life (and relationship) saver.

Rule of Thumb: For many years, the rule of thumb is to keep housing costs below 33% and combined costs for housing, taxes, utilities and commute to less than 46%. I know, in these economically challenging times, it may be difficult. However, standing as close to these percentages will go a long way to making your body, mind and spirit a much happier place to reside.

---Dave HarbisonLong Beach REALTOR®Main Street Realtors (562) 618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

The Bembridge House - Quintessential Victorian

2011-01-19T17:38:00.000-08:00

I was driving down Magnolia Avenue in the Long Beach yesterday and decided to detour on 10th. I had heard about this exquisite victorian home near Drake Park. I wasn't disappointed.

Born and raised in outside of Buffalo, NY, I had the chance beautiful victorian homes every day. In my home town, Main Street was lined with big, old, impeccably kept Victorians with gabled tops, patterned shingles and stained glass windows.

Right in the heart of the city of Buffalo, on Delaware Avenue near Casanovia park, these homes abound.

As I stopped to have a look, it brought back memories of home and days gone by.

I know little about the Bembridge home located at 953 Park Circle Drive. It was built in 1906 by Josephine and Stephen Green. In 1918, the parents of Dorothy Bembridge bought the home. Dorothy would live in the home for the next 80 years -- hence the Bembridge House.

It is currently owned by the Long Beach Heritage Organization, a great local nonprofit group dedicated to the knowledge and preservation of historical architecture in Long Beach. http://www.lbheritage.org/.

If you ever get the opportunity take a drive down 10th, past Magnolia. You'll run right into it...on the right hand side.

---Dave HarbisonLong Beach REALTOR®Main Street Realtors(562) 618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

The Media Hype About Real Estate - Believe it or Not?

2011-01-19T09:24:00.000-08:00

The past three years have been very interesting in the state of real estate... To say the least. Recently Fox and CNN economy and political experts groused about the explosion of Foreclosures in 2011 (when we hit the 5 year point from when the last of the millions of toxic 5-yr adjustable loans were issued).

In the 60 months, the economy has been challenging. Job market has spuddered. Consumer confidence has waned. And, in all the negativity, the opportunity to own a home has become more affordable than any time in recent history. And interest rates are...well better than ever.

Now's the time to get a peice of the American dream. Banks are lending, but are much more diligent in their vetting process (as they probably always should have been). Americans are slowly coming to grips that we need to save and work hard to realize our dreams.

We'll get through this time, but in much different fashion than past recessions. With so much information at our finger tips, the stress, anxiety and speculation shot in our direction by any number of a 1000 different media outlets is looking to take control of our emotions and actions.

In my opinion, Southern California home prices, specifically Long Beach, have adjusted to pre-2002 levels. To most of us consumers, we learned the hard way that our homes are not piggy banks. Home value increases seen in the early 2000's are a thing of the past.

Your home will always be a valuable and worthwhile investment if you plan to live in it for a long period of time or have enough equity to gain a positive cashflow from it.

As a Realtor with over 5 years experience, I've always found one of our most valued attributes is as prognosticators of the real estate future. We get asked all the time "So, where do you think the market is going?"

My answer? UP. Always UP, if your thinking is long term.

---Dave HarbisonLong Beach REALTOR®Main Street Realtors (562)618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

Open Houses Are Great for Just....Going!

2011-01-18T19:18:00.000-08:00

Well, the new year always kicks off a new season of Open Houses. As a Realtor for a number of years, I always enjoy people stopping by and looking at the great homes I hold open. Most of them are not in the market to buy the home, but enjoy seeing what their neighbor's home looks like, what improvements have been made, what improvements need to be made and how it compares to their home.

The point is, going to an open house serves a lot of purposes. I think most of all, it is to get a feel for the vision you may have for your dream home. Whether you plan on moving into it sometime soon or already live there, an Open House is a place where your mind can wander pick up unique things that will work in your home

So many people ask interesting questions that help me dig deeper into the history of the home, its features and architecture.

In a way, we're extremely lucky here in Southern California. The rich history and architecture coupled with great weather allow our little peice of the world to evolve in a powerfully unique way.

When you pass by an Open House. Take the time to stop in. You never know what great ideas are behind those doors.

---Dave HarbisonLong Beach REALTOR®Main Street Realtors(562) 618-9770---Long Beach Realtor® / Real Estate Agent Long Beach Homes for Sale, Condos and Investment Properties Long Beach Relocation Expert---

Buyer's Approach to A Home That Needs TLC

2011-01-17T21:05:00.000-08:00

Today, there are more homes on the market that would be considered "Distress sales" - the majority of which are short sale or a bank owned properties. In California, properties are sold "As Is"... And believe me, many need work. The questions you need to ask yourself as a buyer should drive you to a clear conclusion as to whether you should consider presenting an offer. Here is a list of, what I like call, "areas of clarity" that may help you gain peace-of-mind during the highly stressful and anxious home search experience:

1. Can you envision the end result?

2. What are the priorities of your purchase and how does the home rank? (Location, neighborhood, access, size, lot size, bedrooms, bathrooms, curb appeal, potential etc...)

3. What do you need to do to make the home "live-able"...to your standards?

4. What projects take priority and what things can be done down the road?

5. Is the list price at market value or quite a bit above or below?

6. Is there any "wiggle-room" or flexibility in the list price?

If there is anything I have learned in my years in Real Estate -- One family's "teardown" home is another's castle. If it feels right, 9 times out of 10, it is right!!

Dave Harbison's Long Beach CA Real Estate Update

Top 6 "Big-Bang For Your Buck" Remodeling Projects

Siding ReplacementCost = $ 13,431Return = $ 10,493ROI = 78.0%

Entry Door ReplacementCost = $ 1,238Return = $ 903ROI = 73.0%

Attic Bedroom AdditionCost = $ 50,148Return = $ 36,346ROI = 72.5%

Kitchen: Minor RemodelCost = $ 19,588Return = $ 14,120ROI = 72.1%

Low-End Garage Door ReplacementCost = $ 1,512Return = $ 1,087ROI = 71.9%

High-End Garage Door ReplaceCost = $ 2,994Return = $ 2,129ROI = 71.1%

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Regular Maintenance of Your HVAC Unit Can Save $$$!

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Long Beach Historical Landmark - Kimpson/Nixon House

Kitchen Remodel - Done on a Budget

How Much Is A New Roof Worth in Today's Market

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Mortgage Interest Deduction - Helping You and I Every Day

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Hidden Costs of Moving -- A Must Know Before You Move

The Bembridge House - Quintessential Victorian

The Media Hype About Real Estate - Believe it or Not?

Open Houses Are Great for Just....Going!

Buyer's Approach to A Home That Needs TLC

Siding Replacement
Cost = $ 13,431
Return = $ 10,493
ROI = 78.0%

Entry Door Replacement
Cost = $ 1,238
Return = $ 903
ROI = 73.0%

Attic Bedroom Addition
Cost = $ 50,148
Return = $ 36,346
ROI = 72.5%

Kitchen: Minor Remodel
Cost = $ 19,588
Return = $ 14,120
ROI = 72.1%

Low-End Garage Door Replacement
Cost = $ 1,512
Return = $ 1,087
ROI = 71.9%

High-End Garage Door Replace
Cost = $ 2,994
Return = $ 2,129
ROI = 71.1%