A solid game plan can help you narrow your home
buying search to find the best home for you.
House hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you'll zoom in on the home you want at the best price. These eight tips will guide you through a smart home buying process.
Understand the type of home that suits your personality. Do you prefer a new or existing home? A ranch or a multi-story home? If you're leaning toward a fixer-upper, are you truly handy, or will you need to budget for contractors?
List the features you most want in a home and identify which are necessities and which are extras. Identify three to four neighborhoods you'd like to live in based on commute time, schools, recreation, crime, and price. Then hop onto REALTOR.com to get a feel for the homes available in your price range in your favorite neighborhoods. Use the results to prioritize your wants and needs so you can add in and weed out properties from the inventory you'd like to view.
Generally, lenders say you can afford a home priced two to three times your gross income. Create a budget so you know how much you're comfortable spending each month on housing. Don't wait until you've found a home and made an offer to investigate financing.
Gather your financial records and meet with a lender to get a prequalification letter spelling out how much you're eligible to borrow. The lender won't necessarily consider the extra fees you'll pay when you purchase or your plans to begin a family or purchase a new car, so shop in a price range you're comfortable with. Also, presenting an offer contingent on financing will make your bid less attractive to sellers.
Do you have blemishes on your credit that will take time to clear up? If you already own, have you sold your current home? If not, you'll need to factor in the time needed to sell. If you rent, when is your lease up? Do you expect interest rates to jump anytime soon? All these factors will affect your buying, closing, and moving timelines.
Your future plans may dictate the type of home you'll buy. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in the home for five to 10 years? With a starter, you may need to adjust your expectations. If you plan to nest, be sure your priority list helps you identify a home you'll still love years from now.
HIRE A LOCAL SANTA MONICA REAL ESTATE AGENT
6. Work with a REALTOR
Ask people you trust for referrals to a real estate professional they trust. Interview agents to determine which have expertise in the neighborhoods and type of homes you're interested in. Because homebuying triggers many emotions, consider whether an agent's style meshes with your personality.
Also ask if the agent specializes in buyer representation. Unlike listing agents, whose first duty is to the seller, buyers' reps work only for you even though they're typically paid by the seller. Finally, check whether agents are REALTORS, which means they're members of the NATIONAL ASSOCIATION OF REALTORS & NAR has been a champion of homeownership rights for more than a century.
It's OK to be picky about the home and neighborhood you want, but don't be close-minded, unrealistic, or blinded by minor imperfections. If you insist on living in a cul-de-sac, you may miss out on great other issues-like noise levels-that can have a big impact on your quality of life. Use your priority list to evaluate each property, remembering there's no such thing as the perfect home.
Search Homes for Sale in Santa Monica
It's natural to seek reassurance when making a big financial decision. But you know that saying about too many cooks in the kitchen. If you need a second opinion, select one or two people. But remain true to your list of wants and needs so the final decision is based on criteria you've identified as important.
Search
Santa Monica Real Estate Listings-One of the Best
Resources Available to Buyers is thisSanta
Monica Real Estate website:
http://santamonica-realestateagent.com/
If you are looking to buy, rent, or sell Real Estate Right Now-it truly is a great time again for Santa Monica Real Estate. You can find great deals in Santa Monica, it just takes using a local professional to achieve this.
Call Me Today for All Your Santa Monica Real Estate Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Real Estate Expert”

Working to get your home ship-shape for showings will increase its value and shorten your sales time.
Many buyers today want move-in-ready homes and will quickly eliminate an otherwise great home by focusing on a few visible flaws. Unless your home shines, you may endure showing after showing and open house after open house-and end up with a lower sales price. Before the first prospect walks through your door, consider some smart options for casting your home in its best light.
1. Have a home inspection
Be proactive by arranging for a pre-sale home inspection. For $250 to $400, an inspector will warn you about troubles that could make potential buyers balk. Make repairs before putting your home on the market. In some states, you may have to disclose what the inspection turns up.
If your home inspection uncovers necessary repairs you can't fund, get estimates for the work. The figures will help buyers determine if they can afford the home and the repairs. Also hunt down warranties, guarantees, and user manuals for your furnace, washer and dryer, dishwasher, and any other items you expect to remain with the house.
Clear your kitchen counters of just about everything. Clean your closets by packing up little-used items like out-of-season clothes and old toys. Install closet organizers to maximize space. Put at least one-third of your furniture in storage, especially large pieces, such as entertainment centers and big televisions. Pack up family photos, knickknacks, and wall hangings to depersonalize your home. Store the items you've packed offsite or in boxes neatly arranged in your garage or basement.
A clean house makes a strong first impression that your home has been well cared for. If you can afford it, consider hiring a cleaning service.
If not, wash windows and leave them open to air out your rooms. Clean carpeting and drapes to eliminate cooking odors, smoke, and pet smells. Wash light fixtures and baseboards, mop and wax floors, and give your stove and refrigerator a thorough once-over.
Pay attention to details, too. Wash fingerprints from light switch plates, clean inside the cabinets, and polish doorknobs. Don't forget to clean your garage, too.
If you
would like to find out exactly what your property is
currently worth, enter your property address and information
here:
http://santamonica-realestateagent.com/how-much-is-my-home-worth/
Search Santa Monica Real
Estate Listings-One of the Best
Resources Available to Buyers is this Santa Monica Real Estate website:
http://santamonica-realestateagent.com/
Call Me Today for All Your Santa Monica Real Estate Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Real Estate Expert”
The Real Estate Market in Santa Monica is very active and now it truly one of the "BEST" times to invest in purchasing or buying a second home or investment property in Santa Monica.
Currently interest rates are at record lows and if you are going to be paying cash for your second home purchase, you can negotiate very heavily and turn an amazing deal!!
CBS News and Moneywatch have dubbed Santa Monica as One of the Best Places to Invest when purchasing a second home or investment property!!
Search
Santa Monica Real Estate Listings-One of the Best
Resources Available to Buyers is this Santa
Monica Real Estate website:
http://santamonica-realestateagent.com/
Here is a recent article published from CBS News naming the 3 main reasons want to buy second homes, vacation properties, or investment properties:
Well, Santa Monica tops the charts in all of these categories and with the amazing weather, beach live style, outstanding shopping and restaurants, it is no wonder real estate values always are very high in this area.
Spending
time in Santa
Monica is
always a joy. The weather is perfect nearly year-round. It's
close to the beach, the Santa
Monica Pier,
great restaurants and shopping, and the city offers
a fantastic farmer's market on
Wednesdays, Saturdays and Sundays.
Turns out, Santa Monica is also a terrific vacation home location, with traveler demand up 104 percent in the first quarter of 2010 and few vacation homes for rent.
This Artist Retreat, offers 2 bedrooms, and 2 baths in about 1,100 square feet. It's located six blocks from the ocean, just behind Main Street, and has a huge private yard and lovely redwood deck. Amenities include high-speed Internet.
Click Here to View Great Investment Properties in Santa Monica
If you are looking to buy, rent, or sell Real Estate Right Now-It truly is a great time to invest in Santa Monica Real Estate. You can find great deals in Santa Monica, it just takes using a local professional real estate expert to achieve this.
Call Me
Today for All Your Santa Monica Real Estate
Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Santa Monica Luxury Real Estate Expert”
Whether
it's a buyer's market or a seller's market, all homebuyers have
one thing in common: they don't want to get ripped off. But how
do you know if you're getting a fair deal on the home you're
prepared to place an offer on? Read on to find out how to
evaluate the price of any home so you can make a sound
investment decision.
SEARCH HOMES FOR SALE IN MALIBU
Research Recently Sold, Comparable Properties
A comparable property is one that is similar in size, condition, neighborhood and amenities. One 1,200-square-foot, recently remodeled, one-story home with an attached garage should be listed at roughly the same price as a similar 1,200-square-foot home in the same neighborhood. That said, you can also gain valuable information by looking at how the property you're interested in compares in price to different properties. Is it considerably less expensive than larger or nicer properties? Is it more expensive than smaller or less attractive properties? Your real estate agent is the best source of accurate, up-to-date information on comparable properties (also known as "comps"). You can also look at comps that are currently in escrow, meaning that the property has a buyer but the sale is not yet complete.
In this case, you can actually visit other homes and get a true sense of how their size, condition and amenities compare to the property you're considering buying. Then you can compare prices and see what seems fair. Reasonable sellers know that they must price their properties similarly to market comparables if they want to be competitive.
Look at Comparables That Were on the Market Recently but Didn't Sell
If the house you're considering buying is priced similarly to homes that were taken off the market because they didn't sell, the property you're considering may be overpriced. Also, if there are a lot of similar properties on the market, prices should be lower, especially if those properties are vacant. Check out the unsold inventory index for information about current supply and demand in the housing market. This index attempts to measure how long it will take for all the homes currently on the market to be sold given the rate at which homes are currently selling.
MALIBU REAL ESTATE MARKET CONDITIONS AND LATEST STATISTICS
Consider Market Conditions and Appreciation Rates in the Area
Have prices been going up recently or going down? In a seller's market, properties will probably be somewhat overpriced, and in a buyer's market, properties are apt to be underpriced. It all depends on where the market currently sits on the real estate boom-and-bust curve. Even in a seller's market, properties may not be overpriced if the market is on the upswing and not near its peak. Conversely, properties can be overpriced even in a buyer's market if prices have only recently begun to decline. Of course, it can be difficult to see the peaks and valleys until they're history. Also consider the impact of mortgage interest rates and the job market on the economy.
Are You Buying a For-Sale-by-Owner Property?
A for-sale-by-owner (FSBO) property should be discounted to reflect the fact that there is no 6% (on average) seller's agent commission, something that many sellers don't take into consideration when setting their prices. Another potential problem with FSBOs is that the seller may not have had an agent's guidance in setting a reasonable price in the first place, or may have been so unhappy with an agent's suggestion as to decide to go it alone. In any of these situations, the property may be overpriced.
What Is the Expected Appreciation for the Area?
The future prospects for your chosen neighborhood can have an impact on price. If positive development is planned, such as a major mall being built, the extension of light rail to the neighborhood, or a large new company moving to the area, the prospects of future home appreciation look good. Even small developments like plans to add more roads or build a new school can be a good sign. On the other hand, if grocery stores and gas stations are closing down, the home price should be lower to reflect that, and you should probably reconsider moving to the area. The development of new housing can go either way - it can mean that the area is hot and is likely to be in high demand in the future, increasing your home's value, or it can result in a surplus of housing, which will lower the value of all the homes in the area.
What Is Your Real Estate Agent's Opinion?
Without even analyzing the data, your real estate agent is likely to have a good gut sense (thanks to experience) of whether the property is priced appropriately or not and what a fair offering price might be.
FIND A MALIBU REAL ESTATE AGENT
Does the Price Feel Fair to You?
If you're not happy with the property, the price will never seem fair, even if you get a bargain. Even if you pay a little over market value for a home you love, in the end, you won't really care.
Search All the Latest Real Estate Listings and Homes for Sale in Malibu
Test the Waters
Even in a seller's market, you can always offer below list price just to see how the seller reacts. Some sellers list properties for the lowest price they're willing to take because they don't want to negotiate, while others list their homes for higher than they expect to earn because they expect to negotiate downward or they want to see if someone will make an offer at the higher price. If the seller accepts your price or counteroffer, you'll get an indication that the property probably wasn't worth what it was listed for and you have a good chance at getting a fair deal. On the other hand, some sellers may underprice their properties in the hope of generating lots of interest and sparking a bidding war. Unlike on eBay, however, the seller doesn't have to simply sell to the highest bidder: sellers can reject any and all offers that don't meet their expectations. If you have your heart set on the property, be warned that some sellers may be offended by lowball offers and refuse to work with you if you chose to employ such a tactic. Also, when you offer less than the list price, you may increase your risk of being outbid by another buyer.
Get an Appraised Value and a Home Inspection
Once you're under contract, the lender will have an appraisal of the property done (usually at your expense) to protect its financial interests. The lender wants to make sure that if you stop making your mortgage payments, it'll be able to get a reasonable amount of its money back when it forecloses on your home. If the appraisal comes in at considerably less than your offering price, you may not be getting a fair deal. In fact, the lender may not even let you purchase the home unless the seller is willing to bring the price down. A home inspection, which is completed after you're under contract, will also give you a way to gauge your offering price. If the home needs many expensive repairs, you'll want to ask the seller to make the repairs for you or discount the purchase price so you can make them yourself.
Find out
what your Malibu Home
is Worth Now.
Find out what your home is worth now.
If you are thinking of selling your Malibu or Westside home or would just like to find out what your home is currently worth, fill in all bedrooms, bath, property address, and full contact information below and a detailed home comparative market analysis report will be created for your home right away.
Click Here to Get Your Current Home Value
Conclusion
When you're shopping for a home, it's important to understand how homes are priced so you can make a sound investment and reach a fair agreement with the seller. Using these tips, you'll be able to make a confident and well-informed offer on any home in any market.
Heather Paul- “Malibu Real Estate Agent” Specializes in High End Luxury Real Estate Home Sales
If you are Thinking of Buying a Home in Malibu or Selling your Malibu Luxury High End Real Estate
Contact a Malibu Real Estate Agent Today!

(310)586-0364
or (424)625-1037
Coldwell Banker Residential Brokerage
MALIBU REAL ESTATE MARKET UPDATE
Everyday I get asked "What is the Current Malibu Real Estate Market like?" I usually answer, "It Depends, are you looking to buy, sell, or invest? But, lately it is actually a very balanced real estate market in Malibu and it is now a GOOD time to buy, sell, and invest in Real Estate here. Malibu homes for sale are selling very quickly and many times with multiple offers, there is some amazing homes currently for sale in Malibu, below are some of the Best of the Best Homes currently available in the Malibu Real Estate Market.
Find a Local Malibu Real Estate Agent
If you are thinking of Selling Your Malibu home, find out what it is worth right now.
Find out what your Malibu home is
worth now.
If you are thinking of selling your Malibu home or would just like to find out what your home is currently worth, fill in all bedrooms, bath, property address, and full contact information below and a detailed home comparative market analysis report will be created for your home right away.
Click Here to Get Your Current Home Value
Malibu, Ca showcases some of the most
luxurious homes in the nation. Malibu luxury real estate is
also desired by some of the most famous celebrities around.
Take a look at the latest Malibu Luxury Homes for Sale
and the Latest Malibu Real Estate Market Statistics below.
LATEST REAL ESTATE MARKET STATISTICS FOR MALIBU, CALIFORNIA
SEARCH
ALL MALIBU LUXURY HOMES-MALIBU LUXURY REAL ESTATE
LISTINGS
Call Me
Today for All Your Malibu Real Estate
Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Malibu Luxury Real Estate Expert”
Sellers will often accept an all-cash purchase offer over a higher priced offer with conventional or FHA loan financing. That's because they know the cash offer is more likely to close. It involves fewer stumbling blocks. And sometimes a bird in the hand is worth two in the bush, so to speak.
Appraisals are like . . . no, I'm not going to repeat that colloquialism, but everybody has an opinion. Appraisals are not cast in gold. The most common method is reliance on comparable sales, known as the comparative method, which involves choosing 3 properties and comparing those values to the property in question, adjusting upward or downward for updates / missing features.
If a home does not appraise for the purchase price and the buyer is obtaining a loan that requires a 20% down payment or less, the lender will not lend unless the buyer coughs up more cash or the seller discounts the price. There are other options for dealing with a low appraisal, but they can also spell contract cancellation.
Even though a buyer may be fully qualified to buy a home at inception, a hundred things can come up during the loan process. Apart from the home itself not qualifying, to conditions for loan approval that a buyer cannot meet, to loans that were once available drying up during escrow.
More commonly, lenders deny loans because the buyers' qualifications change upon further scrutiny. Maybe the buyer wasn't fully employed in the same occupation for the past two years, perhaps financial situations were altered prior to closing such as the buyer purchasing a new car or worse, maybe the buyer was unwittingly a victim of identity theft.
A buyer does not need 30 or 45 days to close if the buyer is not obtaining a loan. Once the home inspection and other contingencies have been satisfied or released, closing can take place in as little as seven days, providing the buyer is willing to sign a lead paint waiver.
A faster closing puts money into the seller's pocket sooner. There are also fewer things that can go wrong in a short escrow period.
When REO lenders have a lot of foreclosures in their portfolios, often the lender will discount the list price of the home in hopes the property will attract multiple offers. Buyers who pay cash for REO homes tend to win multiple offer situations. But there are other benefits for buyers:
Call Me Today for All
Your Malibu Real Estate
Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Malibu Luxury Real Estate Expert”
When Selling your Malibu home, one of the
first steps you will take is setting
an asking price or also known as a listing price for your home,
a maneuver that requires the ability to find the perfect
balance between attracting solid offers and ultimately
receiving top dollar.
We highly recommend working with a Local Malibu Real Estate Agent or Realtor, they can provide you with a vast amount of information about the local Malibu Real Estate Market such as the recently sold homes in Malibu, current homes on the market-which your home will be in direct competition with, and some of the best tips on selling your Malibu home for the highest price. You'll probably hear talk of fair market value, which typically means the highest value an educated buyer will pay. Fair market value is usually not the asking price.
Many Malibu Real Estate Agents will begin by
conducting a competitive home market analysis of your house and
give you an estimate of the fair market value of your home,
which is a range that will fluctuate depending on the housing
market in your area and how much similar homes in your
neighborhood are selling for. This is offered
free, contact a Malibu Real Estate
Agent now to find out what
your home is currently
worth.
While overpricing to some degree can be beneficial, you'll still want to be careful and avoid pricing your home too high, which almost always is nonproductive.
As you work with your Malibu Real Estate Agent and set your listing price, you'll want to recognize the factors that may prompt you to raise your asking price too much when it isn't warranted. Some of those factors include:
Generally, the asking price—the price advertised when it goes on the Malibu real estate market—is set slightly higher than market value, usually 1 to 3 percent above market value.
You should assume that negotiation will be necessary to reach an agreement with the buyer. If you price your home too much above market value, you'll get fewer showings and offers in which the potential buyer is fishing to determine how low you'll go. Most homes priced correctly from the beginning, sell very quickly and also bring in multiple offers.
You'll want to establish your priority list: Are you more concerned with selling quickly or getting the most money possible for your Malibu home? You'll also want to contemplate whether you think the real estate agent's suggested price is reasonable and whether you'd pay that amount if you were a buyer.
Good news for the Malibu Real Estate Market, homes are selling very quickly right now. Malibu is experiencing limited inventory of good homes on the market and home prices have inches up steadily. If you are thinking of selling your Malibu home , find out what it is worth today. These steps will help you get your Malibu home sold quickly and without the stress of having your home just sit on the market.
We wish you much success in selling your Malibu home and are available to assist you with the successful sale!
Find out what your Malibu home is worth
now.
If you are thinking of selling your Malibu home or would just like to find out what your home is currently worth, fill in all bedrooms, bath, property address, and full contact information below and a detailed home comparative market analysis report will be created for your home right away.
Click Here to Get Your Current Home Value
Heather Paul- “Malibu Real Estate Agent” Specializes in High End Luxury Malibu Real Estate Home Sales
If you are Thinking of Buying a Home in Los Angeles or Selling your Malibu Luxury High End Real Estate
Contact the Top Malibu Real Estate Agent Today!
Call Me Today for All Your Malibu Real Estate
Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Malibu Luxury Real Estate Expert”
INVEST IN REAL ESTATE NOW-MALIBU REAL ESTATE UPDATE
Is Now a Good Time To Sell My Home?
Truly one of Malibu's most spectacular settings located on the pristine shore of El Matador Beach. Restored by well known designer, Michael Lee, this renowned stone house incorporates architectural details imported from Buenos Aires, Majorca and Marseille and features the most incredible 270-degree coastline views. The interiors exude old world charm and include open living area, designer kitchen, 4 bedrooms and 3.5 baths. Expansive stone verandas wrap around the ocean side of the home on both levels and offer the perfect opportunity to entertain or just enjoy the majestic scenery. A unique stone amphitheater with reflecting pond provides for a variety of uses. Gorgeous grounds and gardens were designed by Maureen Barnes. Boasting approximately 266 feet of frontage this rare property must be seen to be appreciated.Property Type(s): Single Family, Residential
Last Updated 2/11/2011 Tract n/a Year Built 2008 Community Malibu Beach Garage Spaces n/a County Los Angeles Total Parking n/a ![]()
Walk Score
®6 ![]()
Schools
Elementary School Juan Cabrillo High School Malibu High Middle School Malibu Park Additional Details
CARETS Listing Status Active Total Floors 2 HOAFee1 0.0 Zoning LCRA10000* Tax Parcel Number 4473014004 Features
Appliances Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer Bathroom Features Powder Room Building Structure Style Architectural (N) Common Walls Detached/No Common Walls Cooking Appliances Built-Ins, Range, Range Hood Cooling Type Central A/C Eating Areas Breakfast Area (N), Dining Area Fire Place Fuel Gas Fireplace Rooms Living Room, Master Bedroom Floor Material Hardwood, Mixed (N), Stone (N) Heating Type Central Furnace Kitchen Features Pantry Laundry Locations Individual Room, Inside Legal Disclosures Take Property As Is (N) ListingAgreement Exclusive Right To Sell/Lease Lot Size Source Vendor Enhanced (N) Parking Features Uncovered Patio Features Patio Open Rooms LivingRoom ServiceLevel Full Service View Any View, Ocean View, White Water View Location
Bird's Eye
Listing provided by Ellen Francisco DRE# 00709314, Coldwell Banker-Malibu West
Contact us about this Property
/ We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Heather Paul to contact you even if your name is on a Federal or State "Do not call List". The information being provided by SoCalMLS® and/or CARETS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to property referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS® and/or CARETS® MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site.
Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by SoCalMLS® and/or CARETS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Property information Copyright © 2011 SoCalMLS® Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by SoCalMLS Inc. ® Copyright © 2011 CARETS®. All Rights Reserved.
Truly one of Malibu's most spectacular settings located on the pristine shore of El Matador Beach. Restored by well known designer, Michael Lee, this renowned stone house incorporates architectural details imported from Buenos Aires, Majorca and Marseille and features the most incredible 270-degree coastline views. The interiors exude old world charm and include open living area, designer kitchen, 4 bedrooms and 3.5 baths. Expansive stone verandas wrap around the ocean side of the home on both levels and offer the perfect opportunity to entertain or just enjoy the majestic scenery. A unique stone amphitheater with reflecting pond provides for a variety of uses. Gorgeous grounds and gardens were designed by Maureen Barnes. Boasting approximately 266 feet of frontage this rare property must be seen to be appreciated.
Malibu Real Estate Inventory Slowly Creeps Up, So Does Home Sales
As reliable as the sun rising over LAX and setting toward Oxnard, the Malibu real estate market can count on one trend: However many houses are on the market in January, it will grow to a higher number in July.
It happens every year. Many potential sellers keep their homes off the market during winter months and then put them on during spring, with the peak of inventory coming in July or August.
More uncertain is the month-to-month changes. Frequently, as
patterns established over the years demonstrate, the change in
total homes listed from one month to the next is moderate and
predictable.
That was not the case in February. Last month saw an unusually high increase in listings, far more than typical. The number of active listings in Malibu went from 236 homes during January to 260 in February.
By comparison, recent years had this outcome: January 2008 had 142 homes for sale; February, 157. January 2009 had 210; February, 218. January 2010, 230; February, 230.
The sudden 10 percent increase of inventory is very rare. Only in January-February 1996 (268-297 homes for sale) has there been an equivalent leap, as well as March-April 2006 (140-160).
If the recent adjustment parallels 1996, it could have important implications on the Malibu market. That year, coming toward the end of an exhausting period (1991-1996) of stagnant or lower prices, saw the inventory continue to balloon to a high of 367 homes, far outpacing demand numbers that year.
It may be there are two types of “shadow” inventories looming over Malibu. The more familiar one, mentioned often in the media, is that of the banks taking on foreclosure properties, or preparing to. The market awaits yet more REO (real estate owned by the lender) properties once many of the current mortgage deficiencies are processed.
Secondly, however, may be standard homeowners; the aggregate of individuals who just wish or need to make a move. Resignation and acceptance of current real estate values may be afflicting individuals who have been trying to time the market. Many folks have grown exhausted with their status quo. Prices be damned, it is time to move on with my life, seems to be the growing reflection.
The number of listings in February (residential property of one to four units in the 90265 ZIP code) uses a count exactly as made every month since mid-1994. At 260, it is not only more than any other February since 1999, it is also about the same as last June. 2011 already has a four-month jump on last year's supply levels.
Some new sellers may have hit the market and feel it is a better time now to try to sell.
They postulate: buyers are more anxious to strike; prices are finally going up; market times are shorter.
The truth: possibly; false; and false.
With regard to market times, they have stabilized in the 10-month range. That is, the average listing is on the market through the close of escrow for 10 months. It has been at that echelon for about a year. That period only includes the most recent marketing effort with the most recent broker-often, several years of effort with various brokers are also part of the pact.
REO sales will bring marketing times down, but short sales still drag out many transactions. The latter is more prevalent, currently.
Meanwhile, it is considered very likely that the number of sales will increase this year over last. That is the general trend of the last six months of 2010. With prices about 40 percent lower than the peak, buyers are, indeed, possibly more willing to strike. The California Association of Realtors predicts increased sales this year, at least throughout the state.
The hope for the much-sought revival of values depends on demand catching up to-and surpassing-supply. Chances of that happening this year have been dimmed, however, based on early returns. In fact, the opposite has been true: sales have started at a mediocre pace; the jump in listings has only expanded the gap.
Just as the February listing boom was unpredictable, the next development may be also. Perhaps sales will surge ahead in the spring? Or perhaps inventory will top 300 sooner than later and cast a darker cloud over local prices? At some point the paths will cross, demand topping supply. Buyers hope that day comes yet later, resulting in yet more salivating values. Sellers, many already strained, hope the competition just stays away.
Here are some of the fabulous Malibu homes for sale on the market currently.
Are you under water on your current home mortgage and unsure of what to do next? A Short Sale could be your answer! You are not alone, hundreds of thousands of people are facing the exact same feats as you. Are you considering letting your home go to foreclosure?

You
DO have options, here are some of the options available
to you that we highly recommend:
1.
First- Talk
to a local real estate agent Short Sale Specialist "Make sure
you find One that specializes in Short Sales" They can be a
huge asset to you and the future of your home. We
recommend Heather Paul, #1 Short Sale Real Estate Agent serving
all areas of Los Angeles County. Heather Paul, Realtor of
Coldwell Banker specializes in helping homeowners avoid
foreclosure and successfully sell their home as a short sale,
having expert knowledge of the entire short sale process to
help you expedite the relief available to you. Do not let
your home go to foreclosure, you may be done and out
financially right now, however a foreclosure will affect you in
every way for up to 10 years.
Here
is a website link to contact an Expert Short Sale Real Estate
Agent in your area to assist you in the short sale
process for your home or property and answer any questions you
may have.
http://santamonica-realestateagent.com/contact-us/
2.
Contact your Mortgage Lender right away! Most mortgage
lenders will be willing to work with you, but you must contact
them and request a loan modification. Approximately 2 out
of 5 mortgage loan modifications are approved. There are
specific requirements for loan modifications, a loan short sale
real estate agent can also assist you with a loan modification.
Be careful of loan modification companies advertising
they can assist you to do this for a fee, only licensed real
estate agents can assist you with a loan modification, and they
should not charge you a fee for this service, also if the loan
modification is not accepted they can easily assist you with
performing a short sale on your property or home if you wish,
and it's completely confidential.
We
highly recommend selling your home via short sale rather than
allowing it to just go to foreclosure, this will detrimentally
hurt you in the future.
Contact
a Short Sale Real Estate Agent Expert Now
http://santamonica-realestateagent.com/contact-us/
Call Directly (310)586-0364 or
(424)625-1037
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Sale below.
Find a Local Malibu Real Estate Agent
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(all data current as of 6/24/2011)
Find out what your home is worth now.If you are thinking of selling your Los Angeles or would just like to find out what your home is currently worth, fill in all bedrooms, bath, property address, and full contact information below and a detailed home comparative market analysis report will be created for your home right away.Click Here to Get Your Current Home Value
Call Me Today for All Your Real Estate
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Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Real Estate Expert”
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Showing properties 1 - 50 of 144. See more city of Santa Monica real estate.
(all data current as of 6/24/2011)
If you are thinking of selling your Los Angeles or would just like to find out what your home is currently worth, fill in all bedrooms, bath, property address, and full contact information below and a detailed home comparative market analysis report will be created for your home right away.
Call Me Today for All Your Real Estate Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
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Call Me Today
for All Your Real Estate Needs!
Heather Paul, Realtor (310)586-0364 or (424)625-1037
“Your Local Real Estate Expert”